Hexaware Technologies IPO listing today. What GMP signals ahead of debut?
Hexaware Technologies shares are set to make a debut on the NSE and BSE platforms on Wednesday. However, the grey market premium (GMP), ahead of the listing, has vanished to stand at 0%.
Thus, the GMP indicates subdued demand and cautious sentiment among investors as the absence of any premium highlights the uncertainty surrounding the stock's performance post-listing.
However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly.
The GMP only serves as an indicator of demand for a company’s shares. A higher GMP reflects strong investor interest in the IPO, while a low or negative GMP suggests subdued demand.
The IPO of Hexaware Technologies witnessed a decent response with the overall subscription reaching 2.66 times at the end of the bidding process.
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