Hexaware Technologies IPO: Key Details, GMP, Price Band & Investment Insights
Hexaware Technologies is gearing up for its highly anticipated Initial Public Offering (IPO), set to open on Wednesday, February 12, and close on Friday, February 14. The company, a key player in global digital and technology services, is looking to raise Rs 8,750 crore through an Offer-for-Sale (OFS) of up to 12,35,87,570 equity shares by its promoter, CA Magnum Holdings.
Key Details of the IPO:
IPO Price Band: Rs 675-708 per share
Minimum Lot Size: 21 equity shares and multiples thereafter
Anchor Book Opening: Tuesday, February 11
GMP (Grey Market Premium): Rs 8-10 per share
Listing Date: February 19
Allotment Finalization: February 17
Share Credit Date: February 18
Financial Performance:
Hexaware Technologies has demonstrated strong financials with steady growth in revenue and profits:
Net Profit (FY 2023-24): Rs 997.6 crore
Revenue (FY 2023-24): Rs 10,389.1 crore
H1 FY 2024-25 Net Profit: Rs 853.3 crore
H1 FY 2024-25 Revenue: Rs 8,594.2 crore
Market Capitalization Post-IPO: Rs 43,025 crore
Business Overview:
Incorporated in 1992 and headquartered in Navi Mumbai, Hexaware Technologies specializes in AI-driven digital transformation solutions. It operates 39 global delivery centers and 16 offices across the Americas, Europe, and APAC regions. The company has major offshore delivery centers in Chennai, Pune, Bengaluru, Noida, and Sri Lanka, with planned expansions in Tier 2 cities like Ahmedabad.
Reservation and Discount:
QIBs: 50% of the shares reserved
NIIs: 15% of the shares reserved
Retail Investors: 35% of the shares reserved
Employee Reservation: Rs 90 crore worth of shares with a Rs 67 per share discount
Lead Managers and Registrars:
Book Running Lead Managers: Kotak Mahindra Capital, Citigroup Global Markets India, JP Morgan India, HSBC Securities & Capital Markets, and IIFL Securities
Registrar: KFin Technologies
Investment Perspective:
Market analysts suggest that Hexaware Technologies’ valuation at a P/E of 43.1x (CY23) and 37.6x (CY24E) is relatively attractive compared to industry peers. Given its strong financials, diversified revenue streams, and AI-driven digital solutions, experts recommend subscribing to the IPO for long-term investment benefits.
Disclaimer: This blog provides informational content and does not constitute investment advice. Investors should consult financial advisors before making investment decisions.
Reference from:- https://www.businesstoday.in/markets/ipo-corner/story/hexaware-technologies-ipo-check-open-date-gmp-price-band-other-key-details-464011-2025-02-10