Bookbuilding IPO | ₹8,750 Cr | Listed at BSE, NSE | Wed, Feb 12, 2025 - Fri, Feb 14, 2025
Hexaware Technologies IPO is a book build issue of ₹8,750.00 crores. The issue is entirely an offer for sale of 12.36 crore shares of ₹8,750.00 crore.
Hexaware Technologies IPO bidding started from Feb 12, 2025 and ended on Feb 14, 2025. The allotment for Hexaware Technologies IPO was finalized on Feb 17, 2025. The shares got listed on BSE, NSE on Feb 19, 2025.
Hexaware Technologies IPO price band is set at ₹708 per share. The lot size for an application is 21. The minimum amount of investment required by an retail is ₹14,868 (21 shares) (based on upper price). The lot size investment for sNII is 14 lots (294 shares), amounting to ₹2,08,152, and for bNII, it is 68 lots (1,428 shares), amounting to ₹10,11,024.
The issue includes a reservation of up to 14,04,056 shares for employees offered at a discount of ₹67.00 to the issue price.
Kotak Mahindra Capital Co.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Hexaware Technologies IPO RHP for detailed Information.
IPO Open
Wed, Feb 12, 2025
IPO Close
Fri, Feb 14, 2025
Issue Price
₹708 per share
Market Cap (Pre-IPO)
₹43,024.78 Cr
| IPO Date | 12 to 14 Feb, 2025 |
| Listed on | Wed, Feb 19, 2025 |
| Face Value | ₹1 per share |
| Price Band | ₹674 to ₹708 |
| Issue Price | ₹708 per share |
| Lot Size | 21 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹67.00 |
| Total Issue Size | 12,36,15,318 shares (agg. up to ₹8,750 Cr) |
| Offer for Sale | 12,36,15,318 shares of ₹1 (agg. up to ₹8,750 Cr) |
| Share Holding Pre Issue | 60,76,94,668 shares |
| Share Holding Post Issue | 60,76,94,668 shares |
| BSE Script Code / NSE Symbol | 544362 / HEXT |
| ISIN | INE093A01041 |
Hexaware Technologies IPO offers total 12,37,20,440 shares. Out of which 6,11,58,191 (49.43%) allocated to QIB, 2,44,63,277 (19.77%) allocated to QIB (Ex- Anchor), 1,83,47,458 (14.83%) allocated to NII 4,28,10,735 (34.60%) allocated to RII and 3,66,94,914 (29.66%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 6,11,58,191 (49.43%) | NA |
| − Anchor Investor Shares Offered | 3,66,94,914 (29.66%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 2,44,63,277 (19.77%) | NA |
| NII (HNI) Shares Offered | 1,83,47,458 (14.83%) | NA |
| − bNII > ₹10L | 1,22,31,639 (9.89%) | 41,604 |
| − sNII < ₹10L | 61,15,819 (4.94%) | 20,802 |
| Retail Shares Offered | 4,28,10,735 (34.60%) | 20,38,606 |
| Employee Shares Offered | 14,04,056 (1.13%) | NA |
| Total Shares Offered | 12,37,20,440 (100.00%) |
Investors can bid for a minimum of 21 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 21 | ₹14,868 |
| Retail (Max) | 13 | 273 | ₹1,93,284 |
| S-HNI (Min) | 14 | 294 | ₹2,08,152 |
| S-HNI (Max) | 67 | 1,407 | ₹9,96,156 |
| B-HNI (Min) | 68 | 1,428 | ₹10,11,024 |
Hexaware Technologies IPO raises ₹2,598.00 crore from anchor investors. Hexaware Technologies IPO Anchor bid date is February 11, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Feb 11, 2025 |
| Shares Offered | 3,66,94,914 |
| Anchor Portion (₹ Cr.) | 2,598.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Tue, Mar 18, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sat, May 17, 2025 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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:
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:
| 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 | ||||
| Amount in ₹ Crore | |||||
| KPI | Dec 31, 2023 |
|---|---|
| RoNW | 23.6% |
| PAT Margin | 9.60% |
| Price to Book Value | 10.15 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 95.03% | 74.7% |
| Market Cap | ₹43,024.78 Cr. |
The Hexaware Technologies IPO is subscribed 2.79 times on February 14, 2025 5:42:47 PM (Day 3). The public issue subscribed 0.11 times in the retail category, 9.55 times in the QIB category, and 0.21 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 9.55 | 2,44,63,278 | 23,36,61,582 |
| NII | 0.21 | 1,83,47,458 | 39,48,924 |
| bNII (bids above ₹10L) | 0.24 | 1,22,31,638 | 29,58,816 |
| sNII (bids below ₹10L) | 0.16 | 61,15,819 | 9,90,108 |
| Retail | 0.11 | 4,28,10,734 | 47,64,102 |
| Employee | 0.33 | 14,04,056 | 4,70,358 |
| Total | 2.79 | 8,70,25,526 | 24,28,44,966 |
Total Application : 1,60,193
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs’ fees and commissions (including underwriting commission) | 214.70 |
| 2 | Fees payable to the Registrar to the Offer | 0.10 |
| 3 | Brokerage, selling commission, bidding charges, processing fees and bidding charges for the Members of the Syndicate, Registered Brokers, SCSBs, RTAs and CDPs | 17.70 |
| 4 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees | 15.90 |
| 5 | Other regulatory expenses | 19.10 |
| 6 | Fees payable to legal counsels, statutory auditors, independent chartered accountants, practicing company secretary, intellectual property consultants, industry service provider and others | 35.00 |
| 7 | Advertising and marketing expenses | 14.70 |
| 8 | Printing and distribution of issue stationery | 4.10 |
| 9 | Miscellaneous | 28.20 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹708.00 | ₹708.00 |
| Open | ₹731.00 | ₹745.50 |
| Low | ₹724.40 | ₹708.00 |
| High | ₹787.80 | ₹788.00 |
| Last Trade | ₹763.85 | ₹762.55 |
Lead Manager Reports
Hexaware Technologies IPO is a main-board IPO of 12,36,15,318 equity shares of the face value of ₹1 aggregating up to ₹8,750 Crores. The issue is priced at ₹708 per share. The minimum order quantity is 21.
The IPO opens on Wed, Feb 12, 2025, and closes on Fri, Feb 14, 2025.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Hexaware Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Hexaware Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Hexaware Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Hexaware Technologies IPO opens on Wed, Feb 12, 2025 and closes on Fri, Feb 14, 2025.
Hexaware Technologies IPO lot size is 21, and the minimum amount required for application is ₹14,868.
You can apply in Hexaware Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Hexaware Technologies IPO will be done on Monday, February 17, 2025, and the allotted shares will be credited to your demat account by Tue, Feb 18, 2025. Check the Hexaware Technologies IPO allotment status.
The Hexaware Technologies IPO listing date is on Wed, Feb 19, 2025.
