Hexaware Technologies IPO is a book-built issue amounting to Rs 8,750.00 crores, consisting entirely of an offer for sale of 12.36 crore shares.
The subscription period for the Hexaware Technologies IPO opens on February 12, 2025, and closes on February 14, 2025. The allotment is expected to be finalized on Monday, February 17, 2025. The IPO will list on the BSE and NSE, with a tentative listing date set for Wednesday, February 19, 2025.
Hexaware Technologies operates in the IT services sector. They provide a range of digital and technology services, including IT consulting, business process outsourcing (BPO), and digital transformation solutions. Their focus areas include banking and finance, capital markets, healthcare, insurance, manufacturing, consumer, hi-tech, and professional services.
The price band for Hexaware Technologies IPO is set between ₹674 and ₹708 per share. The minimum lot size for an application is 21 shares. Retail investors are required to invest a minimum of ₹14,154, though it is suggested to bid at the cutoff price, raising the amount to approximately ₹14,868 to avoid potential oversubscription issues. For small non-institutional investors (sNII), the minimum lot size investment is 14 lots (294 shares), amounting to ₹2,08,152, while large non-institutional investors (bNII) must apply for 68 lots (1,428 shares), amounting to ₹10,11,024.
Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, HSBC Securities & Capital Markets Pvt Ltd, and IIFL Securities Ltd are the book-running lead managers for the Hexaware Technologies IPO. Kfin Technologies Limited is the registrar for the issue.
Hexaware Technologies IPO Details:
| Company Name | Hexaware Technologies Limited |
| Sector | IT Services |
| IPO Type | Mainboard |
| IPO Open date | 12th Feb 2025 |
| IPO Close date | 14th Feb 2025 |
| Listing Exchanges | NSE, BSE |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Hexaware Technologies IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 21 | 14,868 |
| sHNI (Min) | 14 | 294 | 2,08,152 |
| bHNI (Min) | 68 | 1428 | 10,11,024 |
Hexaware Technologies IPO Timeline:
| IPO Open Date | 12th Feb 2025 |
| IPO Close Date | 14th Feb 2025 |
| Basis of Allotment | 17th Feb 2025 |
| Refund Initiation Date | 18th Feb 2025 |
| Shares Credit to Demat | 18th Feb 2025 |
| Listing Date | 19th Feb 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review Hexaware Technologies’ Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s IT Services Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Hexaware Technologies IPO and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
