Hexaware Technologies IPO Allotment Date, GMP Price Status details Here: Hexaware Technologies IPO was open for subscription from February 12 to February 14, with a price band of Rs 674 to 708 per share. On the final day of bidding, the issue was subscribed 2.66 times. The share allotment is set to be finalised today, February 17, and the stock is scheduled to debut on the Indian bourses on February 19.
Hexaware Technologies IPO live Allotment status gmp price listing date highlights
Hexaware Technologies IPO Allotment Today Live: Anchor investors
Prior to the opening of the issue, the company on February 11 raised Rs 2,578 crore through its anchor book. The issue garnered the attention of nearly 96 institutional investors which include major players like SBI Mutual Fund, ICICI Prudential Mutual Fund, and HDFC AMC, along with global investors such as CLSA.
Hexaware Technologies IPO Allotment Today Live: Subscription status
On the final day of bidding (February 14), Hexaware Technologies IPO received an overall subscription of 2.79 times. The retail portion was subscribed 0.11 times.
Furthermore, the QIB portion received a subscription rate of 9.55 times and NII was subscribed 0.21 times
Hexaware Technologies IPO Allotment Today Live: Anchor investor details
Hexaware Technologies IPO has raised Rs 2,598.00 crore from anchor investors, with the anchor bid date set for February 11, 2025. A total of 3,66,94,914 shares are offered to anchor investors. The lock-in period for 50% of the shares will end on March 19, 2025, while the remaining shares will be unlocked on May 18, 2025.
Hexaware Technologies IPO Allotment Today Live: Basic details of Hexaware Technologies IPO
The IPO is open from February 12, 2025, to February 14, 2025, with the listing date yet to be announced. The face value of each share is Rs 1, and the issue price is Rs 708 per share. The lot size is 21 shares, and the total issue size is 12,35,87,570 shares, aggregating up to Rs 8,750 crore. The offer for sale is also 12,35,87,570 shares, totaling Rs 8,750 crore. Employees are eligible for a discount of Rs 67 per share. The issue will be a book-built IPO, with the shares listed on both BSE and NSE. The shareholding pre-issue and post-issue stands at 60,76,94,668 shares.
Hexaware Technologies IPO Allotment Today Live: Tentative Schedule
The IPO opened on February 12, 2025, and closed on February 14, 2025. The tentative allotment date was February 17, 2025, followed by the initiation of refunds and credit of shares to Demat accounts on February 18, 2025. The expected listing date is February 19, 2025. Additionally, the cut-off time for UPI mandate confirmation is 5 PM on February 14, 2025.
Hexaware Technologies IPO Allotment Today Live: Price band and lot size
The Hexaware Technologies IPO set its price band at Rs 708 per share, with a minimum lot size of 21 shares. For retail investors, the minimum investment required was Rs 14,154. For high-net-worth investors (HNIs), the investment requirements were higher. Small Non-Institutional Investors (sNII) had to apply for a minimum of 14 lots (294 shares), translating to Rs 2,08,152. Meanwhile, Big Non-Institutional Investors (bNII) were required to bid for at least 68 lots (1,428 shares), needing an investment of Rs 10,11,024.
Hexaware Technologies IPO Allotment Today Live: Key players of the issue
Hexaware Technologies IPO book-running lead managers include Kotak Mahindra, Citigroup Global Markets, J.P. Morgan India , HSBC Securities & Capital Markets, and IIFL Securities. These investment banks are responsible for managing the IPO process, including pricing, allocation, and investor outreach. Additionally, KFin Technologies has been appointed as the registrar for the issue, handling investor applications, allotments.
Hexaware Technologies IPO Allotment Today Live: Geojit on IPO
"At the upper price band of ₹708, Hexaware is available at a P/E of 43.1x(CY23), which is fairly valued compared to its listed. The government support for outsourced services and India's well-established IT infrastructure, bolstered by strong telecommunications and innovative facilities, improves the company's delivery capabilities. With a consistent financial performance featuring better margins, the company is well-positioned for future success. We recommend subscribing to this issue for long-term investment," said the brokerage firm Geojit in its IPO report.
