New Delhi, Feb. 16 -- Hexaware Technologies' IPO was fully subscribed on the final day of bidding, Friday, February 14. The mainboard offering was oversubscribed by more than 2.5 times, driven primarily by Qualified Institutional Buyers (QIBs).

The Rs.8,750-crore public issue, the largest IPO by an IT company since TCS's Rs.4,700-crore offering two decades ago, received a tepid response during the first two days of bidding. The IPO opened on February 12.

According to NSE data as of 5:00 pm, the IPO received bids for over 24.28 crore shares, significantly exceeding the 9.14 crore shares available, resulting in an overall subscription of approximately 2.66 times.

Qualified Institutional Buyers (QIBs) bid for more than 23.36 crore shares,...