Hexaware Technologies IPO: Comprehensive Guide for Investors
10 February 2025 · Sachin Gadekar
At TapBonds.com, we strive to keep our readers informed about the latest investment opportunities. The upcoming Hexaware Technologies IPO has garnered significant attention in the market. In this article, we'll delve into the key aspects of this IPO, including important dates, price band, company overview, and more.
Hexaware Technologies IPO Details
Hexaware Technologies Limited IPO Subscription Status – Day 1 (February 12, 2025, EOD)
As of 5:04:52 PM on Wednesday, February 12, 2025, Hexaware Technologies Limited IPO was subscribed 0.04 times, according to BSE data. The retail investor and Qualified Institutional Buyers (QIB) categories recorded a subscription of 0.04 times, while Non-Institutional Investors (NII) subscribed 0.01 times.
IPO Details:
IPO Dates: February 12, 2025 – February 14, 2025
Price Band: ₹674 to ₹708 per share
Lot Size: 21 shares
Minimum Investment: ₹14,868
Issue Size: ₹8,750 crore
Offer for Sale: 12.36 crore shares
Listing Date: February 19, 2025 (Tentative)
Listing Exchanges: BSE and NSE
Company Overview
Incorporated in 1992, Hexaware Technologies Limited is a global leader in digital and technology services, emphasizing artificial intelligence (AI). The company offers innovative solutions across various sectors, including Financial Services, Healthcare & Insurance, Manufacturing & Consumer, Hi-Tech & Professional Services, Banking, and Travel & Transportation.
With major offshore delivery centers in India and Sri Lanka, Hexaware plans to expand into Tier 2 cities, aiming to open new centers in Ahmedabad. As of September 30, 2024, the company operates 39 delivery centers and 16 offices across the Americas, Europe, and the Asia-Pacific region.
Financial Highlights
Hexaware has demonstrated consistent growth over the years. In 2023, the company's revenue grew by 12.8% in constant currency terms. The Americas accounted for 73.4% of Hexaware's revenue in the first nine months of FY25, with the rest coming from Europe and the Asia-Pacific region. The BFSI and healthcare sectors contributed nearly half of the company's revenue.
Allotment and Listing
Allotment Date: February 17, 2025
Listing Date: February 19, 2025 (Tentative)
Investors can check the allotment status on the registrar's website or through their broker platforms once the allotment is finalized.
Grey Market Premium (GMP)
As of February 10, 2025, the Grey Market Premium for Hexaware Technologies IPO is approximately ₹11 per share. This indicates a modest premium over the upper end of the price band. Investors should note that GMPs are subject to change and should not be the sole factor in making investment decisions.
FAQs On Hexaware Technologies IPO
1. What is the price band for the Hexaware Technologies IPO?
The price band is set between ₹674 to ₹708 per share.
2. When will the Hexaware Technologies IPO open and close for subscription?
The IPO will open on February 12, 2025, and close on February 14, 2025.
3. What is the minimum investment required for retail investors?
Retail investors can bid for a minimum of 21 shares, amounting to an investment of ₹14,868 at the upper end of the price band.
4. How can I check the allotment status?
The allotment status can be checked on the registrar's website or through your broker's platform after the allotment date.
5. When is the expected listing date for Hexaware Technologies shares?
The shares are expected to be listed on February 19, 2025, on both BSE and NSE.
Conclusion
The Hexaware Technologies IPO presents a significant opportunity for investors looking to invest in a leading IT services company with a strong global presence. As always, it's essential to assess your investment objectives and consult with financial advisors before making investment decisions.
For more insights into upcoming IPOs and investment opportunities, visit our Knowledge Center at TapBonds.