Hexaware Technologies IPO Allotment Today Live: IPO size and structure
Hexaware Technologies is a book-built issue with a total size of Rs 8,750 crore. The entire offering consists of an Offer for Sale (OFS), where 12.36 crore shares are being offloaded by the existing shareholder. The key seller in this offering is CA Magnum Holdings, an entity controlled by The Carlyle Group, which is reducing its stake in the company through this public issue. Since the IPO is purely an OFS, no fresh capital is being raised by Hexaware Technologies, and the proceeds will go directly to the selling shareholder.
Hexaware Technologies IPO Allotment Today Live: These brokerage firms recommend the subscription of the IPO
Anand Rathi, SBI Securities, Arihant Capital, StoxBox, Ventura Securities, HDFC Securities, Geojit, Canara Bank Securities, Nirmal Bang, and Indsec Securities all recommend subscribing to the IPO. Specifically, SBI Securities, Arihant Capital, Nirmal Bang, and Sushil Finance suggest subscribing for a long-term investment horizon. HDFC Securities has provided a note, while Sushil Finance recommends applying with a long-term focus.
Hexaware Technologies IPO Allotment Today Live: GMP trends
Ahead of its stock market debut, Hexaware Technologies unlisted shares are trading almost flat in the grey market, a slight 1% gain. The shares are priced at Rs 710.5 apiece in unofficial trading.
However, it is important to note that this is not the actual listing price.
Hexaware Technologies IPO Allotment Today Live: Anand Rathi on IPO
"At the upper price band company is valuing at P/E of 43.1x with a market cap of ₹ 430,247 million post issue of equity shares and return on net worth of 22.8%. On the valuation front, we believe that the company is fairly priced. Thus, we recommend a “SUBSCRIBE” rating to the IPO," said the brokerage firm Anand Rathi in its IPO report.
Hexaware Technologies IPO Allotment Today Live: How to check allotment status on Kfin Technologies
Here's how you can check the allotment status through the registrar website, Kfin Technologies
Go to the registrar website: KfinTech.com
From the drop-down menu, click ‘Hexaware Technologies IPO’
Select one of the options: PAN Number, Application Number, or DP ID
Provide with the required details and hit on ‘Search’
Your allotment status will be displayed on the screen
Hexaware Technologies IPO Allotment Today Live: How to check allotment status on NSE
To check the status of your Hexaware Technologies IPO application on the NSE website, follow these steps
Go to the official website of NSE: nseindia.com.
Look for the 'Hexaware Technologies IPO' option in the list and select it.
Enter your application details, such as your PAN, Application Number, or DP ID.
Click on the ‘Search’ button to find out the status of your application.
Hexaware Technologies IPO Allotment Today Live: How to check allotment status on BSE
Hexaware Technologies IPO Allotment Today Live: Allotment
Hexaware Technologies is set to finalise the allotment of its IPO shares today, February 17. Investors who subscribed to the company's debut public offering can check their allotment status online through platforms like the NSE, BSE, and the issue registrar, Kfin Technologies.
"If we attribute CY24 annualized earnings to its post-IPO fully diluted paid-up equity capital, then the asking price is at a P/E of 37.82. Based on FY24 earnings, the P/E stands at 43.12. Thus the issue appears relatively fully priced. However, according to the management, it is having dominance in the first three mega players in the segment and enjoys most preferred partner. It has outperformed most of its peers and confident of maintaining the trends going forward," said Bajaj Broking in its IPO report.
Hexaware Technologies IPO Allotment Today Live: Anchor investors
Before its public issue opened for bidding, Hexaware Technologies secured Rs 2,598 crore through its anchor book on February 11. The offering attracted 96 institutional investors, including domestic giants like SBI Mutual Fund, ICICI Prudential Mutual Fund, and HDFC AMC, along with global investors such as CLSA.
Hexaware Technologies IPO Allotment Today Live: Subscription status
Hexaware Technologies IPO received an overall subscription of 2.66 times by the final bidding day on February 14. The public issue received bids for 24.28 crore shares against the 9.14 crore shares on offer. Qualified Institutional Buyers (QIBs) received a subscription of 9.09 times and Non-Institutional Investors (NIIs) was subscribed 6.46 times.