Hexaware Technologies IPO GMP Day 1 Live Updates: ₹8,750-Cr Issue Kicks Off

IPO news live: Dramatic scaling in India markets encouraging IPO listing, said Hexaware Technologies

The IPO comprises an Offer For Sale of equity shares aggregating up to ₹8,750 crore, the Price Band has been fixed from ₹674 to ₹708 per Equity Share.

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IPO news live: Hexaware Technologies expensive valuation wears it down

Despite a solid business track-record, Hexaware’s IPO pricing leaves investors with no margin of safety given the slow industry growth and uncertainties linked to-AI related disruptions.

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IPO news live: Opens at ₹674-708 price band

Company raised ₹2,598 crore from anchor investors.

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IPO news live: Hexaware IPO opens at 10 AM; anchor investor details released

The IPO of Hexaware Technologies will open for subscription at 10 AM today. Ahead of the issue, the company has already raised ₹2,598 crore from anchor investors at ₹708 per share. Leading mutual funds such as SBI MF, HDFC MF, ICICI Prudential MF, and Kotak Mahindra MF participated in the anchor round. Out of the 3.66 crore equity shares allotted to anchor investors, 35.85% were allocated to domestic mutual funds through 34 schemes.