Hexaware Technologies Shares Debut After ₹8,750 Crore IPO

Hexaware Technologies Ltd made its stock market debut following a successful initial public offering (IPO) that received a 2.66 times oversubscription. The IPO, which raised ₹8,750 crore, was priced at ₹708 per share, the upper end of its range, primarily attracting institutional investors. Despite the strong demand during the subscription period, analysts anticipate a muted opening due to overall market weakness, with the grey market premium disappearing before the listing. Experts suggest that while immediate performance may be lackluster, investors should consider a long-term perspective given Hexaware's growth potential in AI-driven services. The firm, which specializes in digital transformation and technology services, is viewed positively for its scalability and financial outlook. Investors are advised to hold onto their shares for potential long-term gains.