Hexaware shares: soar 10% over IPO price of ₹708, touches ₹780 level
Shares of Hexaware Technologies soared about 10 per cent higher over the issue price in early trade on Wednesday. The stock debuted on the NSE at ₹745.50, at a 5 per cent premium over the IPO price of ₹708. On the BSE, the stock listed at a 3.14 per cent premium at ₹731.
Post-listing, the stock rallied to hit an high of ₹777 and ₹780 on the NSE and BSE at around 10.25 am, respectively.
The total market capitalisation stood at ₹46,983.91 crore, per NSE data.
Hexaware IPO, which concluded on February 14, 2025, received 2.66 subscription with the support of qualified institutional buyers (QIBs). At the upper price band of ₹708, the company was valued at over ₹43,000 crore. The ₹8,750-crore IPO was a complete Offer for Sale (OFS) of equity shares worth Rs 8,750 crore by promoter CA Magnum Holdings, part of Carlyle Group.
Ahead of the IPO, the Mumbai-based company mobilised ₹2,598 crore from anchor investors.
Kotak Mahindra Capital Company Ltd, Citigroup Global Markets India Private Ltd, JP Morgan India Private Ltd, HSBC Securities and Capital Markets (India) Private Ltd and IIFL Capital Services Ltd were the book-running lead managers to the issue.