Hexaware IPO Allotment: Bids Surpass INR 23,275 Crore, Check Your Status Today

The Hexaware IPO allotment status is now available. Allotment status has been made available on February 17, 2024, as per the timeline provided in the red herring prospectus (RHP) of the IPO.

The grey market premium (GMP) for Hexaware Technologies has decreased to INR 2 per share, indicating an uncertain listing scenario. While this suggests a positive listing gain of approximately 0.3%, the GMP remains under pressure due to current market conditions. The IPO saw a subscription rate of 2.66 times, with total bids amounting to INR 23,275 crores. Investor sentiment appears cautious, and the final listing outcome will depend on broader market conditions and demand on the listing day. Hexaware Technologies shares are expected to be listed on February 19, 2025, following the completion of allotment and refund processes, with successful investors likely to receive their shares in their demat accounts by February 18, 2025.

Hexaware Technologies IPO closed on February 14, 2025, with an oversubscription of 2.66 times. The IPO, a book-built issue of INR 8,750 crores, offered shares in a price band of INR 674 to INR 708 per share. Qualified Institutional Buyers (QIBs) showed the highest demand, subscribing 9.09 times their quota, followed by Non-Institutional Investors (NIIs) at 0.20 times, Retail Individual Investors (RIIs) at 0.11 times, and employees subscribed 0.32 times.

Here are a few methods to verify the Hexaware IPO allotment status.

#1 Registrar Website – Most effective way to check Hexaware IPO allotment status

After an IPO has finished accepting subscriptions, the issue registrar takes over the next steps. The registrar handling this case is KFin Tech. Investors can easily visit its website and navigate to Hexaware Technologies from a list of options provided to check their allotment status by entering any of the details given.

• PAN
• IPO Application Number (CAF Number)
• Beneficiary ID (NSDL or CDSL Demat Account Number)

Registrar websites can get busy during allotment days and may slow down significantly; however, KFin Tech seems to have a reliable infrastructure, in place to handle that load better than most others do in such situations. Nevertheless, it is always advisable to explore multiple options.

#2 BSE Website

You can also verify the status of the Hexaware IPO allotment by visiting the IPO allotment page on the BSE website. However, investors need to have both the application number and PAN to check using this method. Just choose equity select the IPO enter your application number and PAN to view the status.

The Bombay Stock Exchange (BSE) boasts a website infrastructure that ensures investors encounter minimal issues, like slow loading times or unresponsiveness when using it.

#3 Bank Account Debit/Removal of Lien

If you haven’t found what you’re looking for yet in your search results up to now, it could be worth checking your bank account. Many banks have systems in place and send updates on account balances to customers through various means such, as text messages. So you might not even have to log in to banking.

Suppose the investor’s request has been approved successfully. In that case, their application is accepted for a single lot in the Hexaware Technologies IPO at INR 14,868 per lot will be debited from their account accordingly. If the application is not successful the amount that was put on hold for the application will reflect as an increase in the bank account balance.

Upon allocation of shares in an IPO, the balance in the bank account decreases by the corresponding sum of money allocated for the shares purchased. It is crucial to understand that the process of IPO allotment and the subsequent deduction of funds, from a bank account are occurrences; however, there are instances where these events occur almost simultaneously.

#4 Credit of Shares in Demat Account

If everything else has failed, you can check your demat account for credit of shares. However, this approach is the slowest of all the methods. In many cases, shares may be credited on the day of listing as well, effectively taking away all the fun of allotment.

Hexaware IPO Allotment FAQs