Hexaware Technologies IPO Details, Financials, Valuation & Peers
Explore Hexaware Technologies IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Hexaware Technologies Limited is a global digital and technology services company with artificial intelligence (AI) at its core. The company leverages AI-driven solutions to help businesses accelerate digital transformation and optimize operations. With a strong presence across the Americas, Europe, and Asia-Pacific (including India and the Middle East), Hexaware serves a wide range of industries, including financial services, healthcare, insurance, manufacturing, technology, banking, and travel. The company offers five key services—Design & Build, Secure & Run, Data & AI, Optimize, and Cloud Services—delivered through AI-enabled digital platforms such as RapidX™ for digital transformation, Tensai® for AI-powered automation, and Amaze® for cloud adoption. Hexaware has a diverse customer base, including 31 Fortune 500 companies, and is recognized for its strong customer-centric approach, innovation, and strategic partnerships.
Key Points:
- AI-Driven solutions:
- Embeds AI into all service offerings, including digital transformation, automation, and cloud solutions.
- Proprietary AI-powered platforms, including RapidX™, Tensai®, and Amaze®, drive automation and cloud adoption.
- Client Base:
- Serves 31 Fortune 500 companies across multiple industries.
- Clients include top global firms in asset management, life sciences, insurance, manufacturing, retail, hi-tech, banking, and airlines.
- Recognized as a Leading IT Services Brand:
- Named the ‘Fastest Growing Brand’ among the Top 10 IT services companies in the Brand Finance 100 (2024).
- Ranked 7th among Indian IT services firms and 50th among the top 100 brands in India.
- Strategic Evolution:
- Transitioned from a “shrink IT, grow digital” strategy to an AI-first, cloud-powered approach.
- Focuses on automation, cloudification, and enhancing customer experiences.
Objects of the Issue
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges
- Carry out the Offer for Sale of ₹1 each aggregating up to ₹ 8,750 crore
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 12 Feb - 14 Feb 2025 |
| IPO Price Band | ₹674 - ₹708 per share |
| Fresh Issue | NIL |
| Offer For Sale | ₹8,750 crore |
| Total IPO Size | ₹8,750 crore |
| Face Value | ₹1 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 12 Feb 2025 |
| IPO Closing Date | 14 Feb 2025 |
| Basis Of Allotment | 17 Feb 2025 |
| Refunds | 18 Feb 2025 |
| Demat Transfer | 18 Feb 2025 |
| IPO Listing Date | 19 Feb 2025 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| Total Income | 7,244.6 | 9,378.8 | 10,389.1 | 8,871.3 |
| Total Expenses | 6,303.4 | 8,255.8 | 9,120.6 | 7,728.0 |
| Net Profit/Loss | 748.8 | 884.2 | 997.6 | 853.3 |
| NPM (*) | 10.4 | 9.6 | 9.6 | 9.7 |
| Total Assets | 5,673.5 | 6,514.0 | 7,202.1 | 8,594.2 |
| Total Liabilities | 1,885.6 | 2,391.0 | 2,566.9 | 3,317.2 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| EPS | 12.32 | 14.53 | 16.41 | 14.06 |
| ROE (%) | NA | NA | NA | NA |
| ROCE (%) | NA | NA | NA | NA |
| D/E Ratio | NA | NA | NA | NA |
| Current Ratio | 2.02 | 1.77 | 1.95 | 1.62 |
| EBITDA MARGIN (%) | 16.7 | 15.2 | 15.3 | 15.8 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Hexaware Technologies Limited | 10,380.3 | 43.14 | 16.41 | 23.6 | 69.77 |
| Persistent Systems Limited | 9,821.6 | 84 | 71.07 | 22.1 | 321.82 |
| Coforge Limited | 9,179.0 | 64 | 129.59 | 23.0 | 586.63 |
| LTIMindtree Limited | 35,517.0 | 38 | 154.48 | 22.9 | 676.55 |
| Mphasis Limited | 13,278.5 | 34 | 81.83 | 17.7 | 465.33 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
IPO Reservation
| Investor Type | Shares Offered |
|---|---|
| Qualified Institutional Buyer (QIB) | Not more than 50% |
| Non-Institutional Investor (NII/HNI) | Not less than 15% |
| Retail Individual Investor (RII) | Not less than 35% |
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 6.91 |
| Non-Institutional Investor (NII/HNI) | 0.22 |
| Retail Individual Investor (RII) | 0.12 |
| Total | 2.05 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222/ 18003094001
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Company Promoters
- CA MAGNUM HOLDINGS
Lead Managers
- Kotak Mahindra Capital Company Limited
- Citigroup Global Markets India Private Limited
- J.P. Morgan India Private Limited
- HSBC Securities and Capital Markets (India) Private Limited
- IIFL Capital Services Limited (formerly known as IIFL Securities Limited)
Company Address
Hexaware Technologies Limited
152, Millennium Business Park, Sector III, ‘A’ Block, TTC Industrial Area, Mahape, Navi Mumbai Maharashtra - 400 710, India
Phone: (+91) 22 3326 8585
Email: investori@hexaware.com
Website: www.hexaware.com
FAQs
- What is the issue size of the Hexaware Technologies IPO?The Hexaware Technologies IPO has an issue size of ₹8,750 crore. This includes a fresh issue of NIL and an offer for sale (OFS) of ₹8,750 crore.
- What is the price band of the Hexaware Technologies IPO?The price band for the Hexaware Technologies IPO is ₹674 - ₹708 per share.
- What are the bidding dates for the Hexaware Technologies IPO?The Hexaware Technologies IPO will open for bidding on 12 Feb 2025 and close on 14 Feb 2025.
- What is the allotment date for the Hexaware Technologies IPO?The allotment date for the Hexaware Technologies IPO is 17 Feb 2025.
- What is the minimum lot size and investment required for the Hexaware Technologies IPO?The minimum lot size for the Hexaware Technologies IPO is 21 shares and the minimum investment required is ₹14,868.
- What is the listing date for the Hexaware Technologies IPO?The listing date for the Hexaware Technologies IPO is 19 Feb 2025.
- What is the Hexaware Technologies IPO grey market premium?The grey market premium (GMP) for the Hexaware Technologies IPO is currently at ₹0, with an expected listing gain of approximately 0%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.