Hexaware Technologies IPO Review: Apply or Avoid?
Posted by : sachet | Mon Feb 10 2025
Hexaware Technologies IPO is all set to open for bidding on 12th February 2025. It is a book-built issue consisting of an offer for sale of 12,35,87,570 shares worth Rs 8,750.00 crore. The issue is going to be listed on BSE and NSE on its tentative listing date, 19th February 2025.
Hexaware Technologies IPO
Hexaware Technologies IPO date is fixed between 12th February 2025 to 14th February 2025. The face value of Hexaware Technologies Limited shares stands at Rs 1 per share, and the IPO price band is set at Rs 674 to Rs 708 per share.
Kfin Technologies Limited is the registrar of Hexaware Technologies IPO, awaiting to manage the allotment process and refund initiation of the issue. On the other hand, Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, HSBC Securities & Capital Markets Private Limited, and IIFL Securities Limited are the book-running lead managers of this IPO.
Download Hexaware Technologies IPO RHP and check out the further IPO details in the table below.
Hexaware Technologies IPO Details
| IPO Open Date | 12th February 2025 |
| IPO Close Date | 14th February 2025 |
| IPO Allotment Date | 17th February 2025 |
| Refund Initiation | 18th February 2025 |
| Issue Size | 12,35,87,570 shares (worth Rs 8,750.00 crore) |
| Face Value | Rs 1 per share |
| Lot Size | 21 shares |
| Price Band | Rs 674 to Rs 708 per share |
| Employee Discount | 67.00 |
| Issue Type | Book Built Issue (Offer For Sale) |
| Listing At | BSE & NSE |
| Listing Date | 19th February 2025 |
Hexaware Technologies IPO GMP, Issue Size, Price, and Offer Details
Hexaware Technologies IPO is a book-built issue of 12,35,87,570 shares worth Rs 8,750.00 crore in offer for sale. Hexaware Technologies Limited shares will likely be listed on BSE and NSE. Moreover, the Securities Exchange Board of India (SEBI) has provided share reservation criteria for different investors.
| Investor Categories | Reservation Required |
| QIB | <50% of total issue |
| Retail Investors | >35% of total issue |
| NII (sNII+bNII) | >15% of total issue |
| Total | 100% |
Note: QIB (Qualified Institutional Buyers), NII (Non-Institutional Investors), sNII (Small Non-Institutional Investors), bNII (Big Non-Institutional Investors).
Hexaware Technologies IPO GMP Grey Market Premium
If you want to check real-time updates on Hexaware Technologies IPO GMP, you’ve reached the right place. It is essential to note that GMP is the difference between the fixed price band of the issue and the price at which company shares are trading in the grey market.
Furthermore, GMP is subject to change based on market trends and sentiments. You should check the live GMP status before applying for Hexaware Technologies IPO. Check the GMP data below for real-time Hexaware Technologies IPO GMP data.
| GMP Date | GMP | Estimated Listing Price | Estimated Listing Gains |
| 10-02-2025 | Rs 5 | Rs 713 | 0.71% |
| 09-02-2025 | Rs 8 | Rs 716 | 1.13% |
| 08-02-2025 | Rs 11 | Rs 719 | 1.55% |
| 07-02-2025 | Rs 9 | Rs 717 | 1.27% |
| 06-02-2025 | Rs 19 | Rs 727 | 2.68% |
*Data is updated as of 10th February 2025.
As of now, on 10th February 2025, Hexaware Technologies IPO GMP stands at Rs 5 per share, which means the share will likely be listed at Rs 713 (708+5) on its tentative listing date, 19th February 2025.
Hexaware Technologies IPO Review
Look at the detailed review of Hexaware Technologies IPO for a deep and pervasive understanding of its potential to report listing gains on 17th February 2025. The IPO review provided below will also help you invest impeccably so as to avoid significant losses. Explore more to make informed investment decisions.
Financial Health
The financial performance of a company could showcase its ability to sustain its competitive edge. Thus, it is essential to know the financial growth and declines of the business before applying for any IPO.
The revenue of Hexaware Technologies Limited stood at Rs 7,763.10 crore, which increased by 33.82% to Rs 10,389.10 crore. On the other hand, the PAT of the company was raised by 23.95% from Rs 804.80 crore to Rs 997.60 crore.
Hexaware Technologies Limited has shown consistent growth in its net worth, which indicates that the company is financially stable and in a growing phase. Thus, brokers, experts, RAs, and investors have a positive outlook for Hexaware Technologies IPO on its tentative listing day, which is 19th February 2025.
