Hexaware Technologies Limited
MainboardComputers - Software & Consulting
Listed On: Feb 19, 2025 at ₹ 745.5(NSE)
₹ 14868 /21 Shares
Check Allotment12 Feb, 2025
Open Date14 Feb, 2025
Close Date17 Feb, 2025
Allotment Date19 Feb, 2025
Listing DatePrice Summary
Last Closing
729.85 (3.09%)52 Week High
900.0052 Week Low
590.30Last Update
23-Oct-2025 3:30 PMHexaware Technologies IPO Issue Details
- Issue Price ₹674-708 per equity share
- Face Value ₹1 Per Equity Share
- Total Issue Size 12,35,87,570 shares(aggregating up to ₹8750 crore)
- Offer For Sale 12,35,87,570 shares(aggregating up to ₹8750 crore)
- Listing at BSE, NSE
- List Price 745.5(NSE)
- Listing Date 2025-02-19
- Lead Manager 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 - Registrar Kfin Technologies Limited
Market Lot Size
Investors can bid for a minimum of 21 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 21 | ₹14,868 |
| Retail(max) | 13 | 273 | ₹1,93,284 |
| SHNI(min) | 14 | 294 | ₹2,08,152 |
| SHNI(max) | 67 | 1,407 | ₹9,96,156 |
| BHNI(min) | 68 | 1,428 | ₹10,11,024 |
Hexaware Technologies IPO Reservation
Hexaware Technologies IPO offers total 12,37,20,440 shares. Out of which 2,44,63,278 (19.77%) allocated to QIB, 1,83,47,458 (14.83%) allocated to NII,4,28,10,734 (34.6%) allocated to RII, 14,04,056 (1.13%) allocated to employees and 3,66,94,914 (29.66%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 3,66,94,914 (29.66%) | |
| QIB Shares Offered | 2,44,63,278 (19.77%) | |
| NII (HNI) Shares Offered | 1,83,47,458 (14.83%) | |
| bNII < ₹10L | 1,22,31,638 (9.89%) | |
| sNII < ₹10L | 61,15,819 (4.94%) | |
| Retail Shares Offered | 4,28,10,734 (34.6%) | |
| Employee Shares Offered | 14,04,056 (1.13%) | |
| Total Shares Offered | 12,37,20,440 (100%) |
Hexaware Technologies IPO Details
Hexaware Technologies IPO is a book-built issue of ₹8750 crores, The total issue size is ₹8750 crores. The IPO of Hexaware Technologies is priced at ₹674-708 per equity share, which has a face value of ₹1 Per Equity Share each, IPO bidding starts from Feb 12, 2025 and ends on Feb 14, 2025. The allotment for Hexaware Technologies IPO will be finalized on Feb 17, 2025. Hexaware Technologies IPO will be listed on BSE, NSE, with a tentative listing date fixed as Feb 19, 2025. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Limited is the registrar of the issue.
Retail investors can bid for a minimum of 21 shares, extendable to 14,868. S-HNIs will be able to bid for 294 shares at ₹2,08,152, while B-HNIs can also apply for a bid of 1,428 shares at ₹10,11,024. The book-running lead manager for the IPO is/are 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.
The total issue ₹8750 crore and having Offer for Sale (OFS) of 12,35,87,570 shares to mop up ₹8750 crore.
The Hexaware Technologies IPO sets its price band at 674-708 for each share. A single application for Hexaware Technologies Limited must contain at least 21 shares. Sentiment investors need to invest a minimum of 21 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,868 In order to participate in the sNII, investors must purchase at least 14 lots of 294 shares for ₹2,08,152, while the bNII requires 68 lots of 1,428 shares for an investment of ₹10,11,024.
Hexaware Technologies IPO Subscription Analysis And Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 2,44,63,278 | 1,83,47,458 1,22,31,638 61,15,819 | 4,28,10,734 | 8,70,25,526 |
Day 1 12-02-25 05:00 PM | 0.04 x | 0.01 0.01 x 0.02 x | 0.04 x | 0.03 x |
Day 2 13-02-25 05:00 PM | 0.39 x | 0.03 0.02 x 0.05 x | 0.06 x | 0.15 x |
Day 3 14-02-25 05:00 PM | 9.09 x | 0.20 0.23 x 0.15 x | 0.11 x | 2.66 x |
Hexaware Technologies Valuations
Hexaware Technologies Company Financials
| 30-Sep-24 | 30-Sep-23 | 31-Dec-22 | |
|---|---|---|---|
| Assets | 8,594.2 | 7,021.2 | 6,514 |
| Revenue | 8,871.3 | 7,763.1 | 9,378.8 |
| Profit After Tax | 853.3 | 804.8 | 884.2 |
| Net Worth | 4,876.0 | 4,294.0 | 3,778.1 |
| Reserves & Surplus | 4,816.7 | 4,234.7 | 3,719.1 |
About Hexaware Technologies Company
Hexaware Technologies Limited was established in 1992 and conducts business in the global digital and technology services industry with artificial intelligence.
