Reported 27 days ago
Hexaware Technologies' $1 billion IPO in India was fully subscribed at the last moment, primarily by institutional buyers as the broader market faced challenges. Despite the downturn, the IPO attracted 2.7 times demand, mainly from qualified institutional investors, while retail participation remained low. The offering comes during a period of declining stock prices and concerns over corporate earnings, indicating a cautious sentiment towards new IPOs.
Source: YAHOO