Hexaware Tech saw muted bidding on day 2 of the subscription on Thursday. The Rs 8,750-crore Initial Public Offering (IPO) of Hexaware Technologies will conclude on February 14.
The initial public offer of private equity major Carlyle Group-backed Hexaware Technologies Ltd received 15 percent subscription on the second day of bidding on Thursday, so far.
The quota for Qualified Institutional Buyers (QIBs) garnered 39 percent subscription while Retail Individual Investors (RIIs) part got subscribed 6 percent. The portion for non-institutional investors received 3 percent subscription.
Hexaware Technologies IPO GMP
According to market observers tracking the grey market premium activities, the shares of Hexaware Tech are commanding a flat GMP in the unregulated market, according to Investorgain.
Earlier, the company raised Rs 2,598 crore from anchor investors ahead of its initial public offering (IPO). The company has set a price band of Rs 674 - 708 per share for the issue, valuing it at over Rs 43,000 crore at the upper end.
Hexaware Technologies IPO is the largest in India's IT services sector since Tata Consultancy Services' Rs 4,700 crore offering more than two decades ago. The company is a global digital and technology services firm.
The company’s shares are expected to be listed on stock exchanges on February 19, while the allotment of shares is likely to be announced on February 17.
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