Hexaware Tech IPO Allotment Today, Check GMP And How To Check Your Application Status Here
The issue was priced in the range of Rs 674 to Rs 708 apiece and comprised entirely of an offer-for-sale (OFS) component worth Rs 8,750 crore.
Hexaware Technologies is scheduled to reveal the final allotment for its initial public offering on Monday. The company’s maiden offer was open for subscription from February 12 to 14, 2025. The issue was priced in the range of Rs 674 to Rs 708 apiece and comprised entirely of an offer-for-sale (OFS) component worth Rs 8,750 crore.
The OFS was issued by promoter CA Magnum Holdings, which owned a 95.03 per cent stake in the firm prior to the issue. The promoter is also a part of the Carlyle Group Inc.
Hexaware Tech GMP
The company’s IPO received active interest from investors and was subscribed 2.66 times. Qualified institutional buyers (QIBs) turned out in majority for the issue and subscribed 0.09 times. However, the portion of the IPO reserved for non-institutional investors (NIIs), retail investors, and employees was subscribed only 20 per cent, 11 per cent, and 32 per cent respectively.
The issue failed to impress in the grey market as well. According to IPOJi, the issue was commanding a negligible premium of Rs 1 in the grey market on Monday. The grey market premium indicates the potential performance of a company once it gets listed in the official stock market. This provides a measure of investors' confidence in the listing and how it will fare on its debut. The grey market runs parallel to the stock market and provides an unofficial platform for traders to place their bets before an issue begins trading on the exchanges.
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Checking Hexaware Tech Allotment Status
Investors will be able to check the final status of their application for the issue today on the websites of the stock exchanges or the registrar of the IPO, KFin Technologies.
To check the status of their bid on the BSE, investors need to visit https://www.bseindia.com/investors/appli_check.aspx. They should then select Equity and opt for the company name in the dropdown menu. Now, investors will need to provide their application number or PAN card number to finally see the fate of their bids.
Alternatively, investors can also visit the registrar’s website at https://kosmic.kfintech.com/ipostatus/. They will be required to select the company name in the IPO option. To view the status of their application, they have an option to use their PAN details, or application number, or DEMAT account number.
[Disclaimer: Investing in the stock market involves financial risks. Please invest responsibly and only after thorough research and careful consideration. Reader discretion is advised.]
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