Hexaware Technologies IPO: Key Dates, Price, and Investment Guide
Hexaware Technologies, a leading global provider of digital and AI-driven IT services, is launching its ₹87,500 million Initial Public Offering (IPO) from February 12 to February 14, 2025. With a strong presence in cloud solutions, automation, and AI-powered platforms, Hexaware is well-positioned to capitalise on the growing demand for digital transformation services.
Here are the 10 key things you should know before investing in the Hexaware Technologies IPO:
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What makes Hexaware Technologies a good opportunity?
Hexaware Technologies specialises in AI-powered automation, cloud transformation, and IT operations optimisation. The company serves industries like financial services, healthcare, manufacturing, and travel, helping enterprises improve efficiency and reduce costs.
With 73.4% of its revenue from the Americas and 20.5% from Europe, Hexaware has a diversified client base that ensures stable revenue streams. It operates 39 delivery centres worldwide, including expansion into Tier-2 Indian cities like Ahmedabad.
The company’s proprietary platforms, RapidX (digital transformation), Tensai (automation), and Amaze (cloud adoption), position it as a strong player in the global IT services market.
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What are the IPO dates, price band, and issue size?
Here are the key details of the IPO:
- IPO dates: February 12 – February 14, 2025
- Listing date: February 19, 2025
- Price band: ₹674 – ₹708 per share
- Total issue size: ₹87,500 Cr
- Face value: ₹1 per share
- Listing Exchange: BSE, NSE
- Lot Size: 21 Shares
- Promoter: CA Magnum Holdings
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What is the minimum investment for the IPO?
The minimum investment required to apply for the Hexaware Technologies IPO is ₹14,154, based on the lot size of 21 shares at the lower price band of ₹674 per share. However, to increase your chances of allotment, we recommend applying at the upper price band, which would require ₹14,868 (21 shares at ₹708 per share).
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What does the company do?
Founded in 1992, Hexaware Technologies provides digital and AI-driven services across industries, focusing on:
- Cloud transformation and cloud integration
- IT operations optimization and automation
- AI-powered business processes using Generative AI
- Digital transformation solutions for enterprises
Hexaware’s clients include leading global companies across financial services, healthcare, manufacturing, and travel industries.
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What is the objective of the IPO?
The IPO is entirely an Offer for Sale (OFS), meaning the company will not receive any proceeds from the issue. The objective is to:
- Allow the promoter (CA Magnum Holdings) to partially exit its stake
- Enhance Hexaware’s brand visibility through stock exchange listing
- Provide liquidity for existing shareholders
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How much is reserved for retail and other investors?
The IPO allocation is as follows:
- Qualified Institutional Buyers (QIBs): Up to 50%
- Non-Institutional Investors (NIIs): At least 15%
- Retail Investors: At least 35%
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What are the key strengths and risks?
Strengths:
- Strong focus on AI and cloud technologies, helping clients enhance efficiency and reduce costs
- Diversified global presence, reducing dependency on any single market
- Robust data security framework, with ISO 27001 and ISO 22301 certifications
- Experienced management team, ensuring strategic growth and stability
Risks:
- High dependency on key clients—any reduction in their IT spending could impact revenue
- Currency fluctuations and economic downturns may affect profitability
- Intense competition from larger IT service providers, creating pricing pressures
- Evolving data privacy laws and cyber threats pose potential business risks
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What is the financial performance of Hexaware Technologies?
Hexaware has shown strong financial growth over the years:
| Period Ended | 30 Sep 2024 | 31 Dec 2023 | 31 Dec 2022 |
| Assets (₹ Cr) | 85,942 | 72,021 | 65,140 |
| Revenue (₹ Cr) | 88,713 | 103,891 | 93,788 |
| Profit After Tax (₹ Cr) | 8,533 | 9,976 | 8,842 |
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What is the allotment and listing timeline?
- Basis of allotment: February 17, 2025
- Refund initiation: February 18, 2025
- Shares credited to demat accounts: February 18, 2025
- Listing date: February 19, 2025
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Should you invest in Hexaware Technologies IPO?
Hexaware Technologies presents a strong investment opportunity with its AI-driven solutions, global presence, and robust financials. However, risks such as dependence on key markets, economic downturns, and evolving cybersecurity threats should be considered before investing.
Evaluate your investment goals and risk appetite before making a decision on this IPO.
