Hexaware Technologies Limited, an IT consulting and services company, is all set to make its exciting market debut with an initial public offering (IPO) worth ₹8,750 crores. Investors can seize this opportunity from February 12 to February 14, 2025. This is purely an offer for sale consisting of 12.36 crore shares.
With a price band of ₹674 to ₹708 per share and a lot size of 21 shares, this IPO offers a great entry point for investors. For retail investors, the minimum investment is ₹14,868, providing an accessible way to tap into the company's growth potential. The share allotment is expected by February 17, 2025, and listing on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) is anticipated on February 19, 2025. Don't miss out on the chance to invest in an IT services provider primed for expansion and future success!
Hexaware Technologies Limited IPO is a fundraise worth ₹8,750 crores, an offer for sale of 12.36 crore shares. The IPO will be available for subscription from February 12, 2025, to February 14, 2025, providing an opportunity for investors looking to gain a stake in the information technology sector.
| Hexaware Technologies IPO date | February 12, 2025 - February 14, 2025 |
| Price band | ₹674 to ₹708 per share |
| Face value | ₹1 per share |
| Lot size | 21 shares |
| Issue type | Book-built issue IPO |
| Employee discount | ₹67 per share |
| Offer for Sale (OFS) | 12,35,87,570 shares amounting to ₹8,750 crores |
| Total issue size | 12,35,87,570 shares amounting to ₹8,750 crores |
| Listing at | BSE, NSE |
The Hexaware Technologies Limited IPO opens for subscription on February 12, 2025, and closes on February 14, 2025, with allotment slated for February 17, 2025.
| IPO open date | February 12, 2025 (Wednesday) |
| IPO close date | February 14, 2025 (Friday) |
| Basis of allotment | February 17, 2025 (Monday) |
| Initiation of refunds | February 18, 2025 (Tuesday) |
| Credit of shares to demat account | February 18, 2025 (Tuesday) |
| Listing date on exchanges | February 19, 2025 (Wednesday) |
| Cut-off time for UPI mandate confirmation | 5 PM on February 14, 2025 (Friday) |
Hexaware Technologies Limited, established in 1992, has emerged as a significant player in global digital and technology services, with a strong focus on artificial intelligence integration. The company operates through 39 delivery centers and 16 offices worldwide, spanning the Americas, Europe, and APAC regions, with major offshore centers in India and Sri Lanka. Their comprehensive service portfolio is delivered through AI-powered platforms including RapidX™, Tensai®, and Amaze®, serving six key industries: Financial Services, Healthcare & Insurance, Manufacturing & Consumer, Hi-Tech & Professional Services, Banking, and Travel & Transportation.
With a workforce of 32,536 employees, including 30,171 full-time staff, Hexaware provides a wide range of services including Design & Build for digital transformation, Secure & Run for IT operations, Data & AI for actionable insights, and Cloud Services as a foundation for enhanced offerings. The company's strategic focus on AI-driven solutions helps customers adapt and innovate in the evolving digital landscape, while their planned expansion into Tier 2 cities, including a new center in Ahmedabad, demonstrates their commitment to growth and accessibility.
The company will not receive any proceeds of the IPO as it is an offer for sale.
The Hexaware Technologies Limited IPO’s key performance indicators reflect the company's financial health, with a Return on Net Worth (RoNW) at 23.60%, while the Price-to-Book Value (P/BV) is seen at 10.15. The PAT Margin is 9.60.
| Period Ended | September 30, 2024 | December 31, 2023 | September 30, 2023 | December 31, 2022 | December 31, 2021 |
| 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 | 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 | - |
Amount in ₹ crores
Hexaware Technologies stands out with its deep domain expertise, offering a range of comprehensive services across six key industries. This sectoral knowledge allows the company to craft tailored solutions for its clients, enabling long-term value delivery. The company’s AI-driven platforms, such as RapidX™, Tensai®, and Amaze®, further enhance its competitive advantage by providing cutting-edge automation and cloud solutions, driving digital transformation opportunities for clients. Its long-standing relationships with a diversified blue-chip customer base, including 31 Fortune 500 companies, provide stability and solid revenue streams, which helps mitigate risks from market fluctuations.
Another key strength is Hexaware’s global delivery model, which spans 39 delivery centres and 16 offices across the Americas, Europe, and APAC. This wide geographical footprint ensures scalability, flexibility, and a broader talent pool, making the company highly adaptable to shifting market dynamics. The company’s consistent track record of growth and cash generation, along with a people-first culture fostered by experienced leadership, positions Hexaware for continued success. With a focus on innovation and a growing workforce of over 32,500 employees, Hexaware is well-equipped to handle the demands of its diverse, global clientele.
Despite its strengths, Hexaware Technologies faces several challenges. A large portion of its revenue comes from the Americas (73.3%) and Europe (20.5%), which exposes the company to risks from economic downturns or shifts in client budgets in these regions. The global economic environment and fluctuations in key markets like the US and Europe could significantly impact its growth prospects. Additionally, the company is vulnerable to foreign exchange risks, as it earns revenue in foreign currencies but incurs expenses in Indian rupees, potentially eroding profitability if currency fluctuations are unfavorable.
The highly competitive IT services sector also poses a challenge, with larger firms capable of applying aggressive pricing strategies to consolidate their client base, increasing pricing pressure on Hexaware. Moreover, the company is heavily dependent on its 'Financial Services' and 'Healthcare and Insurance' segments, which are critical to its revenue. Competition for skilled talent remains a significant hurdle, as the industry faces a high attrition rate and intense competition for professionals. If Hexaware is unable to effectively attract and retain skilled employees, its operational efficiency and growth potential could be hindered, affecting its service delivery and margins.
The Hexaware Technologies Limited IPO presents an exciting opportunity for investors to tap into the information technology sector at its early public stage. While the potential for early investment is appealing, smart financial decisions demand a careful assessment of the company’s fundamentals, market positioning, and growth prospects. Prospective investors should conduct thorough research to ensure this opportunity aligns with their financial goals and risk tolerance, turning a promising investment into a well-informed, strategic financial choice.
What is the Hexaware Technologies IPO?
The Hexaware Technologies Limited IPO is a main-board offering consisting purely of an offer for sale of 12.36 crore shares with a face value of ₹1 per share, aiming to raise a total of ₹8,750 crores. The share price is set between ₹674 and ₹708, with a minimum order quantity of 21 shares. This IPO will be open for subscription from February 12, 2025, to February 14, 2025. Kfin Technologies Limited is the registrar while 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.
When will the Hexaware Technologies IPO open?
The Hexaware Technologies Limited IPO will open for subscription on February 12, 2025, and will close on February 14, 2025.
When is the Hexaware Technologies IPO listing date?
The tentative listing date for the Hexaware Technologies Limited IPO is Wednesday, February 19, 2025.
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