Hexaware Technologies IPO: Everything You Need to Know About Rs 8,750 Crore Offer

Are you looking to take a thrilling plunge into the world of IPO investments? The Hexaware Technologies IPO, to be open for bidding from February 12, 2025, is an exciting time for investors. It has an offer-for-sale of Rs 8,750 crore, and Hexaware Technologies is set to go public. Read ahead for all you need to know about this so that you are better informed of your own decisions.

Hexaware Technologies IPO: Key Details

• Issue Size: Rs 8,750 crore (entirely an OFS)
• IPO Opening Date: February 12, 2025
• IPO Closing Date: February 14, 2025
• Issue Price: Rs 675-708 per share
• Lot Size: Minimum 21 equity shares (and multiples thereafter)
• IPO Type: Offer for Sale (OFS) by CA Magnum Holdings (Promoter)
• Market Capitalization: Expected to reach Rs 43,025 crore

🗓️Date:  12 - 14 Feb,2025

🏷️Price Band : ₹674- ₹708

📦Market Lot:  21 Shares

💰Application Amount: ₹14,868

📏Size: ₹8,750 Cr Approx

👦Retail Portion: 35%

📃 Retail Form: 20,38,606

📄HNI Small Form: 20,802

📄HNI Big Form: 41,604

🏷️Face Value: ₹1

Hexaware Technologies, a prominent player in global IT and technology solutions, is launching this IPO with an offer from its major promoter CA Magnum Holdings. The company will not receive any proceeds from the issue as it is entirely an OFS, meaning the funds raised will go directly to the selling shareholder.

What is Hexaware Technologies?

Founded in 1992, and headquartered in Navi Mumbai, India, Hexaware Technologies specializes in delivering digital services and technology solutions infused with artificial intelligence. The company works with clients to help them adapt, innovate, and thrive in an AI-powered world. Their solutions cover almost all industries but are strong in IT service offerings, cloud computing, and data analytics.

Hexaware, with headquarters in Mumbai, established strong practices in such offshore locations as Chennai, Pune, Bengaluru, and Noida. Today, the company has widened its global footprint to 39 centers and 16 offices located in the Americas, Europe, and the APAC region. It is in fact planning to further expand its operations by opening new centers in Ahmedabad and other Tier 2 cities in India.

In terms of financial growth, Hexaware Technologies is quite impressive, making it a worthwhile investment avenue. The company's net profit for the six months ended September 30, 2024, stood at Rs 853.3 crore and posted a revenue of Rs 8,594.2 crore. The net profit for the year 2024 was Rs 997.6 crore, and the total revenue was at Rs 10,389.1 crore. The kind of financials that the company will boast of upon listing, Rs 43,025 crore, will make it a very considerable player in the space where technology has gained a lot of significance.

This IPO has an interesting twist to it as there is an allotment of shares for the employees. Hexaware Technologies has kept aside 90 crore in shares for the eligible employees of the company who will also receive a discount of Rs 67 per share while applying. While the share allocations are concerned, 50 percent of the share will be held for qualified institutional buyers, while 15 percent will be offered to non-institutional investors and 35 percent to retail investors. This design provides a level playing field where all classes of investors can gain stakes in this fascinating IPO.

Hexaware Technologies IPO: Reserve and Allocations

Share Offerings:

QIBs: 50% allocation

NIIs: 15% shares

Retail Investors: 35% allotment

Hexaware Technologies' IPO Listing Date:

Hexaware Technologies' shares will be available on both NSE and BSE on February 19, 2025. Trading of the shares will begin over these stock exchanges after the IPO gets listed.

How to Apply for Hexaware Technologies IPO?

Investors can apply for the Hexaware Technologies IPO through various platforms such as:

Through the IPO ji app and website (ipoji.com)

BSE IPO (for retail investors)

NSE IPO

Brokerage Platforms like Angelone, Zerodha, Upstox, and many more

Apply in minimum lot size of 21 shares and then multiple times

Why Invest in Hexaware Technologies IPO?

• Solid Past Performance: Hexaware Technologies has consistently presented with excellent revenue and profit growth and, hence is showing all potential to grow well in the future.
• Global Reach: With a significant presence in major global markets, across the Americas, Europe, and the APAC region, Hexaware has all the opportunities to continue with its international expansion.
• Solution Innovation: An edge for competitors through artificial intelligence and digital transformations can be drawn for its customers by Hexaware.
• Expansion Plans: Hexaware's growth into Tier 2 cities and new delivery centers indicate growth and innovation within India.

Hexaware Technologies IPO Subscription Updates

Once the IPO date is near, we will notice more attention from QIBs, NIIs, and retail investors. Hence, during the issue period, keep an eye on the status of the IPO subscription to get information about the demand and investor interest in the company.

Hexaware Technologies IPO vs. Other Upcoming IPOs:

Hexaware Technologies's Rs 8,750 Cr IPO is the largest in the pipeline mainboard one and this is a company whose digital solutions and robust market presence within the AI space have captured attention from this investment prospectus. New listings in February of 2025 will make new IPO series appear, for that, we are all set to cover detailed coverage in other pending ones as well comprising lot size and issue prices besides subscription updates with GMP as well as listing information.

This would be a great chance for an investor who would wish to invest in a leader of the IT and technology services industry. With an excellent track record in its financials, the company has an international presence with growth prospects; Hexaware Technologies could be an excellent addition to your portfolio. Mark the opening date as February 12, 2025, and keep looking for more updates on the IPO's subscription status and GMP.

If you have an interest in IPOs, then explore some of the future mainboard and SME IPOs to increase diversification options in your investments. Keep track of this IPO so that you have a better shot at one of the most widely anticipated tech IPOs of this year!

FAQs for Hexaware Technologies IPO