Posted on February 6, 2025, by Niftynews
Hexaware Technologies, a leading player in global digital and technology services with artificial intelligence, is set to launch its IPO on February 12, 2025. The Hexaware IPO is an offer-for-sale (OFS) of up to 12,35,87,570 equity shares, amounting to ₹8,750 crore. The issue will open for bidding on February 12 and close on February 14. Here’s everything you need to know about the IPO, including the Hexaware stock forecast and potential Hexaware share price prediction.
About Hexaware Technologies
Incorporated in 1992 and based in Navi Mumbai, Hexaware Technologies specializes in global digital and technology services powered by artificial intelligence (AI). The company leverages AI to provide innovative solutions that help customers adapt and thrive in the AI-driven world. With its diverse offerings in IT services, Hexaware has established a strong global presence, with offshore delivery centers in India (including Chennai, Pune, Bengaluru, and Noida) and Sri Lanka. The company is actively expanding into Tier 2 cities and opening new centers, including in Ahmedabad.
As of September 30, 2024, Hexaware had 39 centers and 16 offices across the Americas, Europe, and APAC regions, solidifying its position in the global IT landscape.
Hexaware Technologies IPO Details
The Hexaware IPO is entirely an offer-for-sale (OFS), with CA Magnum Holdings, the company’s promoter, offering up to 12,35,87,570 equity shares. The issue is valued at approximately ₹8,750 crore. Notably, the company will not receive any proceeds from this offering. The IPO’s price band is set between ₹675-708 per share, and investors can apply for a minimum of 21 equity shares in multiples thereafter.
Ahead of the opening of the issue, Hexaware IPO was not commanding any grey market premium (GMP), a factor investors may consider while evaluating the Hexaware share price target.
IPO Reservation and Employee Benefits
Hexaware Technologies has reserved ₹90 crore worth of shares for its eligible employees, who will also receive a discount of ₹67 per share. The IPO also has allocation reserved for different categories of investors:
- 50% for Qualified Institutional Buyers (QIBs)
- 15% for Non-Institutional Investors (NIIs)
- 35% for Retail Investors
This distribution strategy ensures broad participation from various investor segments.
Financial Performance and Market Capitalization
For the six months ending September 30, 2024, Hexaware Technologies reported a net profit of ₹853.3 crore and a revenue of ₹8,594.2 crore. For the financial year ended March 31, 2024, the company’s net profit stood at ₹997.6 crore, with total revenue of ₹10,389.1 crore.
Based on the IPO’s pricing, Hexaware Technologies is expected to command a market capitalization of around ₹43,025 crore upon listing. Investors will be looking at this figure to assess the company’s potential for long-term growth.
Hexaware Technologies IPO – Key Dates
- IPO Opening Date: February 12, 2025
- IPO Closing Date: February 14, 2025
- Anchor Book Opening: February 11, 2025
- Listing Date: February 19, 2025
- Price Band: ₹675-708 per share
The IPO subscription process is set to begin on February 12, with shares being listed on both the NSE and BSE on February 19, 2025. Investors will be eager to watch the listing day performance to gauge the Hexaware stock growth potential.
Hexaware Technologies IPO Lead Managers and Registrar
The book running lead managers (BRLMs) for the Hexaware Technologies IPO include:
- Kotak Mahindra Capital
- Citigroup Global Markets India
- JP Morgan India
- HSBC Securities & Capital Markets
- IIFL Securities
Kfin Technologies is the registrar for the issue, handling the allotment and listing procedures.
Hexaware Share Price Target and Stock Forecast
The Hexaware stock forecast and Hexaware share price prediction remain cautiously optimistic due to the company’s solid financial performance and its expansion into new markets. The Hexaware Ltd stock performance is expected to be favorable, though investors should watch for volatility post-listing.
As the company continues to strengthen its presence in digital services, especially in AI-driven solutions, its future price outlook appears promising. Long-term investors may want to keep an eye on the Hexaware stock future growth, as the company is well-positioned to benefit from the ongoing digital transformation trend across industries.
Should You Buy or Sell Hexaware Shares?
When considering whether to buy or sell Hexaware shares, investors should focus on the company’s ability to scale its operations and enhance its competitive positioning within the rapidly growing AI sector. While the Hexaware share investment could potentially yield substantial returns, careful attention to the stock’s post-IPO price movements and overall market conditions is necessary.
Conclusion: Hexaware IPO Overview
The Hexaware Technologies IPO presents an exciting opportunity for investors to participate in a leading digital services provider with a strong AI integration strategy. The offer-for-sale structure means the company won’t receive proceeds, but the market capitalization could potentially be very attractive in the medium to long term. With substantial demand expected from QIBs and retail investors, Hexaware Technologies is a stock worth watching closely. Whether this is a buy or sell opportunity depends largely on your investment strategy and risk appetite.
