Hexaware Technologies Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹674 - ₹708
- Lot size
- 21 shares
- Issue amount
- ₹8,750 cr
- Total subscription
- 2.79×
- Opens
- 12 Feb 2025
- Closes
- 14 Feb 2025
- Allotment
- 18 Feb 2025
- Listing
- 19 Feb 2025
Offer at a glance
Issue overview
- Issue size
- 12,35,87,570 shares
- Face value
- ₹1 per share
- Minimum investment
- ₹14,154
- Fresh issue
- ₹0 cr
- Offer for sale
- ₹8,750 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,868
- Issue type
- Bookbuilding IPO
- Shares before issue
- 0
- Shares after issue
- 0
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 21 | ₹14,868 |
| sHNI | 14 | 294 | ₹2,08,152 |
| bHNI | 68 | 1,428 | ₹10,11,024 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 20,38,606 | 1,47,677 |
| HNIs(10L +) | 41,604 | 1,121 |
| HNIs (2-10L) | 20,802 | 2,710 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 1,732 | 16,543.24 |
| RETAIL | 3,031 | 337.3 |
| HNIs 2+ | 433 | 70.1 |
| HNIs 10+ | 866 | 209.48 |
| EMPLOYEES | 99.41 | 33.3 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-24 | Dec-23 | Dec-22 |
|---|---|---|---|
| EPS | 14.06 | 16.41 | 14.53 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 17.6 | 23.6 | 23.4 |
| PRE IPO(PE) | 0 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in 1992, Hexaware Technologies Limited is a global digital and technology services company that helps businesses thrive in an AI-driven world. Headquartered in India with major delivery centers in Chennai, Pune, Bengaluru, Noida, and Sri Lanka, the company is expanding into Tier 2 cities like Ahmedabad. As of September 2024, it operates 39 delivery centers and 16 offices worldwide, serving sectors such as financial services, healthcare, manufacturing, hi-tech, banking, and transportation. Hexaware provides AI-powered solutions like RapidX for digital transformation, Tensai for automation, and Amaze for cloud migration, along with services in software development, IT operations, AI/ML insights, and cloud solutions. With 32,536 employees globally, the company continues to focus on innovation and operational excellence.
Strengths
- Cutting-Edge Digital & AI Solutions – Hexaware specializes in cloud computing, AI-driven automation, and advanced analytics, helping businesses seamlessly navigate their digital transformation journey.
- Global Reach with a Diverse Clientele – Serving over 400 clients across various industries, Hexaware ensures stability and strong, long-term partnerships without relying on a single sector.
- Innovation & Steady Growth – With a track record of consistent revenue growth and profitability, Hexaware stays ahead through strategic acquisitions and investments in emerging technologies.
Risk factors
- Dependence on Key Clients – A large share of revenue comes from a few major clients. If they cut back on spending or leave, it could impact the company’s financial health.
- Strong Competition in IT Services – The company competes with big names like TCS, Infosys, and Accenture, making it crucial to keep innovating and attracting top talent.
- Regulatory and Global Challenges – Changing data protection laws, international regulations, and political shifts can affect the company’s operations worldwide.
Promoters
CA Magnum Holdings
Registrar & documents
Lead manager
Kotak Mahindra Capital Company, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, Hsbc Securities & Capital Markets Private Limited, IIFL Capital Services Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
152, Millennium Business Park, Sector III, ‘A’ Block, TTC Industrial Area, Mahape, Navi Mumbai, 400 710
+91 223326 8585
[email protected]Company website ↗Understanding HEXT IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.