Last Updated on February 6, 2025 by IPO Manthan Team
Hexaware Technologies IPO is one of the most anticipated public offerings in 2025. The company, a leading IT and digital services provider, is set to raise ₹8,750 crore through an Offer for Sale (OFS). Investors are keenly watching its subscription status, financial performance, and Grey Market Premium (GMP). Here’s a detailed look at everything you need to know.
Hexaware Technologies IPO Details
| IPO Details | Information |
|---|---|
| Issue Type | Offer for Sale (OFS) |
| Total Issue Size | ₹8,750 crore |
| Price Band | ₹674 – ₹708 per share |
| Lot Size | 21 shares per lot |
| IPO Opening Date | February 12, 2025 |
| IPO Closing Date | February 14, 2025 |
| Allotment Date | February 17, 2025 |
| Listing Date | February 19, 2025 (NSE & BSE) |
The entire IPO consists of an Offer for Sale (OFS) by CA Magnum Holdings, a Carlyle Group subsidiary. Since this is an OFS, Hexaware Technologies will not receive any proceeds from the IPO.
Hexaware Technologies IPO Subscription
The IPO will have different reservation quotas:
- Qualified Institutional Buyers (QIBs): 50%
- Non-Institutional Investors (NIIs): 15%
- Retail Investors: 35%
Retail investors can apply for a minimum of 21 shares, requiring an investment of ₹14,868. The IPO also has a ₹90 crore employee reservation, with a discount of ₹67 per share for eligible employees.
Hexaware Technologies IPO GMP Today
Grey Market Premium (GMP) is an important factor for investors. As of February 6, 2025, the GMP for Hexaware Technologies IPO is ₹46 per share.
This means the stock may list at approximately ₹754 (₹708 + ₹46). However, some sources indicate a potential 12% premium, suggesting a listing price around ₹793.
| Date | GMP (₹) | Estimated Listing Price (₹) |
|---|---|---|
| February 6 | 46 | 754 |
| February 5 | 40 | 748 |
| February 4 | 50 | 758 |
GMP fluctuates based on demand and market sentiment, so investors should track updates before making decisions.
Hexaware Technologies Business Overview
Hexaware Technologies is a global IT, BPO, and consulting services company. Founded in 1992, it was delisted from the stock market in 2020, with the promoters buying shares at ₹475 per share. Now, it’s making a comeback with its IPO.
Key Services:
- Digital Transformation – AI, cloud computing, and automation solutions
- Business Process Services – Outsourcing and customer service solutions
- Enterprise Solutions – ERP and application management
- IT Infrastructure Management – Cloud migration and cybersecurity
The company operates major offshore delivery centers in Chennai, Pune, Bengaluru, Noida, and Sri Lanka. It is also expanding into Tier-2 cities, including Ahmedabad.
Hexaware Technologies Financials
Hexaware has shown strong financial growth, with increasing revenues and profits.
| Financial Year | Revenue (₹ Crore) | Net Profit (₹ Crore) |
|---|---|---|
| FY24 | 10,380.3 | 997.6 |
| FY23 | 9,199.6 | 884.2 |
| 9M FY24 | 8,820 | 853.3 |
In 2023, revenue grew by 12.8%, and Fitch Ratings expects 10%-13% revenue growth in 2024-25. The company derives most of its revenue from banking, financial services, travel, healthcare, and manufacturing sectors.
Hexaware Technologies IPO Review
Pros:
✅ Strong financial growth and stable profit margins
✅ Leading IT services player with a global presence
✅ Consistent order wins and expansion into new markets
✅ Attractive valuation compared to industry peers
Cons:
❌ Entire IPO is an OFS, meaning no fresh capital for expansion
❌ Heavy competition from established players like Infosys and Wipro
❌ Market sentiment and IT sector trends may impact listing gains
Overall, Hexaware Technologies IPO looks promising for long-term investors, but short-term gains depend on market conditions.
Hexaware Technologies IPO Allotment
Investors can check their IPO allotment status online:
Steps to Check Allotment on KFin Technologies Website:
- Visit the KFin Technologies website
- Select Hexaware Technologies IPO from the list
- Enter PAN, Application Number, or Demat ID
- Click Submit to view allotment status
Allotment results will be finalized on February 17, 2025, and refunds for unallotted shares will be processed soon after.
FAQs on Hexaware Technologies IPO
1. What are the IPO dates for Hexaware Technologies?
The IPO opens on February 12, 2025, and closes on February 14, 2025. The allotment will be finalized on February 17, and listing is scheduled for February 19.
2. What is the price band for Hexaware Technologies IPO?
The price band is ₹674 – ₹708 per share.
3. How much is the IPO expected to raise?
The IPO size is ₹8,750 crore, consisting entirely of an Offer for Sale (OFS).
4. Who is selling shares in the OFS?
CA Magnum Holdings, a Carlyle Group subsidiary, is selling its stake in the IPO.
5. What is the lot size for retail investors?
Retail investors must apply for a minimum of 21 shares per lot, requiring an investment of ₹14,868.
6. How can I check my IPO allotment status?
You can check allotment status on the KFin Technologies website using your PAN, Demat ID, or Application Number.
7. What is the expected listing price?
Based on ₹46 GMP, the stock could list around ₹754. Some estimates suggest it may go up to ₹793.
8. Is Hexaware Technologies IPO a good investment?
The IPO looks attractive due to strong financials, global expansion, and a growing IT market. However, since it’s a pure OFS, investors should evaluate their risk appetite before investing.
Conclusion
Hexaware Technologies IPO is an exciting opportunity for investors looking to gain exposure to the IT sector. With strong revenue growth, global operations, and a solid business model, it has the potential for long-term success. However, since the IPO is an Offer for Sale, listing gains will depend on market sentiment and demand.
Investors should carefully analyze subscription numbers, GMP, and financial performance before making a final investment decision. Happy investing! 🚀