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Hexaware Technologies, backed by Carlyle, has launched its initial public offering (IPO) with a target of raising Rs 8,750 crore, marking the largest IT services listing since Tata Consultancy Services raised Rs 4,700 crore nearly 20 years ago. However, the IPO has received a muted response, with only around 15% of the issue subscribed as of the final day of the bidding period. The company aims to become India’s first billion-dollar float this year, but investor interest appears to be lacking, raising concerns about the offering's success.
Hexaware's IPO, which may be India’s first billion-dollar float this year, is struggling to lock in investors with just around 15% of the issue subscribed up until the final day of the bidding period https://t.co/JZM9LrpOE3
Hexaware’s second coming: an IPO that’s more exit than entry. Its Rs 8,750 crore IPO—the biggest IT services listing since Tata Consultancy Services raised Rs 4,700 crore nearly 20 years ago—is a matter of cheer as well as caution argues @anandg_kalyang https://t.co/21W1B5t8Qg https://t.co/LBZScPFew4
#MarketsWithBS | #HexawareTechnologies IPO, which opened on Wednesday, receives a muted response on day 2. Check subscription data, GMP, listing date here #IPOAlert #IPO https://t.co/U2ivHtv7Eb
