Hexaware Technologies Limited, the Global Digital and Technology Services Company, will be introducing its initial public offering (IPO) in February 2025. This article provides future IPOs and reviews. Hexaware Technologies IPOcompany details, competitiveness, finance, problem details, risk, analysis, and whether investors should subscribe or avoid this IPO.
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About Hexaware Technologies Limited
Founded in 1992, Hexaware Technologies is a global IT and digital solutions company that leverages artificial intelligence (AI) to facilitate digital transformation. The company offers services in multiple industries, including banking, financial services, insurance, healthcare, manufacturing and consumer services.
Hexaware has a strong global presence with 39 distribution centers and 16 offices throughout the US, Europe and Asia Pacific region. The company is located in India’s key offshore delivery capabilities (Chennai, Pune, Bengaluru, Noida) and Sri Lanka, with plans to expand to tier two cities like Ahmedabad.
Competitiveness
- Digital solutions with AI: The company offers advanced automation and cloud solutions through platforms such as Rapidx™, Tensai®, and Amaze®.
- Diverse global clients: Hexaware serves Blue Chip customers across the industry, ensuring a stable revenue stream.
- Experienced leadership team: Our management team has extensive experience in the IT and digital transformation industries.
- Strong financial performance: Consistent revenue growth and profitability, high net worth (RONW) profitability.
More about Hexaware Technologies IPO
- IPO opening date: February 12, 2025
- IPO deadline: February 14, 2025
- Allocation date: February 17, 2025
- List date: February 19, 2025
- Issued size: £8,750 crore
- Issuance type: Offering for sale (OFS)
- IPO Price Band: £674 – £708 per share
- Lot size: 21 shares
- Minimum investment: £14,868 (for retail investors)
- Exchange list: bse & nse
- Lead Manager: Kotak Mahindra Capital, Citigroup, JP Morgan, HSBC Securities, IIFL Securities
- Registrar: KFIN Technologies Limited
Why did Hexawale Technology previously listed its stock?
You may be wondering if the stocks in Hexaware Technologies were already listed and traded previously, but why did you come up with an IPO?
Company sharing was listed until November 2020. The company’s then promoter was discontinued from Bases in November 2020 after accepting £475 per £475 of the registered price it was discovered.
Hexaware Technologies Limited Finance (£in Crores)
| End of period | Revenue | Net profit | Net assets |
|---|---|---|---|
| 9M FY 2024 | 8,871.3 | 853.3 | 4,876 |
| 31-DEC-2023 | 10,389.1 | 997.6 | 4,230.9 |
| 31-DEC-2022 | 9,378.8 | 884.2 | 3,778.1 |
| 31-DEC-2021 | 7,244.6 | 748.8 | 3,503.7 |
Hexaware has demonstrated stable revenue growth and profitability, making it a financially strong company.
IPO objects
This is a full sales offer (OFS), so the company will not receive revenue from the IPO. Sales shareholder CA Magnum Holdings (promoter) aims to offload the shares through this offering.
Hexaware Technologies IPO assessment – P/E ratio compared to peers
| company | P/E ratio |
|---|---|
| Hexaware Technology | 41x |
| Persistent system | 84x (Best) |
| mphasis | 34x (minimum) |
| Industry Average | 55x |
41x Hexaware P/E prices are fully available.
Why invest in Hexaware Technologies IPOs?
- Strong market location – Hexaware is a well-established IT services company with a strong client base.
- Consistent growth – The company has shown steady financial growth in recent years.
- Global expansion plan – Plans to enter tier 2 cities in India and expand delivery centres could drive future growth.
- AI and crowd focus – The company’s investment in AI-driven solutions will give you a competitive edge.
Risk factors to consider
- Premium rating – IPO prices are priced at 41x P/E compared to competitors such as Infosys, Wipro and other less than 25x deals.
- There are no fresh issues – Hexaware does not receive capital for expansion, as IPOs are pure OFS.
- Slowing down the IT sector – A slowdown in the IT industry can affect revenue growth.
- Highly dependency on large clients – The loss of key clients can affect financial performance.
Hexaware Technologies IPO Gray Market Premium (GMP)
For now, Hexaware Technologies’ GMP IPOs range from £19-42 per share. This indicates gradual demand in the grey market.
- GMP by Chittorgarh – 19 lbs per share
- GMP according to Ipowatch – 20 pounds per share
- GMP according to Investorgain – 19 lbs per share
- But AliceBlue says it at 46 pounds on the hexaware Tech IPO GMP
(Note: GMP may fluctuate and may approach list date.)
How do I apply for a Hexaware Technologies IPO?
- Through ASBA (net banking): Log in to your bank’s online banking portal, go to the IPO section and apply using ASBA.
- Usage of UPI (broker/trading app): Apply via online trading apps such as Zerodha, Grow, Upstox, etc. by linking UPI IDs.
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Hexaware Technologies IPO Review – Should I Invest?
Hexaware Technologies is a well-established IT services company with a strong track record. However, since IPOs are fully priced and OFS compared to their peers, the company receives no funds for growth.
Who should I invest?
- An investor with a long-term perspective that believes in Hexaware’s AI and cloud-driven growth story.
- It’s medium to high ratings and comfortable.
Who should avoid it?
- Investors looking for quick listing profits as premium pricing could limit the likelihood of rising.
- Those who prefer IPOs with fresh problem components to support extensions.
Final Verdict: Neutral to positive – Suitable for long-term investors, but due to low IPO prices and GMP, it may not be possible to earn a listing profit due to moderate to high valuations.
Are you planning to apply for the Hexaware Technologies IPO? Share your thoughts in the comments below!
Disclaimer: This article is for educational purposes only. Investing in IPOs or equity is risky and can lead to loss of capital. Talk to your financial advisor before investing in an IPO
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