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Hexaware Technologies IPO
Price Band
₹674.0–708.0
Issue Size
₹8750.0 Cr
Lot Size
21 shares
Min Investment
₹14,868
GMP
—
Issue Price
₹708.0
Hexaware Technologies IPO AI Summary
- Hexaware Technologies IPO is listed on BSE, NSE.
- Price band: ₹674.0–₹708.0 per share, lot size 21 shares (min. investment ₹14,868).
- Subscription window: 12 Feb–14 Feb 2025, listing on 19 Feb 2025.
Hexaware Technologies Limited is set to raise ₹8,750 Cr through its IPO, with a focus on expanding its digital and technology services. The company has shown revenue and profit fluctuations in recent periods, and its valuation suggests a competitive position within its peer group.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Hexaware Technologies IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 14 Feb 2025 — not a current signal.
7 of 9 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Hexaware Technologies IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated in 1992, Hexaware Technologies Limited is engaged in the business of global digital and technology services with artificial intelligence. The company uses technology to offer innovative solutions, integrating AI to help customers adapt, innovate, and improve in the AI-driven world. The company has major offshore delivery centers in India (Chennai, Pune, Bengaluru, Noida, etc.) and Sri Lanka. It plans expansion into Tier 2 cities and aims to open new centers in Ahmedabad. As of September 30, 2024, the company has a global delivery presence with 39 centers and 16 offices across the Americas, Europe, and APAC. Business Segment: The company provides services in its operating segments across six industries Financial Services, Healthcare & and; Insurance, Manufacturing & and; Consumer, Hi-Tech & and; Professional Services, Banking, and Travel & and Transportation. Platforms: The company offers services through AI-powered platforms like RapidX™ for digital transformation, Tensai® for automation, and Amaze® for cloud adoption, serving customers globally across multiple regions. Services: Design & Build: The company helps customers drive digital transformation by integrating technologies across products and services, focusing on new product launches, software development, and enhancing ERP systems to improve time to market and productivity. Secure & Run: The company secures, manages, and optimizes IT operations across applications, middleware, data, devices, and hybrid infrastructure for customers. Data & AI: The company creates robust data foundations for customers, enabling sustainable data value creation. Using AI and ML technologies, it transforms data into actionable insights, enhancing agility and trust in business decisions. Optimize: The company’s Gen AI-powered business process services enable personalized interactions, automation, analytics, and talent management across various industries. Cloud Services: The company’s Cloud Services serve as the foundation, leveraging cloud capabilities across all service lines for enhanced offerings. As of September 30, 2024, the company has 32,536 employees, of which 30,171 are full-time employees and 2,365 are contracted employees. Competitive Strength: 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 Experienced and tenured leadership driving a people-first and thriving organizational culture Track record of growth and cash generation
Company Financials (₹ Cr)
As of 2024-09-30
| Period Ended | 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 |
Key Ratios
NAV
₹69.77
RoNW
23.6%
P/B Value
10.15
Market Cap
₹43024.78 Cr
PAT Margin
9.60%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Mphasis Ltd. | 465.33 | 17.7% | 34 | 82.42 | 81.83 |
| LTIMindtree Limited | 676.55 | 22.9% | 38 | 154.85 | 154.48 |
| Coforge Limited | 586.63 | 23% | 64 | 131.56 | 129.59 |
| Persistent Systems Ltd. | 321.82 | 22.1% | 84 | 72.44 | 71.07 |
| Hexaware Technologies Limited This IPO | 69.77 | 23.6% | — | 16.45 | 16.41 |
Promoters
CA Magnum Holdings
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹7,763.10 Cr in the period ending 30 Sep 2023, rising to ₹10,389.10 Cr by 31 Dec 2023, before decreasing to ₹8,871.30 Cr by 30 Sep 2024. This indicates a fluctuation in revenue over the periods.
Profit Trend
Profit After Tax was ₹804.80 Cr in the period ending 30 Sep 2023, increasing to ₹997.60 Cr by 31 Dec 2023, then falling to ₹853.30 Cr by 30 Sep 2024. This shows a rise in profit followed by a decline in the most recent period.
Valuation
At the issue price of ₹708.0, Hexaware Technologies has an implied P/E ratio based on its earnings of ₹16.45, which translates to roughly 43.1 times trailing earnings. This is compared to peers trading at a P/E range of 34 to 84.
Grey Market Premium, Explained
The grey market refers to unofficial trading of shares before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price compared to the IPO price, reflecting market sentiment.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their risk tolerance and investment strategy. It's important to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors with a low risk tolerance or those seeking guaranteed returns may want to avoid IPOs, as they can be volatile and subject to market fluctuations.
IPO Timeline, Explained
The IPO process involves several key dates: the opening date for subscription is 12 February 2025, closing on 14 February 2025. Allotment of shares will be on 17 February 2025, with shares expected to list on the stock exchange on 19 February 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit made when shares are sold on the listing day at a price higher than the IPO price. However, these gains are not guaranteed, and market conditions can lead to losses instead.
This evaluation is generated from Hexaware Technologies's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Hexaware Technologies IPO?
The price band of Hexaware Technologies IPO is ₹674.0–₹708.0 per share.
When does Hexaware Technologies IPO open and close?
Hexaware Technologies IPO opens on 12 February 2025 and closes on 14 February 2025.
When does Hexaware Technologies IPO list on the stock exchange?
Hexaware Technologies IPO listed on 19 February 2025 at ₹708.0.
What is the lot size for Hexaware Technologies IPO?
The lot size for Hexaware Technologies IPO is 21 shares, requiring a minimum investment of ₹14,868.
What is the price band for the IPO?
The price band for the IPO is ₹674.0 to ₹708.0.
What is the minimum investment required?
The minimum investment required is ₹14,868.0.
What is the lot size for the IPO?
The lot size for the IPO is 21 shares.
When is the listing date?
The listing date is expected to be on 19 February 2025.
What does GMP mean?
GMP stands for Grey Market Premium, indicating the expected listing price of the shares in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
12 Feb 2025
Close
14 Feb 2025
Allotment
17 Feb 2025
Listing
19 Feb 2025
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