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TCS, HDFCBANK, SBI Liquid Fund (G)
Hexaware Technologies Ltd.

HEXT

Equity

BSE,NSE

Min. Investment

6,74,000.00

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IPO Details

Bidding Dates

12 Feb 25 - 14 Feb 25

Price Range ₹

674 - 708

Total Equity

6472.77Cr

Lot Size

21

Exchange Status

BSE,NSE

IPO Doc

Subscription Rate

Non-Institutional Investor

0.11×

Qualified Institutional Buyers

9.09×

Employees

0.32×

Retail Investors

0.11×

Total subscription Rate

2.66×

IPO Timeline

Offer start

12 Feb 2025

Offer end

14 Feb 2025

Allotment

17 Feb 2025

Refund initiation

18 Feb 2025

Demat transfer

18 Feb 2025

Listing

19 Feb 2025

About Company

Incorporated in 1992, Hexaware Technologies Limited is a global provider of digital and technology services, specializing in artificial intelligence-driven solutions. The company leverages technology and AI to help customers adapt, innovate, and enhance their operations in an AI-powered world. Hexaware operates major offshore delivery centers in India, including Chennai, Pune, Bengaluru, and Noida, as well as in Sri Lanka. It is expanding into Tier 2 cities and plans to establish new centers in Ahmedabad. As of September 30, 2024, the company has a global presence with 39 delivery centers and 16 offices across the Americas, Europe, and the Asia-Pacific region. Business segments: Hexaware offers services across six key industries: - financial services - healthcare and insurance - manufacturing and consumer - hi-tech and professional services - banking - travel and transportation Platforms: The company delivers solutions through AI-powered platforms, including: - RapidX™ for digital transformation - Tensai® for automation - Amaze® for cloud adoption Services: - design and build – enabling digital transformation by integrating technologies across products and services, focusing on new product launches, software development, and ERP enhancements to improve time to market and productivity - secure and run – securing, managing, and optimizing IT operations across applications, middleware, data, devices, and hybrid infrastructure - data and AI – building strong data foundations for businesses, using AI and machine learning to turn data into actionable insights that enhance agility and decision-making - optimize – providing AI-driven business process services, including personalized interactions, automation, analytics, and talent management across industries - cloud services – leveraging cloud technology to enhance service delivery across all business areas As of September 30, 2024, Hexaware Technologies employs 32,536 people, including 30,171 full-time employees and 2,365 contracted staff.

Year Founded

20-11-1992

Promotor Details

Joseph McLaren Quinlan

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage95.0374.68
Share Capital577604202453988884

Offer to Public

9,14,23,354.00 Cr

Project Details

  • None - Nonecr

Highlights

  • With 39 delivery centers, 16 offices, and partnerships with 31 Fortune 500 companies, the company has a strong international footprint and customer base.
  • It holds 20 patents and 119 trademarks, with 45 patents pending, demonstrating its commitment to innovation and technological leadership.
  • The company offers AI-powered platforms for digital transformation, automation, and cloud adoption, enhancing efficiency and innovation.
  • It has consistently increased revenue, with four business segments each generating over US$200 million in FY 2023.
  • The company provides tailored solutions across six industries, leveraging deep domain knowledge to meet specific business needs.

Challenges

  • The company's heavy dependence on the Americas and Europe makes it vulnerable to economic fluctuations and policy changes in these regions.
  • Difficulty in attracting and retaining skilled professionals could impact growth, service quality, and overall profitability.
  • A reduction in outsourcing budgets or IT spending by clients may lead to lower demand for the company's services.
  • The company will not receive any proceeds from the offer, as all funds will go to the promoter selling shareholder.
  • The company is exposed to cyber-attacks and data breaches, which could lead to operational disruptions and the leakage of sensitive information.

Financials

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
202154,630.00603.003,791.353,791.356.3216
202262,537.00604.005,834.635,834.639.8107
202369,294.00607.0026,08,09,856.0032,88,59,100.000.7268
202049,450.47600.661,075.891,075.891.8524
201940,250.20596.773,276.473,276.475.5244
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