The Hexaware Technologies Limited IPO is set to open on February 12, 2025, and close on February 14, 2025. It marks a significant event in the Indian tech sector with the company aiming to raise ₹8,750 crore through its offer for sale (OFS). This public offering, scheduled to Hexaware Technologies, a leading global IT and consulting company, is known for its AI-driven solutions and strong customer base, including several Fortune 500 companies. This detailed article provides an in-depth analysis of the Hexaware Technologies Limited IPO, covering its key dates, issue size, pricing, financial performance, risks, and more.
Hexaware Technologies Limited IPO Date
The Hexaware Technologies Limited IPO dates are essential for any investor interested in applying for this IPO. Here are the key dates to keep in mind:
- IPO Opening Date: February 12, 2025
- IPO Closing Date: February 14, 2025
- Basis of Allotment: February 17, 2025
- Initiation of Refunds: February 18, 2025
- IPO Listing Date: February 19, 2025
- Listing on Exchange: NSE and BSE
These dates are critical for prospective investors as they determine when to apply, when to expect refunds for unallotted shares, and when the shares will officially be listed on the stock exchanges.
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Hexaware Technologies Limited IPO: Issue Size and Price Band
The Hexaware Technologies Limited IPO will raise an estimated ₹8,750 crore, entirely through an offer for sale (OFS) by the company’s promoter, CA Magnum Holdings. The IPO will involve the sale of shares held by the Carlyle Group, and the company itself will not benefit from any of the funds raised. Instead, the proceeds will go to the selling shareholders.
- Total Offer Size: ₹8,750 crore (entirely OFS)
- Fresh Issue: None
- Offer for Sale (OFS): ₹8,750 crore
- Price Band (Per Share): ₹674 – ₹708
- Face Value: ₹1 per share
Since there is no fresh issue, no new shares will be created in this offering, and the proceeds will go directly to the selling shareholder.
Hexaware Technologies Limited IPO: Proceeds Usage
The Hexaware Technologies Limited IPO is a pure offer-for-sale (OFS), meaning no fresh capital will be raised by the company itself.
- The entire amount raised from the IPO will be allocated to the selling shareholder, CA Magnum Holdings, which is part of the Carlyle Group.
- CA Magnum Holdings currently holds a 95.03% stake in Hexaware Technologies.
- Since it’s an OFS, the proceeds from the sale of shares will go directly to the selling shareholder and not the company.
- Hexaware Technologies will not utilize the funds for its operations, expansions, or debt reduction.
Hexaware Technologies Limited IPO Details: Reservations
The IPO has been reserved for specific categories of investors. Here’s a breakdown of the quota allocation for different investor categories:
- Retail Investors: A minimum of 35% of the offer
- Qualified Institutional Buyers (QIBs): A maximum of 50% of the offer
- Non-Institutional Investors (NIIs): A minimum of 15% of the offer
These reservations allow different categories of investors, including retail, institutional, and high-net-worth individuals, to participate in the IPO.
Hexaware Technologies Limited IPO Lot Size
For those interested in applying for the Hexaware Technologies Limited IPO, it’s essential to understand the lot size. The minimum lot size is 21 shares, and investors can apply in multiples of 21 thereafter. The lot size is as follows:
| Investor Type | 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 Limited IPO Details: Promoter Holding
As of the latest filings, CA Magnum Holdings, part of the Carlyle Group, owns a significant 95.03% stake in Hexaware Technologies Limited. This stake is being sold through the IPO, and after the IPO, the Carlyle Group will no longer be the majority shareholder.
Here is a breakdown of the Hexaware Technologies Limited IPO Shareholder quota:
- Pre-IPO Promoter Holding: 95.03%
- Post-IPO Promoter Holding: Will be reduced significantly due to the offer-for-sale (OFS)
It’s important to note that since this is an OFS, the company will not see any dilution of its shares, but the existing promoter’s holding will decrease.
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Hexaware Technologies Limited IPO: Company Overview
Hexaware Technologies Limited is a leading player in the IT services sector, providing a broad range of solutions, including IT consulting, software development, system integration, cloud services, and digital transformation. The company’s services are driven by AI, automation, and data analytics, positioning it well in the growing digital landscape.
Hexaware has a strong global presence, with operations across 39 delivery centers and 16 offices worldwide. The company serves over 31 Fortune 500 companies and has a client base that spans industries such as banking, healthcare, insurance, and manufacturing.
