hexaware technologies ipo allotment

 


As of February 17, 2025, Hexaware Technologies has concluded its Initial Public Offering (IPO) process, with the allotment of shares to investors finalized today. This article provides a comprehensive overview of the IPO details, subscription statistics, allotment procedures, and expected listing information.

IPO Overview

  • Subscription Period: The IPO was open from February 12 to February 14, 2025.

  • Offer Size: Hexaware Technologies aimed to raise ₹8,750 crore through this public issue.

  • Price Band: The shares were offered at a price range of ₹674 to ₹708 per share.

  • Lot Size: Investors could bid in multiples of 21 shares.

Subscription Details

The IPO received a mixed response across different investor categories:

  • Qualified Institutional Buyers (QIBs): This segment showed strong interest, with an oversubscription of 9.09 times the allotted quota.

  • Non-Institutional Investors (NIIs): The response was subdued, with only 0.20 times subscription.

  • Retail Individual Investors (RIIs): This category saw a subscription of 0.11 times, indicating lower participation from retail investors.

Overall, the IPO was subscribed 2.66 times, with bids for 24,28,44,966 shares against the 9,14,23,354 shares on offer.

Allotment Status

Investors can check their allotment status through the following methods:

  1. Registrar's Website (Kfin Technologies Ltd):

    • Visit the Kfin Technologies IPO status page.

    • Select "Hexaware Technologies IPO" from the dropdown menu.

    • Enter your PAN, application number, or Demat account details.

    • Submit the information to view your allotment status.

  2. BSE Website:

    • Go to the BSE IPO allotment page.

    • Select "Equity" under 'Issue Type'.

    • Choose "Hexaware Technologies IPO" from the 'Issue Name' dropdown.

    • Enter your application number or PAN.

    • Click "Search" to view the status.

  3. NSE Website:

    • Visit the NSE IPO allotment page.

    • Register using your PAN by clicking on 'Click here to sign up'.

    • Log in with your credentials.

    • Navigate to the allotment status section to view your details.

Refunds and Share Credit

  • Refunds: For applicants who did not receive an allotment, the refund process will commence on February 18, 2025.

  • Demat Credit: Successful allottees will have their shares credited to their Demat accounts by February 18, 2025.

Listing Information

  • Listing Date: Hexaware Technologies shares are scheduled to debut on the BSE and NSE on February 19, 2025.

  • Grey Market Premium (GMP): As of the latest data, the shares are trading at a marginal premium of ₹1 in the grey market, suggesting a potential listing price of ₹709 per share. However, grey market premiums are unofficial and may not accurately predict actual listing performance.

Company Profile

Hexaware Technologies is a leading IT services firm offering a range of services, including application development, business process outsourcing, and consulting. The funds raised from the IPO are intended for business expansion, debt repayment, and general corporate purposes.

Conclusion

The Hexaware Technologies IPO has garnered significant interest, particularly from institutional investors. As the allotment process concludes and the listing date approaches, investors are advised to monitor official communications for any updates and make informed decisions based on their investment objectives.

*Note: This article is based on information available up to February 17, 2025. For the latest updates, please refer to official sources or consult financial advisors.*

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