1. Company Background & Industry Overview
Hexaware Technologies Limited is a leading global player in digital transformation, focusing on AI-driven solutions to help businesses adapt, innovate, and thrive. Established in 1992, the company provides services across six industries, including Financial Services, Healthcare, Manufacturing, Hi-Tech, Banking, and Travel & Transportation. Hexaware offers AI-powered platforms such as RapidX™, Tensai®, and Amaze® to drive digital transformation, automation, and cloud adoption.
The company operates major delivery centers in India and Sri Lanka and plans to expand into Tier 2 cities in India. As of September 2024, Hexaware has 39 global delivery centers and 16 offices worldwide.
2. IPO Details
| Details | Information |
|---|---|
| IPO Date | February 12, 2025 to February 14, 2025 |
| Listing Date | February 19, 2025 |
| Face Value | ₹1 per share |
| Issue 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 |
| Share Holding Pre Issue | 60,76,94,668 shares |
| Share Holding Post Issue | 60,76,94,668 shares |
3. Key Timelines
| Event | Date |
|---|---|
| IPO Open Date | Wed, Feb 12, 2025 |
| IPO Close Date | Fri, Feb 14, 2025 |
| Tentative Allotment | Mon, Feb 17, 2025 |
| Initiation of Refunds | Tue, Feb 18, 2025 |
| Credit of Shares to Demat | Tue, Feb 18, 2025 |
| Tentative Listing Date | Wed, Feb 19, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 14, 2025 |
4. IPO Reservation (Investor Category, Shares Offered)
| Investor Category | Shares Offered | Percentage (%) |
|---|---|---|
| Anchor Investor Shares Offered | 3,66,94,914 | 29.66% |
| QIB Shares Offered | 2,44,63,278 | 19.77% |
| NII (HNI) Shares Offered | 1,83,47,458 | 14.83% |
| bNII > ₹10L | 1,22,31,638 | 9.89% |
| sNII < ₹10L | 61,15,819 | 4.94% |
| Retail Shares Offered | 4,28,10,734 | 34.6% |
| Employee Shares Offered | 14,04,056 | 1.13% |
| Total Shares Offered | 12,37,20,440 | 100% |
5. Lot Size
| Category | Number of Shares | Amount (₹) |
|---|---|---|
| Retail (Minimum) | 21 | ₹14,868 |
| Retail (Maximum) | 273 | ₹1,93,284 |
| S-HNI (Minimum) | 294 | ₹2,08,152 |
| S-HNI (Maximum) | 1,407 | ₹9,96,156 |
| B-HNI (Minimum) | 1,428 | ₹10,11,024 |
6. Financial Information
| Financials | 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 | – |
7. Key Valuation Metrics (Pre-IPO)
| Metric | Value |
|---|---|
| RoNW (Return on Net Worth) | 23.6% |
| PAT Margin | 9.60% |
| Price to Book Value | 10.15 |
8. Subscription Details
| Category | Subscription (times) | Shares Offered | Shares Bid For |
|---|---|---|---|
| QIB | 9.55 | 2,44,63,278 | 23,36,61,582 |
| NII | 0.21 | 1,83,47,458 | 39,48,924 |
| bNII (bids above ₹10L) | 0.24 | 1,22,31,638 | 29,58,816 |
| sNII (bids below ₹10L) | 0.16 | 61,15,819 | 9,90,108 |
| Retail | 0.11 | 4,28,10,734 | 47,64,102 |
| Employee | 0.33 | 14,04,056 | 4,70,358 |
| Total | 2.79 | 8,70,25,526 | 24,28,44,966 |
9. Contact Details
Company Contact:
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/
Registrar:
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: hexaware.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
10. Objectives of the IPO
The proceeds from the offer will be used for:
- General corporate purposes.
- Reducing debt, enhancing financial flexibility, and supporting business expansion plans.
11. FAQs
What is the IPO price band for Hexaware Technologies IPO?
The price band is ₹674 to ₹708 per share.When is the IPO opening and closing?
The IPO opens on February 12, 2025, and closes on February 14, 2025.What is the listing date of Hexaware Technologies IPO?
The tentative listing date is February 19, 2025.How many shares are offered in the IPO?
A total of 12.36 crore shares are offered in the IPO.What is the minimum lot size for the IPO?
The minimum lot size is 21 shares.Is there an employee discount?
Yes, employees get a discount of ₹67 per share.- How to apply for the Hexaware Technologies IPO?
Investors can apply via ASBA through banks or through broker platforms like Angel One.
12. Listing Day Performance
| IPO Name | Subscription Status | IPO Price | Listing Date | Open | High | Low | Close | Gain (%) |
|---|---|---|---|---|---|---|---|---|
| Hexaware Technologies | 2.79 | ₹674 to ₹708 | February 19, 2025 | 745.50 | 788 | 708 | 762.55 | 7.70 |