The firm uses technology for innovative solutions to help customers adapt, innovate, and improve with AI in this AI-driven world.
The company has major offshore delivery centers in India (Chennai, Pune, Bengaluru, Noida, etc.) and Sri Lanka. It has plans to expand into Tier 2 cities and open new centers in Ahmedabad.
As of September 30, 2024, the company has a global delivery presence with 39 centers and 16 offices across the Americas, Europe, and APAC.
Business Segment: The company offers services in its operating segments in six industries, namely Financial Services, Healthcare & and; Insurance, Manufacturing & and; Consumer, Hi-Tech & and; Professional Services, Banking, and Travel & and Transportation.
Platforms: The company offers services through AI-powered platforms such as RapidX™ for digital transformation, Tensai® for automation, and Amaze® for cloud adoption, serving customers globally across multiple regions.
As of September 30, 2024, the company has 32,536 employees of which 30,171 are full-time and 2,365 contracted.
Hexaware Technologies - Promoter(s)
CA Magnum Holdings
Pre Issue Share Holding : 95.03%
Post Issue Share Holding : 74.07%
Hexaware Technologies IPO - Issue Objectives
The Company will not receive any proceeds from the Offer for Sale
Hexaware Technologies IPO - Anchor Investors
Hexaware Technologies IPO: IT firm mobilises Rs 2,598 crore.
Global marquee investors like CLSA, Government of Singapore, Monetary Authority of Singapore, Smallcap World Fund, American Funds, Fidelity, Abu Dhabi Investment Authority, JP Morgan, Custody Bank of Japan, Goldman Sachs, New York State Teachers Retirement System, T Rowe Price International, Amundi Funds, Templeton Emerging Markets Investment Trust, Tocu Europe, and Florida Retirement System showed great interest in the company.
Domestic institutional investors like SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC AMC, Kotak Mahindra AMC, Aditya Birla Sun Life AMC, Motilal Oswal Mutual Fund, Axis Mutual Fund, UTI MF, Mirae Asset India, Manulife Global Fund, Aditya Birla Sun Life Insurance, PGIM India, DSP MF, and Baroda BNP Paribas MF also invested in Hexaware via anchor book.
Hexaware Technologies IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Hexaware Technologies Limited | 16.45 | 16.41 | 69.77 | N/A | 23.6 | N/A | Consolidated |
| Persistent Systems Ltd. | 72.44 | 71.07 | 321.82 | 84 | 22.1 | N/A | Consolidated |
| Coforge Limited | 131.56 | 129.59 | 586.63 | 64 | 23 | N/A | Consolidated |
| LTIMindtree Limited | 154.85 | 154.48 | 676.55 | 38 | 22.9 | N/A | Consolidated |
| Mphasis Ltd. | 82.42 | 81.83 | 465.33 | 34 | 17.7 | N/A | Consolidated |
Notes:
- The P/E Ratio for Hexaware Technologies Limited has been computed based on the Offer Price of ₹ per Equity Share divided by the Basic EPS for the year ended December 31, 2023.
- For the peer group entities, the Basic and Diluted EPS refers to the Basic and Diluted EPS sourced from the financial statements of the companies respectively for the year ended March 31, 2024.
- P/E Ratio has been computed based on the closing market price of equity shares on NSE on February 4, 2025, divided by the Basic EPS as at March 31, 2024.
- RoNW (%) = Profit for the year ended March 31, 2024, divided by total equity of the Company as at March 31, 2024.
- NAV is computed as the total equity of the Company as at March 31, 2024 divided by the outstanding number of equity shares as at March 31, 2024.
Contact Details
Hexaware Technologies
152, Millennium Business Park, Sector III, ‘A’ Block, TTC Industrial Area, Mahape, Navi Mumbai, 400 710
+91 223326 8585
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Hexaware Technologies IPO - FAQs
Ans. Hexaware Technologies Limited is a Mainboard IPO. The issue is priced at ₹674-708 per equity share. The minimum order quantity is 21 Shares. The IPO opens on Feb 12, 2025, and closes on Feb 14, 2025. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Hexaware Technologies Limited opens on Feb 12, 2025 and closes on Feb 14, 2025.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Hexaware Technologies Limited is OFS : 12,35,87,570 shares(aggregating up to ₹8,750.00 Cr).
Ans. The Hexaware Technologies Limited price band is set between ₹674-708 per equity share.
Ans. To apply for Hexaware Technologies Limited, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Hexaware Technologies Limited in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Hexaware Technologies Limited is Feb 17, 2025.
Ans. The Hexaware Technologies Limited will be listed on Feb 19, 2025.
Ans. Follow the steps to check the Hexaware Technologies Limited allotment status online.
