Hexaware Technologies IPO Set to Open on February 12, 2025: Key Things to Know

Hexaware Technologies’ ₹8,750 crore initial public offering (IPO) is to open for subscription from February 12 to February 14. The company has set a price band of ₹674 to ₹708 per share. The issue is entirely an offer-for-sale (OFS) of 12.36 crore shares by CA Magnum Holdings, a subsidiary of Carlyle Group Inc. 

Since this is a pure OFS, Hexaware Technologies itself will not receive any proceeds, everything will go to the selling shareholder.

IPO Timeline

Investor Participation and Lot Size

Investors can bid for a minimum of one lot (21 shares), requiring an investment of ₹14,868. The allocation breakdown is as follows:

• 50% of the net offer is reserved for Qualified Institutional Buyers (QIBs)
• 35% for Retail Individual Investors (RIIs)
• 15% for Non-Institutional Investors (NIIs)

For small non-institutional investors (sNII), the minimum investment is ₹2,08,152 (14 lots), while large non-institutional investors (bNII) can apply for at least 68 lots, which amounts to ₹10,11,024.

Financial Performance

In FY24, Hexaware Technologies reported a 12.8% increase in net profit, reaching ₹997.6 crore, compared to ₹884.2 crore in the previous fiscal. Revenue from operations also grew by 12.8%, from ₹9,199.6 crore in FY23 to ₹10,380.3 crore in FY24.

For the first nine months of FY25, the company posted:

• Revenue: ₹8,820 crore (13.6% YoY growth)
• Net Profit: ₹853.3 crore (6% increase YoY)

Business Segments

Hexaware Technologies operates across six sectors:

• Financial Services
• Healthcare & Insurance
• Hi-Tech & Professional Services
• Manufacturing & Consumer
• Banking
• Travel & Transportation

The company has set aside ₹90 crore worth of shares for employees in the IPO.

Lead Managers and Registrars

The IPO is being managed by Kotak Mahindra Capital, Citigroup Global Markets India, JP Morgan India, HSBC Securities & Capital Markets, and IIFL Securities. KFin Technologies is the registrar.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments are subject to market risks, read all scheme-related documents carefully.