The IPO allotment of Hexaware Technologies Limited, a leading digital and technology services firm, is set to be finalised on Monday, February 17, 2025. The initial share sale, which was fully subscribed on the final day of bidding, witnessed substantial interest from qualified institutional buyers (QIBs). With a total of 24.28 crore shares bid against 9.14 crore shares on offer, the IPO achieved a subscription rate of 2.66 times.
This has sparked considerable interest among investors, particularly those exploring share market investment opportunities. If you applied for the Hexaware Technologies IPO, here's how to check the allotment status online on NSE and BSE.
Checking Hexaware Technologies IPO allotment status on NSE
To check your IPO allotment status on the National Stock Exchange (NSE):
This straightforward process ensures transparency in share market investment, helping investors stay informed about their IPO applications.
Checking Hexaware Technologies IPO allotment status on BSE
To check the status on the Bombay Stock Exchange (BSE):
This quick online check provides clarity on IPO allotment and is essential for those engaged in share market investment.
Key details about Hexaware Technologies IPO
The IPO witnessed strong participation, particularly from QIBs, who subscribed 9.09 times the shares reserved for them. In contrast, retail investors subscribed to just 11% of the allocated shares, highlighting a more cautious approach in this share market investment category.
The shares are set to be listed on NSE and BSE on Wednesday, February 19, 2025, at 10 AM. The IPO was exclusively an Offer for Sale (OFS) of 12.36 crore shares, amounting to ₹8,750 crore. The price band was set between ₹674 to ₹708 per share, with a minimum investment of one lot (23 shares) worth ₹14,467.
Summing up
Hexaware Technologies' IPO allotment status can be checked online through NSE and BSE's official websites. The IPO, fully subscribed on the final bidding day, attracted significant interest from QIBs, highlighting the potential in share market investment. With the listing date set for February 19, 2025, investors can easily verify their allotment status by following the simple steps mentioned above. This strategic share market investment opportunity reflects the growing interest in tech-based IPOs, making it crucial for investors to stay updated.