The Hexaware Technologies IPO is one of the biggest upcoming mainline IPOs, set to open for subscription on February 12, 2025, and close on February 14, 2025. The IPO price band is fixed between ₹674 to ₹708 per share, with a minimum lot size of 21 shares, requiring a minimum investment of ₹14,868 for retail investors. The IPO consists entirely of an offer for sale (OFS) of 12,35,87,570 equity shares, aiming to raise ₹8,750 crores. The shares are expected to be listed on both NSE and BSE on February 19, 2025. The Hexaware Technologies IPO GMP is currently trading at ₹716 per share, reflecting a 1.13% premium over the upper price band.
Hexaware Technologies IPO Details
| Particulars | Details |
|---|---|
| Issue Size | ₹8,750 crores |
| Offer for Sale | 12,35,87,570 equity shares |
| Price Band | ₹674 – ₹708 per share |
| Subscription Dates | February 12-14, 2025 |
| Listing Date | February 19, 2025 |
| Face Value | ₹1 per share |
| Listing Exchanges | BSE & NSE |
| Issue Type | Book Built Issue |
Investor Categories and Shareholder Quota
Retail Investors
- Minimum investment: ₹14,868 (1 lot of 21 shares)
- Maximum investment: ₹1,93,284 (13 lots of 273 shares)
High Net-Worth Individuals (HNIs)
- Small HNI (S-HNI): Minimum investment of ₹2,08,152 (14 lots of 294 shares)
- Big HNI (B-HNI): Minimum investment of ₹10,11,024 (68 lots of 1,428 shares)
Hexaware Technologies: Company Overview
Founded in 1990, Hexaware Technologies is a global IT and business process outsourcing (BPO) services provider. It operates in 38 delivery locations and has 16 offices across the Americas, Europe, and APAC regions. With a workforce of 31,870 professionals across 28 countries, Hexaware caters to 31 Fortune 500 clients. The company specializes in digital transformation, AI-based solutions, and cloud services.
Financial Performance
| Particulars | 9M 2024 | 9M 2023 | FY 2023 | FY 2022 | FY 2021 |
| Net Worth (₹ Million) | 48,760 | 42,940 | 42,309 | 37,781 | 35,037 |
| Revenue (₹ Million) | 88,200 | 77,643 | 1,03,803 | 91,996 | 71,777 |
| Profit (₹ Million) | 8,533 | 8,048 | 9,976 | 8,842 | 7,488 |
Hexaware Technologies IPO GMP & Market Sentiment
The Hexaware Technologies IPO GMP is ₹8 per share as of February 10, 2025, down from ₹19 on February 6, 2025. A declining GMP indicates low enthusiasm in the grey market.
Strengths of Hexaware Technologies Limited IPO
- Strong presence across six industries, including Financial Services, Healthcare & Insurance, Manufacturing, and Technology.
- Global delivery model allows cost-effective solutions across multiple geographies.
- Strong client base with 31 Fortune 500 companies.
Weaknesses & Risks
- Heavy reliance on the US and European markets, making it vulnerable to economic fluctuations.
- Talent retention and hiring skilled professionals is crucial for sustained growth.
- Revenue dependency on Financial Services & Healthcare, exposing it to sectoral downturns.
Hexaware Technologies Limited IPO Review: Good or Bad?
The IPO is purely an offer for sale (OFS), meaning no fresh capital is raised. This could be a negative factor for investors looking for growth-oriented IPOs. However, Hexaware’s strong financials and global presence make it an attractive option.
Should You Buy or Not?
- If you’re looking for long-term growth in IT & AI-driven businesses, Hexaware share price target for 2025 indicates potential upside.
- If you’re a short-term investor, the low GMP suggests limited listing gains.
How to Invest in Hexaware Technologies IPO?
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