Global private equity investor Carlyle Group-owned Hexaware Technologies has decided to open its Rs 8,750-crore initial share sale for public subscription on February 12.
Hexaware Technologies Ipo Details
Hexaware Technologies is set to launch its initial public offering (IPO) in India. The IPO is scheduled to open on Monday, February 12, 2025, and close on Wednesday, February 14, 2025. The basis of allotment is expected to be finalized by Thursday, February 17, 2025.
The IPO will be listed on BSE and NSE, with a tentative listing date set for Monday, February 19, 2025.
Hexaware Technologies IPO price band is set at ₹674 to ₹708 per share. The minimum lot size for an application is 21. The minimum amount of investment required by retail investors is ₹14,868. The minimum lot size investment for sNII is 14 lots and for bNII, it is 68 lots.
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 are the book running lead managers of the Hexaware Technologies IPO, while KFin Technologies Limited is the registrar for the issue.
Refer to Hexaware Technologies IPO DRHP for detailed information.
Hexaware Technologies Ipo Date
The Hexaware Technologies IPO date is February 12 and the close date is February 14.
The Hexaware Technologies IPO allotment will be finalized on February 17 and the IPO listing on February 19.
- IPO Open Date: Monday, February 12, 2025
- IPO Close Date: Wednesday, February 14, 2025
- Basis of Allotment: Thursday, February 17, 2025
- Listing Date: Monday, February 19, 2025
Upcoming Ipo — Ajax Engineering ipo Gmp, Date, Price, Details
Hexaware Technologies IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 21 | ₹14,868 |
| Retail (Max) | 13 | 273 | ₹1,93,284 |
| S-HNI (Min) | 14 | 294 | ₹2,08,152 |
| S-HNI (Max) | 67 | 1,407 | ₹9,96,156 |
| B-HNI (Min) | 68 | 1,428 | ₹10,11,024 |
Hexaware Technologies IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
About Hexaware Technologies Limited
Hexaware Technologies Limited is a global digital and technology services company with artificial intelligence (“AI”) at its core.
Hexaware is a mid-sized global IT and business process outsourcing service provider headquartered in India. The company has major offshore delivery centers in India (Chennai, Pune, Bengaluru, Noida, etc.) and Sri Lanka. It plans expansion into Tier 2 cities and aims to open new centers in Ahmedabad.
The company operates through six key industry-focused segments: Financial Services, Healthcare and Insurance, Manufacturing and Consumer, Hi-Tech and Professional Services, Banking, and Travel and Transportation.
Its five core service categories—Design & Build, Secure & Run, Data & AI, Optimize, and Cloud Services—form the backbone of its offerings. Notable proprietary platforms include RapidX™ for digital transformation, Tensai® for AI-powered automation, and Amaze® for cloud adoption.
Hexaware Technologies has global delivery presence comprising 38 delivery centers supported by 16 offices spread across the Americas, Europe and APAC as of June 30, 2024. As of June 30, 2024, Hexaware Technologies had a team of 31,870 employees in 28 countries. Hexaware Technologies presence is spread across major countries, nationalities, languages, time zones and regulatory zones.
Competitive Strength:
- AI-led digital capabilities and platforms built in-house with innovation as a strategic pillar
- Deep domain expertise delivered through comprehensive solutions across industries
- Long-term and embedded relationships with diversified blue-chip customer base
- Go-to-market strategy focused on customer acquisition and expansion
- Experienced and tenured leadership driving a people-first and thriving organizational culture
- Global, scalable, flexible delivery model with a certified and skilled talent pool
- Track record of growth and cash generation
Hexaware Technologies Limited Financial Information
(Restated Consolidated)
| Period Ended | 30 Sep 2024 | 31 Dec 2023 | 30 Sep 2023 | 31 Dec 2022 | 31 Dec 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 and Surplus | 4,816.7 | 4,171.6 | 4,234.7 | 3,719.1 | 3,444.8 |
| Total Borrowing | – | – | – | 82.7 | – |
Hexaware Technologies IPO Peer Comparison
| Name of the Company | Face Value per Equity Share (₹) | P/E (Number of Times) | Revenue from Operations (₹ million) | EPS (Basic) (₹) | EPS (Diluted) (₹) | RoNW (%) | Net Asset Value per Equity Share (Basic) (₹) |
|---|---|---|---|---|---|---|---|
| Hexaware Technologies Limited* | 1 | [•] | 103,803 | 16.45 | 16.41 | 23.6% | 69.77 |
| Persistent Systems Limited | 5 | 73 | 98,216 | 72.44 | 71.07 | 22.1% | 321.82 |
| Coforge Limited | 10 | 50 | 91,790 | 131.56 | 129.59 | 23.0% | 586.63 |
| LTIMindtree Limited | 1 | 40 | 355,170 | 154.85 | 154.48 | 22.9% | 676.55 |
| Mphasis Limited | 10 | 37 | 132,785 | 82.42 | 81.83 | 17.7% | 465.33 |
Hexaware Technologies IPO Promoter Holding
The promoter of the company is CA Magnum Holdings. The pre-issue shareholding stands at 95.03%, while the post-issue shareholding is yet to be updated.
Hexaware Technologies IPO FAQs
- What is the price of hexaware ipo? — The issue is priced at ₹674 to ₹708 per share. The minimum order quantity is 21.
- Hexaware technologies limited ipo date — The IPO is scheduled to open on Monday, February 12, 2025, and close on Wednesday, February 14, 2025. The basis of allotment is expected to be finalized by Thursday, February 17, 2025.
- Hexaware Technologies IPO share price — Hexaware Technologies has fixed a price band of ₹674 to ₹708 per equity share.
- Hexaware Technologies IPO GMP – According to investorgain.com, The last GMP for Hexaware Technologies’ IPO was ₹8, as of February 10th, 2025 10:54 AM.
