Hexaware Technologies IPO - Day 3 Subscription at 0.39 Times

Hexaware Technologies' initial public offering (IPO) has shown notable improvement in its final day of subscription, particularly in the institutional segment. The ₹8,750 crore IPO has witnessed steady growth in demand, with subscription rates progressing from 0.04 times on day one, improving to 0.16 times on day two, and reaching 0.39 times by 11:44 AM on the final day, with QIB portion leading the momentum at 1.19 times subscription.

Hexaware Technologies IPO has already demonstrated strong institutional backing through its anchor book of ₹2,598 crores, and this momentum has continued with QIBs showing significant interest on the final day. The robust QIB participation, increasing from 0.41 times on day two to 1.19 times, reflects growing institutional confidence in this leading AI-enabled digital solutions provider.

Hexaware Technologies IPO’s retail and NII portions have shown measured progress, with retail subscription at 0.08 times and NII at 0.05 times, while the employee portion has reached 0.22 times. This pattern of institutional-led subscription is characteristic of large IPOs, where QIB participation typically accelerates in the final hours of the issue.

Subscription Status of Hexaware Technologies IPO:

Here are the subscription details for Hexaware Technologies IPO as of Day 3 (February 14, 2025, 11:44 AM)

Note:
 

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The portions of anchor investors and market maker are not included in the total shares offered.

Hexaware Technologies IPO - Day 3 Subscription

Key Highlights:

• Overall subscription reaching 0.39 times with notable institutional momentum
• QIB portion showing significant growth to 1.19 times, demonstrating strong institutional confidence
• Total bid amount reaching ₹2,397.62 crores across all categories
• Employee quota maintaining steady interest at 0.22 times subscription
• Retail investors participation at 0.08 times with bids worth ₹255.91 crores
• NII segment showing measured progress at 0.05 times overall
• sNII portion demonstrating slightly higher traction at 0.07 times compared to bNII's 0.04 times
• Applications reaching 118,516 showing broad-based investor interest
• Strong anchor book providing stability with ₹2,598 crore pre-IPO investment
• QIB subscription trend indicating growing institutional confidence
• Final day momentum led by institutional investors
• Subscription pattern typical of large-scale IPOs
• Balanced participation across investor categories
• Market response reflecting strategic evaluation of offering size

Hexaware Technologies IPO - Day 2 Subscription at 0.16 Times

Key Highlights:

• Overall subscription improved to 0.16 times showing steady progress
• QIB portion demonstrating increased interest at 0.41 times
• Employee quota reaching 0.18 times showing internal confidence
• Retail investors participation growing to 0.07 times
• NII segment showing gradual improvement to 0.03 times
• sNII portion at 0.05 times showing relatively better response
• Total bid amount indicating measured investor approach
• Second day maintaining consistent growth trajectory
• Institutional participation showing upward momentum
• Market response reflecting careful evaluation
• Subscription trends aligned with issue size
• Progressive improvement across categories
• Day two establishing steady subscription pattern
• Investor interest showing systematic growth

Hexaware Technologies IPO - Day 1 Subscription at 0.04 Times

Key Highlights:

• Overall subscription opened at 0.04 times showing measured start
• Employee quota leading initial response at 0.11 times
• QIB portion beginning at 0.04 times indicating early institutional interest
• Retail investors starting at 0.04 times showing initial participation
• NII segment showing careful approach at 0.01 times
• sNII portion registering 0.02 times in early trading
• Opening day establishing subscription baseline
• Initial momentum reflecting issue size consideration
• First day response indicating strategic evaluation
• Market approach showing systematic assessment
• Early participation demonstrating measured interest
• Day one setting foundation for subscription build-up
• Initial response aligned with offering scale
• Opening day reflecting typical large-IPO pattern

About Hexaware Technologies Limited

Hexaware Technologies Limited, established in 1992, has emerged as a significant player in global digital and technology services, specializing in AI-driven solutions. The company's comprehensive service portfolio spans across six major industries including Financial Services, Healthcare & Insurance, Manufacturing & Consumer, Hi-Tech & Professional Services, Banking, and Travel & Transportation. With a global delivery presence encompassing 39 centers and 16 offices across the Americas, Europe, and APAC, they serve a diverse blue-chip customer base through their AI-powered platforms like RapidX™, Tensai®, and Amaze®.

Their financial performance demonstrates consistent growth with revenue reaching ₹10,389.1 crores for December 2023, while profit after tax stood at ₹997.6 crores. For the six months ended September 2024, the company reported revenue of ₹8,871.3 crores with a PAT of ₹853.3 crores, showcasing robust operational efficiency and sustainable growth in the dynamic technology services sector.

Their competitive strengths include:

• Deep domain expertise across industries
• AI-led digital capabilities with proprietary platforms
• Strong relationships with blue-chip customers
• Strategic customer acquisition approach
• Global delivery model with skilled talent pool
• Experienced leadership team
• Strong track record of growth
• Comprehensive technology solutions portfolio
• Innovation-driven culture
• Robust financial performance
   

Highlights of the Hexaware Technologies IPO:

• IPO type: Book Built Issue IPO
• IPO size: ₹8,750.00 crores
• Offer for Sale: 12.36 crore shares
• Face value: ₹1 per share
• Price band: ₹674 to ₹708 per share
• Lot size: 21 shares
• Employee discount: ₹67 per share
• Minimum investment for retail investors: ₹14,868
• Minimum investment for sNII: ₹2,08,152
• Minimum investment for bNII: ₹10,11,024
• Listing at: BSE, NSE
• IPO opens: February 12, 2025
• IPO closes: February 14, 2025
• Allotment date: February 17, 2025
• Refund initiation: February 18, 2025
• Credit of shares: February 18, 2025
• Listing date: February 19, 2025
• Lead Managers: Kotak Mahindra Capital, Citigroup Global Markets India, J.P. Morgan India, HSBC Securities & Capital Markets, IIFL Securities
• Registrar: Kfin Technologies Limited