Hexaware Technologies
Listed
Listed
IPO Timeline
Issue open date
12 Feb 2025Issue close date
14 Feb 2025UPI mandate deadline
14 Feb 2025Allotment finalization
17 Feb 2025Refund initiation
18 Feb 2025Share credit
18 Feb 2025Listing date
19 Feb 2025Mandate end date
1 Mar 2025Lock-in end date for anchor investors (50%)
19 Mar 2025Lock-in end date for anchor investors (remaining)
18 May 2025Key Dates
Open
12 Feb 2025Close
14 Feb 2025Listing
19 Feb 2025Quick Stats
Issue Size:8750cr
Lot Size:21 shares
About the Company
Hexaware Technologies, 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.
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.
Hexaware Technologies IPO – Frequently Asked Questions
- The price band for the Hexaware Technologies IPO is set at ₹674 to ₹708 per share.
- The Hexaware Technologies IPO opens on February 12, 2025 and closes on February 14, 2025.
- The tentative listing date for the Hexaware Technologies IPO is February 19, 2025.
- You can apply for the Hexaware Technologies IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Hexaware Technologies, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Hexaware Technologies IPO is 21 shares. Investors must apply for at least one lot (i.e., 21 shares).