Technical Analysis
A number of technical parameters are available to assess the potential of a stock to deliver returns. To analyse the technicals of Hexaware Technologies IPO, use the indicators tabulated below.
| Key Indicators | Value |
| PE Ratio (Price-to-Earnings) | 41.00 |
| PB Ratio (Price-to-Book) | 10.15 |
| EPS (Earnings Per Share) | 16.41 |
| RoNW | 23.60% |
| PAT Margin (Profit After Tax) | 9.60 |
| Market Capitalisation | Rs 43,247.19 crore |
*Data is updated as of 10th February 2025.
The PE ratio of Hexaware Technologies Limited shares is 41.00, and its Earnings Per Share stands at 16.41. It indicates that the Hexaware Technologies IPO has effective potential to deliver short-term and long-term returns.
Hexaware Technologies Limited Peer Comparison
| Company Name | Revenue (in cr.) | PE Ratio | Face Value (in Rs) | EPS (in Rs) | RoNW (in %) | Dividend Yield | NAV (in Rs) |
| Hexaware Technologies Limited | 8,871.30 | 41.00 | 1 | 16.41 | 23.60% | – | 69.77 |
| Coforge Limited | 3,060.58 | 73.60 | 10 | 115.83 | 6.36% | 0.82% | 894.03 |
| LTIMindtree Limited | 9,730.14 | 38.59 | 1 | 154.25 | 5.31% | 1.09% | 711.30 |
| Mphasis Limited | 3,595.20 | 33.05 | 10 | 86.81 | 5.30% | 1.91% | 456.47 |
| Persistent Systems Limited | 2,900.80 | 73.87 | 5 | 84.68 | 5.60% | 0.41% | 357.03 |
*Data is updated as of 10th February 2025.
Note: The data as mentioned above is taken from authentic sources and highlights pre-issue information. PE ratio and EPS of Hexaware Technologies Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.
| Indicators | Pre-IPO | Post-IPO |
| PE Ratio | 41.00 | Not Available |
| EPS | 16.41 | Not Available |
*Data is updated as of 10th February 2025.
Hexaware Technologies IPO Subscription Status
Hexaware Technologies IPO is set to open for bidding on 12th February 2025. The subscription status for this IPO is yet to be announced. Stay informed with this blog to check the live subscription status of the Hexaware Technologies IPO.
| Investor Category | Shares Offered | Shares Subscribed | Subscription in Times |
| Retail Investors | Yet to be announced | Yet to be announced | Yet to be announced |
| QIB | Yet to be announced | Yet to be announced | Yet to be announced |
| NII (sNII+bNII) | Yet to be announced | Yet to be announced | Yet to be announced |
| Market Maker | Yet to be announced | Yet to be announced | Yet to be announced |
| Total | Yet to be announced | Yet to be announced | Yet to be announced |
*Data is updated as of 10th February 2025.
About Hexaware Technologies Limited
Hexaware Technologies Limited was incorporated in 1992 and is currently engaged in providing AI-based solutions to adapt customers and bring innovation. Major offshore delivery centres of Hexaware Technologies Limited are located in different regions like Pune, Bangalore, Noida, Chennai, and more.
Besides this, the company has an effective delivery presence with 39 centres and 16 offices across different areas like America, Europe, and APAC. Hexaware Technologies Limited has officially announced an IPO of 12,35,87,570 shares to raise Rs 8,750.00 crore.
Hexaware Technologies Limited Financials
Before applying for Hexaware Technologies IPO, the company’s financial analysis is essential. Look at the table to learn about Hexaware Technologies Limited’s financials.
| Year Ended | 30th September 2024 (in cr.) | 31st Dec 2023 (in cr.) | 30th Sep 2023 (in cr.) | 31st Dec 2022 (in cr.) | 31st Dec 2021 (in cr.) |
| Assets | 8,594.20 | 7,202.10 | 7,021.20 | 6,514.00 | 5,673.50 |
| Revenue | 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 |
| Reserves and Surplus | 4,816.70 | 4,171.60 | 4,234.70 | 3,719.10 | 3,444.80 |
| Debt | – | – | – | 82.70 | – |
| Net Worth | 4,876.00 | 4,230.90 | 4,294.00 | 3,778.10 | 3,503.70 |
*Data is updated as of 10th February 2025.
Explanation
Hexaware Technologies Limited has shown a growth of 33.82% in its revenue, estimated at Rs 7,763.10 crore in September 2023 and Rs 10,389.10 crore in December 2023. Moreover, the PAT of the company was raised by 23.95% from Rs 804.80 crore to Rs 997.60 crore.
