Hexaware Technologies Limited, 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.
Issue size
| Funds to be Raised in the IPO | Amount |
|---|---|
| Overall | ₹8,750.00 crores |
| Fresh Issue | - |
| Offer for sale | ₹8,750.00 crores |
The utilisation of proceeds:
The proceeds from the Offer will be received by the Promoter Selling Shareholder, as the Company will not receive any proceeds from the Offer.
Financial Snapshot
| Financial Year Ended | December 2022 | September 2023 | December 2023 | September 2024 |
|---|---|---|---|---|
| Total Assets | 6,514 | 7,021.2 | 7,202.1 | 8,594.2 |
| Revenue | 9,378.8 | 7,763.1 | 10,389.1 | 8,871.3 |
| Profit After Tax | 884.2 | 804.8 | 997.6 | 853.3 |
*All figures are in ₹ 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.
Risk factors
- 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.
IPO Schedule
| Issue Period | 12 February to 14 February 2025 |
|---|---|
| Price band | ₹674 - ₹708 |
| Minimum Bid quantity | 21 shares |
| UPI Mandate Deadline | 5 PM, 14 February 2025 |
| Allotment Finalization | 17 February 2025 |
| Refund Initiation | 18 February 2025 |
| Share Credit | 18 February 2025 |
| Listing Date | 19 February 2025 |
| Mandate end date | 01 March 2025 |
| Lock-In End Date for Anchor Investors (50%) | 19 March 2025 |
| Lock-In End Date for Anchor Investors (Remaining) | 18 May 2025 |
Allotment Status for Hexaware Technologies Limited IPO
To check your allotment status - click here.