Hexaware Technologies IPO – Review

Hexaware Technologies Limited – a global digital and technology services company with “AI” (artificial intelligence) at its core, plans to raise INR 8750 Crore via IPO.

[Fresh Issue NIL + OFS 8750 Cr]

Hexaware Technologies IPO share price is INR 674 – 708 per share

 

Hexaware Technologies: History

The company was incorporated as Aptech Information Systems Limited on November 20, 1992, in Maharashtra (Mumbai, India) as a public limited company under the Companies Act, 1956.

The company’s name was changed to Hexaware Technologies Limited on April 2, 2002, pursuant to a fresh certificate of incorporation granted by the RoC.

 

Hexaware Technologies Business Details

Hexaware Technologies Limited, with AI at its core, leverages technology to deliver innovative solutions that help its clients in their digital transformation journey and subsequent operations.

The company manages its business through 6 operating segments –

  1. Banking,
  2. Financial Services,
  3. Hi-Tech and Professional Services,
  4. Healthcare and Insurance,
  5. Manufacturing and Consumer, and
  6. Travel and Transportation

 

Hexaware Technologies

 

Hexaware Technologies Services

The Company’s offerings encompass 5 broad services –

  • Design & Build,
  • Secure & Run,
  • Data & AI,
  • Optimize, and
  • Cloud Services

Hexaware Tech delivers its services through AI-enabled digital platforms such as

  1. RapidX™ (for digital transformation),
  2. Tensai® (for AI-powered automation), and
  3. Amaze® (for cloud adoption)

 

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Business Network

As of 30 June 2024, Hexaware’s global network includes 16 offices and 38 delivery centers spanning the Americas, Europe, and Asia-Pacific (including India and Middle East) APAC region.

 

Employee Strength

As of filing this DRHP, the company employs 31,870 professionals across 28 countries.

 

Fortune 500 clients

This expansive presence and vast experience allow Hexaware Tech to serve different markets geographies, including 30 plus Fortune 500 clients.

 

Company Promoters

CA Magnum Holdings

 

IPO Details

Hexaware Technologies IPO date = 12 Feb to 14 Feb 2025

Minimum Amount = INR 14,868

Minimum Bid = 21 Shares

Face Value (FV) = INR 1

Listing On = NSE, BSE

 

Book Running Lead Managers

Citigroup Global Markets India Private Limited,

HSBC Securities & Capital Markets Pvt Ltd,

IIFL Securities Ltd,

Kotak Mahindra Capital Company Limited,

J.P. Morgan India Private Limited,

 

FINANCIALS

 

CONCLUSION

FinBlab recommends ‘SUBSCRIBE‘ ratings on Hexaware Technologies ipo

 


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