Hexaware Technologies IPO booked 2.66 times on Day 3, shares allotment on Monday; here’s how to check status online

Hexaware Technologies IPO was fully subscribed on the final day of bidding on Friday, February 14. The mainboard IPO was booked more than 2.5 times, led by the Qualified Institutional Buyers (QIBs).

The ₹8,750-crore public offer, which is the largest IPO of an IT company since the ₹4,700-crore issue of TCS two-decades ago, saw a lukewarm response in the first two days of bidding. The IPO opened for bidding on February 12.

The IPO attracted bids for over 24.28 crore shares against 9.14 crore shares on offer, leading to an overall subscription of nearly 2.66 times, as per the NSE data till 5:00 pm.

The Qualified Institutional Buyers (QIBs) placed bids for over 23.36 crore shares against 2.57 crore shares reserved for them. The QIBs booked their quota 9.09 times. The Non-Institutional Investors (NIIs) applied for over 39.48 lakh shares against the allocation of nearly 1.93 crore shares, leading to a subscription of only 20% in the category.

The retail portion of the IPO was booked only 11% as the investors applied for 47.63 lakh shares against 4.49 crore shares set aside for them.

The employees’ quota was subscribed 32% with applications for 4.70 lakh shares against the allocation of 14.82 lakh shares. The IT services company is expected to announce the share allotment status on Monday, February 17, following the successful subscription.

The IPO investors can check the allotment status on the websites of issue registrar, Kfin Technologies. The investors can also check the IPO allotment status on the NSE and BSE.

How to check Hexaware Technologies IPO share allotment status on Kfin Technologies website

• Visit KfinTechnologies Ltd’s official website: https://www.kfintech.com
• Go to the Products link on the main menu
• Click on IPO allotment status
• Choose any of the links from the 5 options
• Click on the Select Company dropdown list and select Hexaware Technologies Limited
• Enter the application number, PAN, or client ID
• Enter the captcha code
• Click Submit

Steps to check Hexaware Technologies IPO allotment status on NSE

• Open NSE allotment page https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select Equity & SME IPO bid details
• Select Hexaware Technologies Ltd under symbol ‘HEXT’
• Verify PAN and Enter the IPO application Number
• Submit to check the details

Similarly, IPO allotment status details can be checked on the BSE by using the application number and PAN details.

The company is expected to issue refunds and credit shares to the Demat accounts of successful investors on Tuesday, February 18.

Hexaware Technologies IPO details

• Hexaware Technologies is an entirely Offer for Sale of 12.36 crore shares
• The company has fixed price band at ₹674 to ₹708 per share
• The lot size is 21 shares, requiring a minimum investment of ₹14,868 for retail investors
• IPO share allotment is likely on February 17
• Hexaware Technologies Ltd shares are expected to be listed on the BSE and NSE on February 19

Hexaware Technologies is a global digital and technology services firm. The company offers AI-powered innovative solutions to customers to help in digital transformation and subsequent operations.

The company has incorporated Artificial Intelligence in every aspect of its solutions and has developed a suite of platforms and tools to allow customers to adapt, innovate and optimise in this AI-first era.

The company has customers in the Americas, Europe and Asia-Pacific (including India and Middle East). Its customers include 31 of the Fortune 500 companies.

As the Hexaware Initial Public Offering is an entirely OFS issue, all the proceeds will go to selling shareholders.

Hexaware Technologies Financials

Hexware reported a revenue from operations of ₹8,820 crore for the January-September period of 2024. Its net profit stood at ₹853.3 crore in the nine months ended September 30, 2024. The company follows the January-December cycle for financial reporting.

Hexaware Technologies had posted a revenue of ₹10,380.3 crore in 2023 financial year compared to ₹9,199.6 crore in the 2022 financial year. Its profit after tax (PAT) rose to ₹997.6 crore in FY 2023 compared to ₹884.2 crore in FY 2022.

Hexaware Technologies key performance indicators