Hexaware Technologies IPO
- IPO Date12 Feb, 2025 to 14 Feb, 2025
- Listing Date19 Feb, 2025
- Face Value₹1 per share
- Issue Price₹674 to ₹708 per share
- Lot Size21 Shares
- Minimum Investment₹14,868
- Listing AtBSE, NSE
- Total Issue Size12,35,87,570 Shares
(aggregating up to ₹8750.00 Cr) - Fresh Issue-
- Offer for Sale12,35,87,570 Shares
(aggregating up to ₹8750.00 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue-
- Shareholding post issue-
IPO Dates
Closing Date
14 Feb, 2025
Initiation of Refunds
18 Feb, 2025
Listing Date
19 Feb, 2025
12 Feb, 2025
Opening Date
17 Feb, 2025
Basis of Allotment
18 Feb, 2025
Credit of Shares
Hexaware Technologies Lot Size
Investors can bid for a minimum of 21 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 13 | 273 | ₹1,93,284 |
| Retail (Min) | 1 | 21 | ₹14,868 |
| B-HNI (Min) | 68 | 1428 | ₹10,11,024 |
| S-HNI (Min) | 14 | 294 | ₹2,08,152 |
| S-HNI (Max) | 67 | 1407 | ₹9,96,156 |
Hexaware Technologies Promoter Holding
The Promoter of the company is CA Magnum Holdings.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 95.03% | - |
Hexaware Technologies COMPANY INFORMATION
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 list on BSE, NSE with 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. Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, Hsbc Securities & Capital Markets Pvt Ltd, Iifl Securities Ltd are the book running lead managers of the Hexaware Technologies IPO, while Kfin Technologies Limited is the registrar for the issue. Refer to Hexaware Technologies IPO RHP for detailed information.
Incorporated in 1992, 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.
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.
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.
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 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
Hexaware Technologies IPO
IPO Overview and Key Highlights
Hexaware Technologies, a Mumbai-based IT services and consulting company, is launching its Initial Public Offering (IPO). The IPO consists of a pure Offer for Sale (OFS) of up to [●] equity shares, with a total issue size aggregating up to ₹87,500 million. Since there is no fresh issue, the company itself will not receive any proceeds from the IPO. The shares will be listed on both the BSE and NSE.
Key IPO Details
- Type of Issue • 100% Book Built Issue (Offer for Sale)
- Total Issue Size • Up to [●] equity shares aggregating ₹87,500 million
- Face Value • ₹1 per share
- Price Band • To be determined
- Offer Opens • February 12, 2025
- Offer Closes • February 14, 2025
- Listing Exchange • NSE & BSE
- Offer Structure • QIBs, NIIs, and RIIs allocation as per SEBI regulations
Company Overview
Hexaware Technologies was originally incorporated as Aptech Information Systems Limited in 1992, later renamed to Hexaware Technologies in 2002. The company provides IT and business process outsourcing services, specializing in cloud computing, automation, AI, and analytics.
- Promoter • CA Magnum Holdings
- Headquarters • Mumbai, Maharashtra
- Corporate Identification Number (CIN) • U72900MH1992PLC069662
Financial Overview
Hexaware Technologies has demonstrated strong financial performance, leveraging its global presence and expertise in digital transformation services. However, since this is a 100% Offer for Sale, the company will not directly benefit from the IPO proceeds.
Key Strengths of Hexaware Technologies
- Global IT Services Leader • Strong foothold in IT, AI, and cloud solutions.
- Diverse Client Base • Serves industries including BFSI, healthcare, and manufacturing.
- Strong R&D Focus • Investment in AI-driven automation and cloud solutions.
- Experienced Leadership • Managed by seasoned IT professionals.
IPO Pros and Cons
Pros
- Growing IT Sector • High demand for digital transformation and AI solutions.
- Established Brand • Trusted IT services provider with a global clientele.
- No Dilution • As a pure OFS, existing equity structure remains unchanged.
Cons
- No Fund Inflow • Since it’s an OFS, no capital will go toward business expansion.
- Competitive Industry • Faces competition from global IT giants.
- Market Risks • Revenue dependent on economic conditions and enterprise IT spending.
Risk Factors
Potential investors should consider the following risks before investing:
- Global Market Dependency • Revenue linked to enterprise IT budgets.
- Technological Changes • Need for continuous innovation in AI, cloud, and automation.
- Regulatory Compliance • Adherence to data privacy and cybersecurity laws.
Conclusion
The Hexaware Technologies IPO presents an opportunity to invest in a leading IT services provider with a strong industry presence. However, since it is a pure Offer for Sale, no funds will go toward business expansion. Investors should evaluate factors like market dependency, competition, and IT industry trends before making a decision.
FAQs About Hexaware Technologies Ipo
Hexaware Technologies IPO will open on 12 Feb, 2025 and close on 14 Feb, 2025. Investors must apply within this period to participate.
The Hexaware Technologies IPO price band is set between ₹674.00 and ₹708.00 per share. The minimum lot size is 21, requiring an investment of at least ₹14868.00.
The Hexaware Technologies IPO shares are expected to be listed on 19 Feb, 2025, subject to regulatory approvals and final allotment.
You can track your Hexaware Technologies IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Hexaware Technologies IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.