Hexaware Technologies officially got listed on the stock market on February 19, witnessing a solid debut with a 5.3% premium over its issue price. The stock opened at ₹745.5 per share on the NSE, while it debuted at ₹731 on the BSE, reflecting a 3.25% gain. This listing pushed the company’s total market valuation to ₹44,422.48 crore.
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Investor Interest Drives Subscription
The ₹8,750-crore IPO garnered significant investor attention, achieving a 2.66x oversubscription during its offering period from February 12-14. The price band for the issue ranged between ₹674 and ₹708 per share. Before the public launch, Hexaware secured ₹2,598 crore from anchor investors, showcasing strong institutional confidence.
One of the Largest IT IPOs in India
Hexaware’s listing is the biggest IPO in India’s IT services sector in over two decades, surpassing most offerings since Tata Consultancy Services’ ₹4,700-crore IPO. At the highest price band, the company reached a valuation exceeding ₹43,000 crore.
Market Capitalization and Growth Potential
Post-listing, Hexaware Technologies cemented its position in the IT sector with a market cap of ₹44,422.48 crore. The demand for its shares highlights strong investor belief in its growth and expansion potential.
Stock Performance and Outlook
Despite a cautious initial response, Hexaware’s listing performance reflected healthy investor enthusiasm. The company is poised for long-term success with a solid financial foundation and future growth opportunities in the IT space.
Hexaware Technologies CEO R Srikrishna says
R. Srikrishna views this as a chance to strengthen stakeholder relationships while upholding transparency, accountability, and a commitment to delivering impactful solutions. “We are excited about the journey ahead,” he remarked.