Hexaware technologies ipo, a leading global IT services firm, has created a buzz in the financial and technology circles with its proposed Initial Public Offering (IPO). Hexaware, which is counted among India’s largest mid-size IT players, is expected to make its market-defining entry with its IPO, drawing attention from institutional as well as retail investors.
I will provide you with all the important news regarding the Hexaware Technologies IPO, including the history of the company, IPO information, financial performance, and future growth prospects. Let’s proceed to the latest updates that you should know.
Hexaware Technologies IPO Details at a Glance
Here is the latest and relevant information on the Hexaware IPO at a glance, before we dive deep into analysis and forecasting. This information is subject to being updated as per SEBI filings and stock exchange announcements.
| Particulars | Specifics |
| Company Name | Hexaware Technologies Ltd. |
| Industry | Information Technology Services |
| IPO Type | Fresh Issue + Offer for Sale (OFS) |
| Expected IPO Launch | Mid-2025 (Tentative) |
| IPO Size | Approx ₹4,500 Crores |
| Face Value | ₹2 per equity share |
| Book Running Lead Managers (BRLMs) | Kotak Mahindra Capital, ICICI Securities, JM Financial |
| Stock Exchange Listing | BSE, NSE |
| Promoter Group | Baring Private Equity Asia (BPEA) |
A Brief History of Hexaware Technologies
Hexaware Technologies is a mature IT and business process outsourcing (BPO) company based in Navi Mumbai, India. Hexaware was founded in 1990 and has grown to become a global player serving Fortune 500 clients in the banking, financial services, insurance, healthcare, travel, logistics, and manufacturing sectors.
Hexaware was delisted in 2021 when Baring Private Equity Asia (BPEA) took total ownership. With Hexaware once again in the public market, the IPO marks the newest strategic milestone for the company. It is aimed to create value, acquire new investors, and increase its capital base for continued growth.
Why is Hexaware Going for the Public Listing Again?
Strategic Expansion: The IPO will generate the funds by which Hexaware can invest in cutting-edge technologies like AI, data analytics, and cloud computing.
International Expansion Drive: With the world becoming increasingly competitive, a listing gives Hexaware a bigger cash war chest to expand on a global scale.
Exit to Investor: Partial exit for Baring PE Asia is feasible to offer a succulent exit opportunity with strategic interest maintained.
What Is So Alluring About Hexaware IPO to Investors?
Investors have always sought stability, innovation, and growth possibilities in unison. Hexaware delivers them all:
Digital Focus: Hexaware is making a large bet on automation, machine learning, and cloud transformation services.
Global Reach: Having delivery centers across India, the U.S., Mexico, Poland, and the Philippines, it has a diversified business model.
Recurring Revenue: The company has multi-year contracts and annuity-based billing, with revenue visibility.
Experienced Management: Management is comprised of industry professionals who have guided Hexaware through multiple business cycles.
Risks related to the Hexaware IPO
Geopolitical Exposure: Economic instability in the world, especially from Europe and the U.S., would affect demand for outsourcing. Currency Volatility: A major chunk of the revenues is derived from overseas markets, and currency fluctuation can erode the profit margins. High Competition: The IT sector is very competitive with competitors such as TCS, Infosys, Wipro, and Tech Mahindra.
Valuation and Sentiment Expected
Analysts’ estimates of Hexaware’s IPO are in the range of ₹25,000–₹30,000 crore. Mutual fund and anchor investor appetite is said to be huge, the market grapevine suggests. Given current market sentiments and smooth regulatory clearances, the IPO would get oversubscribed.
How to Invest in Hexaware Technologies IPO
Open a Demat or trading account with brokers like Zerodha, Upstox, Groww, or ICICI Direct. Log in to your account through the web or mobile app. Go to the IPO section or ‘Invest’ tab, where current IPOs are listed. Select “Hexaware Technologies IPO” from the list of available issues. Enter the number of lots or shares you’d like to apply for. Set your bid price within the price range given or choose the cut-off price.
Confirm and submit your IPO application after ensuring that all details are correct. Authorise the mandate through UPI (if necessary) via your bank app. Ensure an adequate balance in your bank account to pay for the application amount. Check allotment status on the registrar’s website or from your broker after the allotment date.
Expert Opinions and Market Buzz
Most market pundits are optimistic about the IPO, given Hexaware’s healthy order book and technology focus. Here’s what the analysts have to say:
Motilal Oswal: “Hexaware’s focus on digital transformation and healthy U.S. client base makes it a decent mid-cap tech bet.”
ICICI Securities: “This IPO, considering financial discipline and global delivery network, can give 15-20% returns in the short term.
Wrapping Up
Hexaware Technologies’ listing has generated much excitement in the technology and investment community. Well-settled fundamentals and a future-proof digital strategy-sustained listing it is promising. Goodwill of the Company and experienced leadership also contribute to the confidence of the investors. But market forces and valuation must be studied well before investment. Retail and institutional investors are watching this listing closely.
Its digital-first approach marches in harmony with evolving tech trends in India and the world. Its upcoming DRHP will reveal more insights into its financial and strategic vision. Make sure to assess your financial goal, investment horizon, and risk appetite. An informed decision can maximize returns and avoid uncertainties. Stay acutely alert to official announcements to capitalize on the right time for investment.
FAQs
When will Hexaware Technologies go for an IPO?
The IPO can be looked forward to in mid-2025, and the date would be determined after getting SEBI and stock exchange approvals on the DRHP. Keep an eye on the official announcement.
How big is Hexaware’s IPO?
The IPO will raise around ₹4,500 crores. It is a mix of fresh issue and an Offer for Sale (OFS) by promoter Baring Private Equity Asia.
Can retail investors apply for the Hexaware IPO?
Retail investors can apply for the IPO through ASBA-enabled bank accounts or trading platforms. Kindly ensure that you have a valid Demat account and PAN with your bank.
What are the risks of investment in Hexaware Technologies IPO?
Risks include exposure to global economic cycles, intense competition in the IT sector, exchange rate volatility, and dependence on a small number of large customers for a substantial portion of revenues.
Will Hexaware get listed on BSE and NSE?
Yes, according to initial reports, Hexaware Technologies plans to list its equity shares on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
