The much-anticipated Hexaware Technologies IPO is set to open for subscription on February 12, 2025, and will close on February 14, 2025. This Book Built Issue IPO aims to raise approximately ₹8,750.00 crores, which includes a fresh issue of ₹12,996.93 crores and an offer for sale (OFS) of up to 12,35,87,570 equity shares, each with a face value of ₹1.
Hexaware Technologies IPO Price Band & Market Quota
- IPO Price Band: ₹674 to ₹708 per share
- Retail Investor Quota: 35%
- Qualified Institutional Buyers (QIB): 50%
- High Net-Worth Individuals (HNI): 15%
- Listing Exchange: BSE & NSE
- IPO Listing Date: February 19, 2025
- Allotment Date: February 17, 2025
Hexaware Technologies Financial Performance
The company has demonstrated strong financial growth, making Hexaware Technologies IPO an attractive investment option:
- Revenue (December 2023): ₹10,389.10 crores (compared to ₹9,378.80 crores in December 2022)
- Profit (December 2023): ₹997.60 crores (compared to ₹884.20 crores in December 2022)
Should You Apply for Hexaware Technologies IPO?
Considering the company’s consistent revenue growth and profitability, Hexaware Technologies IPO presents a strong long-term investment opportunity. Investors looking for sustained returns in the IT sector should consider applying for this IPO.
Hexaware Technologies IPO Date & Price Band Details
| Category | Details |
|---|---|
| IPO Open Date: | February 12, 2025 |
| IPO Close Date: | February 14, 2025 |
| Face Value: | ₹1 Per Equity Share |
| IPO Price Band: | ₹674 to ₹708 Per Share |
| Issue Size: | Approx ₹8,750.00 Crores |
| Offer for Sale: | Approx 12,35,87,570 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Hexaware Technologies: Company Overview, Strengths, and Risks
Hexaware Technologies is a global IT and BPO service provider headquartered in Mumbai, India. Founded in 1990, the company offers a range of services, including:
- Application transformation management
- Business intelligence and analytics
- Digital assurance
- Enterprise solutions
- Customer experience transformation
- Business process services
- Digital customer experience
- Infrastructure management services
Hexaware serves various industries, including banking and financial services, healthcare and insurance, travel and transportation, manufacturing, and consumer.
Strengths
- Diverse service portfolio: Hexaware offers a wide range of IT and BPO services, catering to various client needs.
- Global presence: The company has a strong presence in multiple countries, enabling it to serve clients worldwide.
- Focus on digital transformation: Hexaware emphasizes helping clients with their digital transformation journeys.
- Strong partnerships: The company has partnerships with leading technology providers like Oracle, SAP, and Microsoft.
- Experienced leadership: Hexaware has a seasoned leadership team with a proven track record.
Risks
- Competition: The IT services market is highly competitive, with established players and emerging companies vying for market share.
- Economic downturn: Global economic uncertainties can impact IT spending, potentially affecting Hexaware’s revenue.
- Talent acquisition and retention: Attracting and retaining skilled IT professionals is crucial, and competition for talent is intense.
- Technological advancements: Keeping pace with rapid technological changes and adapting service offerings accordingly is essential.
- Data security and privacy: Protecting client data and complying with evolving data privacy regulations is a critical concern.
Hexaware Technologies IPO Market Lot
The Hexaware Technologies IPO has set a minimum lot size of 21 shares, requiring an application amount of ₹14,868. Retail investors can apply for a maximum of 13 lots, which totals 273 shares, amounting to ₹1,93,284. Investors looking to participate in the Hexaware Technologies IPO should consider the lot size requirements before placing their bids.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 21 | ₹14,868 |
| Retail Maximum | 13 | 273 | ₹1,93,284 |
| S-HNI Minimum | 14 | 294 | ₹2,08,152 |
| B-HNI Minimum | 68 | 1,428 | ₹10,11,024 |
Hexaware Technologies IPO Allotment & Listing Dates
The Hexaware Technologies IPO is set to open for subscription on February 12, 2025, and will close on February 14, 2025. Investors can expect the Hexaware Technologies IPO allotment to be finalized on February 17, 2025, with the much-awaited Hexaware Technologies IPO listing scheduled for February 19, 2025. Stay updated on the latest details of the Hexaware Technologies IPO to make informed investment decisions.
| Type | Date |
|---|---|
| IPO Open Date: | February 12, 2025 |
| IPO Close Date: | February 14, 2025 |
| Basis of Allotment: | February 17, 2025 |
| Refunds: | February 18, 2025 |
| Credit to Demat Account: | February 18, 2025 |
| IPO Listing Date: | February 19, 2025 |
Hexaware Technologies IPO: Promoters
The Hexaware Technologies IPO is backed by its promoters, CA Magnum Holdings, which plays a crucial role in the company’s growth and strategic direction. As a key stakeholder, CA Magnum Holdings aims to drive Hexaware Technologies towards long-term success, making this IPO a significant opportunity for investors.
