Hexaware Technologies Limited

Hexaware Technologies Limited

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹674 - ₹708

Total Issue

₹8,750.00 Cr

Bid Dates

12 Feb - 14 Feb

Subscription

2.66x

Est. GMP

₹37.5 (5.30%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Hexaware Technologies Limited is a global digital and technology services provider, operating across six industry-focused segments: Financial Services, Healthcare & Insurance, Manufacturing & Consumer, Hi-Tech & Professional Services, Banking, and Travel & Transportation. Its offerings span five key areas—Design & Build, Secure & Run, Data & AI, Optimize, and Cloud Services—delivered through AI-enabled platforms like RapidX™ for digital transformation, Tensai® for AI automation, and Amaze® for cloud adoption. Serving clients across the Americas, Europe, and APAC (including India and the Middle East), the company drives innovation and efficiency in the digital era.

Lot Info

Lot Information for Hexaware IPO
Category 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

Category Reservation

QIB 50%
NII 15%
Ret 35%
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹8,750.00 Cr
Fresh Issue
₹0.00 (0.00 Shares)
Offer For Sale
₹8,750.00 Cr (12.37 Cr Shares)

Objects of Issue

The company will not receive any funds as it is an offer for sale by existing investors.

Grey Market Premium

GMP ₹37.5
Est. Price ₹745.50
Est. Gain 5.30%

Hexaware IPO Peer Comparison

(Rs. in crores)

Hexaware IPO Peer Comparison Table
Particulars Hexaware Technologies Limited Persistent Systems Limited Coforge Limited LTIMindtree Limited Mphasis Limited
Revenue from operations 10,380.30 9,821.60 9,179.00 35,517.00 13,278.50
Profit after Tax 997.60 1,093.50 4,584.60 835.60 1,554.80
EPS (Basic) 16.45 72.44 131.56 154.85 82.42
NAV per share 69.77 321.82 586.63 676.55 465.33
Price to Earning 43.00 84.00 64.00 38.00 34.00
EBITDA Margin 15.30% 17.10% 18.00% 16.10% 18.20%
PAT Margin 9.60% 11.10% 12.90% 9.10% 11.70%
  • All information pertains to FY 2023-24.
  • PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of February 4, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Hexaware IPO
Particulars Sep-24 Dec-23 Dec-22 Dec-21
Revenue from Operations 8,820.00 10,380.30 9,199.60 7,177.70
Profit after Tax 853.30 997.60 884.20 748.80
Net Worth 4,876.00 4,230.90 3,778.10 3,503.70
Total Borrowing 0.00 0.00 0.00 82.70
Total Assets 8,594.20 7,202.10 6,514.00 5,673.50
NAV per share (in ₹) 80.32 69.77 62.61 58.15
EPS - Basic (in ₹) 14.12 16.45 14.65 12.43

KPIs

EBITDA (%)

15.30

PAT (%)

9.60

Price to earning (PE)

43.00

Mkt Cap (in Crs.)

43,025

Price to Book (PB)

10.15

  • All the data pertains to FY 2023-24.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

95.03%

Public

4.97%

Management

Joseph McLaren Quinlan Chairman
Srikrishna Ramakarthikeyan Chief Executive Officer
Vikash Kumar Jain Chief Financial Officer

Registrar & Lead Managers

Registrar

KFin Technologies

KFin Technologies

Subscription Status

Updated as on 14-Feb-2025 19:00:00

Mainboard Subscription Status for Hexaware IPO
Category Sub (x) Offered Bids
QIB 9.55 2,44,63,278 23,36,61,582
NII 0.22 1,83,47,458 39,48,924
bHNI 0.24 1,22,31,638 29,58,816
sHNI 0.16 61,15,819 9,90,108
Retail 0.11 4,28,10,734 47,64,102
Employee 0.33 14,04,056 4,70,358
Total 2.79 8,70,25,525 24,28,44,966

Subscription data excludes the Anchor Investor portion.

Frequently Asked Questions

What is Hexaware IPO?
Hexaware IPO is a Mainboard IPO having an issue size of ₹8,750.00 Crs. Hexaware IPO is priced at ₹674 - ₹708 per share. The issue opens on 12 Feb 25 and closes on 14 Feb 25.
When will Hexaware IPO open?
Hexaware IPO opens on 12 Feb 25 and closes on 14 Feb 25.
What is the GMP of Hexaware IPO?
The estimated Grey Market Premium of Hexaware IPO is ₹37.5 per share (5.30%).
What is the lot size of Hexaware IPO?
The minimum lot size of Hexaware IPO is 21 shares & the minimum application amount is Rs. 14868.
When is the allotment of Hexaware IPO?
The allotment date of Hexaware IPO is 17 Feb 25.
What is the listing date of Hexaware IPO?
The listing date of Hexaware IPO is 19 Feb 25.
What is the subscription of Hexaware IPO?
Hexaware IPO is subscribed 2.66 times.
What is the price band of Hexaware IPO?
Hexaware IPO is priced at ₹674 - ₹708 per share.
How to check allotment status of Hexaware IPO?
Click the allotment link on Hexaware IPO page of IPO360.
How to apply Hexaware IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Hexaware IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Hexaware IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Hexaware IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date