Hexaware’s ability to deliver end-to-end services from strategy to execution makes it a preferred partner for businesses looking to transform digitally. The Hexaware Technologies Limited IPO valuation reflects the company’s strong financial performance and growth potential in the global IT services market.
Financial Performance of Hexaware Technologies Limited IPO
Let’s look into the financial performance of Hexaware Technologies Limited. Below is the financial summary based on the company’s recent filings:
| Particulars (in ₹ Cr) | 30 Sep 2024 | 30 Sep 2023 | Percentage Change |
|---|---|---|---|
| Assets | 8,594.2 | 7,021.2 | 22.40% |
| Revenue | 8,871.3 | 7,763.1 | 14.28% |
| Profit After Tax | 853.3 | 804.8 | 6.03% |
| Net Worth | 4,876.0 | 4,294.0 | 13.55% |
| Reserves and Surplus | 4,816.7 | 4,234.7 | 13.74% |
Summary Analysis:
- Assets: Hexaware’s assets have grown significantly, showing a 22.40% increase YoY, indicating improved financial strength.
- Revenue: There is a 14.28% increase in revenue from the previous year, reflecting solid growth despite some volatility in the industry.
- Profit After Tax: The company has experienced a 6.03% YoY growth in profit, showcasing its ability to maintain profitability amidst market challenges.
- Net Worth: Hexaware’s net worth grew by 13.55%, which highlights strong financial health and retained earnings.
- Reserves and Surplus: A 13.74% increase indicates robust reinvestment into the company, strengthening its capital base.
Overall, Hexaware Technologies has demonstrated positive financial growth across key metrics, with significant YoY improvements in assets, revenue, and profitability.
Peer Analysis of Hexaware Technologies Limited IPO
Below is a comparative analysis of Hexaware Technologies against its key industry peers:
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (₹) | P/E (x) | RoNW (%) |
|---|---|---|---|---|---|
| Hexaware Technologies Limited | 16.45 | 16.41 | 69.77 | 41 | 23.6 |
| Persistent Systems Ltd. | 72.44 | 71.07 | 321.82 | 84 | 22.1 |
| Coforge Limited | 131.56 | 129.59 | 586.63 | 64 | 23 |
| LTIMindtree Limited | 154.85 | 154.48 | 676.55 | 38 | 22.9 |
| Mphasis Ltd. | 82.42 | 81.83 | 465.33 | 34 | 17.7 |
Hexaware Technologies Limited IPO Risk Factors
Investors should be aware of several risks before participating in the Hexaware Technologies Limited IPO:
- Geographic Concentration Risk: A significant portion of Hexaware’s revenue is derived from the U.S. and European markets. Any adverse changes in these regions’ economic conditions could impact the company’s performance.
- Currency Fluctuations: As a global company, Hexaware is exposed to foreign exchange risks, which could affect its profitability.
- High Employee Attrition: The IT services industry often faces high attrition rates, which could affect Hexaware’s operational efficiency.
- Cybersecurity Threats: As a tech firm, Hexaware is vulnerable to cybersecurity risks, which could disrupt its business operations.
Hexaware Technologies Limited IPO Details Contact Information
Registered and Corporate Office Contact Information
- Address: 152, Millennium Business Park, Sector III, ‘A’ Block, TTC Industrial Area, Mahape, Navi Mumbai, Maharashtra – 400 710, India
- Telephone: (+91) 22 3326 8585
- E-mail: investori@hexaware.com
- Website: www.hexaware.com
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Frequently Asked Questions – FAQs
1. What is the Hexaware Technologies Limited IPO date?
The Hexaware Technologies Limited IPO will open on February 12, 2025, and close on February 14, 2025. The listing of shares will happen on February 19, 2025.
2. What is the Hexaware Technologies Limited IPO lot size?
The minimum lot size for the Hexaware Technologies Limited IPO is 21 shares, with a minimum investment of approximately ₹14,868. Investors can apply for multiples of 21 shares. The maximum amount a retail investor can apply for is ₹1,93,284 (13 lots).
3. What is the Hexaware Technologies Limited IPO price?
The issue price band of Hexaware Technologies Limited IPO is ₹674 to ₹708 per share.
Reference:
https://www.sebi.gov.in/sebiweb/home/HomeAction.do?doListing=yes&sid=3&ssid=15&smid=11
Author: All Content is verified by SMC Global Securities.
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