Hexaware Technologies Limited is engaged in the business of global digital and technology services with artificial intelligence.
The company uses technology to offer innovative solutions, integrating AI to help customers adapt, innovate, and improve in the AI-driven world.
The company has major offshore delivery centers in India (Chennai, Pune, Bengaluru, Noida, etc.) and Sri Lanka. It plans expansion into Tier 2 cities and aims to open new centers in Ahmedabad.
As of September 30, 2024, the company has a global delivery presence with 39 centers and 16 offices across the Americas, Europe, and APAC.
The company provides services in its operating segments across six industries Financial Services, Healthcare & and; Insurance, Manufacturing & and; Consumer, Hi-Tech & and; Professional Services, Banking, and Travel & and Transportation.
The company offers services through AI-powered platforms like RapidX™ for digital transformation, Tensai® for automation, and Amaze® for cloud adoption, serving customers globally across multiple regions.
The Company’s Services:
- Design & Build: The company helps customers drive digital transformation by integrating technologies across products and services, focusing on new product launches, software development, and enhancing ERP systems to improve time to market and productivity.
- Secure & Run: The company secures, manages, and optimizes IT operations across applications, middleware, data, devices, and hybrid infrastructure for customers.
- Data & AI: The company creates robust data foundations for customers, enabling sustainable data value creation. Using AI and ML technologies, it transforms data into actionable insights, enhancing agility and trust in business decisions.
- Optimize: The company’s Gen AI-powered business process services enable personalized interactions, automation, analytics, and talent management across various industries.
- Cloud Services: The company’s Cloud Services serve as the foundation, leveraging cloud capabilities across all service lines for enhanced offerings.
As of September 30, 2024, the company has 32,536 employees, of which 30,171 are full-time employees and 2,365 are contracted employees.
Hexaware Technologies IPO – Details
| IPO Opening Date | 12 February 2025 |
| IPO Closing Date | 14 February 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 12,35,87,570 Shares Worth ₹8,750.00 Crore Offer for Sale: 12,35,87,570 Shares Worth ₹8,750.00 Crore |
| Face Value | ₹1 per equity share |
| IPO Price | ₹674 – ₹708 per share |
| Market Lot | 21 Shares |
| Min Order | 21 Shares (1 Lot) |
| Employee Discount | ₹67 |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Hexaware Technologies IPO – Date Schedule
| IPO Open Date | 12 February 2025 |
| IPO Close Date | 14 February 2025 |
| Basis of Allotment | 17 February 2025 |
| Initiation of Refund | 18 February 2025 |
| Credit of Shares to Demat Account | 18 February 2025 |
| IPO Listing Date | 19 February 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 14, 2025 |
Hexaware Technologies IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 21 | ₹14,868 |
| Retail (Max) | 13 | 273 | ₹1,93,284 |
| S-HNI (Min) | 14 | 294 | ₹2,08,152 |
| S-HNI (Max) | 67 | 1,407 | ₹9,96,156 |
| B-HNI (Min) | 68 | 1,428 | ₹10,11,024 |
Competitive Strengths
- Deep domain expertise delivered through comprehensive solutions across industries.
- AI-led digital capabilities and platforms built in-house with innovation as a strategic pillar.
- Long-term and embedded relationships with diversified blue-chip customer base.
- Go-to-market strategy focused on customer acquisition and expansion.
- Global, scalable, flexible delivery model with a certified and skilled talent pool.
- Experienced and tenured leadership driving a people-first and thriving organizational culture.
- Track record of growth and cash generation.
Company Promoters
- CA Magnum Holdings
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 7,244.60 | 6,303.40 | 748.80 | |
| 31 March 2022 | 9,378.80 | 8,255.80 | 884.20 | 82.70 |
| 31 March 2023 | 10,389.10 | 9,120.60 | 997.60 | |
| 30 September 2024 | 8,871.30 | 7,728.00 | 853.30 |
Key Performance Indicator
| KPI | Values |
|---|---|
| RoNW | 23.6% |
| PAT Margin | 9.60 |
| Price to Book Value | 10.15 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 16.41 | |
| P/E (x) | 41 |
Object Of The Issue
- The Company will not receive any proceeds from the Offer for Sale.
Hexaware Technologies IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 5 | Persistent Systems Limited | 84.00 |
| 2 | 10 | Coforge Limited | 64.00 |
| 3 | 1 | LTIMindtree Limited | 38.00 |
| 4 | 10 | Mphasis Limited | 34.00 |
Hexaware Technologies IPO Promoter Holding
| Pre Issue Share Holding | 95.03% |
| Post Issue Share Holding | 74.71% |
Hexaware Technologies IPO Prospectus
Company Contact Information
| 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/ |
Hexaware Technologies IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: hexaware.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Hexaware Technologies IPO Lead Manager(s)
| 1. IIFL Capital Services Limited 2. J.P. Morgan India Private Limited 3. Kotak Mahindra Capital Company Limited 4. Citigroup Global Markets India Private Limited 5. HSBC Securities and Capital Markets (India) Private Limited |
Hexaware Technologies IPO FAQs
| What is Hexaware Technologies IPO? Hexaware Technologies IPO is a main-board IPO. The issue is priced at ₹674 to ₹708 per equity share. The IPO is to be listed on BSE & NSE. |
| When Hexaware Technologies IPO will open? The IPO is to open on 12 February 2025 for QIB, NII, and Retail Investors. |
| What is Hexaware Technologies IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Hexaware Technologies IPO? You can apply Hexaware Technologies IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Hexaware Technologies IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Hexaware Technologies IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Hexaware Technologies IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Hexaware Technologies IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Hexaware Technologies IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Hexaware Technologies IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Hexaware Technologies IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Hexaware Technologies IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Hexaware Technologies IPO Size? Hexaware Technologies IPO size is ₹8,750.00 Crore. |
| What is the Hexaware Technologies IPO Price Band? Hexaware Technologies IPO Price Band is ₹674 to ₹708. |
| What is Hexaware Technologies IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 21 Shares with ₹14,868 amount while the maximum bid is 273 Shares with ₹1,93,284. |
| What is the Hexaware Technologies IPO Allotment Date? Hexaware Technologies IPO allotment date is 17 February 2025. |
| What is the Hexaware Technologies IPO Listing Date? Hexaware Technologies IPO listing date is 19 February 2025. The IPO is to be listed on BSE and NSE. |
