Hexaware Technologies Limited (MAINBOARD)
Feb 12, 2025 - Feb 14, 2025
| Price | ₹674 - ₹708 |
| Premium | ₹0 |
|---|---|
| Lot size | 21 |
| Allotment | Feb 18, 2025 |
| Listing | Feb 19, 2025 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 21 | 14868 | 2038606 |
| sHNI | 14 | 294 | 208152 | 20802 |
| bHNI | 68 | 1428 | 1011024 | 41604 |
Last updated on 14-Feb-2025 18:47:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 24463278 | 233661582 | 9.55 |
| HNIs | 18347458 | 3948924 | 0.22 |
| HNIs 10+ | 12231638 | 2958816 | 0.24 |
| HNIs 2+ | 6115819 | 990108 | 0.16 |
| Retail | 42810734 | 4764102 | 0.11 |
| Employees | 1404056 | 470358 | 0.33 |
| Total | 87025526 | 242844966 | 2.79 |
Application-Wise Breakup (Approx. no. of Apps) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 41604 | 1121 | 0.03 |
| HNIs (2-10L) | 20802 | 2710 | 0.13 |
| Retail | 2038606 | 147677 | 0.07 |
| Employee | - | 7313 | - |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 1732 | 16543.24 | 9.55 |
| FIIs | - | 8845.54 | - |
| DIIs | - | 192.44 | - |
| Mutual funds | - | 7504.71 | - |
| Others | - | 0.56 | - |
| HNIs | 1299 | 279.58 | 0.22 |
| HNIs 10+ | 866 | 209.48 | 0.24 |
| HNIs 2+ | 433 | 70.1 | 0.16 |
| Retail | 3031 | 337.3 | 0.11 |
| Employees | 99.41 | 33.3 | 0.33 |
| Total | 6161.41 | 17193.42 | 2.79 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹9.1 | @8% ₹10.4 | @9% ₹11.7 | @10% ₹13 | @11% ₹14.3 | @12% ₹15.6 |
IPO Details
| Issue Size | Up to [12,35,87,570] equity shares aggregating up to ₹8750 crores. |
| Offer For Sale | Up to [12,35,87,570] equity shares aggregating up to ₹8750 crores. |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE,BSE |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Key Performance Indicators
| KPI | Sep-24 | Dec-23 | Dec-22 |
|---|---|---|---|
| RONW | 17.60% | 23.60% | 23.40% |
| EPS | 14.06 | 16.41 | 14.53 |
| P/E | 41 |
Financial Details In Crores.
| Period Ended | Sep-24 | Dec-23 | Sep-23 | Dec-22 | Dec-21 |
|---|---|---|---|---|---|
| Assets | 8,594 | 7,202 | 7,021 | 6,514 | 5,674 |
| Revenue | 8,871 | 10,389 | 7,763 | 9,379 | 7,245 |
| Profit After Tax | 853 | 998 | 805 | 884 | 749 |
| Net Worth | 4,876 | 4,231 | 4,294 | 3,778 | 3,504 |
| Reserves and Surplus | 4,817 | 4,172 | 4,235 | 3,719 | 3,445 |
| Total Borrowing | 83 |
About Company
Incorporated in 1992, Hexaware Technologies Limited is a global digital and technology services provider integrating artificial intelligence to help customers adapt, innovate, and improve in an AI-driven world. The company operates major offshore delivery centers in India, including Chennai, Pune, Bengaluru, and Noida, as well as in Sri Lanka, with plans to expand into Tier 2 cities like Ahmedabad. As of September 30, 2024, Hexaware has a global delivery presence with 39 centers and 16 offices across the Americas, Europe, and APAC. It serves six key industries—Financial Services, Healthcare & Insurance, Manufacturing & Consumer, Hi-Tech & Professional Services, Banking, and Travel & Transportation—through AI-powered platforms such as RapidX™ for digital transformation, Tensai® for automation, and Amaze® for cloud adoption. The company’s service offerings include Design & Build, focusing on digital transformation, new product launches, and software development; Secure & Run, which optimizes IT operations across applications, middleware, data, and infrastructure; Data & AI, leveraging AI/ML for actionable insights and data-driven decision-making; Optimize, using Gen AI-powered business process services for automation and analytics; and Cloud Services, which underpin all offerings with cloud capabilities. As of September 30, 2024, Hexaware employs 32,536 people, including 30,171 full-time employees and 2,365 contracted employees.
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Strong Digital and AI-Driven Capabilities - Hexaware is recognized for its expertise in cloud computing, AI-driven automation, and advanced analytics, making it a preferred partner for businesses undergoing digital transformation.
Diverse and Global Client Base - The company serves over 400 clients across industries, reducing dependence on a single sector and maintaining long-term client relationships.
Continuous Growth and Innovation - Hexaware has a history of consistent revenue growth and strong profitability, driven by strategic acquisitions and investments in emerging technologies
Client Concentration Risk - A significant portion of revenue comes from a few large clients. Any reduction in spending or loss of a key client can impact financial performance.
Intense Competition in IT Services - The company faces strong competition from major global IT players like TCS, Infosys, and Accenture, requiring continuous investment in innovation and talent retention.
Regulatory and Geopolitical Challenges - As a global IT service provider, the company is subject to changing data protection laws, cross-border regulations, and political uncertainties, which may affect operations.
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: hexaware.ipo@kfintech.com