Hexaware Technologies Limited IPO Day 3: Check GMP, Subscription Status & Key Highlights

The subscription window for Hexaware Technologies Limited IPO will be closed by today, February 14, 2025. The allotment process will be finalized on February 17, 2025. Hexaware Technologies IPO will be listed on BSE, NSE with a tentative listing date fixed as Wednesday, February 19, 2025.

Hexaware Technologies Limited IPO Day 3 Subscription Status 

(February 14, 2025, 10:12:00 A.M.)

On Day 3, Hexaware Technologies IPO saw a subscription rate of 0.16 times as per the NSE data on February 14, 2025, 10:12:00 A.M. The retail category was subscribed 0.07 times, while the Non-Institutional Investors (NII) segment recorded a subscription of 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 was subscribed 0.39 times. Meanwhile, the employee portion was subscribed 0.18 times.

Also Read, Hexaware Technologies Limited IPO Day 2 Subscription Status 

Hexaware Technologies Limited IPO Day 1 Subscription Status 

Hexaware Technologies Limited IPO Details

Hexaware Technologies launched its IPO on February 12, 2025 with a total issue size of ₹8750.00 crores, with an offer for sale (OFS) of ₹12.35 crore. The IPO price band is fixed between ₹674 and ₹708 per share. Investors can apply with a minimum lot size of 21 shares, requiring a minimum investment of ₹14,154. The shares are expected to be listed on the 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

The company will not receive any funds from this offering. Instead, the proceeds from the Offer for Sale will go directly to the selling shareholders, who will receive their respective shares after deducting applicable offer-related expenses and taxes.

GMP Details: According to Livemint, the Grey Market Premium (GMP) for Hexaware Technologies IPO was ₹2 as of February 14, 2025, 08:52:00 AM. If the current GMP trends continue, the company will likely list at ₹710 a piece, indicating a 0.28% premium to the upper end of the price band.

Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.

Source: Livemint Media Report dated February 14, 2025

Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.

Hexaware Technologies Limited Business Overview

Hexaware Technologies Limited is a global IT services and consulting firm headquartered in Navi Mumbai, Maharashtra, India. Established in 1992, the company specializes in providing information technology, business process outsourcing, and consulting services across various industries, including banking, financial services, insurance, travel, transportation, logistics, hospitality, healthcare, life sciences, manufacturing, and consumer products.

Hexaware offers a comprehensive suite of services designed to address diverse business needs. These include: Application Services, Cloud Services, Data & AI, Digital IT Operations, Digital & Software and Enterprise Platform Services. The company operates in over 54 offices worldwide, employing approximately 32,000 professionals. The company's global reach enables it to deliver services to clients across various regions, including North America, Europe, and Asia.

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

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