According to the company, the investors' response for the IPO has been exceptional and the bids from a number of high quality institutional investors were received. In addition, HCLT said that it received almost cent per cent response from the investors who were approached during the road shows for the IPO. Commenting on the response to the issue, vice-chairman, HCL Technologies, Vineet Nayyar, said that the success of the issue is actually world'srecognision of the Indian IT sector and also points towards the resurgence of the Indian equity market. In addition, Nayyar said that ``the success of the offering demonstrates the investors' confidence in the fundamental strengths of HCL Technologies and in the company's future prospects in the global IT sector.''

During the book building process, the trading terminals of the two leading bourses of the country, the BSE and the NSE, spread over 11 cities, were used. A total of 237 brokers with 619 terminals took part in the process.According to the IPO prospectus, the fixed price portion for 14,20,000 shares is scheduled to open on December 10 and would close on December 14.

One of the main objectives of the company's current issue is to raise funds for acquisitions and upon listing, to make future acquisitions using shares as currency for further acquisitions. Among the other objectives are to raise resources for meeting the working capital requirements of the company, to raise capital for the company'songoing capital expenditure programmes and also to list the shares of the company to impart liquidity to the Employees Stock Option Programme. The company's shares are scheduled to be listed on the stocks exchanges at Mumbai, Delhi and the National Stock Exchange.