Hexaware Technologies Ltd IPO
Open Demat Account
Hexaware Technologies Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 1,237.2 L | ₹ 1,237.2 L | ₹ 428.11 L | ₹ 5,776.04 L | BSE | ₹ 8750 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 12 Feb, 25 | 14 Feb, 25 | 21 | ₹ 14,154 | Book Building | 19 Feb, 25 |
Hexaware Technologies Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Computers - Software - Medium |
| Sub Sector | Small |
| 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 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Hexaware Technologies Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 10,380.30 | 9,199.60 | 7,177.70 |
| EBITDA | 1,182.10 | 1,109.80 | 966.70 |
| PAT | 727.00 | 689.90 | 587.30 |
| Total Assets | 2,358.90 | 2,202.50 | 2,091.90 |
| Share Capital | 60.70 | 60.40 | 60.30 |
| Total Borrowings | 321.20 | 322.30 | 346.70 |
| Operating Activities (Net Cash) | 861.70 | 815.30 | 707.60 |
| Investing Activities (Net Cash) | 844.20 | 513.40 | 563.80 |
| Financing Activities (Net Cash) | 321.20 | 322.30 | 346.70 |
| Net Cashflow | 908.90 | 681.00 | 817.10 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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).
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.
Peer Comparison:
- Persistent Systems Ltd
- Coforge Ltd
- LTIMindtree Ltd
- Mphasis Ltd
Hexaware Technologies Ltd IPO 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.
- 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.
How To Apply for Hexaware Technologies Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
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.
