Hexaware Technologies IPO opens for subscription on February 12, 2025, and closes on February 14, 2025. The allotment finalizes on February 17, 2025, and the shares list on the BSE and NSE on February 19, 2025.
This book-built issue, valued at ₹8,750 crores, is an offer for sale (OFS) comprising 12.36 crore shares. The IPO price band ranges from ₹674 to ₹708 per share, with a minimum application lot size of 21 shares, requiring a retail investment of at least ₹14,868.
Small Non-Institutional Investors (sNII) apply for a minimum of 14 lots (294 shares) with an investment of ₹2,08,152, while big Non-Institutional Investors (bNII) apply for at least 68 lots (1,428 shares), amounting to ₹10,11,024. Hexaware Technologies reports a revenue of ₹10,389.10 crores in December 2023, up from ₹9,378.8 crores in December 2022.
Net profit rises to ₹997.6 crores in December 2023 from ₹884.2 crores in the previous year. With strong financials and steady growth, investors may consider this IPO for long-term wealth creation.
Overview of Contents
Hexaware Technologies IPO Overview
| Parameter | Details |
|---|---|
| Issue Opening Date | February 12, 2025 |
| Issue Closing Date | February 14, 2025 |
| Expected Listing Date | February 19, 2025 (Tentative) |
| Price Band | ₹674 - ₹708 per share |
| Lot Size | 21 Shares per lot |
| Minimum Investment (Retail) | ₹14,868 (for 1 lot) |
| Total Issue Size | 12,35,87,570 shares (₹8,750.00 Cr) |
| Offer for Sale (OFS) | 12,35,87,570 shares (₹8,750.00 Cr) |
| Face Value per Share | ₹1 per equity share |
| Issue Type | Book Built Issue |
| Retail Investor Allocation | Minimum 35% of the Net Offer |
| sNII Minimum Investment | ₹2,08,152 (14 lots, 294 shares) |
| bNII Minimum Investment | ₹10,11,024 (68 lots, 1,428 shares) |
| Promoter Shareholding (Pre-IPO) | 95.03% |
| Employee Discount | ₹67 per share |
| Stock Exchange Listing | BSE, NSE |
| Draft Red Herring Prospectus (DRHP) | Click here |
| Red Herring Prospectus (RHP) | Click here |
Hexaware Technologies IPO Lot Size
| Investor Category | Minimum Lots | Shares | Investment Amount |
|---|---|---|---|
| Retail Investor (Min) | 1 | 21 | ₹14,868 |
| Retail Investor (Max) | 13 | 273 | ₹1,93,284 |
| Small HNI (Min) | 14 | 294 | ₹2,08,152 |
| Small HNI (Max) | 67 | 1,407 | ₹9,96,156 |
| Big HNI (Min) | 68 | 1,428 | ₹10,11,024 |
Hexaware Technologies IPO Dates
| Event | Date |
|---|---|
| IPO Opening Date | Feb 12, 2025 (Wednesday) |
| IPO Closing Date | Feb 14, 2025 (Friday) |
| Allotment Finalization | Feb 17, 2025 (Monday) |
| Refund Initiation | Feb 18, 2025 (Tuesday) |
| Demat Account Share Credit | Feb 18, 2025 (Tuesday) |
| Stock Exchange Listing | Feb 19, 2025 (Wednesday) |
| UPI Mandate Confirmation Deadline | Feb 14, 2025 (Friday) – 5 PM |
Hexaware Technologies IPO – Share Allocation Breakdown
| Investor Category | Reserved Allocation |
|---|---|
| Qualified Institutional Buyers (QIBs) | Up to 50% of the Net Offer |
| Retail Individual Investors (RIIs) | Minimum 35% of the Net Offer |
| Non-Institutional Investors (NIIs/HNIs) | Minimum 15% of the Net Offer |
Hexaware Technologies IPO – Promoter Shareholding Details
The company’s promoter is CA Magnum Holdings.
| Particulars | Percentage (%) |
|---|---|
| Shareholding Before IPO | 95.03% |
| Shareholding After IPO | To be updated |
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.
