Latest news with #HexawareTechnologiesLtd
Time of India
29-04-2025
- Business
- Time of India
India ranks among top IPO markets with $2.8 billion raised in Q1 2025: EY Report
Live Events India's Initial Public Offering (IPO) market continues to demonstrate resilience, securing a 22% share of global IPO activity in the first quarter of 2025, according to the Q1 2025 IPO Trends Report by EY With 62 IPOs raising a total of $2.8 billion, India remains a leading destination for companies seeking to go public, even amidst a backdrop of global market per the EY report, the largest IPO during this period was by Hexaware Technologies Ltd. , which successfully raised USD 1.0 billion, highlighting the ongoing demand for technology-related offerings in the Indian the overall IPO activity in India saw a decline of approximately 20% compared to the previous year, reflecting a cautious investor sentiment as the BSE SENSEX index experienced a slight decrease of 1.1 %Prashant Singhal, Partner and Markets Leader, EY India, stated, "While the impressive IPO proceeds in Q1 2025 highlight the strength of India's capital markets, the record-breaking Mergers and Acquisitions (M&A) market further demonstrates its maturity. Q1 2025 saw all-time high M&A deal volumes with transactions valued at billions of dollars, reflecting strong investor confidence and strategic investments.""This M&A surge, driven by domestic activity and international interest, complements the IPO market, showcasing a healthy and dynamic Indian financial landscape. We anticipate continued momentum in both public and private markets as companies pursue growth," he to the report India secured a 22% share of global IPO activity in the first quarter of 2025, with 62 IPOs raised $2.8 billion, showcasing continued interest from EY report highlights that the IPO landscape in India remains diverse, with significant activity across sectors such as Industrials, Real Estate, Hospitality & Construction, and Health & Life health sector, in particular, recorded notable growth, with a substantial increase in the IPO pipeline. Despite the mixed performance in completed listings, the strong fundamentals of many companies are expected to attract investor dynamic stock market, coupled with favourable economic indicators, continues to bolster investor confidence. The growing participation of retail investors is evident, as the market adapts to shifting dynamics and investor Ranka, Partner and Financial Accounting Advisory Services Leader, Indian member firm of EY Global, commented, "India's IPO market continues to be a beacon of resilience and growth. The strong performance in Q1 2025, despite global uncertainties, highlights the robust fundamentals and investor confidence in our market. We are optimistic that this momentum will carry forward, driven by supportive policies and a dynamic economic environment."The EY report further states that the outlook for India's IPO market in 2025 appears promising, with a healthy pipeline of companies preparing to enter the resilience shown in Q1 2025 sets a positive tone for the remainder of the year, as companies continue to adapt to the evolving market landscape.
Bloomberg
19-02-2025
- Business
- Bloomberg
Indian Electronics Manufacturing Companies Slump In Ongoing Market Rout
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Savio Shetty, an equities reporter in Mumbai. Nifty futures point to a muted start, as most Asian markets trade lower this morning on President Trump's latest tariff threats. Foreign investors snapped up Indian shares worth 48 billion rupees on Tuesday and bulls are hoping for this trend to persist. Meanwhile, Hexaware Technologies Ltd. will begin trading today, marking the country's first billion-dollar IPO this year.
Bloomberg
14-02-2025
- Business
- Bloomberg
Hexaware's $1 Billion India IPO Gets Enough Bids to Go Ahead
Hexaware Technologies Ltd. 's initial public offering, India's first billion-dollar float this year, got enough bids on the final day of share subscriptions for the deal to go ahead after a late surge in orders from large institutions. The offering, which is raising funds for the owner Carlyle Group Inc., drew bids that were about 77% more than the number of available shares as of 2:25 p.m. in Mumbai, according to BSE Ltd.'s website. Carlyle holds 95% stake in the Indian software-services company, and aims to raise as much as 87.5 billion rupees ($1 billion).
