On February 12, 2025, Hexaware Technologies will launch its initial public offering, marking the company's return to the stock market. The only component of the ₹8,750 crore IPO is an offer for sale of 123.6 million equity shares. The price range set is between ₹674 and ₹708 per share. The grey market premium has suggested a muted listing before the IPO debut. This article explains the Hexaware Technologies IPO in detail, including important dates, the GMP patterns and other things to consider before investing.
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What is Grey Market Premium?
The price at which initial public offering shares are exchanged in the black market before they are listed on stock exchanges is known as the grey market premium. It reflects the potential listing gains and shows the price that investors are willing to pay for shares before the formal listing. While a negative GMP predicts a potential discount, a positive GMP means that the IPO may list at a premium. However, due to its extreme volatility, GMP should not be the only factor to be considered while making investment decisions.
Hexaware Technologies IPO GMP
The grey market price of Hexaware Technologies shares on February 7, 2025, was ₹727 per share, which is ₹19 or 2.68% higher than the upper price limit of ₹708. As per more current data, the latest GMP was ₹11 on February 9, 2025. The muted movement in the GMP indicates a flat listing. However, the GMP of the Hexaware Technologies IPO has not started yet.
Hexaware Technologies IPO Details
IPO Open Date: February 12, 2025
IPO Close Date: February 14, 2025
Face Value: ₹1 per equity share
IPO Price Band: ₹674 to ₹708 per share
Issue Size: ₹8,750 crore
Offer for Sale: 123.6 million equity shares
Listing: BSE & NSE
Retail Quota: Not more than 35%
Hexaware Technologies: Company Profile
Founded in 1990, Hexaware Technologies is a business and IT solutions provider. It operates 16 offices and 38 delivery locations across the US, Europe, and the Asia-Pacific region. With a workforce of 31,870 experts and a significant presence in 28 countries, Hexaware provides services to a variety of businesses, including 31 Fortune 500 companies.
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