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Hexaware Technologies Ltd IPO

We are a global digital and technology services company with artificial intelligence (AI) at its core. We leverage technology to deliver innovative solutions that help customers in their digital transformation journey and subsequent operations. We embed AI into every aspect of our solutions. We manage our business through six operating segments based on the industries we serve: Financial Services, Healthcare and Insurance, Manufacturing and Consumer, Hi-Tech and Professional Services, Banking, and Travel and Transportation. Our offerings encompass five broad services: Design & Build, Secure & Run, Data & AI, Optimize, and Cloud Services, which form the foundation for our offerings.

Hexaware Technologies Ltd IPO Details

Total Shares Offered

₹ 12,37,20,440

Offer to Public

12,37,20,440

Retail Max (Shares)

₹ 4,28,10,734

Pre Issue Promoters Holding

₹ 57,76,04,202

Exchange

BSE

Issue size

₹ 8750 Cr

IPO Open Date

Feb 12, 2025

Close Date

Feb 14, 2025

Lot Size

Min Investment

₹ 14,154

Issue Type

Book Building

Listing Date

Feb 19, 2025

Hexaware Technologies Ltd IPO Dates

Feb 12, 2025

Opening date

Feb 14, 2025

Closing date

Feb 17, 2025

Basis of Allotment

Feb 18, 2025

Initiation of Refunds

Feb 18, 2025

Credit of Shares

Feb 19, 2025

Listing date

Details

Sector	Type
Sector	Computers - Software - Large
Sub Sector	NA
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	3.82x	61158192	233661582
NII	0.22x	18347458	3948924
Retail	0.11x	42810734	4764102
Employee	0.37x	1271186	470358
Total	1.96x	123720440	242844966

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

3.82x

0.22x

0.11x

0.37x

1.96x

61158192

18347458

42810734

1271186

123720440

233661582

3948924

4764102

470358

242844966

Hexaware Technologies Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	11,974.40	10,380.30	9,199.60
EBITDA	1,309.70	1,182.10	1,109.80
PAT	784.00	727.00	689.90
Total Assets	2,684.30	2,396.70	2,202.50
Share Capital	60.80	60.70	60.40
Total Borrowings	576.10	359.00	322.30
Operating Activities (Net Cash)	920.70	861.70	815.30
Investing Activities (Net Cash)	1,509.60	844.20	513.40
Financing Activities (Net Cash)	576.10	359.00	322.30
Net Cashflow	786.90	908.90	681.00

About Hexaware Technologies Ltd

Our Company was incorporated as Aptech Information Systems Limited, a public limited company under the Companies Act, 1956 on November 20, 1992, pursuant to a certificate of incorporation granted by the Registrar of Companies, Maharashtra at Mumbai (RoC). Our Company obtained a certificate of commencement of business on December 31, 1992 from the RoC. Subsequently, the name of our Company was changed to Aptech Limited and a fresh certificate of incorporation dated August 5, 1996 was granted by the RoC. The name of our Company was subsequently changed to Hexaware Technologies Limited pursuant to a fresh certificate of incorporation dated April 2, 2002 granted by the RoC.

The IT services and Business Process Services (BPS) market is projected to reach approximately Rs. 343.0 trillion (Rs. 343,000,000 million) in CY2029, with IT services growing at a CAGR of approximately 7.2% and BPS growing at a CAGR of approximately 2.5% for the period CY2024-29E. Factors driving such growth include increased adoption of cloud, data and AI solutions, heightened cybersecurity needs and cost optimization. Digital is an overarching theme across all major technology segments in today's market, with overall digital services spend set to reach approximately Rs. 152.7 trillion (Rs. 152,700,000 million) by CY2029 (Source: Everest Report).

Peer Comparison:

Persistent Systems Ltd
Coforge Ltd
LTIMindtree Ltd
Mphasis Ltd

Hexaware Technologies Ltd Key Points

Strengths

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.

Risk

The company derived 73.4% and 71.5% of its revenue from operations from the Americas and 20.5% and 22.1% of its revenue from operations from Europe for the nine months ended September 30, 2024 and the Financial Year 2023, respectively. Any adverse changes in economic conditions that negatively affect the economic health of the geographies and markets in which the company has a presence could affect its business, financial condition and results of operations.

The company derived 28.3% and 21.2% of its revenue from operations for the nine months ended September 30, 2024 and 27.2% and 21.7% of its revenue from operations for the Financial Year 2023 from the company customers in the `Financial Services' and `Healthcare and Insurance' operating segments, respectively. Any factors that negatively affect these operating segments could affect its business, financial condition and results of operations.

Its business depends on the company ability to attract and retain highly skilled professionals. If the company fails to attract, retain, train and optimally utilize these professionals, its business may be unable to grow and the company results of operations and profitability could decline.

Strategy

Continuously improve our offerings and platforms.

Deepen and expand relationships with existing customers.

Acquire new customers with focus on large customers to tap high value opportunities.

Strategically expand into untapped geographies and industries.

Create and develop advanced talent and optimize cost of delivery.

How To Apply for Hexaware Technologies Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Hexaware Technologies Ltd IPO?

Hexaware Technologies Ltd's IPO offers shares for up to 0 It begins on Feb 12, 2025 and ends on Feb 14, 2025.

What is the price of the Hexaware Technologies Ltd IPO?

The price of Hexaware Technologies Ltd IPO ranges between ₹674 to ₹708 per share.

What are the open and close dates for the Hexaware Technologies Ltd IPO?

The Hexaware Technologies Ltd IPO opens on Feb 12, 2025 and closes on Feb 14, 2025.

When will the Hexaware Technologies Ltd IPO be allotted?

The allotment for the Hexaware Technologies Ltd IPO will be finalised on Feb 17, 2025. The shares will be listed on BSE and NSE on Feb 19, 2025.

What is the minimum lot size required for Hexaware Technologies Ltd IPO?

The minimum lot size for Hexaware Technologies Ltd IPO is 21 shares, priced between ₹674 to ₹708 per share.

What is the GMP of Hexaware Technologies Ltd IPO?

The GMP (Grey Market Premium) of Hexaware Technologies Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Hexaware Technologies Ltd IPO?

To check the allotment status of Hexaware Technologies Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Hexaware Technologies Ltd IPO getting listed?

The Hexaware Technologies Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Feb 12, 2025, and closes on Feb 14, 2025. The allotment is finalised on Feb 17, 2025.

How do you apply for the Hexaware Technologies Ltd IPO?

To apply for the Hexaware Technologies Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.