Hexaware Technologies Limited IPO (Hexaware Technologies IPO) Detail
Hexaware Technologies IPO is a book built issue of Rs 8,750.00 crores. The issue is entirely an offer for sale of 12.36 crore shares.
Hexaware Technologies IPO bidding started from February 12, 2025 and ended on February 14, 2025. The allotment for Hexaware Technologies IPO was finalized on Monday, February 17, 2025. The shares got listed on BSE, NSE on February 19, 2025.
Hexaware Technologies IPO price band is set at ₹708 per share. The minimum lot size for an application is 21. The minimum amount of investment required by retail investors is ₹14,154. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹14,868. The minimum 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 1404056 shares for employees offered at a discount of Rs 67.00 to the issue price.
Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, Hsbc Securities & Capital Markets Pvt Ltd, Iifl Securities Ltd are the book running lead managers of the Hexaware Technologies IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Hexaware Technologies IPO RHP for detailed information.
Hexaware Technologies Limited Stock Quote & Charts
- Open: ₹715.90
- High – Low: ₹723.80 – ₹698.00
- Previous Close: ₹711.50
- Total Traded Value: 4,78,671.00
- 52 Weeks High: ₹847.00 (Feb 27, 2025)
- 52 Weeks Low: ₹708.00 (Feb 19, 2025)
- Updated On: Mar 28, 2025 4:00 PM
Hexaware Technologies IPO Details
| IPO Date | February 12, 2025 to February 14, 2025 |
| Listing Date | February 19, 2025 |
| Face Value | ₹1 per share |
| Issue Price | ₹708 per share |
| Lot Size | 21 Shares |
| Total Issue Size | 12,35,87,570 shares (aggregating up to ₹8,750.00 Cr) |
| Offer for Sale | 12,35,87,570 shares of ₹1 (aggregating up to ₹8,750.00 Cr) |
| Employee Discount | 67.00 |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 60,76,94,668 shares |
| Share Holding Post Issue | 60,76,94,668 shares |
Hexaware Technologies IPO Reservation
Hexaware Technologies IPO offers 12,37,20,440 shares. 2,44,63,278 (19.77%) to QIB, 1,83,47,458 (14.83%) to NII, 4,28,10,734 (34.6%) to RII, 14,04,056 (1.13%) to employees and 3,66,94,914 (29.66%) to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 3,66,94,914 (29.66%) | NA |
| QIB Shares Offered | 2,44,63,278 (19.77%) | NA |
| NII (HNI) Shares Offered | 1,83,47,458 (14.83%) | |
| bNII > ₹10L | 1,22,31,638 (9.89%) | 41,604 |
| sNII < ₹10L | 61,15,819 (4.94%) | 20,802 |
| Retail Shares Offered | 4,28,10,734 (34.6%) | 20,38,606 |
| Employee Shares Offered | 14,04,056 (1.13%) | NA |
| Total Shares Offered | 12,37,20,440 (100%) |
Category Reservation Detail Table
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII |
| Yes for Employee and RII/NII |
- Employee limit: Up to Rs 5 Lakhs (In certain cases, employees are given discount if bidding amount is upto Rs. 2 lakhs)
- If applying as RII: Upto Rs. 2 lakhs
- If applying as NII: sNII > Rs. 2 lakhs and upto Rs. 10 lakhs and bNII > Rs. 10 lakhs
Hexaware Technologies IPO Anchor Investors Details
Hexaware Technologies IPO raises Rs 2,598.00 crore from anchor investors. Hexaware Technologies IPO Anchor bid date is February 11, 2025. Hexaware Technologies IPO Anchor Investors list
| Bid Date | February 11, 2025 |
| Shares Offered | 3,66,94,914 |
| Anchor Portion Size (In Cr.) | 2,598.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 18, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 17, 2025 |
Hexaware Technologies IPO Timeline (Tentative Schedule)
Hexaware Technologies IPO opens on February 12, 2025, and closes on February 14, 2025.
