Hexaware Technologies Limited
CLOSEDIPO Date: 12 Feb - 14 Feb 2025
Listing Date: 19 Feb 2025
Price Range
₹674 – ₹708
Issue Size
8750 Cr
Min Investment
₹14,154
Lot Size
21 Shares
Schedule of Hexaware Technologies Limited
Issue open date
12 Feb 2025
Issue close date
14 Feb 2025
UPI mandate deadline
14 Feb 2025 (5 PM)
Allotment finalization
17 Feb 2025
Share credit
18 Feb 2025
Listing date
19 Feb 2025
Mandate end date
1 Mar 2025
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 8750 Cr |
| Fresh Issue | 0 Cr |
| Offer for Sale | 8750 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 17 Feb 2025 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 13 Feb 2025 | ₹708 | ₹2 | ₹710 (0.28%) |
| 12 Feb 2025 | ₹708 | ₹2 | ₹710 (0.28%) |
| 11 Feb 2025 | ₹708 | ₹3 | ₹711 (0.49%) |
| 10 Feb 2025 | ₹708 | ₹5 | ₹713 (0.71%) |
| 9 Feb 2025 | ₹708 | ₹8 | ₹716 (1.13%) |
| 8 Feb 2025 | ₹708 | ₹11 | ₹719 (1.55%) |
| 7 Feb 2025 | ₹708 | ₹9 | ₹717 (1.27%) |
Performance Hexaware Technologies Limited
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹674 – ₹708 | .... | .... | .... |
About Hexaware Technologies Limited
Hexaware Technologies Limited, established in 1992, provides digital and technology services with a focus on artificial intelligence (AI). The company offers services across industries including financial services, healthcare, manufacturing, banking, and travel, leveraging AI-powered platforms like RapidX, Tensai, and Amaze. The company operates globally with delivery centres in India, Sri Lanka, and other regions. The company serves a range of customers, including 31 Fortune 500 companies. Its business model focuses on AI-driven solutions for digital transformation, cloud adoption, and process automation.
| Founded in | 1992 |
| Managing director | |
| Parent organization | Hexaware Technologies Ltd |
Financial Overview
Strengths
- The company serves six industries with tailored solutions leveraging deep domain expertise.
- It has consistently grown revenue, with four segments contributing over US$200 million in FY 2023.
- Services include AI-powered platforms for digital transformation, automation, and cloud adoption.
- The company holds 20 patents and 119 trademarks, with 45 patents pending.
- Strong relationships with 31 Fortune 500 companies.
- Operates 39 global delivery centres and 16 offices with a workforce of 32,500+ employees.
Risks
- Dependent on revenue from Americas and Europe, exposing the company to economic changes in these regions.
- Difficulty in attracting and retaining skilled professionals may impact growth and profitability.
- Reduction in outsourcing budgets or IT spending may reduce demand for services.
- No proceeds from the Offer will be received by the company, as all proceeds go to the Promoter Selling Shareholder.
- Vulnerability to cyber-attacks and hacking, risking system damage and exposure of sensitive information.
- Anti-outsourcing legislation could hinder the company’s ability to compete and service customers.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | N/A |
| Retail Individual Investors (RIIs) | N/A |
| Employee | N/A |
| Total | N/A |