HEXAWARE TECHNOLOGIES LIMITED

Price Band

₹ 674 - ₹ 708

Bid Lot

21 Shares

HEXAWARE TECHNOLOGIES LIMITED

12-Feb-2025 - 14-Feb-2025

Price Band

₹ 674 - ₹ 708

Minimum Investment

₹ 14868.00

Bid Lot

21 Shares

Shares

123,720,440

  • Face Value -  Rs. 1/- Per Share
  • Lisitng 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

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

Timeline

  • 12

    Feb-2025

    Open Date

  • 14

    Feb-2025

    Close Date

  • 17

    Feb-2025

    Basis of Allotment Date

  • 18

    Feb-2025

    Initiation of Refunds

  • 18

    Feb-2025

    Credit of Shares to Demat A/C

  • 19

    Feb-2025

    IPO Listing Date

Subscription as on 14-Feb-2025 17:39

Category

Book Size

Subscription

QIB

9.55x
24,463,277

(₹1732.00 Cr.)

233,661,582

(₹16543.24 Cr.)

HNI (<10 LAKH)

0.16x
6,115,819

(₹433.00 Cr.)

990,108

(₹70.10 Cr.)

HNI2 (>10 LAKH)

0.24x
12,231,639

(₹866.00 Cr.)

2,958,816

(₹209.48 Cr.)

RETAIL

0.11x
42,810,735

(₹3031.00 Cr.)

4,763,136

(₹337.23 Cr.)

EMP

0.33x
1,404,055

(₹99.41 Cr.)

470,253

(₹33.29 Cr.)

Total

2.79x
87,025,525
242,843,895

Category

Book Size

Subscription

QIB

9.55x
24,463,277

(₹1732.00 Cr.)

233,661,582

(₹16543.24 Cr.)

HNI (<10 LAKH)

0.16x
6,115,819

(₹433.00 Cr.)

990,108

(₹70.10 Cr.)

HNI2 (>10 LAKH)

0.24x
12,231,639

(₹866.00 Cr.)

2,958,816

(₹209.48 Cr.)

RETAIL

0.11x
42,810,735

(₹3031.00 Cr.)

4,763,136

(₹337.23 Cr.)

EMP

0.33x
1,404,055

(₹99.41 Cr.)

470,253

(₹33.29 Cr.)

Total

2.79x
87,025,525
242,843,895

*Excluding Anchor

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

HNI Cost

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.

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

Apply for IPO in few simple steps.

  • Step 1

    Once you create your account, Login to Easy Investing.

  • Step 2

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 3

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 4

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 5

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with Easy Investing, in just a few clicks your application is processed. You can bid for any IPO through Easy Investing, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on Easy Investing’s IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
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