Hexaware Technologies IPO Opens on February 12, 2025: Key Details to Note

Hexaware Technologies Limited is set to launch its IPO on February 12, 2025. It is one of the anticipated upcoming IPOs in India. Here are the key details to note about the Hexaware Technologies IPO.

Key Details of Hexaware Technologies IPO to Note

• Open and Close Dates: Hexaware Technologies IPO will open for subscription on February 12, 2025, and close on February 14, 2025.
• Allotment Date: The allotment for the IPO is anticipated to be on Monday, February 17, 2025.
• Listing Date: The shares will be listed on the BSE and NSE, with a tentative listing date set for Wednesday, February 19, 2025.
• Price Band: The price band for the Hexaware Technologies IPO is set between ₹674 to ₹708 per share, with a minimum application lot size of 21 shares. Retail investors need to make a minimum investment of ₹14,868.
• Offer Size: The IPO will be a book-built issue amounting to ₹8,750.00 crore, which is an offer for sale of 12.36 crore shares.

Financial Performance

Strengths and Risks

Strengths:

• As per the RHP, the company serves a diverse clientele, including 31 Fortune 500 organisations. In FY 2023, ~62% of its revenue came from customers with revenues exceeding $5,000 million, while nearly 83% was derived from customers with revenues above $1,000 million.
• The company is focused on building strong relationships with new clients across the Americas, Europe, and APAC through collaborative engagement. This is achieved via its go-to-market strategy, which integrates efforts from New Customer Acquisition, Account Management, Hybrid Sales, and Overlay Sales teams.
• With a global delivery presence, the company provides innovative and cost-effective solutions to its customers. It leverages its talent pool and an efficient onshore-offshore delivery model, supported by advanced platforms, to ensure flexibility and value.

Risks:

• For the nine months ended September 30, 2024, and the Financial Year 2023, the company generated 73.4% and 71.5% of its revenue from operations in the Americas, and 20.5% and 22.1% from Europe, respectively. Any unfavourable economic developments impacting these regions and markets could adversely affect the company’s business, financial condition, and operational results.
• 28.3% and 21.2% of the company’s revenue for the nine months ended September 30, 2024, and 27.2% and 21.7% for the Financial Year 2023, were derived from the ‘Financial Services’ and ‘Healthcare and Insurance’ operating segments, respectively. Any challenges or negative factors impacting these segments could similarly affect the company’s business, financial health, and operational outcomes.

About Hexaware Technologies Limited

Hexaware Technologies is involved in digital and technology services with artificial intelligence (AI) at its core. It leverages advanced technology to provide innovative solutions that support clients in their digital transformation journeys and ongoing operations. By embedding AI into every aspect of its offerings, the company has developed a suite of platforms and tools that enable clients to adapt, innovate, and optimize in today’s AI-driven era.

The business is organised into six operating segments aligned with the industries it serves: Financial Services, Healthcare and Insurance, Manufacturing and Consumer, Hi-Tech and Professional Services, Banking, and Travel and Transportation. Its services span five key categories: Design & Build, Secure & Run, Data & AI, Optimize, and Cloud Services, which form the foundation of its offerings.

The company delivers these services through AI-enabled digital platforms such as RapidX™ for digital transformation, Tensai® for AI-powered automation, and Amaze® for cloud adoption. With a presence across the Americas, Europe, and the Asia-Pacific region (including India and the Middle East), the company caters to a global clientele.

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 in the securities market are subject to market risks, read all the related documents carefully before investing.