Posted on February 10, 2025, by Niftynews
The Hexaware Technologies IPO, backed by Carlyle, is set to open on February 12, 2025, and close on February 14, 2025. The IPO, priced between ₹674 to ₹708 per equity share, has generated substantial buzz. As investors eagerly await the public offering, understanding the Hexaware Technologies IPO GMP (Grey Market Premium) provides insight into market sentiments before the official launch.
Hexaware Technologies IPO GMP Today
The Hexaware Technologies IPO GMP has been recorded at +8 today, indicating the stock is trading at a premium of ₹8 in the grey market. This suggests that the market is anticipating the Hexaware Technologies share price to list higher than the IPO price, which, based on current grey market trends, could be ₹716 per share, a 1.13% rise from the upper price band of ₹708.
Grey market trends have shown fluctuating premiums over the last few sessions. The highest GMP recorded has been ₹19, while the lowest GMP has been ₹8. Despite the fluctuating trend, today’s lower GMP suggests the market sentiment could be cooling down ahead of the IPO’s official opening.
IPO Overview: Hexaware Technologies
Hexaware Technologies, a leading global IT services provider, specializes in delivering cutting-edge digital transformation solutions, including artificial intelligence (AI) and cloud services. The company serves industries like financial services, healthcare, insurance, manufacturing, consumer, hi-tech, professional services, and travel and transportation.
Hexaware Technologies IPO is an offer-for-sale (OFS), with the promoter Carlyle’s CA Magnum Holdings offering ₹8,750 crore worth of shares. This IPO will allow qualified institutional buyers (QIBs) to subscribe to 50% of the total offer, non-institutional investors (NIIs) to get 15%, and retail investors will be allocated 35% of the shares. Additionally, employees of Hexaware Technologies have been offered a ₹67 discount per share.
How Grey Market Premium Works and What It Indicates
The Grey Market Premium (GMP) is an unofficial market where shares are traded before the IPO is listed on the stock exchanges. It reflects the demand for the IPO shares before they officially start trading on the BSE and NSE.
- High GMP: A higher premium indicates that the market is optimistic about the stock’s performance and anticipates strong listing gains.
- Low GMP: A lower or declining premium indicates the opposite, suggesting that investor interest might be lukewarm, and the stock may face a subdued listing.
The current low GMP trend suggests a cautious sentiment ahead of the Hexaware Technologies IPO launch, with some experts predicting a downward revision in premium in the coming days. However, the trend could change as more details surface.
Other Key IPO Details
- IPO Open Date: February 12, 2025
- IPO Close Date: February 14, 2025
- Price Band: ₹674 – ₹708 per share
- Lot Size: 21 equity shares and in multiples of 21 thereafter
- Listing Date: February 19, 2025
- Anchor Investor Allocation: February 11, 2025
- Basis of Allotment: February 17, 2025
- Refund Process: February 18, 2025
The Hexaware Technologies IPO is a significant event in the market, and investors are closely watching the grey market trends to gauge potential returns. While the current GMP trends show some cautiousness, the official market opening on February 12 will provide a clearer picture.
Peer Comparison and Valuation
Hexaware Technologies’ price-to-earnings (P/E) ratio is in line with its industry peers. Comparable companies such as Persistent Systems Ltd (P/E of 84x), Coforge Ltd (P/E of 64x), LTIMindtree Ltd (P/E of 38x), and Mphasis Ltd (P/E of 34x) showcase higher P/E ratios, making Hexaware’s IPO attractive for investors looking for value in the technology services sector.
Hexaware Technologies IPO GMP indicates moderate optimism in the market, with potential for growth if investor interest increases. However, fluctuations in GMP in the coming days could impact its final performance.
