Hexaware Technologies Limited IPO Day 1: Check GMP, Subscription Status & Key Highlights

Founded in 1992, Hexaware Technologies Limited is a global digital and technology services company that integrates artificial intelligence into its core operations. The bidding window for Hexaware Limited IPO opens on February 12, 2025, and will close on February 14, 2025. The allotment process is expected to be finalized on February 17, 2025, with the company's shares set to be listed on both the BSE and NSE tentatively on Wednesday, February 19, 2025.

Hexaware Technologies Limited IPO Details

Hexaware Technologies is launching its IPO on February 12, 2025 with a total issue size of ₹8750.00 crores, with an offer for sale (OFS) of ₹12.35 crore. The IPO price band is fixed between ₹674 and ₹708 per share. Investors can apply with a minimum lot size of 21 shares, requiring a minimum investment of ₹14,154. The shares are expected to be listed on the BSE and NSE on February 19, 2025. The basis of allotment will be finalized on February 17, 2025, followed by the initiation of refunds on February 18, 2025.

Hexaware Technologies Limited IPO Day 1 Subscription Status

(February 12, 2025, 10:14 AM)

On Day 1,Hexaware Technologies Limited IPO saw a subscription rate of 0.52 times as of 10:14 a.m. on Wednesday, February 12, 2025, as per the BSE data. The retail investor category led with a subscription of 0.55 times, while Qualified Institutional Buyers (QIB) subscribed 0.33 times, and Non-Institutional Investors (NII) saw a subscription of 0.67 times.

Also Read : Hexaware Technologies Limited IPO Day 2 Subscription Status, Hexaware Technologies Limited IPO Day 3 Subscription Status

Utilization of IPO Proceeds

The company will not receive any funds from this offering. Instead, the proceeds from the Offer for Sale will go directly to the selling shareholders, who will receive their respective shares after deducting applicable offer-related expenses and taxes.

GMP Details

According to Business Standard, as of February 12, 2025, the Grey Market Premium (GMP) for Hexaware Technologies IPO stood at ₹711.5 ahead of the opening of the public offering. This indicates a premium of ₹3.5 or 0.49% over the upper price band of ₹708 per share.

Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.

Source: Business Standard Media Report dated February 12, 2025

Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.

Hexaware Technologies Limited Business Overview

Hexaware Technologies Limited is a global IT services and consulting firm headquartered in Navi Mumbai, Maharashtra, India. Established in 1992, the company specializes in providing information technology, business process outsourcing, and consulting services across various industries, including banking, financial services, insurance, travel, transportation, logistics, hospitality, healthcare, life sciences, manufacturing, and consumer products.

Hexaware offers a comprehensive suite of services designed to address diverse business needs. These include: Application Services, Cloud Services, Data & AI, Digital IT Operations, Digital & Software and Enterprise Platform Services. The company operates in over 54 offices worldwide, employing approximately 32,000 professionals. The company's global reach enables it to deliver services to clients across various regions, including North America, Europe, and Asia.