Hexaware Technologies IPO, one of the upcoming IPOs, allotment status is set for today, Monday, February 17, 2025. You can check the allotment status on the registrar’s website, Kfin Technologies Limited, as well as on the NSE and BSE websites.
Successful bidders can expect the shares to be credited to their demat accounts on Tuesday, February 18, 2025. Those who did not receive an allotment will likely receive refunds on the same day.
The issue was subscribed only 2.66 times overall, with strong demand from qualified institutional buyers (QIBs), whose portion was oversubscribed 9.09 times.
However, the non-institutional investor (NII) portion was subscribed 20%, while retail and employee allocations were at 11% and 32%, respectively.
The IPO of Hexaware Technologies, based in Navi Mumbai, was open for bidding from February 12 to February 14. The company offered shares in the price range of ₹674-708 per share, with a lot size of 21 shares.
A total of ₹8,750 crore was raised through the IPO, which was entirely an offer-for-sale (OFS) of up to 12,35,87,570 equity shares.
Retail investors need to invest a minimum of ₹14,868 for a lot size of 21 shares. Small and Non-Institutional Investors (sNII) are required to apply for 14 lots (294 shares), amounting to ₹2,08,152, while Big Non-Institutional Investors (bNII) must apply for 68 lots (1,428 shares), totalling ₹10,11,024.
The book-running lead managers for the Hexaware Technologies IPO are Kotak Mahindra Capital, Citigroup Global Markets India, JP Morgan India, HSBC Securities & Capital Markets, and IIFL Securities, while Kfin Technologies is the registrar for the issue.
The company’s shares are expected to be listed on both the NSE and BSE, with February 19, Wednesday, as the tentative listing date.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 17, 2025, 2:12 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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