Hexaware Technologies IPO
Bookbuilding IPO | ₹8,750.00 Cr | Listing at BSE, NSE
IPO Open
Wed, Feb 12, 2025
IPO Close
Fri, Feb 14, 2025
Price Band
₹674.00 to ₹708.00
Market Cap (Pre-IPO)
₹43,024.78 Cr
IPO Details
| IPO Date | Feb 12, 2025 to Feb 14, 2025 |
| Listing Date | Tentative: Feb 19, 2025 |
| Face Value | ₹1.00 per share |
| Price Band | ₹674.00 to ₹708.00 |
| Lot Size | 21 Shares (Minimum: ₹14,868.00) |
| Sale Type | Offer For Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹8,750.00 Crores |
| Total Shares Offered | 123,615,318 shares |
| Offer For Sale | 123,615,318 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 9.55x |
| NII | 0.21x |
| RII | 0.11x |
| Total | 2.79x |
Hexaware Technologies IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 6,11,58,191 (49.43%) |
| Retail Shares Offered | 4,28,10,735 (34.60%) |
| NII Shares Offered | 1,83,47,458 (14.83%) |
Hexaware Technologies IPO Lot Size
Investors can bid for a minimum of 21 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 21 | ₹14,868 |
| Retail (Max) | 13 | 273 | ₹193,284 |
| S-HNI (Min) | 14 | 294 | ₹208,152 |
| S-HNI (Max) | 67 | 1,407 | ₹996,156 |
| B-HNI (Min) | 68 | 1,428 | ₹1,011,024 |
Hexaware Technologies Financial Information (Restated Consolidated)
| Period Ended | 30 Sep 2024 | 31 Dec 2023 | 30 Sep 2023 | 31 Dec 2022 | 31 Dec 2021 |
|---|---|---|---|---|---|
| Assets | 8,594.20 | 7,202.10 | 7,021.20 | 6,514.00 | 5,673.50 |
| Total Income | 8,871.30 | 10,389.10 | 7,763.10 | 9,378.80 | 7,244.60 |
| Profit After Tax | 853.30 | 997.60 | 804.80 | 884.20 | 748.80 |
| EBITDA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| NET Worth | 4,876.00 | 4,230.90 | 4,294.00 | 3,778.10 | 3,503.70 |
| Reserves and Surplus | 4,816.70 | 4,171.60 | 4,234.70 | 3,719.10 | 3,444.80 |
| Total Borrowing | 0.00 | 0.00 | 0.00 | 82.70 | 0.00 |
Amount in ₹ Cr
Key Performance Indicators
As of Sunday, December 31, 2023| KPI | Values |
|---|---|
| ROE (Return on Equity) | 0.00% |
| ROCE (Return on Capital Employed) | 0.00% |
| Debt/Equity | 0.00 |
| RoNW (Return on Net Worth) | 23.60% |
| PAT Margin (Profit After Tax Margin) | 9.60% |
| EBITDA Margin | 0.00% |
| Price to Book Value | 10.15 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 0.00 | 0.00 |
| P/E (x) | 0.00 | 0.00 |
| Promoter Holding | 95.03% | 74.70% |
Company Promoters
- The Promoter of the company is CA Magnum Holdings.
Company Overview
Incorporated in 1992, Hexaware Technologies Limited is engaged in the business of global digital and technology services with artificial intelligence.
The company uses technology to offer innovative solutions, integrating AI to help customers adapt, innovate, and improve in the AI-driven world.
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.
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 provides services in its operating segments across six industries 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 like RapidX™ for digital transformation, Tensai® for automation, and Amaze® for cloud adoption, serving customers globally across multiple regions.
Services:
- Design & Build: The company helps customers drive digital transformation by integrating technologies across products and services, focusing on new product launches, software development, and enhancing ERP systems to improve time to market and productivity.
- Secure & Run: The company secures, manages, and optimizes IT operations across applications, middleware, data, devices, and hybrid infrastructure for customers.
- Data & AI: The company creates robust data foundations for customers, enabling sustainable data value creation. Using AI and ML technologies, it transforms data into actionable insights, enhancing agility and trust in business decisions.
- Optimize: The company’s Gen AI-powered business process services enable personalized interactions, automation, analytics, and talent management across various industries.
- Cloud Services: The company’s Cloud Services serve as the foundation, leveraging cloud capabilities across all service lines for enhanced offerings.
As of September 30, 2024, the company has 32,536 employees, of which 30,171 are full-time employees and 2,365 are contracted employees.
Company Strengths
- Deep domain expertise delivered through comprehensive solutions across industries
- AI-led digital capabilities and platforms built in-house with innovation as a strategic pillar
- Long-term and embedded relationships with diversified blue-chip customer base
- Go-to-market strategy focused on customer acquisition and expansion
- Global, scalable, flexible delivery model with a certified and skilled talent pool
- Experienced and tenured leadership driving a people-first and thriving organizational culture
- Track record of growth and cash generation
Hexaware Technologies IPO Peer 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 | - | 23.60 | - | Consolidated |
| Persistent Systems Ltd. | 72.44 | 71.07 | 321.82 | 84.00 | 22.10 | - | Consolidated |
| Coforge Limited | 131.56 | 129.59 | 586.63 | 64.00 | 23.00 | - | Consolidated |
| LTIMindtree Limited | 154.85 | 154.48 | 676.55 | 38.00 | 22.90 | - | Consolidated |
| Mphasis Ltd. | 82.42 | 81.83 | 465.33 | 34.00 | 17.70 | - | Consolidated |
Quick Info
| Sector | IT (Information Technology) Services and Software |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹43,024.78 Cr |
| GMP | 0.00 |
Important Dates
| IPO Open | Feb 12, 2025 |
| IPO Close | Feb 14, 2025 |
| Allotment Date | Feb 17, 2025 |
| Credit to Demat | Feb 18, 2025 |
| Listing Date | Tentative: Feb 19, 2025 |
Lead Manager(s)
Kotak Mahindra Capital Co.Ltd.
Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
Description
- Hexaware Technologies IPO is a book build issue of ₹8,750.00 crores. The issue is entirely an offer for sale of 12.36 crore shares of ₹8,750.00 crore.
- Hexaware Technologies IPO bidding started from Feb 12, 2025 and ended on Feb 14, 2025. The allotment for Hexaware Technologies IPO was finalized on Feb 17, 2025. The shares got listed on BSE, NSE on Feb 19, 2025.
- Hexaware Technologies IPO price band is set at ₹708.00 per share . The lot size for an application is 21. The minimum amount of investment required by an retail is ₹14,868 (21 shares) (based on upper price). The lot size investment for sNII is 14 lots (294 shares), amounting to ₹2,08,152, and for bNII, it is 68 lots (1,428 shares), amounting to ₹10,11,024.
- The issue includes a reservation of up to 14,04,056 shares for employees offered at a discount of ₹67.00 to the issue price.