Hexaware Technologies IPO: A Grand Comeback 2025 to the Stock Market

Published on: 7 February 2025

Hexaware Technologies IPO: A Grand Comeback to the Stock Market 2025

Hexaware Technologies IPO : Hexaware Technologies, a leading player in global digital and technology services with artificial intelligence integration, is set to make a big comeback to the stock market after five years. Owned by global private equity giant Carlyle Group, the company’s ₹8,750 crore IPO is scheduled to open on February 12, 2025, offering an exciting investment opportunity.

Hexaware Technologies was delisted in September 2020 and is now re-entering the stock market with this massive IPO. The IPO consists solely of an Offer for Sale (OFS) of 12.36 crore shares, meaning no fresh shares will be issued. CA Magnum Holdings, the promoter entity and part of Carlyle Group Inc., will sell these shares. Post-IPO, Carlyle’s stake in Hexaware will reduce from 95% to 74.1%.

The Hexaware Technologies IPO will have only an Offer for Sale (OFS) of 12.36 crore shares worth Rs 8,750 crore. Promoter CA Magnum Holdings will put the shares up for sale. After deducting the IPO expenses, the money raised from the IPO will go to CA Magnum Holdings. It is part of Carlyle Group Inc. The size of the OFS was earlier Rs 9,950 crore. After the closing of the IPO, the allotment will be finalized on February 17 and the shares will be listed on BSE, NSE on February 19.

Hexaware Technologies IPO Price band, lot size and key details

Issue Size: Rs 8,750 crore (100% Offer for Sale)

Price Band: Rs 674-708 per share

Lot Size: 21 shares

IPO Opens: February 12, 2025

IPO Closes: February 14, 2025

Anchor Investors Bidding Date: February 11, 2025

Allotment Finalization: February 17, 2025

Listing Date: February 19, 2025 (BSE & NSE)

Reservation Details

50% – Qualified Institutional Buyers (QIBs)

35% – Retail Investors

15% – Non-Institutional Investors (NIIs)

Rs 90 crore worth of shares reserved for employees

Book Running Lead Managers & Registrar

The book-running lead managers for this IPO include some of the top financial institutions : Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, HSBC Securities and Capital Markets Private Limited, IIFL Securities Limited are the book running lead managers for the Hexaware Technologies IPO. Kaffin Technologies Limited is the registrar for the issue.

Financial Performance of Hexaware Technologies

Hexaware Technologies has shown impressive growth over the past year:

FY 2023-24 Revenue: Rs 10,389.1 crore (up 34% from ₹7,763.1 crore in FY 2023)

FY 2023-24 Net Profit: Rs 997.6 crore (up 24% from ₹804.8 crore in FY 2023)

April-September 2024 Revenue: Rs 8,871.3 crore

April-September 2024 Net Profit: Rs 853.3 crore

Should You Invest?

Hexaware Technologies has positioned itself as a leading digital and AI-driven technology service provider. With strong financial growth, a proven track record, and increasing demand for tech solutions, this IPO presents a promising opportunity for investors. However, as with any investment, it’s essential to analyze market conditions and consult with a financial expert before making a decision.

Final Thoughts

The Hexaware Technologies IPO is generating a lot of buzz, especially with its strong financial performance and return to the stock market after five years. If you’re looking for an investment opportunity in the technology sector, this IPO is worth considering. Stay tuned for further updates as the listing date approaches!

Disclaimer: Investing in the stock market involves risks. Please consult with a financial advisor before making investment decisions.As an investor, always seek expert advice before investing. Bindaasbola.com never recommends anyone to invest here.