Hexaware Technologies IPO Details
The key details of Hexaware Technologies’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹8,750 Cr |
| Price Range | ₹674 - ₹708 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 21 |
| Investment (cut-off price) | ₹14,868 |
| Pre IPO Promotor Holding | 95.03% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Hexaware Technologies IPO Timelines
The IPO process for Hexaware Technologies includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
12/02/2025
Start Date14/02/2025
End Date18/02/2025
Refund Initiation18/02/2025
Credit of Shares to Demat Ac19/02/2025
Listing DateHexaware Technologies IPO Lot Size
The Hexaware Technologies IPO has a fixed lot size of 21 shares, at an upper price band of ₹708 per share, requiring ₹14,868 per lot for retail investors. Retail investors can apply for a maximum of 273 shares worth ₹193,284. For Small HNI (S-HNI), the minimum application starts at 294 shares (₹208,152) up to 1,407 shares (₹996,156), while Big HNI (B-HNI) requires a minimum of 1,428 shares amounting to ₹1,011,024.
| 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 |
| S-HNI Maximum | 67 | 1407 | ₹9,96,156 |
| B-HNI Minimum | 68 | 1428 | ₹10,11,024 |
Hexaware Technologies IPO Subscription Status
The subscription status for Hexaware Technologies IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 6.89x | 0.22x | 0.12x | 0.33x | 2.05x |
IPO Performance on Listing Day
On the listing day (February 19, 2025), Hexaware Technologies made a positive debut on the stock exchange. The stock opened at ₹745.5, delivering a decent premium of 5.3% over its issue price of ₹708. During the trading session, the stock showed good momentum, reaching a high of ₹788 before briefly touching its issue price level. The shares concluded their first trading day at ₹762.55, securing a healthy gain of 7.7% over the issue price, reflecting steady investor confidence in this IT services major.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹745.5 | ₹762.55 | ₹788.00 | ₹708.00 |
Hexaware Technologies IPO Company Financials
Hexaware Technologies reports robust performance in 9M FY2024 with Total Income of ₹10,389.1 crores, managing expenses at ₹9,120.6 crores, and achieving a strong PAT (Profit After Tax) of ₹997.6 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 (9 M) | ₹7,244.6 | ₹6,303.4 | ₹748.8 |
| FY 2023 (9 M) | ₹9,378.8 | ₹8,255.8 | ₹884.2 |
| FY 2024 (9 M) | ₹10,389.1 | ₹9,120.6 | ₹997.6 |
| FY 2025 (6 M) | ₹8,871.3 | ₹7,728 | ₹853.3 |
About Company
Hexaware Technologies Limited, founded in 1992, is a global digital and technology services provider that focuses on artificial intelligence (AI). The company integrates AI into its solutions to help customers innovate and improve in the rapidly evolving AI-driven world. With major offshore delivery centers in India and Sri Lanka, Hexaware is expanding into Tier 2 cities, including a planned new center in Ahmedabad. As of September 30, 2024, Hexaware operates 39 centers and 16 offices worldwide across regions such as the Americas, Europe, and APAC.
Hexaware serves various industries through six key segments: Financial Services, Healthcare and Insurance, Manufacturing and Consumer, Hi-Tech and Professional Services, Banking, and Travel and Transportation. The company’s offerings span five core services: Design & Build, Secure & Run, Data & AI, Optimize, and Cloud Services. These services are delivered through AI-powered platforms like RapidX™ for digital transformation, Tensai® for automation, and Amaze® for cloud adoption. Hexaware’s global customer base is supported by strong partnerships, enhancing their service capabilities and market reach.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 1992 | IT (Information Technology) | Srikrishna Ramakarthikeyan |
Know Before Investing
Hexaware Technologies IPO Strengths
- Hexaware is a global digital and technology services company that embeds AI in every solution to drive digital transformation, innovation, and optimization.
- Hexaware provides AI-powered services like Data & AI, Cloud, and automation through platforms like RapidX™, Tensai®, and Amaze®.
- Hexaware Technologies serves 31 Fortune 500 companies, partnering with top firms across asset management, life sciences, insurance, manufacturing, and banking.
- Hexaware has a diversified presence across geographies, including the Americas, Europe, and APAC regions.
- Hexaware operates a global IT services model, leveraging cutting-edge technology and innovation to deliver business solutions across multiple industries.
- The company leverages technology to provide innovative solutions that help its customers in their digital transformation journey.
Hexaware Technologies IPO Risks
- Hexaware’s revenue is significantly dependent on the Americas and Europe, making it vulnerable to adverse economic conditions in these regions.
- High attrition rates and intense competition for skilled talent can lead to increased hiring expenses and reduced operational efficiency.
- The company faces legal challenges, including a complaint in the US alleging breach of contract, discrimination, and wrongful termination, as well as disputes with a former employee in Germany. These issues pose potential financial and reputational risks.
- Increased subcontracting charges can negatively impact profitability. The company aims to reduce these charges as a percentage of revenue.
- Hexaware faces risks associated with client concentration, meaning a significant portion of its revenue comes from a limited number of clients.
- The IT services market is highly competitive, which may affect Hexaware’s cost advantage.
- Rising wages can impact profitability and cost management.
Swot Analysis for Hexaware Technologies IPO
Strengths
Diversified services, Integrated offerings, Outperforming industry growth
Weaknesses
High employee turnover, Economic fluctuations impact revenue, Declining profitability
Opportunities
Cloud computing, AI solutions demand, expanding Application Services market
Threats
Intense competition for skilled talent, Saturation in urban markets, Legal actions
Company Details
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/
IPO Registar Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: hexaware.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
FAQs
The key objectives of Hexaware Technologies IPO are:
- The Company will not receive any proceeds from the Offer for Sale
Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, Citigroup Global Markets India Private Limited, Hsbc Securities & Capital Markets Pvt Ltd, Iifl Securities Ltd are the book-running lead managers for the Hexaware Technologies IPO.