Hexaware technologies is all set to launch its IPO on February 12, 2025, with share price layer between ₹674 to ₹708. This IPO is entirely an offer for sale(OFS) by promoter, CA Magnum holdings, meaning the company wont raise any new funds. The Issue size is 8750 crores, Anxious will be listed on BSE and NSE. Hexaware is a global IT and digital services company focusing on AI driven solutions, cloud computing and automation. The main objective is to provide an exit route for the promoters. In this article we will breakdown Hexaware Technologies IPO details, financials, grey market premium, peer comparison and whether you should apply or not.
Hexaware Technologies IPO Details
| Particulars | Details |
|---|---|
| Issue Size | ₹8,750 crore |
| Offer for Sale (OFS) | Entire issue is an OFS by CA Magnum Holdings |
| Price Band | ₹674 to ₹708 per share |
| Lot Size | 21 shares |
| Minimum Investment | ₹14,868 |
| IPO Type | Book Built Issue |
| IPO Opening Date | February 12, 2025 |
| IPO Closing Date | February 14, 2025 |
| Allotment Date | February 17, 2025 |
| Listing Date | February 19, 2025 |
| Listing Exchanges | BSE, NSE |
| Retail Investor Quota | Minimum 35% of the net offer |
Hexaware Technologies IPO Grey Market Premium
The gray market premium absorbs February 10th is ₹8 per share. this means the share are expected to list at 716 with respect to 708 of upper price band. However GMP has dropped from 19 on February 6th To ₹8 showing dip in grey market demand.
IPO Objectives
This IPO is not raising money for a hexaware technologies, instead it allows the promoter to sell its shares. All proceeds will go to the promoter not the company. So if you are looking for an ipo where the funds will be used for expansion or new projects this might not be the best choice.
Hexaware Technologies Business Overview
Hexaware is a Global IT Company specializing in digital transformation, cloud services and artificial intelligence. the company serves clients across industries like banking, healthcare, manufacturing. Hexaware offers a range of services including:
- Application development and maintenance- custom software solutions.
- Cloud and infrastructure services- helping businesses move to the cloud.
- Business process outsourcing BPO- customer support, data processing.
- AI and automation- using our tficial intelligence to improve efficiency.
- Cyber security solutions- Protecting businesses from cyber threats.
Compnay Financials
| Financial Metric | FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 |
|---|---|---|---|---|
| Revenue from Operations | ₹8,640 | ₹9,758 | ₹10,380 | ₹5,512 |
| Profit After Tax (PAT) | ₹850 | ₹980 | ₹997 | ₹580 |
| EBITDA (Operating Profit) | ₹1,420 | ₹1,520 | ₹1,685 | ₹860 |
| Earnings Per Share (EPS) | ₹14.5 | ₹15.8 | ₹16.4 | ₹8.3 |
| Total Assets | ₹5,820 | ₹6,300 | ₹7,020 | ₹7,580 |
| Total Equity | ₹3,640 | ₹4,210 | ₹4,920 | ₹5,060 |
Hexaware Technologis IPO Good Or Bad For Investment
Deciding whether to invest in Hexaware Technologies IPO depends on your investment goals and risks. if you are looking for quick listing and this ipo may not be best choice as the cray market premium is trading at ₹8 which is Very negligible. Its indicating that the market does not expect a significant jump in share price Upon listing. the GMP has also dropped from ₹19 a few days ago, Which suggests decreasing demand in the unofficial market.
Long term perspective, Hexaware technologies has strong financials. The company has shown consistent revenue growth With 10380 crores And 997 crores popped in FY 2023. It is also debt free company, Pitch is a big positive. exaware operates in a competitive It service sector, going up against giant slack tcs Infosys and Wipro. While it is much smaller inside its focus on AI automation and cloud services Gives it an age in emerging technology trends.
One major concern is that IPO is entirely an offer for sale(OFS), Meaning the company itself will not receive any Funds. Instead the 8750 crore will go to the promoter. Since this is a private equity exit, some investors may review it as a red flag as the promoter is caching out rather than investing in the company Future growth.
Insured for long term investor hexaware is well run profitable company with a focus on AI automation if you believe in the company’s future it can be good investment. For short term traders the low GMP and full OFS structure make this ipoles attractive for listing gains. If you’re looking for quick profits this may not be the best option to you.
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