Hexaware Technologies IPO
Hexaware Technologies IPO — date, price band, lot size & details 2025
Hexaware Technologies listed on 19 Feb 2025 at ₹745.5, 5.3% above the ₹708 issue price.
Hexaware Technologies is a global digital and technology services company built around artificial intelligence. It had 39 delivery centres and 16 offices across the Americas, Europe and APAC on 30 September 2024.
Stock price
Hexaware Technologies is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 10 November.
- Open 12 Feb 2025
- Close 14 Feb 2025
- Allotment 17 Feb 2025
- Refund/credit 18 Feb 2025
- Listing 19 Feb 2025
Issue summary
The terms of the offer, as filed.
| IPO Dates | 12 to 14 Feb, 2025 |
|---|---|
| Price Band | ₹674 – ₹708 |
| Face Value | ₹1 |
| Lot Size | 21 Shares |
| Issue Size | ₹8750 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Employee Discount | Rs 67.00 per share |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,868 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 21 shares at the ₹708 cut-off. Drag to size your application.
| 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 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 7,244.60 crore in the year ended 31 December 2021 to Rs 10,389.10 crore in the year ended 31 December 2023.
- 02Profit after tax rose from Rs 748.80 crore to Rs 997.60 crore over the same two years.
- 03Return on net worth was 23.6% and the PAT margin was 9.60%, as per the figures at the source.
- 04Net worth stood at Rs 4,876.00 crore on 30 September 2024, and the source shows no borrowing on that date.
- 05The company had 39 delivery centres and 16 offices worldwide on 30 September 2024.
Risks · 7
- 01The whole Rs 8,750 crore issue was offer for sale by the promoter. The company got no fresh money.
- 02The source does not state a P/E or EPS for the issue, so the valuation at the upper band of Rs 708 cannot be read from these figures alone.
- 03Financial years end on 31 December and the latest figures cover only the nine months to 30 September 2024, which makes comparison with Indian peers harder.
- 04Promoter holding fell from 95.03% before the issue to 74.7% after it.
- 05The Americas gave 73.4% of revenue from operations in the nine months to 30 September 2024 and Europe gave 20.5%, so income depends on those two regions.
- 06The top 10 customers gave 35.7% of revenue in the nine months to 30 September 2024.
- 07The promoter CA Magnum Holdings still held 74.7% after the issue, so more selling is possible later.
Three years of numbers
All figures in ₹ crore, as reported in the Hexaware Technologies offer document.
| Metric | 30 Sep 2024 | 31 Dec 2023 | 30 Sep 2023 | 31 Dec 2022 | 31 Dec 2021 |
|---|---|---|---|---|---|
| Assets | 8,594.20 | 7,202.10 | 7,021.20 | 6,514.00 | 5,673.50 |
| Total Income | 8,871.30 | 10,389.10 | 7,763.10 | 9,378.80 | 7,244.60 |
| Profit After Tax | 853.30 | 997.60 | 804.80 | 884.20 | 748.80 |
| NET Worth | 4,876.00 | 4,230.90 | 4,294.00 | 3,778.10 | 3,503.70 |
| Reserves and Surplus | 4,816.70 | 4,171.60 | 4,234.70 | 3,719.10 | 3,444.80 |
| Total Borrowing | 82.70 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Hexaware Technologies RHP.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the Hexaware Technologies IPO will be updated shortly.
Hexaware Technologies IPO Anchor Investors
96 anchor investors across 60 fund houses committed ₹2,598.01 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
The segments are Financial Services, Healthcare and Insurance, Manufacturing and Consumer, Hi-Tech and Professional Services, Banking, and Travel and Transportation. Services fall under Design and Build, Secure and Run, Data and AI, Optimize, and Cloud Services.
The company uses its own platforms, RapidX for digital transformation, Tensai for automation and Amaze for cloud adoption. Its main offshore centres are in India and Sri Lanka.
The IPO was entirely an offer for sale of Rs 8,750 crore by CA Magnum Holdings, the promoter. The company received no money from it.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Hexaware Technologies IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
HSBC Securities & Capital Markets (India) Pvt. Ltd.
13 issues handledBest listing: Tenneco Clean Air India (+27.2%). Weakest: Canara HSBC Life Insurance Co (0.0%).
Kotak Mahindra Capital Company Limited
30 issues handledBest listing: Moneyview (+61.8%). Weakest: Amagi Media Labs (-12.2%).
IIFL Capital Services Limited
50 issues handledBest listing: Tonbo Imaging India (+65.7%). Weakest: Acevector (-11.5%).
JP Morgan India Pvt. Ltd
2 issues handled2 of their issues have listed so far, and 1 opened above the issue price (average +10.1%). That is too small a sample to read as a hit rate.
Citigroup Global Markets India Pvt. Ltd
4 issues handledBest listing: Anthem Biosciences (+26.9%). Weakest: Ajax Engineering (-8.4%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Hexaware Technologies?
The current Grey Market Premium is ₹1.
What is the Hexaware Technologies IPO price band?
₹674 to ₹708, on a face value of ₹1.
When is the allotment?
The basis of allotment is 17 February 2025, with listing on 19 February 2025.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
