Hexaware Technologies IPO
GMP, Subscription, Price, Dates & Financial Details
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:…
Open Date
Wed, 12 Feb 2025
Close Date
Fri, 14 Feb 2025
Price Band
₹ 674 – 708
Lot Size
21
Issue Size
₹ 8,750.00 Cr
Minimum Investment
₹ 14,868 (21 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Hexaware Technologies IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹8,750.00 Crore and an offer for sale (OFS) of 12.36 Crore equity shares aggregating to ₹8,750.00 Crore by the existing shareholders.
The Hexaware Technologies IPO remained open for subscription from February 12, 2025, to February 14, 2025. The basis of allotment was finalized on February 17, 2025, and the company's shares were listed on the NSE and BSE on February 19, 2025.
The company had fixed the price band at ₹674 to ₹708 per share, with a lot size of 21 shares. Retail investors were required to make a minimum investment of ₹14,868 (based on the upper price band) to apply for one lot.
The IPO also included a reservation of 1,271,186 equity shares for eligible employees, who received a discount of ₹67 per share.
KFin Technologies Limited served as the registrar to the issue. Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited, Hsbc Securities & Capital Markets Pvt Ltd, and IIFL Capital Services Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Hexaware Technologies Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Hexaware Technologies IPO Timeline (Tentative)
- IPO Open Date
- Wed, 12 Feb 25
- IPO Close Date
- Fri, 14 Feb 25
- Basis of Allotment
- Mon, 17 Feb 25
- Initiation of Refunds
- Tue, 18 Feb 25
- Credit of Shares to Demat
- Tue, 18 Feb 25
- Listing Date
- Wed, 19 Feb 25 — NSE & BSE
Open Date
12 February 2025
Close Date
14 February 2025
Basis Of Allotment
17 February 2025
Listing Date
19 February 2025
IPO Subscription
Check Live Subscription →The Hexaware Technologies IPO has received bids for 24,28,44,315 shares against 9,14,23,354 shares offered, resulting in an overall subscription of 2.66x. the NII category is subscribed 0.2x, Retail Investors 0.11x, Employees 0.32x, and QIBs 9.09x. Within the NII category, BNII is subscribed 0.23x, while SNII is subscribed 0.15x.
QIB
9.09x
NII
0.2x
BNII
0.23x
SNII
0.15x
RII
0.11x
EMP
0.32x
Total
2.66x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 4,28,10,734 shares, representing 34.64% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 2,44,63,277 shares (19.79%), while Non-Institutional Investors (NIIs) receive 1,83,47,458 shares (14.85%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 36,694,915 | 29.69% |
| Qualified Institutions | 24,463,277 | 19.79% |
| Non-Institutional | 18,347,458 | 14.85% |
| BNII | 12,231,638 | 9.89% |
| SNII | 6,115,819 | 10% |
| Retail Investors | 42,810,734 | 34.64% |
| Employees | 1,271,186 | 1.03% |
| Total | 123,587,570 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Hexaware Technologies Limited KPI Information
| Particular | KPI as of Dec 31, 2023. |
|---|---|
| RoNW % | 23.6 |
| Pat Margin % | 10.15 |
Peers Comparison
No Peer Comparision Available
About Hexaware Technologies Limited
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.
Hexaware Technologies IPO Promoters
- CA Magnum Holdings
Promoters Holding
Holding Pre Issue
95.03%
Holding Post Issue
74.70%
Hexaware Technologies IPO Objective
The Company will not receive any proceeds from the Offer for Sale
Hexaware Technologies Limited Address / Contact Details
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
Hexaware Technologies IPO Lot Size
The Hexaware Technologies IPO has a lot size of 21 shares. Retail investors require a minimum investment of ₹14,868 by applying for 1 lot (21 shares). The maximum application allowed for the retail category is 13 lots (273 shares), requiring an investment of ₹1,93,284.
| 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 |
Issue Reservation
- Anchor Investors — 29.69%
- QIB — 19.79%
- NII — 14.85%
- RII — 34.64%
- EMP — 1.03%
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
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Hexaware Technologies IPO?
Hexaware Technologies IPO is a Book-building IPO with a total issue size of ₹8750 crore. The Hexaware Technologies IPO price band is ₹674 to 708 per share. The Hexaware Technologies IPO subscription opens on Wed, Feb 12, 2025, and closes on Fri, Feb 14, 2025. The Hexaware Technologies IPO will be listed on the BSE,NSE. KFin Technologies Limited is the registrar for the Hexaware Technologies IPO.
When will the Hexaware Technologies IPO open for subscription?
The Hexaware Technologies IPO opens on Wed, Feb 12, 2025 and closes on Fri, Feb 14, 2025
What is Hexaware Technologies IPO Price Band?
Hexaware Technologies IPO Price Band is ₹674 to 708 per share.
What is Hexaware Technologies IPO Lot Size?
Hexaware Technologies IPO lot size is 21 shares, Retail investors need a minimum investment of ₹14868 based on the upper price band
What is the minimum investment for Hexaware Technologies IPO?
The minimum investment for Hexaware Technologies IPO is ₹14868, based on one lot of 21 shares at the upper price band of ₹708 per share.
How to apply for Hexaware Technologies IPO?
Investors can apply for the Hexaware Technologies IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Feb 14, 2025. The application amount remains blocked until the Hexaware Technologies IPO allotment is finalized.
What is Hexaware Technologies IPO Issue Size?
Hexaware Technologies IPO issue size is ₹8750 crores.
What is the Hexaware Technologies IPO Allotment Date?
Hexaware Technologies IPO allotment date is Mon, Feb 17, 2025.
Who is the Hexaware Technologies IPO Registrar?
The registrar for Hexaware Technologies IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Hexaware Technologies IPO allotment status, refund processing, and other IPO-related information.
What is the Hexaware Technologies IPO GMP?
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 0.14% over the issue price.
Who is the Hexaware Technologies IPO Lead Manager?
The book-running lead managers (BRLMs) for the Hexaware Technologies IPO are Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited, Hsbc Securities & Capital Markets Pvt Ltd, and IIFL Capital Services Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Hexaware Technologies IPO Red Herring Prospectus (RHP).