Two major IPOs have hit the market this week – Hexaware Technologies and Quality Power Electrical Equipments. One is a major player in the tech sector, while the other a player in the power sector. As both the IPOs are a mainboard issue, let’s take a detailed look at both these issues.
Hexaware Technologies Vs Quality Power IPO: GMP trend
In the grey market, Hexaware Technologies, on its second day of subscription, is trading at a premium of Rs 3, indicating a listing price of Rs 711 per share, just 0.42% higher than the upper price band.
On the other hand, Quality Power IPO shares, ahead of their opening, are trading at a premium of Rs 28 in the grey market, indicating a listing price of Rs 453, up 6.59% over the upper price band.
However, it is to note that GMP is not the actual listing price and may fluctuate based on market sentiment.
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Both a mainboard issue, Hexaware Technologies IPO is a Rs 8,750 crore issue, but the entire amount is an OFS. This means no fresh capital is coming into the company as existing investors are selling their stake.
On the other hand, Quality Power IPO is a Rs 858.70 crore IPO. This includes a fresh issue of Rs 225 crore, which the company will use for growth, and an OFS of Rs 633.70 crore.
Hexaware Technologies Vs Quality Power IPO: IPO dates & listing timeline
Hexaware Technologies IPO opened for bidding on February 12, and will close on February 14. The issue is expected to list on the stock exchanges on February 19.
Quality Power IPO is set to open tomorrow, February 14, and will close on February 18. The expected listing date is February 21.
Both the IPOs will be listed on the Indian bourses – BSE and NSE.
Hexaware Technologies Vs Quality Power IPO: Price band and minimum investment
The price band of Hexaware Technologies IPO is set between the range of Rs 674 to Rs 708 per share. The minimum investment for retail investors is Rs 14,154. On the other hand,
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