Hexaware Technologies IPO is a book built issue of Rs 8,750.00 crores. The issue is entirely an offer for sale of 12.36 crore shares.
Hexaware Technologies IPO opens for subscription on February 12, 2025 and closes on February 14, 2025. The allotment for the Hexaware Technologies IPO is expected to be finalized on Monday, February 17, 2025. Hexaware Technologies IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, February 19, 2025.
Hexaware Technologies IPO price band is set at ₹674 to ₹708 per share. The minimum lot size for an application is 21. The minimum amount of investment required by retail investors is ₹14,868. The minimum lot size investment for sNII is 14 lots (294 shares), amounting to ₹2,08,152, and for bNII, it is 68 lots (1,428 shares), amounting to ₹10,11,024.
Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, Hsbc Securities & Capital Markets Pvt Ltd, Iifl Securities Ltd are the book running lead managers of the Hexaware Technologies IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Hexaware Technologies IPO RHP for detailed information.
Hexaware Technologies IPO Details
| IPO Date | February 12, 2025 to February 14, 2025 |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Price Band | ₹674 to ₹708 per share |
| Lot Size | 21 Shares |
| Total Issue Size | 12,35,87,570 shares (aggregating up to ₹8,750.00 Cr) |
| Offer for Sale | 12,35,87,570 shares of ₹1 (aggregating up to ₹8,750.00 Cr) |
| Employee Discount | 67.00 |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Hexaware Technologies IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
Category Reservation Detail Table
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII | Employee limit: Up to Rs 5 Lakhs (In certain cases, employees are given discount if bidding amount is upto Rs. 2 lakhs)If applying as RII: Upto Rs. 2 lakhsIf applying as NII: sNII > Rs. 2 lakhs and upto Rs. 10 lakhs and bNII > Rs. 10 lakhs | Yes for shareholder/RII |
Hexaware Technologies IPO Timeline (Tentative Schedule)
Hexaware Technologies IPO opens on February 12, 2025, and closes on February 14, 2025.
| IPO Open Date | Wednesday, February 12, 2025 |
| IPO Close Date | Friday, February 14, 2025 |
| Basis of Allotment | Monday, February 17, 2025 |
| Initiation of Refunds | Tuesday, February 18, 2025 |
| Credit of Shares to Demat | Tuesday, February 18, 2025 |
| Listing Date | Wednesday, February 19, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 14, 2025 |
Hexaware Technologies IPO Lot Size
Investors can bid for a minimum of 21 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 21 | ₹14,868 |
| Retail (Max) | 13 | 273 | ₹1,93,284 |
| S-HNI (Min) | 14 | 294 | ₹2,08,152 |
| S-HNI (Max) | 67 | 1,407 | ₹9,96,156 |
| B-HNI (Min) | 68 | 1,428 | ₹10,11,024 |
| Lot Size Calculator | |||
Hexaware Technologies IPO Promoter Holding
The Promoter of the company is CA Magnum Holdings.
| Share Holding Pre Issue | 95.03% |
| Share Holding Post Issue |
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 uses technology to offer innovative solutions, integrating AI to help customers adapt, innovate, and improve in the AI-driven world.
The company has major offshore delivery centers in India (Chennai, Pune, Bengaluru, Noida, etc.) and Sri Lanka. It plans expansion into Tier 2 cities and aims to open new centers in Ahmedabad.
As of September 30, 2024, the company has a global delivery presence with 39 centers and 16 offices across the Americas, Europe, and APAC.
Business Segment: The company provides services in its operating segments across six industries Financial Services, Healthcare & and; Insurance, Manufacturing & and; Consumer, Hi-Tech & and; Professional Services, Banking, and Travel & and Transportation.
Platforms: The company offers services through AI-powered platforms like RapidX™ for digital transformation, Tensai® for automation, and Amaze® for cloud adoption, serving customers globally across multiple regions.
Services:
- Design & Build: The company helps customers drive digital transformation by integrating technologies across products and services, focusing on new product launches, software development, and enhancing ERP systems to improve time to market and productivity.
- Secure & Run: The company secures, manages, and optimizes IT operations across applications, middleware, data, devices, and hybrid infrastructure for customers.
- Data & AI: The company creates robust data foundations for customers, enabling sustainable data value creation. Using AI and ML technologies, it transforms data into actionable insights, enhancing agility and trust in business decisions.
- Optimize: The company’s Gen AI-powered business process services enable personalized interactions, automation, analytics, and talent management across various industries.
- Cloud Services: The company’s Cloud Services serve as the foundation, leveraging cloud capabilities across all service lines for enhanced offerings.
As of September 30, 2024, the company has 32,536 employees, of which 30,171 are full-time employees and 2,365 are contracted employees.
Competitive Strength:
- Deep domain expertise delivered through comprehensive solutions across industries
- AI-led digital capabilities and platforms built in-house with innovation as a strategic pillar
- Long-term and embedded relationships with diversified blue-chip customer base
- Go-to-market strategy focused on customer acquisition and expansion
- Global, scalable, flexible delivery model with a certified and skilled talent pool
- Experienced and tenured leadership driving a people-first and thriving organizational culture
- Track record of growth and cash generation
+ Read More
Company Financials
Hexaware Technologies Limited Financial Information (Restated Consolidated)
| Period Ended | 30 Sep 2024 | 31 Dec 2023 | 30 Sep 2023 | 31 Dec 2022 | 31 Dec 2021 |
| Assets | 8,594.2 | 7,202.1 | 7,021.2 | 6,514 | 5,673.5 |
| Revenue | 8,871.3 | 10,389.1 | 7,763.1 | 9,378.8 | 7,244.6 |
| Profit After Tax | 853.3 | 997.6 | 804.8 | 884.2 | 748.8 |
| Net Worth | 4,876 | 4,230.9 | 4,294 | 3,778.1 | 3,503.7 |
| Reserves and Surplus | 4,816.7 | 4,171.6 | 4,234.7 | 3,719.1 | 3,444.8 |
| Total Borrowing | 82.7 |
Key Performance Indicator
| KPI | Values |
|---|---|
| RoNW | 23.6% |
| PAT Margin | 9.60 |
| Price to Book Value | 10.15 |
Check Hexaware Technologies IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 16.41 | |
| P/E (x) | 41 |
Objects of the Issue (Hexaware Technologies IPO Objectives)
The Company will not receive any proceeds from the Offer for Sale
Sorry, we couldn’t find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
Hexaware Technologies IPO Prospectus
Hexaware Technologies Limited Contact Details
Hexaware Technologies Limited
152, Millennium Business Park,
Sector III, ‘A’ Block, TTC Industrial Area,
Mahape, Navi Mumbai, 400 710
Phone: +91 223326 8585
Email: investori@hexaware.com
Website: http://www.hexaware.com/
Hexaware Technologies IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: hexaware.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/