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BUZZ-India's Hexaware Tech IPO fully subscribed on final day of bidding

ReutersFeb 14, 2025 8:31 AM

India's Hexaware Technologies HEXW.NS 87.50 billion rupees ($1.01 bln) IPO fully subscribed on day 3 of bidding, exchange data shows

Carlyle Group-backed CG.O IT firm's IPO receives bids worth over 90.31 billion rupees at the upper end of the 674-708 rupees price band

Qualified institutional buyers bid for nearly five times the shares reserved - exchange data

Non-institutional investors and retail subscriptions muted at hardly a tenth of shares on offer - exchange data

HEXW, earlier this month, cut its IPO size to 87.5 billion rupees from 99.5 billion rupees

No new shares will be issued in the IPO, while CA Magnum Holdings - affiliate of Carlyle Group - will sell part of its stake, prospectus shows

($1 = 86.8450 Indian rupees)

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