A grand beginning for Hexaware as it enters the stock market with a bang!
- ByAakriti Garg
- 19 Feb, 2025
- 0 Comments
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In a move that has captured the attention of investors and market watchers alike, Hexaware Technologies has made a notable entrance into the stock market. On February 19, 2025, the company's shares debuted on the Bombay Stock Exchange (BSE) at ₹731 per share, reflecting a 3.25% premium over the issue price of ₹708.
This initial public offering (IPO) has been particularly significant, as it represents the largest ever by an Indian IT services company, raising a staggering ₹8,750 crore.
The strong demand during the subscription period, which saw the issue being oversubscribed by 2.66 times, set the stage for this impressive market debut.
Following the listing, Hexaware's stock experienced an upward trajectory, trading at ₹758, a 7.06% increase from its issue price. The day's trading witnessed the stock reaching an intraday high of ₹761.25 and a low of ₹724.40, with a substantial volume of 5.06 lakh shares changing hands.
Hexaware Technologies, backed by the Carlyle Group, has established itself as a global leader in digital and technology services, leveraging artificial intelligence at its core.
Serving a diverse clientele, including 31 Fortune 500 companies across the Americas, Europe, and the Asia-Pacific region, the company's successful listing underscores robust investor confidence and positions it well for future growth in the digital transformation and AI-driven technology sectors.
As the trading day concluded, Hexaware's market capitalization stood at an impressive ₹45,303.64 crore, reflecting the market's positive reception and the company's strong fundamentals.
This remarkable debut not only highlights Hexaware's strategic market positioning but also signals a promising trajectory for stakeholders and the broader technology industry.
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