Hexaware Technologies IPO Company Financial Report
Hexaware Technologies IPO: The company has demonstrated strong financial growth, reporting a revenue of ₹10,389.10 crores in December 2023, marking an increase from ₹9,378.8 crores in December 2022. Additionally, Hexaware Technologies reported a profit of ₹997.6 crores in December 2023, showing a rise from ₹884.2 crores in December 2022. This consistent upward trend in revenue and profit strengthens the company’s market position ahead of the much-anticipated Hexaware Technologies IPO.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| December 2021 | ₹7,244.6 | ₹6,303.4 | ₹748.8 | ₹5,673.5 |
| December 2022 | ₹9,378.8 | ₹8,255.8 | ₹884.2 | ₹6,514.0 |
| December 2023 | ₹10,389.1 | ₹9,120.6 | ₹997.6 | ₹7,202.1 |
| September 2024 | ₹8,871.3 | ₹7,728 | ₹853.3 | ₹8,594.2 |
Hexaware Technologies IPO Valuation – FY2023
| KPI | Values |
|---|---|
| ROE: | -% |
| ROCE: | -% |
| EBITDA Margin: | 16.2% |
| PAT Margin: | 9.6% |
| Debt to equity ratio: | NA |
| Earning Per Share (EPS): | ₹16.45 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 23.6% |
| Net Asset Value (NAV): | ₹69.77 |
Voler Car Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Persistent Systems Limited | 72.44 | 73 | 22.1% | 321.82 | 9,821.6 Cr. |
| Coforge Limited | 131.56 | 50 | 23.0% | 586.63 | 9,179 Cr. |
| LTIMindtree Limited | 154.85 | 40 | 22.9% | 676.55 | 35,517 Cr. |
| Mphasis Limited | 82.42 | 37 | 17.7% | 465.33 | 13,278.5 Cr. |
Hexaware Technologies IPO Review
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Hexaware Technologies IPO Registrar
KFin Technologies Limited
Phone: : (+91) 40 6716 2222
E-mail: hexaware.ipo@kfintech.com
Website: https://ris.kfintech.com/
Hexaware Technologies IPO Lead Managers aka Merchant Bankers
- Citigroup Global Markets India Private Limited
- HSBC Securities and Capital Markets (India) Private Limited
- IIFL Securities Limited
- J.P. Morgan India Private Limited
- Kotak Mahindra Capital Company Limited
Hexaware Technologies Company Address
Hexaware Technologies IPO Limited
152, Millennium Business Park, Sector III, ‘A’ Block, TTC
Industrial Area, Mahape, Navi Mumbai
Maharashtra – 400 710, India
Phone: (+91) 22 3326 8585
E-mail: investori@hexaware.com
Website: www.hexaware.com
FAQs for Hexaware Technologies IPO
Hexaware Technologies IPO is a Book Built Issue IPO that aims to raise approximately ₹8,750 crores, with an offer for sale (OFS) of 12,35,87,570 equity shares. The IPO will be listed on BSE & NSE.
The Hexaware Technologies IPO will open for subscription on February 12, 2025, and close on February 14, 2025.
The price band for Hexaware Technologies IPO is set at ₹674 to ₹708 per equity share.
Investors can apply for the IPO through ASBA (Application Supported by Blocked Amount) via their bank or through UPI-based applications using SCSBs (Self Certified Syndicate Banks).
The minimum lot size for Hexaware Technologies IPO is 21 equity shares, requiring a minimum investment of ₹14,868 for retail investors.
The IPO is expected to list on BSE & NSE on February 19, 2025.
The Book Running Lead Managers (BRLMs) for Hexaware Technologies IPO include:
Kotak Mahindra Capital Company Limited
Citigroup Global Markets India Private Limited
J.P. Morgan India Private Limited
HSBC Securities and Capital Markets (India) Private Limited
IIFL Securities Limited
Hexaware Technologies has shown strong financial growth:
Revenue: ₹10,389.10 crores (Dec 2023) vs. ₹9,378.80 crores (Dec 2022)
Profit: ₹997.60 crores (Dec 2023) vs. ₹884.20 crores (Dec 2022)
The IPO is backed by CA Magnum Holdings, which plays a crucial role in the company’s growth and strategic direction.
Some potential risks include:
High competition in the IT services sector
Economic downturn affecting IT spending
Talent acquisition challenges
Rapid technological advancements requiring adaptation
Disclaimer: This information is for general knowledge and informational purposes only and does not constitute financial, investment, or other professional advice.
