Hexaware Technologies IPO: Key Dates, Price Band, GMP, and Listing Details
Hexaware Technologies, a global leader in digital and technological services with an AI foundation, is set to launch its much-anticipated initial public offering (IPO). Supported by the US-based private equity firm Carlyle, the IPO will open for subscription on Wednesday, February 12, and close on Friday, February 14. The price band for the IPO has been set at ₹674 to ₹708 per equity share, with a face value of Re 1 per share.
Key Highlights:
Hexaware Technologies: Business Overview
Hexaware Technologies is a global technology company that specializes in digital transformation and AI-driven solutions. The company provides innovative services across six key industries:
- Financial Services
- Healthcare and Insurance
- Manufacturing and Consumer Goods
- Hi-Tech and Professional Services
- Banking
- Travel and Transportation
The core services offered by Hexaware include Design & Build, Secure & Run, Data & AI, Optimize, and Cloud Services, enabling clients to manage their business operations efficiently.
IPO Details and Peer Comparison:
According to the red herring prospectus (RHP), the company’s listed peers include:
- Persistent Systems Ltd. (P/E Ratio: 84x)
- Coforge Ltd. (P/E Ratio: 64x)
- LTIMindtree Ltd. (P/E Ratio: 38x)
- Mphasis Ltd. (P/E Ratio: 34x)
Hexaware Technologies’ IPO allocation structure is as follows:
- 35% reserved for retail investors
- 15% for non-institutional investors (NII)
- 50% for qualified institutional buyers (QIB)
Additionally, equity shares worth up to ₹900 million have been reserved for eligible employees, with a ₹67 discount per share in the employee reservation segment.
Important Dates for Hexaware Technologies IPO:
- Anchor Investor Allocation: February 11, 2025
- Basis of Allotment Finalization: February 17, 2025
- Refunds Initiation: February 18, 2025
- Demat Account Share Credit: February 18, 2025
- Listing Date on BSE and NSE: February 19, 2025
Grey Market Premium (GMP) and Expected Listing Price:
Hexaware Technologies’ IPO is generating interest in the grey market. As of today, the GMP is ₹8, indicating a potential premium of 1.13% above the upper price band of ₹708. The expected listing price is ₹716 per share, based on the current grey market trend.
Hexaware Technologies’ IPO presents an exciting opportunity for investors, with a strong foundation in AI-driven services and a diversified client base across key industries. Investors can look forward to the listing on February 19, 2025, with the possibility of a premium listing. Keep an eye on the GMP and other updates for a better understanding of its market potential.
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