Hexaware Technologies Limited, a prominent global digital and technology services company, is set to launch its Initial Public Offering (IPO) on February 12, 2025. The IPO, entirely an Offer-for-Sale (OFS) by the promoter CA Magnum Holdings—a subsidiary of the Carlyle Group—aims to raise ₹8,750 crore. The subscription window will be open from February 12 to February 14, 2025, with a price band set between ₹674 and ₹708 per share.
IPO Details:
- Price Band: ₹674 to ₹708 per share
- Subscription Dates: February 12 to February 14, 2025
- Lot Size: 21 shares
- Minimum Investment: ₹14,868 for retail investors
- Issue Size: ₹8,750 crore through the sale of 12.36 crore shares
- Listing Date: February 19, 2025, on BSE and NSE
The IPO is structured with 50% of the offer reserved for Qualified Institutional Buyers (QIBs), 35% for Retail Individual Investors (RIIs), and 15% for Non-Institutional Investors (NIIs). Additionally, shares worth up to ₹90 crore are reserved for employees, who will receive a discount of ₹67 per share in the employee reservation portion.
Company Overview:
Founded in 1992, Hexaware Technologies has established itself as a leader in digital transformation, leveraging artificial intelligence (AI) to provide innovative solutions across various industries. The company operates in six key segments:
- Financial Services
- Healthcare and Insurance
- Manufacturing and Consumer
- Hi-Tech and Professional Services
- Banking
- Travel and Transportation
Hexaware delivers its services through AI-enabled digital platforms such as RapidX™ for digital transformation, Tensai® for AI-powered automation, and Amaze® for cloud adoption. As of September 30, 2024, the company boasts a global presence with 39 delivery centers and 16 offices across the Americas, Europe, and the Asia-Pacific region, employing over 32,500 professionals.
Financial Performance:
In the fiscal year ending March 31, 2024, Hexaware reported a net profit of ₹997.6 crore, a 12.8% increase from the previous year’s ₹884.2 crore. Revenue from operations also saw a 12.8% rise, reaching ₹10,380.3 crore compared to ₹9,199.6 crore in the prior fiscal year. For the first nine months of FY25, the company reported revenues of ₹8,820 crore and a net profit of ₹853.3 crore.
