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Hexaware Technologies IPO is a book-built issue of Rs 8,750.00 crores. The issue is entirely an offer for the sale of 12.36 crore shares.
The IPO opened for subscription on February 12, 2025, and will close on February 14, 2025. The price band is set at ₹674 to ₹708 per share and the minimum lot size for an application is 21 shares.
Company Summary
Incorporated in 1992, Hexaware Technologies Limited is engaged in the business of global digital and technology services offering innovative solutions, and 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.
Business Segment: 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.
Platforms: 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.
Competitive Strength:
- 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 a diversified blue-chip customer base
- A 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.
Promoters of the company
CA Magnum Holdings is the Promoter of the Company. Promoter holds 577,604,202 Equity Shares, representing 95.03% of the pre-offer issued, subscribed, and paid-up equity share capital of the Company, on a fully diluted basis.
Company Financials
| Period Ended | 30 Sep 2024 | 31 Dec 2023 | 30 Sep 2023 | 31 Dec 2022 | 31 Dec 2021 |
| Assets | 8,594.2 | 7,202.1 | 7,021.2 | 6,514 | 5,673.5 |
| Revenue | 8,871.3 | 10,389.1 | 7,763.1 | 9,378.8 | 7,244.6 |
| Profit After Tax | 853.3 | 997.6 | 804.8 | 884.2 | 748.8 |
| Net Worth | 4,876 | 4,230.9 | 4,294 | 3,778.1 | 3,503.7 |
| Reserves and Surplus | 4,816.7 | 4,171.6 | 4,234.7 | 3,719.1 | 3,444.8 |
| Total Borrowing | – | – | – | 82.7 | – |
Amount in ₹ Crore | |||||
IPO details
| IPO Date | February 12, 2025 to February 14, 2025 |
| Listing Date | Wednesday, Feb 19, 2025 |
| Face Value | ₹1 per share |
| Issue Price Band | ₹674 to ₹708 per share |
| Lot Size | 21 Shares |
| Total Issue Size | 12,35,87,570 shares (aggregating up to ₹8,750.00 Cr) |
| Offer for Sale | 12,35,87,570 shares of ₹1 (aggregating up to ₹8,750.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Lot Allocation details
| 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 | 1407 | ₹9,96,156 |
| B-HNI (Min) | 68 | 1428 | ₹10,11,024 |
Allotment Schedule
| Allotment | Monday, Feb 17, 2025 |
| Initiation of Refunds | Tuesday, Feb 18, 2025 |
| The credit of Shares to Demat | Tuesday, Feb 18, 2025 |
| Listing Date | Wednesday, Feb 19, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 14, 2025 |
IPO Reservation
| Investor Category | Shares Offered |
| Anchor Investor Shares Offered | 3,66,94,914 (29.66%) |
| QIB Shares Offered | 2,44,63,278 (19.77%) |
| NII (HNI) Shares Offered | 1,83,47,458 (14.83%) |
| Retail Shares Offered | 4,28,10,734 (34.6%) |
| Employee Shares Offered | 14,04,056 (1.13%) |
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