Hexaware Technologies Financial Performance (₹ in Crore)
Hexaware Technologies continues to demonstrate strong financial performance with steady growth in assets, revenue, and profitability. As of September 30, 2024, total assets stand at ₹8,594.2 Cr, while revenue reaches ₹8,871.3 Cr, supported by a profit after tax of ₹853.3 Cr. The company’s increasing net worth and reserves highlight its financial stability and growth potential.
| Financial Metric | Sep 30, 2024 | Dec 31, 2023 | Sep 30, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Total 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 (PAT) | 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 & Surplus | 4,816.7 | 4,171.6 | 4,234.7 | 3,719.1 | 3,444.8 |
| Total Borrowing | - | - | - | 82.7 | - |
Key Financial Metrics of Hexaware Technologies IPO
| Metric | Value |
|---|---|
| Return on Equity (ROE) | -% |
| Return on Capital Employed (ROCE) | -% |
| EBITDA Margin | 15.3% |
| Profit After Tax (PAT) Margin | 9.6% |
| Debt-to-Equity Ratio | N/A |
| Earnings Per Share (EPS) | ₹16.45 (Basic) |
| Price-to-Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 23.6% |
| Net Asset Value (NAV) per Share | ₹69.77 |
Hexaware Technologies Peer Comparison
| Company | Earnings Per Share (EPS) | Price-to-Earnings (P/E) Ratio | Return on Net Worth (RoNW) | Net Asset Value (NAV) per Share | Total Income (₹ Cr.) |
|---|---|---|---|---|---|
| Persistent Systems Ltd. | ₹72.44 | 73 | 22.1% | ₹321.82 | ₹9,821.6 Cr. |
| Coforge Ltd. | ₹131.56 | 50 | 23.0% | ₹586.63 | ₹9,179 Cr. |
| LTIMindtree Ltd. | ₹154.85 | 40 | 22.9% | ₹676.55 | ₹35,517 Cr. |
| Mphasis Ltd. | ₹82.42 | 37 | 17.7% | ₹465.33 | ₹13,278.5 Cr. |
Objects of the Issue
The company will not receive any funds from the Offer for Sale (OFS).
Hexaware Technologies IPO Review
- Sharekhan –
- SMC Global –
- Sushil Finance –
- Swastika Investmart –
- Ventura Securities –
- Geojit –
- Reliance Securities –
- Capital Market –
- BP Wealth –
- ICICIdirect –
- Choice Broking –
- Canara Bank –
- DRChoksey FinServ –
- Emkay Global –
- Hem Securities –
- IDBI Capital –
- Marwadi Shares –
- Nirmal Bang –
- SBICAP Securities –
Hexaware Technologies IPO Registrar
KFin Technologies Limited
Phone: : (+91) 40 6716 2222
E-mail: hexaware.ipo@kfintech.com
Website: https://ris.kfintech.com/
IPO Lead Managers aka Merchant Bankers
- Kotak Mahindra Capital Company Limited
- Citigroup Global Markets India Private Limited
- J.P. Morgan India Private Limited
- HSBC Securities and Capital Markets (India) Private Limited
- IIFL Securities Limited
Company Address
Hexaware Technologies IPO Limited
152, Millennium Business Park, Sector III, ‘A’ Block, TTC
Industrial Area, Mahape, Navi Mumbai
Maharashtra – 400 710, India
Phone: (+91) 22 3326 8585
E-mail: investori@hexaware.com
Website: www.hexaware.com
Hexaware Technologies IPO FAQs
What is the purpose of the Offer for Sale (OFS)?
The company will not receive any proceeds from the OFS.
When is the Hexaware Technologies IPO opening?
The IPO opens on February 12, 2025, and closes on February 14, 2025.
What is the price band for the IPO?
The price band is set between ₹674 and ₹708 per share.
Where will the shares be listed?
The shares will be listed on BSE and NSE.
What is the lot size for retail investors?
Retail investors can apply for a minimum of 21 shares per lot.
Who are the promoters of Hexaware Technologies?
The promoter of the company is CA Magnum Holdings.