As an investor, deciding whether the IPO is Good or Bad to invest in can often be challenging. If you are confused and worried about whether to Apply or Not in the Hexaware Technologies IPO. Then worry not here we are describing 10 important key points & in-depth detailed Hexaware Technologies review and analysis which will help you to make the decision.
Strengths and Weaknesses of Hexaware Technologies
Strengths:
- Hexaware Technologies has established itself with expertise in providing a wide range of services & solutions to 6 different industries including Financial Services, Healthcare and Insurance, Manufacturing and Consumer, Hi-Tech and Professional Services, Banking, and Travel and Transportation.
- Currently, the company focuses on maintaining and building relationships with new customers covering countries like America, Europe, and APAC with the help of a Go-to-market strategy.
- The company has grown its business by having a global delivery presence that allows it to offer innovative products globally to customers flexibly and cost-effectively.
Weaknesses:
- From the six months that ended June 30, 2024, the Company generated a revenue of 73.3% and 71.5% from operations in America and 20.5% and 22.1% of revenue generated from Europe. Any changes in the economic conditions in these regions can negatively affect the financial condition, growth, and overall condition of the company.
- Hexaware Technologies company is expanding due to its ability to keep and hire highly skilled professionals. If they fail to keep, hire, or properly train those professionals may affect the business’s growth negatively affect their business.
- If unable to improve or maintain the utilization of resources or unable to improve the productivity level of employees may affect the business’s financial growth.
- Most of the company’s revenue in 2024 and 2023, was generated from Financial Services and Healthcare & Insurance. Any ups or downs that occur in these sectors could negatively affect the business and its financial performance.
Hexaware Technologies Details
| IPO Size | ₹8,750.00 crores |
| Offer-for-sale | Up to 12,35,87,570 equity shares |
| Fresh issue | – |
| Price band | ₹674 to ₹708 |
| Subscription | Opens on February 12, 2025, and close date is on February 14, 2025 |
| Purpose of IPO | Offer-for-Sale |
1. Hexaware Technologies Open and closing date?
Hexaware Technologies IPO will be open for subscription on February 12, 2025, and the IPO will close on February 14, 2025.
2. What is the size of the Hexaware Technologies?
Hexaware Technologies planned to raise funds around ₹8,750.00 crores via IPO. This IPO comprises entirely an offer-for-sale component for up to 12,35,87,570 equity shares with a face value of ₹1 each.
3. What are the subscription details of Hexaware Technologies?
The price range of Hexaware Technologies is set as ₹674 to ₹708 per share. In this IPO a total of 21 shares were available in 1 lot size for the minimum Retail category and for the maximum retail category, 273 shares in 13 lot sizes were available, for the S-HNI Minimum category 294 shares were available in the 14 lot sizes. While for the B-HNI Minimum category 1,428 shares were available in 68 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,868 and maximum investment of ₹1,93,284.
- Small HNI (S-HNI): Minimum investment of ₹2,08,152.
- Big HSI (S-HNI): A minimum investment of ₹10,11,024 is required.
4. What is the Hexaware Technologies listing Date?
Hexaware Technologies is a Mainboard IPO shares that will be listed on February 19, 2025, on the BSE (Bombay Stock Exchange) & NSE (National Stock Exchange).
5. What are the objectives of the Hexaware Technologies Issue?
The main objective behind raising funds through this IPO is to get listed on the stock exchange and enhance the brand’s visibility. The company will handle the expenses of listing fees, statutory audit fees, and routine corporate advertisements through raising funds.
6. About Hexaware Technologies
Incorporated in 1990, Hexaware company is one of the growing digital and technology services AI (Artificial Intelligence) focused companies. They provide a wide range of AI platforms and tools especially curated for the customers to transform their digital journey for the better. The company primarily serves its AI tools to 6 different industries including Financial Services, Healthcare and Insurance, Manufacturing and Consumer, Hi-Tech and Professional Services, Banking, and Travel and Transportation. Currently, the company has around 38 delivery spots as well as 16 offices in the Americas, Europe, and APAC regions. As of September 30, 2024, the company comprises an exceptional team of 32,536 315 employees in 28 countries.
7. Hexaware Technologies Financials
The company reported revenue of ₹10,389.10 crores in December 2023 against ₹9,378.8 crore in December 2022. The company reported a profit of ₹997.6 crores in December 2023 against a profit of ₹884.2 crores in December 2022.
8. Hexaware Technologies Promoters
The promoters of the company are CA Magnum Holdings.
9. Who are the Hexaware Technologies Lead Managers and Registrar?
Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, HSBC Securities and Capital Markets (India) Private Limited, and IIFL Securities Limited are the lead managers of Hexaware Technologies while KFin Technologies Limited is the registrar of the company.
10. What are the Strategies of Hexaware Technologies, Should you Apply or not for this IPO?
Let’s first look at what are some of the strategies the company is planning to apply shortly.
- Hexaware Technologies is renowned for offering a wide range of AI-led solutions and is planning to expand its business into better by continually improving its solutions and platforms to expand its business into better ones.
- To attract more use of its services and solutions, they are planning to deepen and expand its relationships with existing customers.
- They are constantly planning to gain new customers across our sectors with the help of our services and the growing usage of AI.
- Soon, the company is also hoping to expand its business into new regions and industries strategically.
- The business mostly runs with sales and delivery strategies, in the future, they are planning to use a cross-functional approach to enhance margins.
Hexaware Technologies helps various customers across industries to enhance their technology and business processes. The company has won various awards like ISG Star of Excellence™ wins from 2022 to 2024, as well as established the honor of being one of the best top 25 IT companies by brand finance. They have also won the 2024 OnCon Icon Top 50 Technology 318 Team Award and the 2024 Partner Excellence Award from Guidewire. In the Fiscal year 2024, Hexaware Technologies has generated a revenue of ₹88,200 million from operations. If you are wondering whether Hexaware Technologies IPO is a good investment? I hope through the above in-depth review and analysis, investors can decide whether they should invest in this IPO or not. It is crucial to first do a background check on the company’s financial growth, condition, revenue, cash flow, etc. before investing your money. For any more updates or queries, you can easily contact the IPOwatch team, we will be more than happy to provide you any guidance.
