Hexaware Technologies Ltd. was incorporated on November 20, 1992. The company is a global tech firm that uses artificial intelligence to create innovative solutions for its customers. Its tools and platforms help businesses adapt, innovate, and improve in today’s AI-driven world.
| Bidding Dates |
|---|
| 12 Feb 2025 - 14 Feb 2025 |
| Subscription |
|---|
| 2.66x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,154 | 1 | 13 | 21 | 123.6 M | ₹674 - ₹708 | 74.71 % | ₹83298.0 M - ₹87500.0 M | RHP DOC |
Hexaware Technologies IPO SUBSCRIPTION STATUS
14 Feb '25Hexaware Technologies IPO overall subscription rate was 2.66 times the total available shares
Hexaware Technologies IPO retail subscription rate was 0.11 times in the retail segment
Hexaware Technologies IPO non-institutional investor subscription rate was 0.2 times in the non-institutional investor category
Hexaware Technologies IPO Qualified Institutional Bidder subscription rate was 9.09 times the available shares for Qualified Institutional Bidder
Hexaware Technologies IPO Employees subscription rate was 0.32 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - |
14 Feb 2025 (Day 4) | 0.11x | 0.2x | 9.09x | 0.32x |
14 Feb 2025 (Day 3) | 0.08x | 0.05x | 1.13x | 0.22x |
13 Feb 2025 (Day 2) | 0.06x | 0.03x | 0.39x | 0.17x |
12 Feb 2025 (Day 1) | 0.04x | 0.01x | 0.04x | 0.11x |
Hexaware Technologies FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 9MCY24 | 8,533.0 | 88,200.0 | 7,025.0 | 6,139.0 | 15.8% |
| 9MCY23 | 8,048.0 | 77,643.0 | 7,631.0 | 7,241.0 | 16.1% |
| CY23 | 9,976.0 | 103,803.0 | 15,156.0 | 14,522.0 | 15.3% |
| CY22 | 8,842.0 | 91,996.0 | 8,206.0 | 7,016.0 | 15.2% |
| CY21 | 7,488.0 | 71,777.0 | 9,798.0 | 8,714.0 | 16.7% |
Hexaware Technologies IPO SUBSCRIPTION STATUS DETAILS
Hexaware Technologies had 123.6 M shares on offer
Hexaware Technologies IPO offer price was in the range ₹674 - ₹708
Hexaware Technologies IPO minimum Investment was ₹14154
Hexaware Technologies IPO issue size was ₹ 83298.0 M - ₹ 87500.0 M
Hexaware Technologies had a minimum lot size of 21 Shares per application
Hexaware Technologies NUMBER OF SHARES ON OFFER
Hexaware Technologies IPO IMPORTANT DATES
| Issue Open Date | 12 Feb 2025 |
| Issue close Date | 14 Feb 2025 |
| Allotment Date | 17 Feb 2025 |
| Refund Date | 18 Feb 2025 |
| Demat Account Credit Date | 18 Feb 2025 |
| Listing Date | 19 Feb 2025 |
| Listing on Exchange(s) | NSE and BSE |
| Hexaware Technologies Allotment Status | Exchange |
Hexaware Technologies IPO subscription opened on 12 Feb 2025, and closed on 14 Feb 2025
IPO allotment for Hexaware Technologies was finalized on Monday, 17 Feb 2025
IPO listing for Hexaware Technologies was on NSE and BSE on Wednesday, 19 Feb 2025
Hexaware Technologies IPO LISTING GAINS
| Issue Price (adjusted) | 708.0 |
| Listing Open Price | 745.5 |
| Listing Close Price | 762.5 |
| Listing Gain% | 5.3% |
| Current Gain% | -20.3% |
Hexaware Technologies Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Hexaware Technologies Ltd. | 564.6 | 34310.4 | 25.6 | 22.7 | 2.4 | 21.7 | 12.6 | 13818.7 | 14.7 | 1369.2 | 16.4 | 22.1 | 1.1 |
| Tata Consultancy Services Ltd. | 2452.7 | 887408.3 | 17.8 | 16.7 | 3.2 | 45.9 | 27 | 271423 | 4.7 | 49210 | 1.4 | 137.6 | 1.1 |
| Infosys Ltd. | 1175.1 | 476862.2 | 15.7 | 1.4 | 2.6 | 31.7 | 18.9 | 182972 | 9.8 | 29440 | 10.2 | 74.6 | 11.1 |
