Company Overview
Hexaware Technologies Limited, established in 1990, is a prominent global IT services provider specializing in digital transformation, cloud solutions, artificial intelligence (AI), and automation. The company serves a diverse clientele across industries such as banking, healthcare, manufacturing, and retail. With development centers in India, the US, and Europe, Hexaware offers comprehensive IT solutions to Fortune 500 companies.
IPO Details
IPO Opening Date: February 12, 2025
IPO Closing Date: February 14, 2025
Price Band: ₹674 to ₹708 per equity share
Lot Size: 21 shares per lot (minimum investment: ₹14,868)
Issue Size: ₹8,750 crores (entirely through an Offer for Sale by promoter Carlyle)
Listing Date: February 19, 2025 (BSE & NSE)
Important Dates
Anchor Investor Bidding: February 11, 2025
Basis of Allotment Finalization: February 17, 2025
Initiation of Refunds: February 18, 2025
Credit of Shares to Demat Accounts: February 18, 2025
Commencement of Trading: February 19, 2025
Financial Performance
Hexaware has demonstrated robust financial growth:
FY 2023 Revenue: ₹7,177 crore
Profit After Tax: ₹884 crore
Revenue Growth (YoY): 14.6%
Net Profit Growth (YoY): 18%
Industry Outlook
The global IT services sector is experiencing rapid growth, driven by increased adoption of cloud computing, AI, and automation. Hexaware's expertise in these areas positions it well to capitalize on these trends.
How to Apply for Hexaware Technologies IPO
Investors can apply for the IPO through various methods:
ASBA (Application Supported by Blocked Amount): Apply via your bank's net banking platform. Funds will remain in your account until the allotment process is completed.
UPI (Unified Payments Interface): Apply through UPI-enabled applications provided by stockbrokers such as Zerodha, Groww, and Shoonya.
Offline Application: Submit a physical application form at your stockbroker's office.
To participate in the IPO, consider opening a Demat account with reputable brokers:
Strengths & Risks
Strengths:
Established Market Presence: A leading IT services provider with a global client base.
Diverse Service Portfolio: Expertise in cloud computing, AI, and automation.
Consistent Financial Growth: Steady increase in revenue and profits over recent years.
High Client Retention: Strong relationships with Fortune 500 clients.
Risks:
Intense Industry Competition: Faces competition from larger IT service providers like TCS, Infosys, and Wipro.
Currency Exchange Fluctuations: Global revenue exposure makes it susceptible to forex risks.
Employee Attrition: The IT industry faces challenges with high employee turnover.
Investment Verdict: Go or No-Go?
Considering Hexaware Technologies' strong financial performance, industry expertise, and favorable market trends, the IPO presents a compelling opportunity for investors. However, potential investors should be mindful of the associated risks, including market competition and currency fluctuations. It's advisable to consult with a certified financial advisor before making investment decisions.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please consult with a certified financial advisor before making investment decisions.
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