Hexaware Technologies Limited – Globe Capital Market LTD.
Hexaware Technologies Limited
Closed
Price Band
₹674 to ₹708 per share
IPO Issue Period
February 12, 2025 to February 14, 2025
Issue Size
₹8,750.00 Cr
Face value
₹1 per share
Fresh issue
NIL
Offer for sale
₹8,750.00 Cr
Minimum Shares for Retail
21 Shares
Listing on
BSE, NSE
Issue Type
Book Built Issue IPO
Registrar to the Issue
Kfin Technologies Limited
Tentative Listing Date
Wednesday, February 19, 2025
QIB
50%
NII
15%
Retail
35%

Kotak Mahindra Capital Company Limited
Citigroup Global Markets India Private Limited
J.P. Morgan India Private Limited
Hsbc Securities & Capital Markets Pvt Ltd
Iifl Securities Ltd

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. 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.

For the year/period ended (Rs. in Cr.)

Dec 23 Dec 22 Dec 21
Total Revenue 10389.1 9378.8 7244.6
Profit After Tax 997.6 884.2 748.8
EPS 16.45 14.65 12.43
OPM (%) 16.20% 15.90% 19.00%
PATM (%) 9.6% 9.6% 10.4%

 

For year/ period ended ( in Cr.)

Company Name Market Cap (Cr.) Price P/BV P/E Sales (Cr.)
FY24
Net Profits(Cr.)
FY24
Hexaware Technology  Limited 43,024.8 708 10.15 43.03 10389.1 997.6
Coforge Ltd. 56,263.68 8,413.50 9.02 72.64 9,179.00 835.6
Mphasis Ltd. 52,913.33 2,785.85 5.82 32.09 13,278.52 1,554.82
Persistent Systems Ltd. 92,323.71 5,993.10 15.55 69.96 9,821.59 1,093.49

*Market cap @upper band

 

  • Deep domain expertise delivered through comprehensive solutions across industries
  • The Company serves a diverse range of customers, including 31 of the Fortune 500 organizations.
  • It is focused on developing relationships with new customers across the Americas, Europe and APAC through collaborative engagement.
  • It has a global delivery presence, which allows us to provide innovative solutions to our customers in a flexible and cost-effective manner, by leveraging platforms through our talent pool and an efficient onshore offshore service delivery mix.
  • It track record of robust revenue growth, improving margins, and strong cash generation positions us well for continued success and underscores our commitment to delivering value to our stakeholders.

The Company will not receive any proceeds from the Offer for Sale.

The Company is one of the leading players in AI-enabled digital solutions provider from India. It marked steady growth in its top and bottom lines for the reported periods. It has evolved growing set of offerings in the last decade and is thus enjoying prime place in innovative solutions globally. Hence, investor may subscribe for medium to long term perspective.

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