Hexaware Technologies IPO listed at ₹745.5 on NSE, a 5.3% premium over its issue price, and at ₹731 on BSE, a 3.25% premium. Post-listing, the company’s market valuation stood at ₹44,422.48 crore.
The Hexaware Technologies IPO was subscribed 2.79 times, driven by QIBs at 9.55x, while NIIs and retail investors saw lower demand at 0.21x and 0.11x, respectively. Anchor investors secured 3.67 crore shares, with total bids reaching ₹17,193.42 crore.
Hexaware Technologies IPO was listed at ₹745, a 5.23% gain over its issue price of ₹708. Despite this positive listing, the last grey market premium (GMP) was ₹0, indicating no expected profit or loss. The actual listing price exceeded GMP expectations, marking a better-than-anticipated debut.
Overview of Contents
Details About Hexaware Technologies IPO
Hexaware Technologies’ ₹8,750 crore book-built IPO was an offer for sale (OFS) of 12.36 crore shares, with a price band of ₹674-₹708 per share. The minimum retail investment required was ₹14,868 for 21 shares. Small NIIs had to apply for at least 294 shares (₹2,08,152), while big NIIs needed a minimum of 1,428 shares (₹10,11,024). The company reported revenue of ₹10,389.10 crore in December 2023, up from ₹9,378.8 crore in December 2022.
- Retail Investors: 35%
- Qualified Institutional Buyers (QIBs): 50%
- High Net-Worth Individuals (HNIs): 15%
Hexaware Technologies IPO Financial Performance
Hexaware Technologies has shown steady financial growth, with total assets rising to ₹8,594.2 crore as of September 30, 2024, from ₹5,673.5 crore in December 2021. Revenue reached ₹10,389.1 crore in December 2023, up from ₹7,244.6 crore in December 2021. Profit After Tax (PAT) stood at ₹997.6 crore in December 2023, reflecting consistent profitability. The company’s net worth increased to ₹4,876 crore, with reserves and surplus at ₹4,816.7 crore as of September 2024. Notably, Hexaware has maintained zero borrowings since December 2023.
About Company
Hexaware Technologies Limited, founded in 1992, is a global digital and technology services provider, leveraging AI to drive innovation and efficiency. With 39 delivery centers and 16 offices across the Americas, Europe, and APAC, it serves a diverse clientele, including 31 Fortune 500 companies.
The company operates across six key industries—Financial Services, Healthcare & Insurance, Manufacturing & Consumer, Hi-Tech & Professional Services, Banking, and Travel & Transportation. Its core offerings span five major service areas: Design & Build (digital transformation and software integration), Secure & Run (IT security and infrastructure optimization), Data & AI (AI-driven insights), Optimize (Gen AI-powered automation), and Cloud Services (scalable cloud solutions).
With 32,536 employees, Hexaware continues to expand, including new delivery centers in Tier 2 cities like Ahmedabad. It stands out with AI-led digital capabilities, in-house platforms like RapidX™, Tensai®, and Amaze®, and strong customer relationships. Backed by an experienced leadership team, Hexaware is a key player in IT and business solutions, committed to innovation and long-term growth.