Hexaware Technologies Limited Link 
Allotment
Hexaware Technologies’ initial public offering (IPO) was a book-built issue of ₹8,750 crore, entirely through an offer-for-sale of 12.36 crore shares. The IPO opened for bidding on February 12, 2025, and closed on February 14, 2025. The allotment was finalized on February 17, 2025, and the shares were listed on the BSE and NSE on February 19, 2025.
The IPO was priced in the band of ₹708 per share. Retail investors could apply for a minimum of 21 shares, requiring an investment of ₹14,868 at the upper price. For small non-institutional investors (sNII), the minimum application was 14 lots (294 shares), amounting to ₹2,08,152, while big non-institutional investors (bNII) could apply for 68 lots (1,428 shares), totaling ₹10,11,024.
A portion of the issue, up to 14,04,056 shares, was reserved for employees at a discount of ₹67 per share on the issue price, allowing employees to participate in the IPO at preferential pricing.
The IPO was managed by Kotak Mahindra Capital Co. Ltd. as the Book Running Lead Manager, with Kfin Technologies Ltd. serving as the registrar of the issue, ensuring smooth processing of applications, allotments, and listings.
₹708
0%
Open
₹708
HIgh - Low
₹708
Previous Close
₹708
Total Traded Value
0
52 Weeks High
₹708
52 Weeks Low
₹708
Updates On
Feb 5, 2025
IPO. Open
Feb 12, 2026
IPO. Close
Feb 14, 2026
IPO. Price
₹708.00
IPO Market price
₹43,024.78 Cr
IPO Details
| IPO Date | 19 Feb |
| IPO Listing Date | 19 Feb |
| IPO Face Value | ₹1 per share |
| IPO Price Range | ₹708.00 |
| IPO Issue Size | 12,36,15,318 shares |
| IPO Sale Type | Offer For Sale |
| Employee Discount | ₹67.00 |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | BSE, NSE Platform |
| Share Holding Pre Issue | 60,76,94,668 shares |
IPO Timeline
| IPO Open Date | 12 Feb |
| IPO Close Date | 14 Feb |
| IPO Allotment (Tentative) | 17 Feb |
| Refunds | 18 Feb |
| Credit to Demat Account | 18 Feb |
| IPO Listing Date | 19 Feb |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 6,11,58,191 Shares |
| NII (HNI) Shares Offered | 1,83,47,458 Shares |
| Retail Shares Offered | 4,28,10,735 Shares |
IPO Lot Size
Investors can apply for a minimum of 21 shares, with additional applications allowed in multiples of 21 shares.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 21 | ₹14,868 |
| Retail (Max) | 12 | 273 | ₹1,93,284 |
| S-HNI (Min) | 14 | 294 | ₹2,08,152 |
| S-HNI (Max) | 67 | 1,407 | ₹9,96,156 |
| B-HNI (Min) | 68 | 1,428 | ₹10,11,024 |
Incorporated in 1992, Hexaware Technologies Limited is a global digital and technology services company leveraging artificial intelligence to drive innovation. The company delivers AI-powered solutions that help customers adapt, innovate, and thrive in a rapidly evolving digital world.
Global Presence
Hexaware operates major offshore delivery centers in India (Chennai, Pune, Bengaluru, Noida, etc.) and Sri Lanka, with plans to expand into Tier 2 cities, including a new center in Ahmedabad. As of September 30, 2024, the company has 39 global delivery centers and 16 offices across the Americas, Europe, and APAC.
Business Segments
Hexaware serves six primary industries:
Financial Services
Healthcare & Insurance
Manufacturing & Consumer
Hi-Tech & Professional Services
Banking
Travel & Transportation
Platforms
The company delivers services through proprietary AI-driven platforms, including:
RapidX™: Digital transformation solutions
Tensai®: Automation capabilities
Amaze®: Cloud adoption and enablement
Service Offerings
Design & Build: Drives digital transformation via product innovation, software development, and ERP system enhancements to improve productivity and time-to-market.
Secure & Run: Secures, manages, and optimizes IT operations across applications, middleware, data, devices, and hybrid infrastructure.
Data & AI: Builds strong data foundations and leverages AI/ML to convert data into actionable insights, enhancing agility and decision-making.
Optimize: Offers Gen AI-powered business process services for personalized interactions, automation, analytics, and talent management across industries.
Cloud Services: Provides foundational cloud capabilities that enhance offerings across all service lines.
Workforce
As of September 30, 2024, Hexaware has a global workforce of 32,536, comprising 30,171 full-time and 2,365 contracted employees.
Competitive Strengths
Deep domain expertise with comprehensive, industry-specific solutions
Proprietary AI-led digital platforms and a culture of innovation
Long-term, embedded relationships with a diversified blue-chip client base
Focused go-to-market strategy for customer acquisition and expansion
Global, scalable, and flexible delivery model supported by a skilled, certified workforce
Experienced leadership fostering a people-first organizational culture
Consistent track record of growth and cash generation
Company Financials (Consolidated)
| Assets | 8,594.20 | 7,202.10 | 7,021.20 |
| Total Income | 8,871.30 | 10,389.10 | 7,763.10 |
| Profit After Tax | 853.3 | 997.6 | 804.8 |
| EBITDA | - | - | - |
| NET Worth | 4,876.00 | 4,230.90 | 4,294.00 |
| Reserves and Surplus | 4,816.70 | 4,171.60 | 4,234.70 |
| Total Borrowing | - | - | - |
Key Performance Indicator (KPI)
| ROE | - |
| ROCE | - |
| Debt/Equity | - |
| RoNW | 23.60% |
| PAT Margin | 9.60% |
| EBITDA Margin | - |
| Price to Book Value | 10.15 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | - |
| 3 | To meet out the General Corporate Purposes; | - |
| 4 | Offer for Sale (OFS) | - |
Contact Details
Hexaware Technologies Ltd. Address
152, Millennium Business Park,
Sector III, ‘A’ Block, TTC Industrial Area,
Mahape, Navi Mumbai, 400 710
Mahape, Maharashtra
+91 223326 8585
investori@hexaware.com
http://www.hexaware.com/
Detail Registrar
IPO Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
hexaware.ipo@kfintech.com
https://ipostatus.kfintech.com/
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