About Hexaware Technologies:
The company is a global digital and technology services provider with artificial intelligence (AI) at its core. It leverages technology to deliver innovative solutions that support customers in their digital transformation journey and ongoing operations, integrating AI into every aspect of its solutions. The company operates through six 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. Its offerings include five key service categories—Design & Build, Secure & Run, Data & AI, Optimize, and Cloud Services—which form the foundation of its solutions.
About the Industry in which Hexaware Technologies operates:
The IT Services and Business Process Services (BPS) market is expected to reach approximately ₹343.0 trillion (₹343,000,000 million) by CY2029, with IT services projected to grow at a CAGR of 7.2% and BPS at a CAGR of 2.5% during CY2024-29E.
Key drivers of this growth include the increasing adoption of cloud computing, data and AI solutions, rising cybersecurity requirements, and a focus on cost optimization. Digital transformation remains a central theme across all major technology segments, with overall digital services spending anticipated to reach approximately ₹152.7 trillion (₹152,700,000 million) by CY2029.
| Important Information and Timelines of the IPO of Hexaware Technologies: | |
|---|---|
| Open Date | 12 February 2025 |
| Close Date | 14 February 2025 |
| Total Issue Size – Number of Shares | 123587570 |
| Minimum Bid Price | 674 |
| Maximum Bid Price | 708 |
| Lot Size | 21 |
| Basis of Allotment | 17 February 2025 |
| Initiation of Refunds and Credit of Shares to Demat | 18 February 2025 |
| Listing Date | 19 February 2025 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Hexaware Technologies:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 21 | 14868 |
| Retail – Maximum | 13 | 273 | 193284 |
| sHNI – Minimum | 14 | 294 | 208152 |
| sHNI – Maximum | 67 | 1407 | 996156 |
| bHNI – Minimum | 68 | 1428 | 1011024 |
Objective of the IPO of Hexaware Technologies:
The objectives of the Offer are:
-
Offer for Sale: Sale of Equity Shares with a face value of ₹1 each, aggregating up to ₹87,500 million by the Promoter Selling Shareholder.
-
Stock Exchange Listing: Achieving the benefits of listing the Equity Shares on the Stock Exchanges.
All proceeds from the Offer will go to the Promoter Selling Shareholder, and the company will not receive any funds.
Financials of Hexaware Technologies:
| Particulars | For the Nine Months Ended September 30, 2024 | For the Nine Months Ended September 30, 2023 | Financial Year 2023 | Financial Year 2022 | Financial Year 2021 |
|---|---|---|---|---|---|
| Equity Share Capital | 607 | 607 | 607 | 604 | 603 |
| Revenue from Operations | 88,200 | 77,643 | 103,803 | 91,996 | 71,777 |
| Profit for the Period/Year | 8,533 | 8,048 | 9,976 | 8,842 | 7,488 |
| Basic Earnings per Share | 14.12* | 13.28* | 16.45 | 14.65 | 12.43 |
| Diluted Earnings per Share | 14.06* | 13.24* | 16.41 | 14.53 | 12.32 |
| Borrowings (Secured) | - | - | - | 827 | - |
| Net Worth | 48,760 | 42,940 | 42,309 | 37,781 | 35,037 |
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For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Hexaware Technologies. You will receive a UPI mandate after 10:00 AM on 12 February 2025.
###1. How to apply for the IPO of Hexaware Technologies on Dhan?
You can apply for the IPO of Hexaware Technologies from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Hexaware Technologies be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 18 February 2025. However, you will be able to see the shares of Hexaware Technologies on Dhan before the market starts on the listing date which is 19 February 2025.