HEXAWARE TECHNOLOGIES LIMITED
₹ 674 - ₹ 708
12-Feb-2025 - 14-Feb-2025
₹ 14868.00

/ 21 Shares

HEXAWARE TECHNOLOGIES LIMITED

12-Feb-2025 - 14-Feb-2025

₹ 674 - ₹ 708

Price Band

₹ 14868.00

Minimum Investment

21

Bid Lot

123,720,440

Shares

  • Face Value - ₹ 1/- Per Share

  • Listing at NSE BSE

  • 2,038,606 Application Required in Retail for 1 Time.

  • Registrar : KFin Technologies Limited

IPO Details

Offer for Sale of Equity Shares aggregating to RS.8,750 Cr

Category % Shares/Amount
QIB 50% 61,158,192 Shares RS.4330.00 CR
HNI 1 5% 6,115,819 Shares RS.433.00 CR @ 20802 FORM 1X
HNI 2 10% 12,231,639 Shares RS.866.00 CR @ 41604 FORM 1X
Retail 35% 42,810,735 Shares RS.3031.00 CR @ 2038606 FORM 1X
Employee 0% 1,404,055 Shares RS.90.00 CR

BRLMs: Kotak Mahindra Capital, Citigroup Global Markets India, J.P. Morgan India, HSBC Securities and Capital Markets (India), IIFL Securities Registrar: KFin Technologies

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
2038606 FORM 1X 20802 FORM 1X 41604 FORM 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 21 ₹ 14,868
Retail (Upto 2 Lakh) 13 273 ₹ 193,284
S-HNI (2 Lakh to 10 Lakh) 14 294 ₹ 208,152
S-HNI (2 Lakh to 10 Lakh) 67 1407 ₹ 996,156
B-HNI (Above 10 Lakh) 68 1428 ₹ 1,011,024

IPO Timeline

  • Open Date

    12-Feb-2025

  • Close Date

    14-Feb-2025

  • Basis of Allotment Date

    17-Feb-2025

  • Initiation of Refunds

    18-Feb-2025

  • Credit Shares to Demat A/c

    18-Feb-2025

  • IPO Listing Date

    19-Feb-2025

Subscription as on
14-Feb-2025 17:39

Category Book Size Subscription No. of Times
QIB 24,463,277 ₹ 1732.00 Cr. 233,661,582 ₹ 16543.24 Cr. 9.55x
HNI (<10 LAKH) 6,115,819 ₹ 433.00 Cr. 990,108 ₹ 70.10 Cr. 0.16x
HNI2 (>10 LAKH) 12,231,639 ₹ 866.00 Cr. 2,958,816 ₹ 209.48 Cr. 0.24x
RETAIL 42,810,735 ₹ 3031.00 Cr. 4,763,136 ₹ 337.23 Cr. 0.11x
EMP 1,404,055 ₹ 99.41 Cr. 470,253 ₹ 33.29 Cr. 0.33x
Total 87,025,525 242,843,895 2.79x
Category Book Size Subscription No. of Times
QIB 24,463,277 ₹ 1732.00 Cr. 233,661,582 ₹ 16543.24 Cr. 9.55x
HNI (<10 LAKH) 6,115,819 ₹ 433.00 Cr. 990,108 ₹ 70.10 Cr. 0.16x
HNI2 (>10 LAKH) 12,231,639 ₹ 866.00 Cr. 2,958,816 ₹ 209.48 Cr. 0.24x
RETAIL 42,810,735 ₹ 3031.00 Cr. 4,763,136 ₹ 337.23 Cr. 0.11x
EMP 1,404,055 ₹ 99.41 Cr. 470,253 ₹ 33.29 Cr. 0.33x
Total 87,025,525 242,843,895 2.79x

*Excluding Anchor

Total No. of Application Approx : ~154843 (0.08 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • The Company was incorporated as ‘Aptech Information Systems Limited’, a public limited company, on November 20, 1992. The Company's Equity Shares were listed on BSE and NSE in 1997. The name was changed to ‘Hexaware Technologies Limited’ on April 2, 2002. The equity shares of the company were voluntarily delisted in November 2020.
  • Hexaware Technologies is a global digital and technology services company with artificial intelligence (“AI”) at its core. The company leverages technology to deliver innovative solutions that help customers in their digital transformation journey and subsequent operations.
  • The company has 6 operating segments based on the industries it serves: Financial Services, Healthcare and Insurance, Manufacturing and Consumer, Hi-Tech and Professional Services, Banking, and Travel and Transportation.
  • The company’s offerings encompass 5 broad services: Design & Build, Secure & Run, Data & AI, Optimize, and Cloud Services, which form the foundation for its offerings.
  • Hexaware Technologies has a diverse range of customers, including 31 of the Fortune 500 organizations. The company has a global delivery presence comprising 39 delivery centers supported by 16 offices spread across the Americas, Europe and APAC as of September 30, 2024.
  • The company has 20 patents granted and 119 trademarks registered in various countries, 2 copyrights registered in India, and 49 domain names registered worldwide. Further, the company has filed applications for 45 patents and 23 trademarks, comprising 6 product marks and 14 service marks, in various countries.
  • Hexaware Technologies was the fastest-growing technology services company headquartered in India, with over US$1,000 million in revenue from operations in each of the financial years 2023 and 2022.
  • Hexaware Technologies has a diversified customer base, with 25.8% of its revenues from operations contributed by the top 5 customers and 35.7% by the top 10 customers for the period ended September 30, 2024. No customer contributed over 10% of its revenue from operations in the 9 months ended September 30, 2024, and 2023 and the Financial Years 2023, 2022 and 2021.
  • The company’s revenues from operation grew at a CAGR of 13.7% (in USD terms) to ? 10,380.30 Cr (US$1,256.4 mn) in the Financial Year from ? 71,77.70 Cr (US$971.2 mn) in the Financial Year 2021.
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Strengths

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

Business Strategies 

  • Continuously improve the offerings and platforms
  • Deepen and expand relationships with existing customers
  • Acquire new customers with a focus on large customers to tap high value opportunities
  • Strategically expand into untapped geographies and industries
  • Create and develop advanced talent and optimize cost of delivery
  • Focus on operational improvement

  • Strategic M&A aimed at new capabilities and expanded geographic footprint

Company Promoters

Company Financials

Hexaware Technologies Limited Financial Information (Restated Consolidated)

Period Ended 30 Sep 2024 31 Dec 2023 30 Sep 2023 31 Dec 2022 31 Dec 2021
Assets 8,594.2 7,202.1 7,021.2 6,514 5,673.5
Revenue 8,871.3 10,389.1 7,763.1 9,378.8 7,244.6
Profit After Tax 853.3 997.6 804.8 884.2 748.8
Net Worth 4,876 4,230.9 4,294 3,778.1 3,503.7
Reserves and Surplus 4,816.7 4,171.6 4,234.7 3,719.1 3,444.8
Total Borrowing       82.7  
Amount in ? Crore

Objects of the Issue

The Company will not receive any proceeds from the Offer for Sale

How to Apply

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  • Step 02 :

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  • Step 03 :

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  • Step 04 :

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  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

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  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
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