Hexaware Technologies IPO; Hexaware Technologies IPO is a book built issue of Rs 8,750.00 crores. The issue is entirely an offer for sale of 12.36 crore shares. Hexaware Technologies IPO opens for subscription on February 12, 2025 and closes on February 14, 2025. The allotment for the Hexaware Technologies IPO is expected to be finalized on Monday, February 17, 2025. Hexaware Technologies IPO will be list on BSE, NSE with a tentative listing date fixed as Wednesday, February 19, 2025. Hexaware Technologies IPO price band is set at ₹674 to ₹708 per share. The minimum lot size for an application is 21. The minimum amount of investment required by retail investors is ₹14,868. The minimum lot size investment for sNII is 14 lots (294 shares), amounting to ₹2,08,152, and for bNII, it is 68 lots (1,428 shares), amounting to ₹10,11,024.
Stay tuned with IPO Wheel to get more details about Ajax Engineering Mainline IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
Hexaware Technologies IPO Overview
| Name of Company | Hexaware Technologies IPO |
| IPO Type | Mainline IPO |
| Issue Size | ₹8,750.00 Crore |
| Issue Type | Offer for Sale (OFS) |
| Face Value | ₹1 per share |
| Price Band | ₹674 to ₹708 |
| Lot Size | 21 Shares |
| Minimum Investment | ₹14,868 (21 shares) |
| IPO Opening Date | February 12, 2025 |
| IPO Closing Date | February 14, 2025 |
| Allotment Date | February 17, 2025 (Tentative) |
| Refund Initiation | February 18, 2025 (Tentative) |
| Demat Credit Date | February 18, 2025 (Tentative) |
| Listing Date | February 19, 2025 (Tentative) |
| Exchanges | BSE, NSE |
| Grey Market Premium (GMP) | To be updated daily |
| Listing Price Expectation | To be updated closer to listing |
Hexaware Technologies IPO GMP (Grey Market Premium) Trend
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 08-02-2025 | ₹708.00 | ₹9 (No Change) | 100/1400 | ₹717 (1.27%) | 08-Feb-2025 10:15 |
| 07-02-2025 | ₹708.00 | ₹9 (Down) | 100/1400 | ₹717 (1.27%) | 07-Feb-2025 23:35 |
| 06-02-2025 | ₹708.00 | ₹19 (No Change) | 300/4200 | ₹727 (2.68%) | 06-Feb-2025 23:37 |
Hexaware Technologies IPO Lot Size & Investment Details
| Category | 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 |
- Retail Investors: Can apply for a minimum of 1 lot (21 shares) and a maximum of 13 lots (273 shares).
- S-HNI (Small High Net-worth Individuals): Minimum 14 lots (294 shares) and maximum 67 lots (1,407 shares).
- B-HNI (Big High Net-worth Individuals): Minimum 68 lots (1,428 shares).
Hexaware Technologies IPO Financial Information (Restated) (₹ in Crores)
| Period Ended | 30 Sep 2024 | 31 Dec 2023 | 30 Sep 2023 | 31 Dec 2022 | 31 Dec 2021 |
|---|---|---|---|---|---|
| Assets (₹ Cr.) | 8,594.2 | 7,202.1 | 7,021.2 | 6,514.0 | 5,673.5 |
| Revenue (₹ Cr.) | 8,871.3 | 10,389.1 | 7,763.1 | 9,378.8 | 7,244.6 |
| Profit After Tax (₹ Cr.) | 853.3 | 997.6 | 804.8 | 884.2 | 748.8 |
| Net Worth (₹ Cr.) | 4,876.0 | 4,230.9 | 4,294.0 | 3,778.1 | 3,503.7 |
| Reserves & Surplus (₹ Cr.) | 4,816.7 | 4,171.6 | 4,234.7 | 3,719.1 | 3,444.8 |
| Total Borrowing (₹ Cr.) | – | – | – | 82.7 | – |
- Revenue Growth: The company has shown consistent revenue growth over the years, reaching ₹10,389.1 Cr in 2023.
- Profitability: Profit After Tax (PAT) has been increasing, indicating a strong financial performance.
- Asset Growth: The company’s total assets have risen steadily, crossing ₹8,500 Cr as of September 2024.
- Net Worth & Reserves: These have improved over time, demonstrating financial stability.
- Debt Position: No significant borrowings are listed except for ₹82.7 Cr in 2022.
