{"id":52171,"date":"2025-02-10T12:45:52","date_gmt":"2025-02-10T07:15:52","guid":{"rendered":"https:\/\/www.equentis.com\/blog\/?p=52171"},"modified":"2025-11-07T14:08:17","modified_gmt":"2025-11-07T08:38:17","slug":"8750-cr-hexaware-ipo-gmp-financials-swot","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/8750-cr-hexaware-ipo-gmp-financials-swot\/","title":{"rendered":"\u20b98,750 Cr Hexaware IPO: Detailed Look at Issue Price, GMP, Financials &amp; SWOT"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\n<p><\/p>\n\n\n\n<p>Hexaware Technologies Ltd is set to enter the <a href=\"https:\/\/www.equentis.com\/blog\/what-is-stock-market-and-how-it-works\/\">stock market<\/a> with its much-anticipated \u20b98,750 crore <a href=\"https:\/\/www.equentis.com\/blog\/types-of-ipos\/\">initial public offering<\/a> (IPO). Backed by private equity giant Carlyle Group, this IPO isn\u2019t just another public issue\u2014it\u2019s the biggest offering in India\u2019s IT services sector since Tata Consultancy Services\u2019 \u20b94,700 crore IPO over two decades ago. <\/p>\n\n\n\n<p>The excitement is already building, with shares trading at a premium in the grey market, signaling strong investor interest. With a solid track record and a growing <a href=\"https:\/\/www.equentis.com\/blog\/key-global-events-that-can-influence-the-stock-market-this-week-3\/\">global<\/a> presence, Hexaware\u2019s <a class=\"wpil_keyword_link\" href=\"https:\/\/www.equentis.com\/ipos\" title=\"IPO\" link=\"linked\" id=\"197\">IPO<\/a> is one to watch. Let\u2019s look into the details and see what it has to offer.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-large-font-size\"><strong>IPO Details&nbsp;<\/strong><\/h2>\n\n\n\n<p>The issue is entirely an offer for the sale of 12.36 crore shares. The <a class=\"wpil_keyword_link\" href=\"https:\/\/www.equentis.com\/ipos\" title=\"IPO\" link=\"linked\" id=\"476\">IPO<\/a> of Hexaware Technologies will open for public subscription on Wednesday, February 12, and conclude on Friday, February 14.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>Offer Price<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b9674 to \u20b9708 per share<\/td><\/tr><tr><td>Face Value<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b91 per share<\/td><\/tr><tr><td>Opening Date<\/td><td class=\"has-text-align-center\" data-align=\"center\">12 February 2025<\/td><\/tr><tr><td>Closing Date<\/td><td class=\"has-text-align-center\" data-align=\"center\">14 February 2025<\/td><\/tr><tr><td>Total Issue Size (in Shares)<\/td><td class=\"has-text-align-center\" data-align=\"center\">12,35,87,570<\/td><\/tr><tr><td>Total Issue Size (in \u20b9)<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b98,750.00 Cr<\/td><\/tr><tr><td>Issue Type&nbsp;<\/td><td class=\"has-text-align-center\" data-align=\"center\">Book Built Issue IPO<\/td><\/tr><tr><td>Lot Size<\/td><td class=\"has-text-align-center\" data-align=\"center\">21 Shares<\/td><\/tr><tr><td>Listing at<\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.equentis.com\/blog\/explore-bombay-stock-exchange-what-is-bse-advantages-of-listing-and-investment-methods\/\">BSE<\/a>, <a href=\"https:\/\/www.equentis.com\/blog\/national-stock-exchange-of-india-functions-features-and-top-companies\/\">NSE<\/a><\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><strong>Source: <\/strong><a href=\"https:\/\/www.sebi.gov.in\/filings\/public-issues\/sep-2024\/hexaware-technologies-limited-drhp_86673.html\" target=\"_blank\" rel=\"noopener\"><strong>SEBI<\/strong><\/a><\/figcaption><\/figure>\n\n\n\n<p>The bidding for anchor investors will open for a day on Tuesday, February 11, as per the company\u2019s announcement. The company has been valued at over Rs 43,000 crore at the upper end of the price band. The initial share sale of the Mumbai-headquartered company is a complete Offer-for-Sale (OFS) of Rs 8,750 crore by promoter CA Magnum Holdings, part of Carlyle Group. The minimum lot size for an application is 21 shares.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-large-font-size\"><strong>Allocation of Shares<\/strong><\/h2>\n\n\n\n<p>Investors can bid for a <strong>minimum of 21 shares<\/strong> and in multiples thereafter. Below are the <strong>investment requirements<\/strong> for different categories:\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Investor Category<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Lots<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Shares<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Investment Amount<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Retail (Min)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>1<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>21<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>\u20b914,868<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Retail (Max)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>13<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>273<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>\u20b91,93,284<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>S-HNI (Min)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>14<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>294<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>\u20b92,08,152<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>S-HNI (Max)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>67<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>1,407<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>\u20b99,96,156<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>B-HNI (Min)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>68<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>1,428<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>\u20b910,11,024<\/strong><\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><strong>Source: <\/strong><a href=\"https:\/\/www.sebi.gov.in\/filings\/public-issues\/sep-2024\/hexaware-technologies-limited-drhp_86673.html\" target=\"_blank\" rel=\"noopener\"><strong>SEBI<\/strong><\/a><\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>50%<\/strong> of the issue size is reserved for <strong>Qualified Institutional Buyers (QIBs)<\/strong>.<\/li>\n\n\n\n<li><strong>35%<\/strong> is reserved for <strong>Retail Investors<\/strong>.<\/li>\n\n\n\n<li><strong>15%<\/strong> is reserved for <strong>Non-Institutional Investors (HNIs)<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading has-large-font-size\"><strong>GMP (Grey Market Premium) Update<\/strong><\/h2>\n\n\n\n<p><span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">In the grey market, Hexaware Technologies&#8217; shares are\u00a0trading at a premium of \u20b911. Given the\u00a0IPO price band of \u20b9708, the\u00a0<strong>expected listing price is \u20b9719<\/strong>, reflecting a\u00a0<strong>potential 1.55% gain<\/strong>. GMP fluctuations indicate investor sentiment but do not guarantee actual listing performance.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\"><strong>Company Overview<\/strong><\/h3>\n\n\n\n<p>Hexaware Technologies is a global digital and technology services company with artificial intelligence (AI) at its core. It serves a diverse range of customers, including 31 Fortune 500 organizations, spanning the Americas, Europe, and Asia-Pacific (including India and the Middle East).\u00a0<\/p>\n\n\n\n<p>The company operates through six business segments: <a href=\"https:\/\/www.equentis.com\/blog\/what-is-financial-advisory-complete-guide\/\">financial services<\/a>, healthcare and insurance, manufacturing and consumer, hi-tech and professional services, banking, travel, and transportation. Its IT service offerings cover five broad areas: Design and build, Secure and run, Data and AI, Optimize, and Cloud Services. The company delivers services through AI-enabled digital platforms, such as Rapid for digital transformation, Tensai for AI-powered automation, and Amaze for cloud adoption.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXeiLPh4YgoUwZEgbNj-nY2sGFeTHxJSyDGBlNbILs2h2ngWvyBPrYxaFCu0UjweKqRHgR_V4os3QTBLmNrKerYj6YmzJeSVWyQf6gE3rDu1AvQ97PaLW-UcDfr3eT6ZrZN05_Lcbw?key=6SQADumDP7ySM6_CbiaqYs7f\" alt=\"\" style=\"width:578px;height:auto\" title=\"\"><figcaption class=\"wp-element-caption\"><strong>Source: <\/strong><a href=\"https:\/\/www.sebi.gov.in\/filings\/public-issues\/sep-2024\/hexaware-technologies-limited-drhp_86673.html\" target=\"_blank\" rel=\"noopener\"><strong>SEBI<\/strong><\/a><\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>Hexaware&#8217;s previous promoter, Baring Private Equity Asia, delisted the company in 2020. Nearly a year after the delisting, Carlyle Group acquired Baring Private Equity Asia&#8217;s stake in October 2021. For the nine months ended September 2024, the company&#8217;s net profit stood at Rs 853.3 crore, with revenues at Rs 8,820 crore. The company has reserved half of the issue size for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\"><strong>Financial Strength<\/strong><\/h3>\n\n\n\n<p>Hexaware Technologies Limited has shown consistent financial growth, increasing assets, revenue, and profitability. As of September 30, 2024, the company\u2019s total assets stood at \u20b98,594.2 crore, significantly rising from \u20b97,202.1 crore in December 2023 and \u20b95,673.5 crore in December 2021.<\/p>\n\n\n\n<p>Revenue has also seen a steady increase, reaching \u20b98,871.3 crore for the first nine months of 2024, following \u20b910,389.1 crore in FY23, \u20b99,378.8 crore in FY22, and \u20b97,244.6 crore in FY21. The company\u2019s profit after <a href=\"https:\/\/www.equentis.com\/blog\/income-tax-concepts-the-ultimate-guide\/\">tax<\/a> (PAT) stood at \u20b9853.3 crore as of September 2024, compared to \u20b9997.6 crore in FY23 and \u20b9884.2 crore in FY22, reflecting stable profitability. The company has demonstrated strong financial health and consistent expansion, positioning itself well for future growth.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXekDHa_tuQAXXMPpYjaDwN55PfkW95VAksaKvcFU-XwBwc0TJieUZOtQ2r8xQpuoawkqrSxbHrQ-Tgll3vlOwMI2ZZqW_1goHBY56d-8RU_9TfvjcdLhb9p1M_75GBqrTl90ccL-A?key=6SQADumDP7ySM6_CbiaqYs7f\" alt=\"\" style=\"width:588px;height:auto\" title=\"\"><figcaption class=\"wp-element-caption\"><strong>Source: <\/strong><a href=\"https:\/\/www.sebi.gov.in\/filings\/public-issues\/sep-2024\/hexaware-technologies-limited-drhp_86673.html\" target=\"_blank\" rel=\"noopener\"><strong>SEBI<\/strong><\/a><\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-large-font-size\"><strong>SWOT Analysis<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>STRENGTHS<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>WEAKNESSES<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Established IT player with global clientele, including 31 Fortune 500 companies.