Hexaware Technologies Limited, a global digital and technology services company backed by Carlyle Group, is making headlines with its initial public offering (IPO). The company has successfully raised Rs 2,598 crore from anchor investors ahead of its IPO, which opened for public subscription on February 12, 2025, and closed on February 14, 2025
. This significant fundraising effort has garnered attention from prominent investors, including SBI Mutual Fund, ICICI Prudential MF, HDFC MF, Kotak MF, and Goldman Sachs, among others.
Valuations and Financial Outlook
Hexaware Technologies has set a price band of Rs 674-708 per share for its IPO
. At the upper end of this price band, the company is valued at over Rs 43,000 crore. Analysts recommend subscribing to the IPO from a long-term perspective, given the company’s strong financial growth and its focus on leveraging artificial intelligence (AI) to drive productivity. The company reported revenue of ₹10,389.10 crores in December 2023, up from ₹9,378.8 crore in December 2022, and a profit of ₹997.6 crores in December 2023, compared to ₹884.2 crores in December 2022
.
About the Company
Hexaware Technologies, incorporated in 1992, specializes in providing IT services, including application development, enterprise solutions, and business process outsourcing
. The company operates across six industry segments: financial services, healthcare and insurance, manufacturing and consumer, hi-tech and professional services, banking, and travel and transportation. It serves a diverse clientele, including 31 Fortune 500 companies, across the Americas, Europe, and the Asia-Pacific region.
Anchor Investors
The anchor investors’ round saw participation from a wide range of domestic mutual funds, insurance companies, and international institutions. Notably, domestic mutual funds subscribed to approximately 24% of the anchor book. This strong backing from institutional investors underscores the market’s confidence in Hexaware’s growth potential and strategic positioning.
Company Contact Details
Hexaware Technologies
152, Millennium Business Park, Sector III, ‘A’ Block, TTC Industrial Area, Mahape, Navi Mumbai, 400 710
Phone: +91 223326 8585
Email: investori@hexaware.com
Website: http://www.hexaware.com/