The company raised Rs 8750.00 crore from IPO
Hexaware Technologies IPO: IPO of Hexavier Technology was listed in the stock market today. On the National Stock Exchange (NSE), the company’s shares were listed at a price of Rs 745.50 with a premium of Rs 37.50 (5.30 percent). While the company’s shares on BSE were listed at a price of Rs 731 with a premium of Rs 23 (3.25 percent). Let us tell you that the company had allotted each stock with a face value of Rs 1 under its IPO. The IPO was opened on Wednesday, February 12 and closed on Friday, 14 February.
The company raised Rs 8750.00 crore from IPO
Hexavier technology has raised a total of Rs 8750.00 crore from its IPO. This IPO was fully OFS based, with a total of 12,35,87,570 shares. There was no part of the fresh share in it. Retail investors were allotted 21 shares in a lot at a price of Rs 708, for which investors were to invest at least Rs 14,868. Eligible investors were allotted shares on Monday, 17 February and shares were also transferred to their demat account on Tuesday, 18 February. Let us tell you that it was a mainboard IPO.
Currently, the company’s share is trading with an edge
Its subscription status was quite worrying in the first two days. However, on the last day it was not only completely subscribed but its total subscription increased to 2.66 times. In which the investors of the QIB category played the biggest role. The QIB category investors subscribed to 9.09 times for this IPO. While retail investors did not give a price to this IPO. Retail investors subscribed to it at the least 0.11 times. By 10.43 am today, the company’s shares were trading at Rs 761.85 with a gain of Rs 16.35 (2.19%) from their listing price on NSE.
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