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Hexaware Technologies: Hexaware Technologies shares get listed at 5.29% premium!

Hexaware Technologies had a steady market debut on February 19, listing at ₹745.50 on NSE, a 5.29% premium to its ₹708 issue price, and at ₹731 on BSE, gaining 3.25%.
Hexaware Technologies debuts at premium; NSE ₹745.50, BSE ₹731 after ₹8,750 crore IPO subscription.
Hexaware Technologies debuts at premium; NSE ₹745.50, BSE ₹731 after ₹8,750 crore IPO subscription.

Hexaware Technologies marked its market return with a strong IPO debut. On February 19, it listed at ₹745.50 on NSE, a 5.29% premium, and ₹731 on BSE, up 3.25%. The ₹8,750 crore IPO was open from February 12-14.

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Also Read: Transformer stock jumps 3% after it receives order worth ₹166 Cr for supply of single phase coupling transformer

Hexaware Technologies’ IPO saw lukewarm demand, with an overall subscription of 2.79 times. It received bids for 24.28 crore shares against 8.7 crore on offer. While QIBs subscribed 9.55 times, retail, NII, and employee categories saw lower interest at 11%, 21%, and 33%, respectively.

Hexaware Technologies Limited, founded in 1992, is a global digital and technology services provider leveraging artificial intelligence for innovative solutions. With major offshore delivery centers in India and Sri Lanka, the company plans to expand into Tier 2 cities, including Ahmedabad, to strengthen its AI-driven capabilities.

Also Read: Solar pump stock jumps after receiving order for 2000 solar pumps from MSEDCL

The objective of Hexaware Technologies IPO is to provide an exit for existing investors through an offer for sale (OFS). The proceeds will not go to the company but will help promoters and shareholders monetize their holdings while enhancing market visibility.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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