Posted on February 18, 2025, by Niftynews
The Hexaware Technologies IPO has garnered significant attention ahead of its listing on the NSE and BSE. With the public issue successfully subscribed and strong backing from institutional investors, all eyes are now on the Hexaware IPO allotment status. If you’ve applied for shares in this highly anticipated IPO, it’s important to know how to check your allotment status and what to expect as the company prepares to go public on February 19, 2025.
How to Check Hexaware IPO Allotment Status
For those eagerly waiting to find out whether they’ve been allotted Hexaware IPO shares, here’s how you can check your allotment status:
- Visit the official websites:
- NSE (National Stock Exchange): www.nseindia.com
- BSE (Bombay Stock Exchange): www.bseindia.com
- KFin Technologies: www.kfintech.com
- Use your application details: You will need your application number and PAN card number (Permanent Account Number) to check your allotment status.
- Enter the required details: Once you have your details ready, navigate to the Hexaware IPO allotment status section on the respective website and enter the necessary information.
- View the result: After submitting your details, the allotment status will be displayed, letting you know if you have received shares from the IPO.
Hexaware IPO Subscription Details
The Hexaware Technologies IPO, which opened from February 12 to February 14, 2025, was met with strong demand. The issue was subscribed 2.66 times overall, with institutional investors showing particularly high interest.
- Qualified Institutional Buyers (QIBs): Subscribed 9.09 times their allotted quota.
- Non-Institutional Investors (NIIs): Subscribed only 20% of their portion.
- Retail Investors: Subscribed 11% of their allotted share.
The IPO’s price band was set between ₹674 and ₹708 per share, with the upper price band valuing Hexaware Technologies at ₹43,247 crore.
Grey Market Premium (GMP) and What It Means for the Listing
The Grey Market Premium (GMP) for Hexaware Technologies IPO suggests that the stock is likely to list at the upper price band of ₹708 per share. Despite the muted trading activity in the grey market, the strong institutional demand signals that investors are optimistic about Hexaware future prospects.
What Does the Hexaware IPO Allotment Status Mean for Investors?
If you’ve been allotted Hexaware IPO shares, the next step is to prepare for the listing day on February 19, 2025. After the stock begins trading on the NSE and BSE, investors will have the opportunity to buy or sell shares based on the market’s reception of the company.
- For investors who received shares: The debut of Hexaware Technologies in the public market is an exciting moment. With strong institutional backing, the company’s prospects in the IT services and digital solutions industry look promising.
- For investors who did not receive allotment: While you may not have received shares through the IPO allotment, there may be opportunities to buy Hexaware IPO shares post-listing if the stock becomes available on the secondary market.
Hexaware Technologies: A Leader in IT Services
Founded in 1992, Hexaware Technologies is a Mumbai-based IT and digital services provider. The company specializes in offering artificial intelligence (AI)-integrated solutions and services across industries like banking, finance, healthcare, and telecommunications. Hexaware strong financial performance and focus on AI integration have helped it establish a solid position in the competitive IT sector.
For the nine months ending September 2024, Hexaware Technologies reported ₹8,820 crore in revenue and a net profit of ₹853.3 crore. This demonstrates the company’s solid financial foundation and growth trajectory.
Conclusion: Hexaware IPO Allotment Status and Market Debut
With Hexaware Technologies IPO set to debut on February 19, 2025, investors will soon see the outcome of their allotment status and market performance. If you’ve been allotted shares, it’s important to monitor the stock’s listing and make decisions based on market trends.
For those still awaiting allotment, checking the Hexaware IPO allotment status is the key step in determining if you’ve successfully secured shares. With the strong institutional demand and positive market sentiment, Hexaware Technologies is poised to make a strong debut on the NSE and BSE, making it a highly anticipated event in the Indian IPO market.
