IPO 2025 · IT services
Hexaware Technologies IPO: issue price, listing date and listing gain
Priced at 708 rupees, listed about 5.3% above its 708 rupee issue price on 19 February 2025. The verified listing record and the desk read.
The listing record
Hexaware Technologies priced its IPO at 708 rupees per share and listed about 5.3% above its 708 rupee issue price on 19 February 2025, raising about 8,750 crore rupees. BazaarBaazi scores the debut at an IPO Scorecard of 57/100 (a orderly listing). It is editorial framing, not investment advice.
BazaarBaaziSource & method
The offer
Hexaware Technologies raised 8,750 crore rupees at an issue price of 708 rupees per share in February 2025, making it the largest initial public offering ever by an Indian IT services company. It was a pure offer for sale, meaning the proceeds went to the selling shareholders (the promoter CA Magnum Holdings, a Carlyle Group entity) rather than to the company itself.
Hexaware operates across digital and software solutions, data and analytics, cloud, enterprise platforms, and AI-powered services. Its proprietary platforms, including RapidX, Tensai, and Amaze, give it a differentiated pitch in a field where global IT services firms often look interchangeable to a casual observer. The company serves clients across financial services, healthcare, manufacturing, and retail verticals with a model built on scale and automation.
The subscription was modest relative to headline IPOs, with the issue covered 2.66 times overall. That is respectable for an 8,750 crore offer that left little room for listing-day speculation at its pricing.
The listing and the read
Hexaware debuted on 19 February 2025. On NSE it listed at 745.50 rupees, 5.30 percent above the 708 rupee issue price, and closed the day at 762.55 rupees, 7.70 percent above it, according to NSE's bhavcopy for that day. For an 8,750 crore offer that was a pure offer for sale, this was an orderly, fundamentals-driven debut, not a scarcity-driven pop. The market was pricing a large, known IT business on its numbers.
The BazaarBaazi read on the largest Indian IT-services IPO: IT services companies list on earnings visibility, revenue growth, and margin trajectory, not on a scarcity premium. A single-digit listing pop on a Carlyle-backed global services firm, without the artificial scarcity of a smaller float, was an orderly debut. The muted subscription (not a 100x frenzy) tells you the institutions that matter priced it on their own numbers, not on a listing-day lottery. The months after were harder: NSE's bhavcopy shows a close of 496.70 rupees on 25 September 2026, below the 708 rupee issue price. Editorial framing, not investment advice.
The verified record
The hard, cross-checked facts of the listing.
Listing-day figures are verified against public IPO records. Post-listing prices move daily and are not shown here; this page is the durable record of how Hexaware Technologies came to market, not a live quote.
FAQ4 reader questions · AEO-eligible
Common questions on the Hexaware Technologies IPO.
What was the Hexaware Technologies IPO issue price?
Hexaware Technologies priced its IPO at 708 rupees per share and raised 8,750 crore rupees, making it the largest IPO ever by an Indian IT services company.
How did Hexaware Technologies list?
Hexaware listed on NSE on 19 February 2025 at 745.50 rupees, 5.30 percent above its 708 rupee issue price, and closed its first day at 762.55 rupees, according to NSE's bhavcopy. It was a measured debut for the largest Indian IT-services IPO by size.
Who owned Hexaware before the IPO?
Hexaware was controlled by CA Magnum Holdings, a Carlyle Group entity. The IPO was a pure offer for sale: the proceeds went to the promoter, and the company raised no fresh capital.
Why did Hexaware subscribe only 2.66 times?
At 8,750 crore rupees, the offer was too large for retail-driven frenzy. Institutional investors set the tone, and a 2.66x subscription on a mega IT-services issue at a realistic price is a healthy, not a weak, outcome.
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