Hexaware Technologies IPO Sees Strong Institutional Demand, Fully Subscribed on Final Day

 

Hexaware Technologies' Initial Public Offering (IPO) has closed on a high note, with Qualified Institutional Buyers (QIBs) bidding for nearly 5 times the shares reserved for their category. The IPO was fully subscribed on its third and final day of bidding, according to exchange data. This marks a significant turnaround from the muted response seen in the initial days. The strong institutional demand has helped push the overall subscription rate, despite earlier tepid interest from retail and non-institutional investors. The ₹8,750 crore offer is set for listing on February 19, 2025, on both BSE and NSE.

 

Source: CNBC TV18 and Business Today