Hexaware Technologies IPO Live
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Schedule of Hexaware Technologies
| Issue open date | 12 Feb 2025 |
| Issue close date | 14 Feb 2025 |
| UPI mandate deadline | 14 Feb 2025 (5 PM) |
| Allotment finalization | 17 Feb 2025 |
| Refund initiation | 18 Feb 2025 |
| Share credit | 18 Feb 2025 |
| Listing date | 19 Feb 2025 |
| Mandate end date | 01 Mar 2025 |
| Lock-in end date for anchor investors (50%) | 19 Mar 2025 |
| Lock-in end date for anchor investors (remaining) | 18 May 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Hexaware Technologies
Hexaware Technologies, established in 1992, provides digital and technology services with a focus on artificial intelligence (AI). The company offers services across industries including financial services, healthcare, manufacturing, banking, and travel, leveraging AI-powered platforms like RapidX, Tensai, and Amaze. The company operates globally with delivery centres in India, Sri Lanka, and other regions. The company serves a range of customers, including 31 Fortune 500 companies. Its business model focuses on AI-driven solutions for digital transformation, cloud adoption, and process automation.
Financials of Hexaware Technologies
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹8750 crores |
| Offer for Sale | ₹8750 crores |
Strengths
- The company serves six industries with tailored solutions leveraging deep domain expertise.
- It has consistently grown revenue, with four segments contributing over US$200 million in FY 2023.
- Services include AI-powered platforms for digital transformation, automation, and cloud adoption.
- The company holds 20 patents and 119 trademarks, with 45 patents pending.
- Strong relationships with 31 Fortune 500 companies.
- Operates 39 global delivery centres and 16 offices with a workforce of 32,500+ employees.
Risks
- Dependent on revenue from Americas and Europe, exposing the company to economic changes in these regions.
- Difficulty in attracting and retaining skilled professionals may impact growth and profitability.
- Reduction in outsourcing budgets or IT spending may reduce demand for services.
- No proceeds from the Offer will be received by the company, as all proceeds go to the Promoter Selling Shareholder.
- Vulnerability to cyber-attacks and hacking, risking system damage and exposure of sensitive information.
- Anti-outsourcing legislation could hinder the company’s ability to compete and service customers.
Allotment Status for Hexaware Technologies
To check your allotment status – click here.
Subscription Figures for Hexaware Technologies
Subscription numbers as of 5:00 PM on 12 Feb 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 256.97 | 10.25 | 0.04x |
| HNI (₹2L+) | 192.72 | 2.47 | 0.01x |
| Retail (upto ₹2L) | 449.70 | 16.47 | 0.04x |
| Employees | 14.82 | 1.57 | 0.11x |
| Total | 914.23 | 30.78 | 0.03x |