Hexaware Technologies Limited IPO Day 3 Subscription Status
(February 14, 2025, 10:12 A.M.)
The Hexaware Technologies Limited IPO continues to see gradual investor participation on Day 3, with a subscription rate of 0.16 times, as per NSE data on February 14, 2025, at 10:12 A.M. The Retail Individual Investors (RII) segment recorded a 0.07 times subscription, while the Non-Institutional Investors (NII) category saw 0.04 times. Within the NII category, bids above ₹10 lakh (bNII) reached 0.03 times, while bids below ₹10 lakh (sNII) stood at 0.05 times. The Qualified Institutional Buyers (QIB) segment showed a 0.39 times subscription. Meanwhile, the employee portion recorded a 0.18 times subscription.
Hexaware Technologies Limited IPO Details
Hexaware Technologies launched its ₹8750 crore IPO on February 12, 2025, featuring an Offer for Sale (OFS) of ₹12.35 crore. The IPO price band is fixed between ₹674 and ₹708 per share, with a minimum lot size of 21 shares, requiring an investment of ₹14,154. The IPO is set to list on BSE and NSE on February 19, 2025. The basis of allotment will be finalized on February 17, 2025, followed by the initiation of refunds on February 18, 2025.
Utilization of IPO Proceeds
Hexaware Technologies will not receive any direct funds from the IPO, as it is entirely an Offer for Sale (OFS). The proceeds will be distributed among the selling shareholders after deducting applicable offer-related expenses and taxes.
Grey Market Premium (GMP) Update
According to Livemint, the GMP for Hexaware Technologies IPO stood at ₹2 as of February 14, 2025, at 08:52 A.M. If this trend continues, Hexaware Technologies may list at ₹710 per share, reflecting a 0.28% premium to the upper end of the price band.
Note: The Grey Market Premium (GMP) is unofficial and based on market speculation.
Source: Livemint Media Report dated February 14, 2025.
Hexaware Technologies Business Overview
Hexaware Technologies Limited is a leading IT services and consulting company, headquartered in Navi Mumbai, Maharashtra, India. Established in 1992, the company specializes in Information Technology (IT), Business Process Outsourcing (BPO), and consulting services across various industries such as Banking, Financial Services, Insurance (BFSI), Travel, Transportation, Healthcare, Life Sciences, Manufacturing, and Consumer Products.
The company's key service offerings include:
Application Services
Cloud Services
Data & AI
Digital IT Operations
Digital & Software Solutions
Enterprise Platform Services
Hexaware operates across 54 offices worldwide, with a workforce of approximately 32,000 professionals, serving clients in North America, Europe, and Asia.
Final Thoughts
Hexaware Technologies' IPO has seen moderate investor interest, with the QIB category showing relatively stronger demand. Investors looking to apply should consider all factors, including GMP trends and market conditions.
Disclaimer:
This news is for educational purposes only and does not constitute investment advice. Investors should conduct independent research before making any investment decisions.
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