Hexaware Technologies IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV per Share (₹) | P/E (x) | RoNW (%) | Financials |
|---|---|---|---|---|---|---|
| Hexaware Technologies Ltd. | 16.45 | 16.41 | 69.77 | – | 23.6 | Consolidated |
| Persistent Systems Ltd. | 72.44 | 71.07 | 321.82 | 84 | 22.1 | Consolidated |
| Coforge Limited | 131.56 | 129.59 | 586.63 | 64 | 23.0 | Consolidated |
| LTIMindtree Limited | 154.85 | 154.48 | 676.55 | 38 | 22.9 | Consolidated |
| Mphasis Ltd. | 82.42 | 81.83 | 465.33 | 34 | 17.7 | Consolidated |
- EPS & Profitability: Hexaware’s EPS is lower compared to its peers, indicating that its earnings per share are lower.
- Net Asset Value (NAV): Hexaware’s NAV per share (₹69.77) is significantly lower than its competitors, suggesting a smaller asset base per share.
- P/E Ratio: The Price-to-Earnings (P/E) ratio for Hexaware is not listed, while its peers have relatively high P/E ratios, indicating strong market valuation.
- Return on Net Worth (RoNW): Hexaware’s 23.6% RoNW is competitive, slightly above Coforge (23%) and LTIMindtree (22.9%).
About Hexaware Technologies Company
Hexaware Technologies is a global digital and technology services company that integrates artificial intelligence (Al) into its core operations. The company provides technology focused solutions to support customers in their dinital operations. The company operates across six key industry segments: financial services, healthcare and insurance, manufacturing and consumer, Hi-Tech and professional services, banking, and travel and transportation. Its services are structured into five main categories: design & build, secure & run, data & Al, optimize, and cloud services.
- Founded in – 1992
- Managing Director – Mr.Srikrishna Ramakarthikeyan
- Parent Organisation – Hexaware Technologies Ltd
Hexaware Technologies Company Strengths
- Deep domain expertise: Hexaware Technologies provides comprehensive services and solutions to customers across six industries as mentioned above, each of which is an operating segment for the company.
- Diversified customer base: The company focuses on maintaining a diversified customer base across geographies and industries. No customer contributed over 10% to its revenue from operations in the nine months ended September 2024 and the full financial years 2023, 2022 and 2021.
- Global delivery presence: Hexaware Technologies has a global delivery presence comprising 39 delivery centres supported by 16 offices spread across the Americas, Europe and APAC as of September 2024.
- Patents: As of the date of filing its red herring prospectus, the company has 20 patents granted and 119 trademarks registered in many countries, two copyrights registered in India, and 49 domain names registered worldwide. Further, it has filed applications for 45 patents and 23 trademarks.
Hexaware Technologies Company Risk
- Economic volatility in key markets: Economic fluctuations in major markets such as the US and Europe can significantly impact client budgets and IT spending, thus impacting Hexaware’s revenue streams.
- Impact of currency fluctuations: Hexaware is exposed to currency exchange rate fluctuations, which can affect profitability. Revenues are earned in foreign currencies, while expenses are incurred in the Indian rupee, which can create financial vulnerabilities.
- Increase in propensity to insource: Clients may increasingly choose to insource IT services to maintain greater control and reduce costs, posing a threat to outsourcing firms like Hexaware.
- High competitive intensity: Hexaware operates in a highly competitive sector, facing pressure from both global and local players. Larger firms, equipped with greater resources, can exert pricing pressures by offering better discounts and incentives, encouraging clients to consolidate their spending with them.
What is the issue size of Hexaware Technologies Ltd IPO?
The issue size of the Hexaware Technologies Ltd IPO is 87500000000.0.
What are the open and close dates of the Hexaware Technologies Ltd IPO?
Hexaware Technologies Ltd IPO will be open between 12 Feb 25 and 14 Feb 25.
What is the lot size and minimum order quantity of the Hexaware Technologies Ltd IPO?
Hexaware Technologies Ltd IPO lot size is 21 and minimum order quantity is 294.
What is the allotment date for the Hexaware Technologies Ltd IPO?
Hexaware Technologies Ltd IPO allotment date is 19 Feb ’25. For Hexaware Technologies Ltd IPO allotment status check, you can visit the website of the registrar of the IPO
Mukesh Thakur is a prolific writer with over a decade of professional experience. A person of wide interests, he found his true calling in the field of investing and specifically the stock market. He has an amazing skill of presenting the most complex financial concepts (and there is no shortage of complexity in investing) in simple language and terms.