Hexaware Technologies IPO
Company Overview
Founded in 1992, Hexaware Technologies Limited is a leading global provider of digital and technology services. The company harnesses the power of artificial intelligence (AI) to drive innovation and deliver cutting-edge solutions to businesses worldwide.
Key Business Segments
Hexaware operates across six diverse industries:
Financial Services
Healthcare & Insurance
Manufacturing & Consumer
Hi-Tech & Professional Services
Banking
Travel & Transportation
Service Offerings
The company provides a wide range of technology services tailored to business needs:
Design & Build – Digital transformation, product development, software engineering, and ERP system enhancement
Secure & Run – IT security, management, and optimization services
Data & AI – Building data-driven foundations for actionable insights and sustainable value creation
Optimize – Gen AI-powered business process services for automation, analytics, and talent management
Cloud Services – Integrating cloud capabilities across all service verticals
Strengths
Hexaware Technologies delivers tailored solutions across six industries, leveraging deep domain expertise. The company has shown consistent revenue growth, with four segments surpassing US$200 million in FY 2023. Its AI-powered platforms drive digital transformation, automation, and cloud adoption. With 20 patents, 119 trademarks, and 45 patents pending, the company showcases strong innovation. Hexaware serves 31 Fortune 500 companies, operating 39 global delivery centers and 16 offices with a workforce of 32,500+ employees worldwide.
Risks
The company relies heavily on revenue from Americas and Europe, making it vulnerable to economic shifts in these regions. Challenges in attracting and retaining skilled professionals could impact growth and profitability. A reduction in outsourcing budgets or IT spending may lower service demand. Additionally, the IPO proceeds will go entirely to the Promoter Selling Shareholder, with no direct benefit to the company. Cybersecurity risks, including potential hacking and data breaches, pose a threat. Moreover, anti-outsourcing legislation could limit Hexaware’s ability to compete effectively in global markets.
Hexaware Technologies IPO: Key Details
IPO Dates: 12 to 14 February, 2025
Price Band : ₹674 to ₹708 per share
Lot Size: 21 shares
Total Issue size: ₹8,750 Crores
Retail Quota: 35%
GMP: Nil (For Informational purposes only)
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