Hexaware Technologies Limited is coming up with an IPO, offering to sell existing shares worth INR 995 crores. The company aims to enhance its visibility and brand and provide liquidity to existing shareholders through listing.
Hexaware Technologies IPO – Important Dates
| Hexaware Technologies Limited IPO Date | Yet to be announced |
| Hexaware Technologies Limited IPO Listing Date | Yet to be announced |
| Hexaware Technologies Limited IPO Price | Yet to be announced |
| Hexaware Technologies Limited IPO Lot Size | Yet to be announced |
| Hexaware Technologies Limited IPO Total Issue Size | INR 995 crores |
| Hexaware Technologies Limited IPO Basis of Allotment | Yet to be announced |
| Hexaware Technologies Limited IPO Initiation of Refunds | Yet to be announced |
| Hexaware Technologies Limited IPO Credit of Shares to Demat | Yet to be announced |
| Hexaware Technologies Limited IPO Issue Type | Book Built Issue IPO |
| Hexaware Technologies Limited IPO Listing At | BSE NSE |
Hexaware Technologies Limited IPO – Company Profile
Hexaware Technologies Limited is a global digital and technology services company that embeds AI in every solution to drive digital transformation, innovation, and optimisation through advanced platforms and tools for customers in the AI-first era.
With six industry-focused segments, Hexaware Technologies provides AI-powered services like Data & AI, Cloud, and automation through platforms like RapidX™, Tensai®, and Amaze®, serving global customers and strengthening offerings via strategic partnerships.
Serving 31 Fortune 500 companies, Hexaware Technologies partners with top firms across asset management, life sciences, insurance, manufacturing, and banking, building strong, expanding relationships through a customer-centric approach.
Hexaware Technologies Ltd IPO Fundamental Analysis
Hexaware Technologies Limited’s financial analysis reveals a mixed performance. Revenue grows over time, but declining profitability, EPS, and RoNW raise concerns despite increasing equity and total assets, indicating potential business expansion.
- Revenue Trend: The revenue increased from ₹91,996 millions in December 2022 to ₹103,803 millions in December 2023. The revenue for the current year’s 6-month period ending June 2024 is INR 56,843 millions.
- Equity and Liabilities: Equity has shown a consistent increase over the periods, reflecting potential growth and expansion.
- Profitability: The profit after tax (PAT) has significantly decreased from ₹8,842 millions in December 2022 to ₹5,536 millions by June 2024. This decline in profitability could be a source of concern among investors.
- Earnings per Share (EPS): The diluted EPS has reduced from ₹14.53 in December 2022 to ₹9.13 by June 2024, reflecting lower earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has reduced from 23.4% to 12.2%, indicating a decrease in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth.
Hexaware Technologies IPO Financial Analysis
| Particular | As of 31 December 2022 | As of 31 December 2023 | As of 30 June 2024 |
| Revenue (₹ in millions) | 91,996 | 103,803 | 56,843 |
| Equity (₹ in millions) | 41,230 | 46,352 | 49,790 |
| Expenses (₹ in millions) | 82,558 | 91,206 | 49,870 |
| Profit and Loss After Tax (₹ in millions) | 8,842 | 9,976 | 5,536 |
| Diluted EPS only (₹) | 14.53 | 16.41 | 9.13 |
| Return on Net Worth (%) | 23.4 | 23.6 | 12.2 |
| NAV per Equity Share (₹) | 62.09 | 69.60 | 75.07 |
| Total Assets (in millions) | 65,140 | 72,021 | 79,568 |
| Total Liabilities (in millions) | 23,910 | 25,669 | 29,778 |
Hexaware Technologies Limited IPO Peer Comparison
Hexaware Technologies, Persistent Systems, Coforge, LTIMindtree, and Mphasis excel in IT services with varying profitability, valuations, and return metrics. LTIMindtree leads in size, while Persistent and Coforge show strong valuations and profitability indicators.
| Company | Revenue from Operations (₹ in millions) | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic) (₹) | EPS (Diluted) (₹) | RoNW (%) | Net AssetValue (₹) |
| Hexaware Technologies Limited | 103,803 | 1 | – | 16.45 | 16.41 | 23.6 | 69.77 |
| Persistent Systems Limited | 98,216 | 5 | 73 | 72.44 | 71.07 | 22.1 | 321.82 |
| Coforge Limited | 91,790 | 10 | 50 | 131.56 | 129.59 | 23.0 | 586.63 |
| LTIMindtree Limited | 355,170 | 1 | 40 | 154.85 | 154.48 | 22.9 | 676.55 |
| Mphasis Limited | 132,785 | 10 | 37 | 82.42 | 81.83 | 17.7 | 465.33 |
Hexaware Technologies Ltd IPO Objective
The main objective of Hexaware Technologies Limited is to enhance its visibility and brand and provide liquidity to existing shareholders through listing.
