Hexaware Technologies IPO Anchor Allocation at 30.00%

Hexaware Technologies IPO received a strong anchor allocation response, with 30.00% of the total IPO size subscribed by anchor investors. Out of the 123,587,570 shares on offer, anchor investors were allocated 36,694,914 shares, demonstrating significant market confidence. The anchor allocation details were reported to the stock exchanges on February 11, 2025, just ahead of the IPO opening on February 12, 2025.

The book-built issue of ₹8,750.00 crores is entirely an offer for sale of 12,35,87,570 shares. The price band is set at ₹674 to ₹708 per share, with a face value of ₹1 per share. This includes a share premium of ₹707 per share at the upper end of the price band.
 

The anchor allocation process, which took place on February 11, 2025, saw robust participation from institutional investors. The entire anchor allocation was made at the upper end of the price band, ₹708 per share, highlighting strong demand and confidence in the company's growth potential.
 

After the anchor allocation, the overall allocation of the IPO looks as follows:

The lock-in period for anchor investors is a critical aspect of the allocation. For Hexaware Technologies IPO, the lock-in details are as follows:

• Lock-in Period (50% Shares): March 19, 2025
• Lock-in Period (Remaining Shares): May 18, 2025

This lock-in period ensures that anchor investors maintain their investments for a specified duration, contributing to stock price stability post-listing.
 

Anchor Investors in Hexaware Technologies IPO

Anchor investors, typically large institutional investors, are allotted shares in an IPO before it opens to the public. The anchor allocation process plays a pivotal role in price discovery and instilling confidence among retail investors. The strong response from anchor investors often sets a positive tone for the public issue and influences the overall subscription levels.

On February 11, 2025, Hexaware Technologies IPO completed the bidding for its anchor allocation. A total of 36,694,914 shares were allotted to anchor investors at the upper IPO price band of ₹708 per share, resulting in an overall anchor allocation of ₹2,598.00 crore. This represents 30.00% of the total issue size of ₹8,750.00 crore, indicating robust institutional demand.
 

Hexaware Technologies IPO Key Details:

• IPO Size: ₹8,750.00 crores
• Shares Allocated to Anchors: 36,694,914
• Anchor Subscription Percentage: 30.00%
• Listing Date: February 19, 2025
• IPO Opening Date: February 12, 2025

About Hexaware Technologies Limited 

Incorporated in 1992, Hexaware Technologies Limited is engaged in the business of global digital and technology services with artificial intelligence. The company provides comprehensive services across six industries including Financial Services, Healthcare & Insurance, Manufacturing & Consumer, Hi-Tech & Professional Services, Banking, and Travel & Transportation through its AI-powered platforms. As of September 30, 2024, the company has established a strong global presence with 39 delivery centers and 16 offices across the Americas, Europe, and APAC, supported by 32,536 employees. The company offers services through advanced AI-powered platforms including RapidX™ for digital transformation, Tensai® for automation, and Amaze® for cloud adoption. Their service portfolio encompasses Design & Build services for digital transformation, Secure & Run for IT operations management, Data & AI services for actionable insights, and comprehensive Cloud Services. The company has major offshore delivery centers in India (Chennai, Pune, Bengaluru, Noida) and Sri Lanka, with planned expansion into Tier 2 cities including Ahmedabad. Their business model is strengthened by deep domain expertise, AI-led digital capabilities, long-term relationships with blue-chip customers, and a global, scalable delivery model with a certified talent pool.