Markets / IPO / Hexaware Technologies

Hexaware Technologies IPO

Updated 17:56

Mainboard IPO on NSE and BSE · Computers - Software & Consulting

Status

Listed

Price band

₹674–708

Lot size

21 shares · ₹14,868

Subscribed

2.66×

How it listed

Issue price

₹708

Listing price (open)

₹745.50 +5.30%

First-day close

₹762.55 +7.70%

Price now

₹503.50 -28.88%

Listing day	19 Feb 2025
Open / high / low / close	₹745.50 / ₹788.00 / ₹708.00 / ₹762.55
Shares traded on NSE	1,89,50,189
Market value at the listing-day close	₹46,516 cr

Closing prices since listing: 26 Oct ₹592.65, 27 Oct ₹569.35, 28 Oct ₹572.25, 29 Oct ₹538.45, 30 Oct ₹501.80, 2 Nov ₹497.90, 3 Nov ₹499.40, 4 Nov ₹501.20, 5 Nov ₹503.15, 6 Nov ₹504.00.

Hexaware Technologies share price, live chart and technicals →

Key dates

Bidding opens	12 Feb 2025
Bidding closes	14 Feb 2025
Allotment	17 Feb 2025
Refunds and shares in demat	18 Feb 2025
Listing	19 Feb 2025

Issue reservation

Investor group	Shares	% of issue	Most applicants allotted
Institutions (QIB)	2,56,97,329	28.11%	–
HNI / NII	1,92,72,997	21.08%	–
HNI, above ₹10 lakh	1,28,48,665	14.05%	8,997
HNI, ₹2–10 lakh	64,24,332	7.03%	21,851
Retail	4,49,70,327	49.19%	21,41,444
Employees	14,82,701	1.62%	–

Shares NSE lists as offered to each group, plus the anchor portion. "Most applicants allotted" is how many people can get the minimum application in that group when it is oversubscribed.

Lot size by investor type

Application	Lots	Shares	Amount
Retail (minimum)	1	21	₹14,868
Retail (maximum)	13	273	₹1,93,284
Small HNI (minimum)	14	294	₹2,08,152
Small HNI (maximum)	67	1,407	₹9,96,156
Big HNI (minimum)	68	1,428	₹10,11,024

At ₹708 a share. Retail bids go up to ₹2 lakh, small HNI from ₹2 lakh to ₹10 lakh, big HNI above ₹10 lakh.

Chance of getting shares (retail)

Every valid retail application should get shares. The retail portion was subscribed 0.11×.

Subscription

Investor category	Shares offered	Shares bid for	Times subscribed
Institutions (QIB)	2,56,97,329	23,36,61,582	9.09×
HNI / NII	1,92,72,997	39,48,924	0.20×
HNI, above ₹10 lakh	1,28,48,665	29,58,816	0.23×
HNI, ₹2–10 lakh	64,24,332	9,90,108	0.15×
Retail	4,49,70,327	47,64,102	0.11×
Employees	14,82,701	4,70,358	0.32×
Total	9,14,23,354	24,28,44,966	2.66×

NSE and BSE bids together, as of 14 Feb 2025 19:00.

Demand at each price

Top price ₹708	2,383.26 lakh shares	98.1%
Cut-off final price, whatever it is; mostly retail	43.12 lakh shares	1.8%
Lower prices ₹674–707	2.40 lakh shares	0.1%

Shares bid on NSE and BSE at each price in the band. Most bids at the top price, and little at lower prices, means buyers were keen.

Anchor investors

Anchor bid date	11 Feb 2025
Lock-in ends for the first 50% (30 days)	18 Mar 2025
Lock-in ends for the remaining 50% (90 days)	17 May 2025

Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.

Financials and valuation

	At issue price	Now
Market value	₹43,188 cr	₹30,714 cr
P/E (last 12 months' profit)	30.8	21.9

Revenue, last 12 months	₹14,870 cr
Profit, last 12 months	₹1,404 cr
Return on equity	20.9%
Debt to equity	0.00

From results the company filed with NSE (latest period to 30 Sept 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.

Other recent IPOs: Computers - Software & Consulting

Company	Listed	Subscribed	On listing	Since IPO
CSM Technologies	2 Jul	1.36×	0.00%	-30.59%
Fractal Analytics	16 Feb	2.66×	-2.67%	-10.13%

IPO details

Price band	₹674–708
Final issue price	₹708
Lot size	21 shares
Minimum investment	₹14,868 (1 lot)
Market	NSE mainboard
Issue type	100% Book Building
Face value	₹1 per Equity Share
Industry	Computers - Software & Consulting
Issue size	₹8,750.00 crore (about 12.36 crore shares) · Offer for sale only
ISIN	INE093A01041
Registrar	KFin Technologies Limited Helpline: 40 6716 2222, hexaware.ipo@kfintech.com
Lead managers	Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited J.P. Morgan India Private Limited, HSBC Securities and Capital Markets (India) Private Limited and IIFL Capital Services Limited (formerly known as IIFL Securities Limited)
Prospectus	Red herring prospectus (NSE)

Check allotment status

Allotment was finalised on 17 Feb 2025. Check it on the registrar's page (KFin Technologies Limited), NSE or BSE with your PAN or application number.

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From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

What is the Hexaware Technologies IPO price band and lot size?

The price band is ₹674–708 per share, and one lot is 21 shares (₹14,868 at the upper price).

When is the Hexaware Technologies IPO allotment date?

Allotment was finalised on 17 Feb 2025, the next working day after bidding closed on 14 Feb 2025.

How many times was the Hexaware Technologies IPO subscribed?

In total 2.66 times, on NSE and BSE together; retail 0.11 times.

What is the Hexaware Technologies IPO listing date?

It listed on 19 Feb 2025 on NSE and BSE.

What is the chance of getting Hexaware Technologies IPO shares?

The retail portion was not oversubscribed, so every valid retail application should get shares.

When does the Hexaware Technologies anchor lock-in end?

The 30-day lock-in on half of the anchor investors' shares ends on 18 Mar 2025 and the 90-day lock-in on the rest ends on 17 May 2025; they can sell from the next trading day.

What was the Hexaware Technologies listing gain?

It opened at ₹745.50 against an issue price of ₹708, a gain of 5.30%. It is now down 28.88% from the issue price.