The Hexaware Technologies IPO was subscribed 2.66 times and is set to finalise its IPO share allotment today, February 17.
Investors who participated in the company’s maiden public offering can check their allotment status online through the multiple platforms such as NSE, BSE, and the registrar, Kfin Technologies.
Furthermore, after the completion of this process, the company is scheduled to list on February 19.
Here’s how to check Hexaware Technologies IPO allotment status:
If you have applied for shares in Hexaware Technologies IPO, here’s how you can check your allotment status through different platforms:
– Via BSE
Visit the official website of BSE: bseindia.com
Click on ‘Equity’ and select ‘Hexaware Technologies IPO’ from the drop-down menu
Enter your application number or PAN
Click ‘Search’ to view your allotment status
– Via NSE
Visit the official website of NSE: nseindia.com
Select ‘Hexaware Technologies IPO’ from the list
Enter your application details (PAN, Application Number, or DP ID)
Click ‘Search’ to check the status
– Via Kfin Technologies
Visit the registrar website: KfinTech.com
Select ‘Hexaware Technologies IPO’ from the drop-down menu
Choose one of the options: PAN Number, Application Number, or DP ID
Enter the required details and click on ‘Search’
Your allotment status will be displayed on the screen
Hexaware Technologies IPO: GMP trends
Ahead of its listing, Hexaware Technologies unlisted shares were trading at a 0.35% premium in the grey market, with a price of Rs 710.5 per share. However, it is to note that this is not the official listing price and may fluctuate based on market sentiment.
Hexaware Technologies IPO: Key details of the issue
Hexaware Technologies IPO on its three-day of public issue was subscribed 2.66 times on its final bidding day, February 14. It received bids for 24.28 crore shares against the 9.14 crore shares available. The QIBs portion was subscribed 9.09 times. Meanwhile, the retail investors subscribed 11% of their quota while NII portion was subscribed 20%. The employee portion was booked 32%.
The public issue consisted entirely of an OFS by its promoter, CA Magnum Holdings, meaning no fresh funds will be raised for the company, with price band set between the range of Rs 674 to 708 per share.
Hexaware Technologies IPO: Anchor investors
Ahead of this opening of the issue, Hexaware Technologies raised Rs 2,598 crore via an anchor book on February 11. A total of 96 institutional investors participated, including major players like SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC AMC, and global investors like CLSA.
Hexaware Technologies IPO: Key players of the issue
The lead managers of this issue include Kotak Mahindra Capital, Citigroup Global, JP Morgan India, HSBC Securities, IIFL Securities. Kin Technologies is the registrar of this mainboard issue.