Hexaware Technologies IPO Bidding Requirements
Hexaware Technologies IPO has reserved lot sizes to apply in the case of different investor categories. Look at the table below to know about the requirements to be fulfilled for applying for this IPO.
| Investor Category | Lots | Shares | Amount (in Rs) |
| Retail (Minimum) | 1 | 21 shares | Rs 14,868 |
| Retail (Maximum) | 13 | 273 shares | Rs 1,93,284 |
| S-HNIs (Minimum) | 14 | 294 shares | Rs 2,08,152 |
| S-HNI (Maximum) | 67 | 1,407 shares | Rs 9,96,156 |
| B-HNI (Minimum) | 68 | 1,428 shares | Rs 10,11,024 |
Aim of Hexaware Technologies IPO
The primary aim of Hexaware Technologies IPO is to raise Rs 8,750.00 crores. On the other hand, the company will not receive any proceeds from this issue. Shareholders will receive the whole amount against their proportion of proceeds.
Should I Invest in Hexaware Technologies IPO?
“Hexaware Technologies Limited is the leading AI-enabled digital solutions provider. The issue appears fully priced on the basis of recent financial performance.” ~ Dilip Davda (Chief Editor at Chittorgarh)
If you want to know whether you should apply for Hexaware Technologies IPO, you can explore its pros and cons below.
Pros of Hexaware Technologies IPO
- Consistent increase in equity.
- Increase in total assets.
Cons of Hexaware Technologies IPO
- Reduction in EPS.
- Decline in PAT from December 2022 to June 2024.
How to Apply for Hexaware Technologies IPO?
Image 4: Apply for Hexaware Technologies IPO
Follow the steps below to apply for Hexaware Technologies IPO.
- Step 1: Conduct thorough research on Hexaware Technologies IPO GMP, subscription status, issue size, lot size, and more.
- Step 2: Open a demat account on Univest to know about the real-time insights. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Place a bid for one lot of 21 shares worth Rs 14,868 of Hexaware Technologies IPO.
- Step 4: Once you have made a bid, you will receive a mandate request. Approve the request to proceed further.
How to Check Hexaware Technologies IPO Allotment Status?
You can check for Hexaware Technologies IPO allotment in different ways. These include BSE and the registrar portal. Look at the below steps to learn about your allotment status.
Check On BSE
- Visit the BSE official website.
- Select Equity as the issue type.
- Choose Hexaware Technologies IPO.
- Choose whether to proceed with the PAN number or application number.
- Submit your information to check the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your Hexaware Technologies IPO allotment status.
Let’s Wrap
Hexaware Technologies IPO is the book-built issue of 12,35,87,570 shares worth Rs 8,750.00 crores. The shares of Hexaware Technologies Limited will be listed on BSE and NSE on its tentative listing date of 19th February 2025. Researching Hexaware Technologies IPO GMP and reviews are highly recommended to book your ideal listing gains.
Open a demat account on Univest now to initiate your investment journey. Explore the Univest terms and conditions by clicking on the link.
FAQs on Hexaware Technologies IPO
1. How is Hexaware Technologies IPO?
Ans. Currently, on 10th February 2025, Hexaware Technologies IPO GMP (Grey Market Premium) stands at Rs 5 (0.71 % up). It indicates that the estimated listing price could be Rs 713 per share. It is an offer for sale of 12,35,87,570 shares worth Rs 8,750.00 crore. The IPO price band is fixed at Rs 674 to Rs 708 per share, and the face value of each share is Rs 1.
2. What is Hexaware Technologies IPO price?
Ans. Hexaware Technologies IPO price band has been set between Rs 674 and Rs 708 per share. Retail investors can apply for a minimum and maximum of 1 lot consisting of 21 shares worth Rs 14,868. Moreover, NIIs are required to bid for a minimum of 14 lots (294 shares) worth Rs 2,08,152.
3. Is Hexaware Technologies IPO good?
Ans. During FY2023-24, the revenue of Hexaware Technologies Limited was increased by 33.82% to reach Rs 10,389.10 crore. On the other hand, the PAT of the company was raised by 23.95% from Rs 804.80 crore to Rs 997.60 crore. Hexaware Technologies IPO has gained a positive rating from industry experts, brokers and institutional investors.
4. Who is the registrar of Hexaware Technologies IPO?
Ans. Kfin Technologies Limited is the registrar of Hexaware Technologies IPO, awaiting to manage the IPO allotment procedure and refund initiation. For any query regarding Hexaware Technologies IPO allotment and refund, you can contact Kfin Technologies Limited at reachus@kfintech.com or 04067162222 / 04079611000.
5. What is the issue size of Hexaware Technologies IPO?
Ans. Hexaware Technologies IPO is the book-built issue for 12,35,87,570 shares worth Rs 8,750.00 crore. It is an offer for sale set to open on 12th February 2025 and will be closed on 14th February 2025.
Disclaimer: The above information is accumulated from authentic sources and is just for informational purposes. To have detailed information about Hexaware Technologies IPO, download the Hexaware Technologies IPO RHP and Hexaware Technologies IPO DRHP. Conduct your own research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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