Hexaware Technologies IPO
Open MainLineCurrent GMP
₹1 (+0.14%)
Price Band
₹ 674 – 708
Lot Size
21
Issue Size
₹8750 Cr
Minimum Investment
₹14868 (21 Shares)
Listing Date
19 February 2025
Subscription
2.66x
About the Company
Hexaware Technologies Limited is a global digital and technology services company with a strong focus on artificial intelligence (AI). It helps clients in their digital transformation by embedding AI into solutions through a range of platforms and tools. Hexaware operates in six industries: Financial Services, Healthcare and Insurance, Manufacturing and Consumer, Hi-Tech and Professional Services, Banking, and Travel and Transportation. The company offers five key services: Design & Build, Secure & Run, Data & AI, Optimize, and Cloud Services.
Their service delivery is enhanced by AI-enabled digital platforms such as RapidX™ for digital transformation, Tensai® for AI-powered automation, and Amaze® for cloud adoption. The company serves clients globally, including 31 of the Fortune 500 organizations across the Americas, Europe, and the Asia-Pacific regions.
Notably, Hexaware has significant clients such as top global asset management firms, life sciences firms, global insurers, manufacturing organizations, and major retail and tech companies. Their customer-focused approach is reflected in their impressive Net Promoter Score (NPS) of 72 in 2024, which is significantly higher than the industry median of 42.
Hexaware has a global delivery network with 39 delivery centers and 16 offices worldwide, supporting a workforce of over 32,000 employees across 28 countries. The company has been growing rapidly, with a revenue exceeding $1 billion for two consecutive years. Their revenue has grown at a compound annual growth rate (CAGR) of 13.7% from 2021 to 2023. Recognized as the fastest-growing brand among top IT services companies, Hexaware's evolving business strategy has included shifts toward automation, cloud services, and an AI-first approach.
The company has built its reputation through a blend of innovation, customer relationships, and a diverse portfolio, driving its growth in the competitive global IT services market.
Promoters
- CA Magnum Holdings
Promoters Holding
Holding Pre Issue
95.03%
Holding Post Issue
74.70%
Objects of the Issue
The Company will not receive any proceeds from the Offer for Sale
Address / Contact Info
Hexaware Technologies Limited
152, Millennium Business Park,
Sector III, ‘A’ Block, TTC
Industrial Area, Mahape,
Navi Mumbai - 400710
Maharashtra
Phone: +91 223326 8585
Email: investori@hexaware.com
Website: http://www.hexaware.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 12 February 2025
IPO Close Date
Friday, 14 February 2025
Basis of Allotment
Monday, 17 February 2025
Initiation of Refunds
Tuesday, 18 February 2025
Credit of Shares to Demat
Tuesday, 18 February 2025
Listing Date
Wednesday, 19 February 2025 — NSE & BSE
Important Dates
Open Date
12 February 2025
Close Date
14 February 2025
Basis Of Allotment
17 February 2025
Listing Date
19 February 2025
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2024 | 31 Dec 2023 | 30 Sep 2023 | 31 Dec 2022 | 31 Dec 2021 |
|---|---|---|---|---|---|
| Assets | 8594.2 | 7202.1 | 7021.2 | 6514 | 5673.5 |
| Revenue | 8871.3 | 10389.1 | 7763.1 | 9378.8 | 7244.6 |
| Profit After Tax | 853.3 | 997.6 | 804.8 | 884.2 | 748.8 |
| Net Worth | 4876 | 4230.9 | 4294 | 3778.1 | 3503.7 |
| Reserve & Surplus | 4816.7 | 4171.6 | 4234.7 | 3719.1 | 3444.8 |
| Total Borrowings | 0 | 0 | 0 | 82.7 | 0 |
EPS Pre
0.00%
EPS Post
0.00%
P/E Pre
0.00
P/E (Post Issue)
0.00x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Dec 31, 2023. |
|---|---|
| ROE % | 0 |
| ROCE % | 0 |
| Debt / Equity | 0 |
| RoNW % | 23.6 |
| PbW | 0 |
| Pat Margin % | 10.15 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 36694915 | 29.69 | 0 |
| Qualified Institutions | 24463277 | 19.79 | 0 |
| Non-Institutional | 18347458 | 14.85 | 0 |
| BNII | 12231638 | 9.89 | 0 |
| SNII | 6115819 | 10 | 0 |
| Retail Investors | 42810734 | 34.64 | 0 |
| Employees | 1271186 | 1.03 | 0 |
| Total | 123587570 | 100 | 0 |
Subscription Status ( Fri, 14 Feb 25 01:04 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 25697329 | 233661582 | 9.09x |
| Non-Institutional | 19272997 | 3948924 | 0.2x |
| BNII | 12848665 | 2958816 | 0.23x |
| SNII | 6424332 | 990108 | 0.15x |
| Retail Investors | 44970327 | 4763472 | 0.11x |
| Employees | 1482701 | 470337 | 0.32x |
| Total | 91423354 | 242844315 | 2.66x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 21 | 14,868.00 |
| Retail (Max) | 13 | 273 | 193,284.00 |
| S-HNI (Min) | 14 | 294 | 208,152.00 |
| S-HNI (Max) | 67 | 1,407 | 996,156.00 |
| B-HNI (Min) | 68 | 1,428 | 1,011,024.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Citigroup Global Markets India Private Limited
- J.P. Morgan India Private Limited
- Kotak Mahindra Capital Company Limited
- Hsbc Securities & Capital Markets Pvt Ltd
- IIFL Capital Services Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Hexaware Technologies IPO is a Book-building IPO worth ₹8750 crores. The price band is ₹674 to 708 per share. The IPO opens on Wed, Feb 12, 2025 and closes on Fri, Feb 14, 2025. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Hexaware Technologies IPO opens on Wed, Feb 12, 2025 and closes on Fri, Feb 14, 2025
Hexaware Technologies IPO Price Band is ₹674 to 708.
Hexaware Technologies IPO lot size is 21, and the minimum amount required for application is ₹14868.
The minimum investment for Hexaware Technologies IPO is approximately ₹14868 based on the upper price band.
To apply for the Hexaware Technologies IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Feb 14, 2025. After submission, funds are blocked until the basis of allotment of Hexaware Technologies IPO is finalised.
Hexaware Technologies IPO issue size is ₹8750 crores.
Hexaware Technologies IPO allotment date is Sat, Jun 27, 2026.
The registrar for Hexaware Technologies IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Hexaware Technologies IPO through their official website or helpline.
The Hexaware Technologies IPO GMP (Grey Market Premium) is ₹1 as of Mon, Feb 17, 2025. Based on the upper price band of ₹708 per share, the estimated Hexaware Technologies IPO listing price is ₹709, indicating a potential listing gain of approximately 31% over the issue price.