Hexaware Technologies IPO Price: ₹674 to ₹708 per share
IPO Dates: 12 February 2025 – 14 February 2025
Company Overview
Incorporated in 1992, Hexaware Technologies Limited is a global digital and technology services company with artificial intelligence (AI) at its core. The company leverages advanced technology to provide innovative solutions, helping customers adapt, innovate, and enhance their operations in an AI-driven world.
Hexaware has established a strong presence through major offshore delivery centers in India, including Chennai, Pune, Bengaluru, and Noida, along with a center in Sri Lanka. As part of its expansion strategy, the company is targeting Tier 2 cities and plans to open a new center in Ahmedabad. As of September 30, 2024, Hexaware operates 39 delivery centers and 16 offices across the Americas, Europe, and APAC, supporting its global client base.
Business Segments
Hexaware provides services across six key industries:
- Financial Services – Offering AI-driven solutions for banking, wealth management, and capital markets.
- Healthcare & Insurance – Enhancing patient care and insurance operations with advanced digital technologies.
- Manufacturing & Consumer – Driving automation and efficiency in supply chain, production, and retail.
- Hi-Tech & Professional Services – Empowering businesses with cutting-edge IT, engineering, and consulting solutions.
- Banking – Delivering secure, scalable, and agile digital banking solutions.
- Travel & Transportation – Optimizing operations, customer experiences, and logistics through AI and cloud-based solutions.
AI-Powered Platforms
The company delivers its solutions through proprietary AI-powered platforms:
- RapidX™ – Accelerates digital transformation initiatives.
- Tensai® – Enables intelligent automation across business processes.
- Amaze® – Facilitates cloud adoption and migration services.
These platforms help customers streamline operations, improve productivity, and drive innovation.
Service Offerings
Hexaware offers a comprehensive range of services that support digital transformation and business optimization:
- Design & Build – Integrating cutting-edge technologies across products and services to accelerate product launches, software development, and enterprise resource planning (ERP) enhancements.
- Secure & Run – Managing and optimizing IT operations, including applications, middleware, data, devices, and hybrid infrastructure.
- Data & AI – Building strong data foundations and using AI/ML to generate actionable insights for improved business decisions.
- Optimize – AI-powered business process services that enhance automation, analytics, and talent management across industries.
- Cloud Services – Leveraging cloud capabilities to enhance efficiency and scalability across all service lines.
Market Presence & Customer Base
Hexaware has a well-established global footprint, serving a diverse customer base, including 31 Fortune 500 companies. The company has a strong delivery presence, with 39 centers and 16 offices worldwide. As of September 30, 2024, it has 32,536 employees, including 30,171 full-time and 2,365 contracted employees.
The company has developed a robust intellectual property portfolio, with 20 granted patents, 119 registered trademarks, 2 registered copyrights, and 49 domain names. Additionally, Hexaware has filed applications for 45 patents and 23 trademarks across multiple regions.
Competitive Strength
Hexaware Technologies has several key competitive advantages:
- Deep Industry Expertise – Comprehensive solutions tailored to various industries.
- AI-Driven Innovation – Proprietary AI-powered platforms enhancing automation and digital transformation.
- Strong Customer Relationships – Long-term partnerships with blue-chip clients.
- Scalable Global Delivery Model – Flexible and efficient service delivery across multiple geographies.
- Experienced Leadership – A seasoned management team fostering a people-first culture.
- Proven Growth and Profitability – A strong track record of revenue generation and financial stability.
With a diversified customer base, Hexaware ensures that no single client contributes over 10% of its revenue, maintaining financial resilience. The company has consistently achieved revenue of over USD 1 billion in FY 2022 and 2023, solidifying its position as one of India’s fastest-growing technology services firms.
Bidding Starts In
Hexaware Technologies IPO Specifics:
| IPO Date | February 12, 2025 to February 14, 2025 |
| Listing Date | Wednesday, February 19, 2025 |
| Face Value | ₹1 per share |
| 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 (aggregating up to ₹8,750.00 Cr) |
| Employee Discount | ₹67 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Hexaware Technologies IPO Timetable (Important Dates)
| IPO Open Date | Wednesday, February 12, 2025 |
| IPO Close Date | Friday, February 14, 2025 |
| Basis of Allotment | Monday, February 17, 2025 |
| Initiation of Refunds | Tuesday, February 18, 2025 |
| Credit of Shares to Demat | Tuesday, February 18, 2025 |
| Listing Date | Wednesday, February 19, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 14, 2025 |
Hexaware Technologies IPO Lot Size
Bidders have the opportunity to bid for a minimum of 21 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 21 | ₹14,868 |
| Retail (Max) | 13 | 273 | ₹1,93,284 |
| S-HNI (Min) | 14 | 322 | ₹2,08,152 |
| S-HNI (Max) | 67 | 1,587 | ₹9,96,156 |
| B-HNI (Min) | 68 | 1,610 | ₹10,11,024 |
Hexaware Technologies IPO Reservation
| QIB Shares Offered | Not more than 50% of the Net offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
Hexaware Technologies Limited IPO Financial Information
| Period Ended | 31 Dec 2021 | 31 Dec 2022 | 31 Dec 2023 | 30 Sep 2024 |
|---|---|---|---|---|
| Assets | 5673.5 | 6514 | 7202.1 | 8594.2 |
| Revenue | 7244.6 | 9378.8 | 10389.1 | 8871.3 |
| Profit After Tax | 748.8 | 884.2 | 997.6 | 853.3 |
| Net Worth | 3503.7 | 3778.1 | 4230.9 | 4876 |
| Reserves and Surplus | 3444.8 | 3719.1 | 4171.6 | 4816.7 |
| Total Borrowing | 82.7 |
Key Performance Indicator – Hexaware Technologies IPO
| KPI | Values |
|---|---|
| EPS | ₹16.41 |
| P/E (x) | 41 |
| RoNW | 23.6% |
| PAT Margin | 9.60 |
Objects of the Issue:
The company will not receive any proceeds from the offer.
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