| HCL Technologies Ltd. | 1356.6 | 368135.8 | 21.1 | 8 | 2.7 | 22.1 | 14.3 | 131674 | 10.2 | 16642 | -4.3 | 64.2 | 2.6 |
| Wipro Ltd. | 187.5 | 185737.1 | 14.1 | -7.8 | 2 | 15 | 9.3 | 96497.7 | 3.8 | 13197.4 | 0.5 | 13.3 | -1.8 |
| Tech Mahindra Ltd. | 1635 | 160243.9 | 31.2 | 2.4 | 2.7 | 16.2 | 9.7 | 56847.3 | 5.6 | 4810.9 | 13.2 | 52.4 | 13.1 |
Hexaware Technologies INFORMATION ON IPO ISSUE
About Hexaware Technologies
Hexaware Technologies Ltd. was incorporated on November 20, 1992. The company is a global tech firm that uses artificial intelligence to create innovative solutions for its customers. Its tools and platforms help businesses adapt, innovate, and improve in today’s AI-driven world.
Object of the Issue
- To achieve the benefits of listing.
- To carry out the offer for sale of up to the equity shares aggregating up to Rs 87,500 million
Hexaware Technologies - PROMOTERS
| Name |
|---|
| CA Magnum Holdings |
Hexaware Technologies Book Running Lead Manager
Kotak Mahindra Capital Company Limited
hexaware.ipo@kotak.com
Citigroup Global Markets India Private Limited
hexaware.ipo@citi.com
J.P. Morgan India Private Limited
Hexaware_IPO@jpmorgan.com
HSBC Securities and Capital Markets (India) Private Limited
hexawareipo@hsbc.co.in
IIFL Securities Limited
hexaware.ipo@iiflcap.com
Hexaware Technologies Registrar to the Offer
KFin Technologies Limited
hexaware.ipo@kfintech.com
Hexaware Technologies Strengths
Deep domain expertise
The company offers a wide range of services and solutions to clients in six industries: Financial Services, Healthcare and Insurance, Manufacturing and Consumer, Hi-Tech and Professional Services, Banking, and Travel and Transportation
AI-led digital capabilities and platforms
The company has developed three AI-powered digital platforms to benefit customers across its services: (1) RapidX for digital transformation, (2) Tensai for AI-driven automation, and (3) Amaze for cloud adoption
Hexaware Technologies Risks
Internal Risks
The company has derived 73.4% of its revenue from the Americas and 20.5% from Europe for the nine months ended September 30, 2024. Economic downturns in these regions could impact the company's business and financial results
Dependent on skilled professionals
The company's success depends on attracting, developing, motivating, retaining, and effectively utilizing skilled employees, including IT professionals and those in sales, marketing, and other key areas, across its offices in the Americas, Europe, and Asia Pacific
Dependent on fixed-cost resources
The company’s results depend on how well it uses fixed-cost resources, including IT professionals, who made up 61.7% of the workforce as of June 30, 2024, and on increasing productivity
IPO FAQs
This IPO consists of an offer for sale of up to Rs 8,750.0 crore, of 123,587,570 shares.
The promoter of the company is CA Magnum Holdings.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 674.0 - 708.0.
The IPO application opens on Feb 12, 2025 and closes on Feb 14, 2025.
The minimum lot size for the IPO is 21. The maximum lot size for the IPO is 273.
For all category investors, the minimum application amount for this IPO is Rs. 14,154.0, the maximum value for this IPO is Rs 193,284.0.
This IPO will be allotted on Feb 17, 2025.
The refund will be credited to your account on Feb 18, 2025.
The allotted shares will be credited to your demat on Feb 18, 2025.
Hexaware Technologies Ltd.’s shares listed on the stock exchanges on Feb 19, 2025.