Hexaware Technologies IPO Allotment Status Finalised on February 17; Shares to Be Credited Today.
The much-anticipated Hexaware Technologies IPO, which opened for subscription between February 12, 2025 and February 14, 2025, has now reached an important milestone. The IPO allotment status was officially finalized on February 17, 2025, bringing clarity to investors eagerly awaiting their allotments. For those who successfully bid, the allotted shares will be credited to demat accounts today, February 18, 2025. If you weren’t fortunate enough to receive an allotment, you can expect a refund on the same day. Furthermore, Hexaware Technologies is all set to debut on the BSE and NSE on February 19, 2025, marking the company’s entry into the stock market.
Hexaware Technologies IPO Details
The Hexaware Technologies IPO was a book-built issue, raising a substantial ₹8,750.00 crores. This issue was entirely an Offer for Sale (OFS), where the company offered 12.36 crore shares to the public. Investors had the opportunity to subscribe to the IPO within a price band of ₹708 per share, with a minimum application lot size of 21 shares, which required retail investors to invest at least ₹14,154.The IPO generated significant interest, particularly from institutional investors, reflecting confidence in the company’s future growth. As per the subscription data, the Hexaware Technologies IPO was subscribed a total of 2.79 times by the end of the subscription period on February 14, 2025. Here’s a breakdown of the subscription status
Retail Category (RIIs): The retail category saw a subscription of just 0.11 times.
Qualified Institutional Buyers (QIBs): The QIB category was significantly oversubscribed, with 9.55 times the number of shares being requested.
Non-Institutional Investors (NIIs): This category had a subscription of 0.21 times.
With the Hexaware Technologies IPO now finalized and shares set to be credited today, February 18, 2025, the next exciting step will be the listing on the BSE and NSE on February 19, 2025. This marks a new chapter for the company and its investors. While the subscription data shows a strong interest from institutional investors, retail investors are eagerly anticipating the stock’s market debut. The Hexaware Technologies IPO has certainly attracted a lot of attention, and the debut performance will be closely watched by market participants.