| IPO Open Date | Wed, Feb 12, 2025 |
| IPO Close Date | Fri, Feb 14, 2025 |
| Tentative Allotment | Mon, Feb 17, 2025 |
| Initiation of Refunds | Tue, Feb 18, 2025 |
| Credit of Shares to Demat | Tue, Feb 18, 2025 |
| Tentative Listing Date | Wed, Feb 19, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 14, 2025 |
Hexaware Technologies IPO Lot Size
Investors can bid for a minimum of 21 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| 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 |
| Lot Size Calculator | |||
Hexaware Technologies IPO Promoter Holding
| Share Holding Pre Issue | 95.03% |
| Share Holding Post Issue | 74.7% |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
About Hexaware Technologies Limited
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.
Competitive Strength:
- 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
Company Financials
Hexaware Technologies Limited Financial Information (Restated Consolidated)
| Period Ended | 30 Sep 2024 | 31 Dec 2023 | 30 Sep 2023 | 31 Dec 2022 | 31 Dec 2021 |
| Assets | 8,594.2 | 7,202.1 | 7,021.2 | 6,514 | 5,673.5 |
| Revenue | 8,871.3 | 10,389.1 | 7,763.1 | 9,378.8 | 7,244.6 |
| Profit After Tax | 853.3 | 997.6 | 804.8 | 884.2 | 748.8 |
| Net Worth | 4,876 | 4,230.9 | 4,294 | 3,778.1 | 3,503.7 |
| Reserves and Surplus | 4,816.7 | 4,171.6 | 4,234.7 | 3,719.1 | 3,444.8 |
| Total Borrowing | 82.7 | ||||
| Amount in ₹ Crore | |||||
Key Performance Indicator (KPI)
The market capitalization of Hexaware Technologies IPO is Rs 43024.78 Cr.
KPI as of Sun, Dec 31, 2023.
| KPI | Values |
|---|---|
| RoNW | 23.6% |
| PAT Margin | 9.60 |
| Price to Book Value | 10.15 |
Objects of the Issue (Hexaware Technologies IPO Objectives)
The Company will not receive any proceeds from the Offer for Sale
Hexaware Technologies IPO Review (Apply)
[Dilip Davda] HTL is one of the leading players in AI-enabled digital solutions provider from India. It marked steady growth in its top and bottom lines for the reported periods. It has evolved growing set of offerings in the last decade and is thus enjoying prime place in innovative solutions globally. Based on recent financial performance, the issue appears fully priced. Well-informed investors may park funds for medium to long term, in this dividend paying company. Read detail review…
Hexaware Technologies IPO Subscription Status (Bidding Detail)
The Hexaware Technologies IPO is subscribed 2.79 times on February 14, 2025 5:42:47 PM (Day 3). The public issue subscribed 0.11 times in the retail category, 9.55 times in the QIB category, and 0.21 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 9.55 | 2,44,63,278 | 23,36,61,582 |
| NII | 0.21 | 1,83,47,458 | 39,48,924 |
| bNII (bids above ₹10L) | 0.24 | 1,22,31,638 | 29,58,816 |
| sNII (bids below ₹10L) | 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 | 8,70,25,526 | 24,28,44,966 |
Total Application : 1,60,193
Hexaware Technologies IPO Prospectus
Hexaware Technologies IPO Listing Details
| Listing Date | February 19, 2025 |
| BSE Script Code | 544362 |
| NSE Symbol | HEXT |
| ISIN | INE093A01041 |
| Final Issue Price | ₹708 per share |
Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹708.00 | ₹708.00 |
| Open | ₹731.00 | ₹745.50 |
| Low | ₹724.40 | ₹708.00 |
| High | ₹787.80 | ₹788.00 |
| Last Trade | ₹763.85 | ₹762.55 |
Check IPO Performance…
Hexaware Technologies Limited Contact Details
Hexaware Technologies Limited
152, Millennium Business Park,
Sector III, ‘A’ Block, TTC Industrial Area,
Mahape, Navi Mumbai, 400 710
Phone: +91 223326 8585
Email: investori@hexaware.com
Website: http://www.hexaware.com/
Hexaware Technologies IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: hexaware.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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