Hexaware Technologies IPO
Hexaware Technologies’ 8750 crore IPO is a fully Offer For Sale by its promoters. Hexaware Technologies, is set to return in the stock market once again after 5 years. This IPO will be largest IPO by an Indian IT services Company, surpassing Tata Technology Service’s IPO record in 2004 when TCS raised 4713 crore.
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Details about Hexaware Technologies
Hexaware Technologies has engaged in the business of information technology and artificially intelligence. Company Incorporated in 1992 and uses technologies to offer innovative solutions, Integrated AI to help customer adapt, innovate and improve in AI driven world.
Hexaware Technologies IPO Timeline
IPO will open on Wednesday 12 February and close on Friday 14 February 2025. Allotment will be decided on Monday 17 February and initiation of refund will also start on same day. Shares will be credited to dmat account on 18 February and Wednesday 19 February will be the tentative listing date of Hexaware Technologies IPO.
Price-band & Lot size
Price-band of Hexaware Technologies IPO has fixed between 674 to 708 per equity share. A retail investor can apply for minimum one lot in this IPO with Rs. 14,868 and multiple of that. One lot has 21 shares. A retail investor can apply in the retail category for maximum 13 lot.
If anyone wants to apply in the category of sNII, minimum requirement is 14 lot amounting to Rs. 2,08,152 and for bNII the minimum requirement is 68 lot amounting to Rs. 10,11,024.
Reservations in Hexaware Technologies IPO
Not more than 50 percent of this issue is reserved for Qualified Institutional Buyers(QIBs), Not less than 35 percent of the net offer is reserved for retail category and rest 15 percent of the net offer has been reserved for NIIs.
Promoter of the Company
Promoter of Hexaware Technologies is CA Magnum Holdings who owns 95.03 percent in the company. After selling it’s stake in the company, promoter’s stake will be down from 95.03 percent to 74.1 percent.
Objectives of the IPO
Because this IPO has only OFS no fresh issue so all the money raise from this IPO will go to promoter, nothing will go into company.
Company’s Financials
Financial statement of the company shows a steady growth in Hexaware Technologies. In calendar year 2023 company’s revenue grew at 12.8 percent. In the first 9 month of financial year 2025 America contributed more than 73 percent in Hexaware Tech’s topline while rest came from Europe and Asia Pacific. Almost half of the company’s revenue came from BFSI and healthcare.
For the first nine month of calendar year 2024, top 5 clients of the company contributed more than 25 percent in the company’s topline while top 10 clients contributed more than 35 percent.
Lead Managers and Registrar
Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, JP Morgan India Private Limited, HSBC Securities and Capital Markets Private Limited, IIFL Securities Limited are the book running lead managers of this IPO while Kfin Technologies Limited is the registrar of this IPO and allotment will be published on the registrar’s website.
GMP of Hexaware Technologies IPO
According to ipowatch GMP of Hexaware Technologies IPO is Rs. 50 per equity share, showing around 7 percent gain on listing day.
Hexaware Technologies Market Cap
At the higher price band of Rs. 708 per equity share, company’s market cap will be Rs. 43,247 crore.
Listed Peer Competitors Hexaware Technologies
Coforge, Persistent Systems, Mphasis and LTImindtree will the closest peer competitors of Hexaware Technologies. Hexaware Technologies had delisted in September 2020 when the promoters of company accepted the delisting price of 475 per equity share.
Disclaimer:
Here we are giving the information only about the company’s performance. You should take advice from your financial adviser before investing.