<br><br>Strong financial performance with consistent revenue and profit growth.<br><br>AI-driven service offerings position it as an industry innovator.<br><br>Diverse industry presence across BFSI, Healthcare, Manufacturing, and more.<\/td><td class=\"has-text-align-center\" data-align=\"center\">High dependence on large clients could impact revenue if key clients leave.<br><br>Limited IPO proceeds for expansion since this is an <strong>Offer for Sale (OFS)<\/strong>.<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>OPPORTUNITIES<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>THREATS<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Growing demand for AI-driven IT services in digital transformation and cloud computing.<br><br>Expansion in untapped global markets, including emerging economies.<br><br>Increased IT spending by enterprises, boosting demand for Hexaware\u2019s solutions.<\/td><td class=\"has-text-align-center\" data-align=\"center\">Intense competition from major IT firms like TCS, Infosys, and <a href=\"https:\/\/www.equentis.com\/blog\/stocks-to-watch-wipro-diamond-power-set-for-ex-date-on-december-3-2024\/\">Wipro<\/a>.<br><br>Global economic uncertainty affecting IT budgets and outsourcing demand.<br><br>Regulatory challenges and cybersecurity risks in digital transformation projects.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong><strong>Conclusion<\/strong><\/strong><\/p>\n\n\n\n<p>In conclusion, Hexaware Technologies\u2019 \u20b98,750 crore IPO represents a significant milestone in India\u2019s IT services sector. With a strong financial track record, cutting-edge AI-driven services, and a broad global presence, Hexaware may be poised for promising growth in the rapidly evolving tech landscape. <\/p>\n\n\n\n<p>However, potential investors must consider the risks, including reliance on large clients and the competitive nature of the industry. Despite these challenges, the IPO\u2019s strong grey market premium and strategic positioning suggest that Hexaware\u2019s public debut is one to watch closely. As the company continues to innovate and expand, its IPO could be a key opportunity for investors seeking exposure to the booming IT services sector.<\/p>\n\n\n\n<p class=\"has-white-color has-text-color has-background has-link-color has-medium-font-size wp-elements-c798b500b56f80a785d9750ff5d36ddb\" style=\"background-color:#092765\">Other IPO Resources: <a href=\"https:\/\/www.equentis.com\/ipos\">IPO<\/a>\u00a0|\u00a0<a href=\"https:\/\/www.equentis.com\/ipos\/current-new-ipos\">Current IPO\u00a0<\/a>|\u00a0<a href=\"https:\/\/www.equentis.com\/ipos\/upcoming-ipos\">Upcoming IPO\u00a0<\/a>|\u00a0<a href=\"https:\/\/www.equentis.com\/ipos\/listed-ipos\">Listed IPO<\/a> <\/p>\n\n\n<div class=\"crp-list-container\"><h3 class=\"crp-list-title\">Related Posts<\/h3><ul class=\"crp-list\"><li class=\"crp-list-item crp-list-item-image-left crp-list-item-has-image\"><div class=\"crp-list-item-image\"><a href=\"https:\/\/www.equentis.com\/blog\/gold-rises-to-85300-whats-pushing-prices-up\/\"><img decoding=\"async\" style=\"max-width: 50px; 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This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis \u2013 Research &amp; Ranking. We will not be liable for any losses that may occur. <a href=\"https:\/\/www.equentis.com\/blog\/mukul-agrawal-portfolio-shareholdings-investments-all-you-need-to-know\/\">Investments<\/a> in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by <a href=\"https:\/\/www.equentis.com\/blog\/sebi-registered-investment-advisor-meaning-eligibility\/\">SEBI<\/a>, membership of BASL &amp; certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hexaware Technologies Ltd is all set to make a grand entry into the stock market with its much-anticipated \u20b98,750 crore initial public offering (IPO). Backed by private equity giant Carlyle Group, this IPO isn\u2019t just another public issue\u2014it\u2019s the biggest offering in India\u2019s IT services sector since Tata Consultancy Services\u2019 \u20b94,700 crore IPO over two decades ago. The excitement is already building, with shares trading at a premium in the grey market, signaling strong investor interest. With a solid track record and a growing global presence, Hexaware\u2019s IPO is one to watch. Let\u2019s look into the details and see what it has to offer.<\/p>\n","protected":false},"author":5,"featured_media":52173,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[948,553],"tags":[],"class_list":["post-52171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-market-news","category-investing-ipo"],"_links":{"self":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/52171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/comments?post=52171"}],"version-history":[{"count":14,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/52171\/revisions"}],"predecessor-version":[{"id":62671,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/52171\/revisions\/62671"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media\/52173"}],"wp:attachment":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media?parent=52171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/categories?post=52171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/tags?post=52171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}