Today’s IPO GMP for Hexaware Technologies is +1.the share price of Hexaware Technologies at the IPO was selling at a premium of ₹1 on the grey market.
On Friday, February 14, the last day of bidding, Hexaware Technologies’ initial public offering (IPO) was completely subscribed. Due mainly to Qualified Institutional Buyers (QIBs), the mainboard offering was oversubscribed by more than 2.5 times.
During the first two days of bidding, the ₹8,750-crore public offering, the biggest IPO by an IT company since TCS’s ₹4,700-crore offering twenty years ago, was met with a lackluster response. The IPO’s opening day was February 12.
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The IPO attracted bids for over 24.28 crore shares, well exceeding the 9.14 crore shares offered, according to NSE data as of 5:00 p.m. As a result, the total number of subscriptions was about 2.66 times.
Qualified Institutional Buyers (QIBs) oversubscribed their share by 9.09 times, bidding for approximately 23.36 crore shares, compared to the 2.57 crore shares allotted to them. The subscription rate for Non-Institutional Investors (NIIs) was only 20% as they placed bids for more than 39.48 lakh shares out of the over 1.93 crore shares that were set aside for them.
Hexaware Technologies’ IPO GMP
Hexaware Technologies’ IPO GMP as of right now is +1. At the time of the IPO, Hexaware Technologies’ shares trading on the grey market for ₹1.
the IPO pricing range and the current premium on the grey market, the anticipated listing price of Hexaware Technologies’ IPO shares is ₹709 per share, which is 0.14% higher than the IPO price of ₹708.
the GMP ranges from ₹1 to ₹19.
Investors’ willingness to pay more than the issue price is shown by the “grey market premium.”
How can I see the allocation status for the initial public offering (IPO) of Hexaware Technologies?
Investors can check the status of their allocation on Kfin Technologies’ websites. Investors can also view the IPO allocation status for the BSE and NSE.