| Hexaware Technologies IPO Review | Hexaware Technologies IPO GMP | Hexaware Technologies IPO Recommendations | Hexaware Technologies IPO Allotment |
Hexaware Technologies IPO subscription starts on 12 February 2025 and will close on 14 February 2025. The company plans to raise around INR 8,750 crore via the IPO. The price band is fixed at INR 674 – 708 per share. Additionally, there is an employee discount of INR 67 per share. Hexaware Technologies IPO market lot has 21 shares, and the minimum application amount is INR 14,868. The retail quota is 35%, QIB is 50%, and NII is 15%.
Check Hexaware Technologies IPO Subscription Status here. The subscription figures are taken from BSE and NSE and are updated at regular intervals. Here you can find Hexaware Technologies IPO Subscription Status segregated by days and investor categories.
Hexaware Technologies IPO Subscription Status – Live Updates
| Category | QIB | NII | Retail | Emp | Total |
|---|---|---|---|---|---|
| Shares Offered | 2,56,97,329 | 1,92,72,997 | 4,49,70,327 | 14,82,701 | 9,14,23,354 |
| 14 Feb 2025 | 9.09 | 0.20 | 0.11 | 0.32 | 2.66 |
| 13 Feb 2025 | 0.39 | 0.03 | 0.06 | 0.17 | 0.15 |
| 12 Feb 2025 | 0.04 | 0.01 | 0.04 | 0.11 | 0.03 |
Shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.
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Hexaware Technologies – Business Background
Established in 1990, Hexaware Technologies is a global digital and technology services company that integrates Artificial Intelligence (AI) into its solutions. The company provides a wide array of AI platforms and tools, serving six different industries: Financial Services, Healthcare and Insurance, Manufacturing and Consumer, Hi-Tech and Professional Services, Banking, and Travel and Transportation.
Hexaware has a global presence with 38 delivery spots and 16 offices across the Americas, Europe, and APAC regions, and employs a team of 32,536 employees across 28 countries. Hexaware Technologies enhances its service capabilities through expansion into Tier 2 cities and a global delivery network.
Hexaware’s revenue grew 12.8% in 2023. Key strengths of Hexaware include its expertise in providing a wide range of services across multiple industries and its focus on maintaining customer relationships with a global delivery presence. However, the company faces risks such as economic fluctuations in key regions like America and Europe, high attrition rates, and challenges in hiring and retaining skilled professionals.
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Investor Categories in Hexaware Technologies IPO Subscription
The three most important categories of IPO investors defined by SEBI are part of Hexaware Technologies IPO.
Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.
Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.
Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.
The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).
Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. If the IPO-bound company does not fulfill this criterion, only 10% of shares are reserved for retail investors.
Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.
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Hexaware Technologies IPO Subscription Status FAQs
When will the Hexaware Technologies IPO subscription start?
Hexaware Technologies IPO subscription starts on 12 February 2025 and ends on 14 February 2025.
How to subscribe to Hexaware Technologies IPO?
You can subscribe to the IPO through ASBA and non-ASBA options. To use ASBA, login to your bank account and apply for the IPO online. Alternatively, you can download the form online or obtain a physical form, then submit the completed form to your broker or bank.
When will Hexaware Technologies IPO be listed?
Hexaware Technologies IPO will be listed on 19 February 2025, on the BSE and NSE stock exchanges.