New Delhi, February 19 (HS): Shares of Hexaware Tech, a company providing services related to artificial intelligence, started trading in the domestic stock market today with a 5 percent premium. Under the IPO, the company's shares were issued at a price of Rs 708. Today, the company's shares were listed at Rs 731 on the BSE and at Rs 745 on the NSE. After trading till 11 am, the company's shares were trading at Rs 768.35 with a gain of 8.50 percent on the NSE and at Rs 768.90 with a gain of 8.67 percent on the BSE.

Hexaware Tech's Rs 8,750 crore IPO was open for subscription between February 12 and 14. This IPO received a mixed response from investors, due to which it was subscribed 2.79 times overall. In this, the reserve portion for qualified institutional buyers (QIB) was subscribed 9.55 times. Apart from this, it could not get full subscription in any category. The reserve portion for non-institutional investors (NII) got 0.21 times subscription. Apart from this, the reserve portion for retail investors was subscribed 0.11 times and the reserve portion for employees was subscribed 0.33 times. Under this IPO, 12,35,87,570 shares with a face value of Rs 10 have been sold through the Offer for Sale window.

Hexaware Tech provides AI-related services in Pune, Bangalore, Noida and Chennai as well as Sri Lanka. The company currently plans to expand its work in tier-2 cities and start new centers in Ahmedabad.

Hindusthan Samachar / Jun Sarkar