India's IPO market has been running hot over the past year. The National Stock Exchange said it hosted 268 IPOs in 2024, an annual record for the exchange. The IPOs raised about $19.5 billion, topping those raised via Nasdaq, the New York Stock Exchange and the Hong Kong Stock Exchange, the NSE said.

(Reuters) - Shares of Hexaware Technologies rose as much as 10% in their market debut on Wednesday in a better-than-expected listing, after its $1 billion initial public offering drew interest only from institutional buyers. The stock listed at 745.50 ...

Shares of Hexaware Technologies rose 5% in their market debut on Wednesday, after its $1 billion initial public offering which saw institutional buyers rush in as retail investors held back. (Reporting by Nandan Mandayam in Bengaluru;

By Nandan Mandayam and Kane Wu (Reuters) -Shares of Carlyle-backed Hexaware Technologies rose as much as 10% in their debut on Wednesday, indicating rising retail interest in India's first billion-dollar IPO that struggled to achieve full subscription without an outsized help from large institutions.

There was a palpable buzz at Hexaware's offices today as the company returned to the public markets with a total issue size of $1Bn, marking the largest-ever IPO by an IT services firm in India. The occasion was celebrated by Hexaware's top executives and advisors,