Hexaware Technologies IPO Risks And Challenges
Hexaware Technologies Limited’s risk includes economic fluctuations in key regions, high attrition, talent competition, recruitment challenges, and workforce management issues, which could impact business growth, financial health, operational efficiency, and service quality.
- With significant revenue dependence on the Americas and Europe, Hexaware Technologies faces potential impacts from adverse economic conditions in these regions, which could affect its business performance, financial health, and operational outcomes.
- High attrition, competition for skilled talent, recruitment challenges, potential knowledge loss to competitors, increased hiring expenses, and reduced operational efficiency may affect Hexaware Technologies’ business growth, employee retention, margins, and ability to deliver quality services.
- Effective workforce management, including optimising utilisation, training, and aligning IT professionals with evolving demands, is crucial for Hexaware Technologies. Challenges in these areas could negatively impact business operations, financial performance, and growth opportunities.
Hexaware Technologies Ltd IPO – Industry & Market Potential
The Application Services market is projected to reach ₹32.4-33.2 trillion by 2029, with a 4.8% CAGR. Software Product Engineering Services, driven by digital transformation and advanced technologies, is expected to grow at a 13-14% CAGR.
The global Cloud and Infrastructure Services market, projected to grow at a 7.5% CAGR from 2024 to 2029, is driven by multi-cloud strategies, cloud migration, security, AI automation, edge computing, IoT integration, and management services.
The global Enterprise Platform IT Services market, projected to grow at a 6.5% CAGR from 2024 to 2029, is driven by experience transformation, cloud adoption, integration, advanced analytics, and continuous innovation from technology partners.
Hexaware Technologies Limited IPO – Type of Offer
Hexaware Technologies Limited proposes an offer to sell existing shares worth INR 995 crores, aiming to enhance the visibility and brand and provide liquidity to existing shareholders through listing.
- Offer for sale: Hexaware Technologies Limited is offering to sell existing shares worth INR 995 crores. The following are the details of the existing shareholder, who is also the promoter selling the shares:
| Name of the promoter selling shareholder |
| CA Magnum Holdings |
Hexaware Technologies IPO Offer Size
The offer size of Hexaware Technologies Limited is INR 995 crores, consisting of the sale of existing shares worth INR 995 crores. The company aims to enhance its visibility and brand and provide liquidity to existing shareholders through listing.
Hexaware Technologies Limited IPO Allotment Structure
Hexaware Technologies Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. A portion is set aside for eligible employees.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Eligible Employees: A portion is set aside for eligible employees.
How to apply for Hexaware Technologies IPO?
To apply for the Hexaware Technologies Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Hexaware Technologies Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Hexaware Technologies Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Hexaware Technologies IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Hexaware Technologies Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Hexaware Technologies Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Hexaware Technologies Limited IPO:
● Registrar’s Website: Visit the website of KFin Technologies Limited, the registrar of the Hexaware Technologies Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE NSE: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) National Stock Exchange (NSE). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Hexaware Technologies Ltd IPO Offer Registrar
The registrar for the Hexaware Technologies Limited IPO is KFin Technologies Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
KFin Technologies Limited
Selenium, Tower B, Plot No-31 and 32
Financial District, Nanakramguda,
Serilingampally
Hyderabad, Rangareddi 500 032
Telangana, India
Tel: +91 1800 309 4001/ +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Hexaware Technologies IPO – FAQs
1. What is the allotment date of the Hexaware Technologies IPO?
The allotment date of Hexaware Technologies is yet to be announced.
2. What is the price band of the Hexaware Technologies IPO?
The price band of the issue is yet to be announced.
3. What is the size of the Hexaware Technologies IPO?
The offer size of Hexaware Technologies Limited is INR 995 crores, consisting of the sale of existing shares worth INR 995 crores. The company aims to enhance its visibility and brand and provide liquidity to existing shareholders through listing.
4. What is the listing date of the Hexaware Technologies IPO?
The listing date of Hexaware Technologies is yet to be announced.
5. Where is the Hexaware Technologies IPO Getting Listed?
Hexaware Technologies is getting listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
6. What are the open and close dates of the Hexaware Technologies Limited IPO?
The open and close dates of Hexaware Technologies Limited are yet to be announced.
7. How to apply for Hexaware Technologies Ltd IPO in Alice Blue?
To apply for the Hexaware Technologies Limited IPO through Alice Blue, open a Demat and trading account, check IPO details, place your bid within the price band, and submit your application. After allotment, check the status to see if shares were allocated.
8. Who are the Book Runners for the Hexaware Technologies IPO?
The Book Runners for Hexaware Technologies are Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, HSBC Securities and Capital Markets (India) Private Limited and IIFL Securities Limited.
