Hexaware Tech IPO gets subscribed

New Delhi: The initial public offer of Hexaware Technologies Ltd got fully subscribed on the last day of bidding, ending the day with 2.66 times subscription, on institutional buyers support.

The three-day Rs8,750-crore initial share sale received bids for 24,28,44,315 shares against 9,14,23,354 shares on offer, according to data available with the NSE. The portion for Qualified Institutional Buyers (QIBs) fetched 9.09 times subscription. Non-Institutional Investors part received 20 per cent subscription while the quota for Retail Individual Investors (RIIs) got subscribed 11 per cent. Hexaware Technologies Ltd has mopped up Rs2,598 crore from anchor investors.