Hexaware Technologies made its stock market debut today, February 19, 2025, listing at ₹745.5 on the National Stock Exchange (NSE), up 5.29% above its issue price. On the Bombay Stock Exchange (BSE), the stock opened at ₹731, marking a 3.25% gain. The IPO was priced at ₹708 per share. IPO Subscription Details The IPO was open for bidding from February 12 to February 14 and was subscribed a total of 2.79 times. The Qualified Institutional Buyers (QIB) category saw the highest demand with a 9.55 times subscription, while the Non-Institutional Investors (NII) segment was subscribed 0.21 times. The retail category had the lowest participation, with a 0.11 times subscription. IPO Size Structure Hexaware Technologies’ IPO was valued at ₹8,750 crore, consisting entirely of an Offer for Sale (OFS) by existing investors. The company did not issue any fresh shares in this offering. Retail Investor Participation Retail investors could bid at the upper price band of ₹708 per share. The minimum investment required was for one lot, consisting of 23 shares, amounting to ₹14,868. Investors could apply for up to 13 lots (273 shares), which required a total investment of ₹1,93,284. Share Allocation The company allocated 50% of the IPO to Qualified Institutional Buyers (QIBs), 35% to retail investors, and 15% to Non-Institutional Investors (NIIs). About Hexaware Technologies Hexaware Technologies is a global technology and business process services company with 61 offices across more than 19 countries. The company employs 31,000 professionals and serves over 370 clients worldwide. According to its website, Hexaware generates annual revenue of $1.3 billion, with Artificial Intelligence (AI) as its core focus. Hexaware Technologies Limited IPO Company records profit of ₹853 crore in FY2024 Source: chittorgarh.com