Hexaware Technologies, a leading global IT services and consulting firm, is all set to make its debut on the stock market with its highly anticipated Initial Public Offering (IPO) opening on February 12, 2025. The IPO, which has been the talk of the financial markets for months, marks a significant milestone for the company as it seeks to raise capital to fuel its expansion and innovation strategies.
IPO Details
The IPO will open for subscription on February 12, 2025 and close on February 14, 2025. The company plans to raise approximately 8,750-crore through the issuance of fresh shares. The price band for the IPO has been fixed at Rs 674 to Rs 708 per share, making it an attractive proposition for retail and institutional investors alike.
Hexaware Technologies IPO Timeline
Hexaware Technologies IPO opens on February 12, 2025, and closes on February 14, 2025.
| IPO Open Date | Wednesday, February 12, 2025 |
| IPO Close Date | Friday, February 14, 2025 |
| Basis of Allotment | Monday, February 17, 2025 |
| Initiation of Refunds | Tuesday, February 18, 2025 |
| Credit of Shares to Demat | Tuesday, February 18, 2025 |
| Listing Date | Wednesday, February 19, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 14, 2025 |
Hexaware Technologies’ IPO comprises a mix of fresh issue of shares and an offer for sale (OFS) by existing shareholders, including its parent company, Baring Private Equity Asia. The proceeds from the fresh issue will be utilized to fund the company’s growth initiatives, including investments in digital transformation, cloud computing, and artificial intelligence, as well as to reduce debt.
Strong Market Interest
The IPO has already garnered significant interest from institutional investors, with several anchor investors reportedly committing to subscribe to a substantial portion of the offering. Analysts predict that the IPO will be oversubscribed multiple times, given Hexaware’s strong financial performance, robust client base, and leadership in the IT services sector.
Hexaware Technologies, known for its expertise in automation, cloud, and customer experience solutions, has consistently delivered double-digit revenue growth over the past few years. The company’s focus on high-growth areas such as digital transformation and its ability to adapt to evolving market demands have positioned it as a key player in the global IT services industry.
What Analysts Are Saying
Market experts have expressed optimism about Hexaware’s IPO, citing the company’s strong fundamentals and the growing demand for IT services worldwide. “Hexaware’s IPO comes at a time when the IT sector is witnessing unprecedented growth, driven by digital transformation across industries. The company’s focus on innovation and its strong client relationships make it a compelling investment opportunity,” said Ravi Menon, a senior analyst at a leading brokerage firm.
However, some analysts have cautioned investors to be mindful of market volatility and global economic uncertainties, which could impact the stock’s performance post-listing.
Road Ahead
Hexaware Technologies’ IPO is expected to be one of the most significant listings of 2025, reflecting the company’s ambition to strengthen its market position and capitalize on emerging opportunities in the IT sector. The shares are expected to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) by the end of February.
As the countdown to the IPO begins, all eyes are on Hexaware Technologies, with investors eagerly awaiting the opportunity to be part of the company’s growth journey.
