Hexaware Technologies’ stock closed nearly 7% above its IPO price on the first trading day.
Hexaware Technologies IPO Listing & Share Price Updates:
Hexaware Technologies made a strong debut in the stock market, listing at a premium over its IPO price. The company’s shares were listed on the NSE at ₹745.50, reflecting a 5% gain from the issue price of ₹708. On the BSE, the stock opened slightly lower at ₹731, a 3.14% premium.
Hexaware Technologies is a leading IT services firm specializing in digital transformation, artificial intelligence, and cloud solutions. Founded in 1992, the company has expanded its presence globally, operating 39 delivery centers across multiple countries. It serves key industries such as financial services, healthcare, manufacturing, and travel.
The company offers a suite of AI-driven platforms designed to accelerate business transformation. These include RapidX for digital innovation, Tensai for intelligent automation, and Amaze for cloud migration and adoption. Hexaware’s core services focus on optimizing IT operations, enhancing data-driven insights, integrating cloud solutions, and leveraging Generative AI for business process improvements.
The IPO, valued at approximately ₹8,750 crore, was an Offer for Sale (OFS) by its promoter, CA Magnum Holdings (a Carlyle Group affiliate). Despite modest retail investor participation, the issue saw strong demand from institutional investors, with the Qualified Institutional Buyers (QIB) category subscribing 9.09 times.
This IPO is one of the largest in the Indian IT services sector and the biggest global tech services listing in over a decade. Market analysts are closely watching Hexaware’s post-listing performance, particularly how it capitalizes on AI-driven growth opportunities.
Investors and analysts can track real-time updates on Hexaware’s share price movements and market performance as the stock continues trading.
