Hexaware Technologies Limited - IPO
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Hexaware Technologies IPO Details
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Hexaware Technologies IPO Application Wise Breakup (Approx)
Hexaware Technologies IPO Dates
- 12 Feb 2025Opening dateOPD
- 14 Feb 2025Closing dateCOD
- 17 Feb 2025Basis of AllotmentBOA
- 18 Feb 2025Initiation of RefundsIOR
- 18 Feb 2025Credit of SharesCOS
- 19 Feb 2025Listing dateLID
Hexaware Technologies IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 21 | ₹14,868 |
| Retain Maximum | 13 | 273 | ₹193,284 |
| SHNI Minimum | 14 | 294 | ₹208,152 |
| SHNI Maximum | 67 | 1407 | ₹996,156 |
| BHNI Minimum | 68 | 1428 | ₹1,011,024 |
Hexaware Technologies IPO Reservation
Promoter Holding
Hexaware Technologies IPO Valuations
Hexaware Technologies Limited Financial Information
| Period Ended | 30 Sep 2024 | 31 Dec 2023 | 30 Sep 2023 | 31 Dec 2022 | 31 Dec 2021 | |||||||||||||||||||||||||||||||||||||||||||||
| Assets | 8,594.2 | 7,202.1 | 7,021.2 | 6,514 | 5,673.5 | |||||||||||||||||||||||||||||||||||||||||||||
| Revenue | 8,871.3 | 10,389.1 | 7,763.1 | 9,378.8 | 7,244.6 | |||||||||||||||||||||||||||||||||||||||||||||
| Profit After Tax | 853.3 | 997.6 | 804.8 | 884.2 | 748.8 | |||||||||||||||||||||||||||||||||||||||||||||
| Net Worth | 4,876 | 4,230.9 | 4,294 | 3,778.1 | 3,503.7 | |||||||||||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 4,816.7 | 4,171.6 | 4,234.7 | 3,719.1 | 3,444.8 | |||||||||||||||||||||||||||||||||||||||||||||
| Total Borrowing | 82.7 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||||||||||||
About Hexaware Technologies IPO
Incorporated in 1992, Hexaware Technologies Limited is engaged in the business of global digital and technology services with artificial intelligence.
The company uses technology to offer innovative solutions, integrating AI to help customers adapt, innovate, and improve in the AI-driven world.
The company has major offshore delivery centers in India (Chennai, Pune, Bengaluru, Noida, etc.) and Sri Lanka. It plans expansion into Tier 2 cities and aims to open new centers in Ahmedabad.
As of September 30, 2024, the company has a global delivery presence with 39 centers and 16 offices across the Americas, Europe, and APAC.
Business Segment: The company provides services in its operating segments across six industries Financial Services, Healthcare & and; Insurance, Manufacturing & and; Consumer, Hi-Tech & and; Professional Services, Banking, and Travel & and Transportation.
Platforms: The company offers services through AI-powered platforms like RapidX™ for digital transformation, Tensai® for automation, and Amaze® for cloud adoption, serving customers globally across multiple regions.
Services:
- Design & Build: The company helps customers drive digital transformation by integrating technologies across products and services, focusing on new product launches, software development, and enhancing ERP systems to improve time to market and productivity.
- Secure & Run: The company secures, manages, and optimizes IT operations across applications, middleware, data, devices, and hybrid infrastructure for customers.
- Data & AI: The company creates robust data foundations for customers, enabling sustainable data value creation. Using AI and ML technologies, it transforms data into actionable insights, enhancing agility and trust in business decisions.
- Optimize: The company’s Gen AI-powered business process services enable personalized interactions, automation, analytics, and talent management across various industries.
- Cloud Services: The company’s Cloud Services serve as the foundation, leveraging cloud capabilities across all service lines for enhanced offerings.
As of September 30, 2024, the company has 32,536 employees, of which 30,171 are full-time employees and 2,365 are contracted employees.
Competitive Strength:
- Deep domain expertise delivered through comprehensive solutions across industries
- AI-led digital capabilities and platforms built in-house with innovation as a strategic pillar
- Long-term and embedded relationships with diversified blue-chip customer base
- Go-to-market strategy focused on customer acquisition and expansion
- Global, scalable, flexible delivery model with a certified and skilled talent pool
- Experienced and tenured leadership driving a people-first and thriving organizational culture
- Track record of growth and cash generation
Strength Of Hexaware Technologies IPO
1. Deep domain expertise delivered through comprehensive solutions across industries.
2. AI-led digital capabilities and platforms built in-house with innovation as a strategic pillar.
3. Long-term and embedded relationships with diversified blue-chip customer base.
4. Go-to-market strategy focused on customer acquisition and expansion.
5. Global, scalable, flexible delivery model with a certified and skilled talent pool.
6. Experienced and tenured leadership driving a people-first and thriving organizational culture.
7. Track record of growth and cash generation.
Risk Of Hexaware Technologies IPO
1. The company derived 73.4% and 71.5% of its revenue from operations from the Americas and 20.5% and 22.1% of its revenue from operations from Europe for the nine months ended September 30, 2024 and the Financial Year 2023, respectively. Any adverse changes in economic conditions that negatively affect the economic health of the geographies and markets in which the company has a presence could affect its business, financial condition and results of operations.
2. The company derived 28.3% and 21.2% of its revenue from operations for the nine months ended September 30, 2024 and 27.2% and 21.7% of its revenue from operations for the Financial Year 2023 from the company customers in the `Financial Services' and `Healthcare and Insurance' operating segments, respectively. Any factors that negatively affect these operating segments could affect its business, financial condition and results of operations.
3. Its business depends on the company ability to attract and retain highly skilled professionals. If the company fails to attract, retain, train and optimally utilize these professionals, its business may be unable to grow and the company results of operations and profitability could decline.
4. A reduction in the outsourcing budgets by its existing and prospective customers could affect the company pricing and volume of work.
5. The Company will not receive any proceeds from the Offer.
6. Its results of operations may suffer if the company is not able to improve or maintain its resource utilization or employee productivity levels.
7. The company employee benefits expense and subcontracting charges accounted for 83.7% of its total expenses for the nine months ended September 30, 2024, and 84.5% of the company total expenses for the Financial Year 2023. An increase in employee and subcontractor costs, including on account of changes in regulations, may prevent it from maintaining the company competitive advantage and may reduce its profitability.
8. A significant portion of its revenue from operations is attributable to certain top customers, and often the company is not their exclusive IT services provider. If its cannot maintain and expand the company existing customer base, its business, financial condition and results of operations may be adversely affected.
9. Foreign exchange-related risk could adversely affect its business.
10. The company is vulnerable to cyber-attacks, computer viruses, ransomware and electronic break-ins which could disrupt its operations and have a material adverse effect on the company business, financial performance and results of operations.
Objectives Hexaware Technologies IPO
To be announced
Company Contact Details
Hexaware Technologies Limited
152, Millennium Business Park,
Sector III, ‘A’ Block, TTC Industrial Area,
Mahape, Navi Mumbai, 400 710
Phone: +91 223326 8585
Email: investori@hexaware.com
Website: http://www.hexaware.com/
Registrar Contact Details
Lead Mangers
Kotak Mahindra Capital Company Limited
J.P. Morgan India Private Limited
Citigroup Global Markets India Private Limited
Hsbc Securities & Capital Markets Pvt Ltd
Iifl Securities Ltd