India's Hexaware Technologies jumps nearly 10% in debut trade

Hexaware Technologies

19/02/2025 05:03

** Indian IT exporter Hexaware Technologies  HEXW.NS  climbs
9.5% on its first day of trading
    ** Stock opened at 745.5 rupees, 5.3% higher than IPO price
of 708 rupees 
    ** Its $1 bln IPO was subscribed by 2.66 times; portion set
aside for institutional investors subscribed 9.09 times
    ** Anchor investors bought shares worth 25.98 bln rupees 
($299 mln) ahead of bids on February 11 
    ** IPO consisted of existing shareholder CA Magnum Holdings,
affiliate of Carlyle Group  CG.O , offloading 87.5 bln rupees
worth shares
    ** Public offering did not include fresh issue of shares 
    ** At current levels, stock valued at 470.36 billion rupees
($5.41 billion) vs target valuation of $4.96 billion





($1 = 86.9040 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))