Hexaware Technologies IPO: The IPO of Hexavier Technologies has opened for public subscription on 12 February 2025 today. It can be invested by 14 February 2025. The price band for the company’s IPO has been fixed at Rs 674-708 per share. While the size of IPO is Rs 8750 crore. The IPO will be allotted on February 17, while on February 19, the company’s stock will be listed on BSE and NSE. The brokerage house has advised to subscribe to the company’s strateful and growth strategy.
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This IPO is completely an offer for sale (offs). It will sell shares worth Rs 8,750 crore by Promoter CA Magnum Holdings, which is the subsidiary company of Carlyle Group Inc, a multinational investment firm in America. The size of Oss has been reduced by the earlier proposed proposed Rs 9,950 crore. CA Magnum currently holds a 95.03 per cent stake in Hexaware. Hexavier technologies have kept 21 shares in a lot in their IPO.
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Value is looking attractive
Brokerage House Anand Rathi has given a subscribe rating in the IPO of Hexavier Technologies. Brokerage House says that the business of Hexavier Technologies has developed in the last decade, which has been more focused on the increasing set of offering, large and diversified customer base, wider global delivery footprint and innovation and technologies. Talking about the expertise of the company, it is a better mix of strategic and industry-focused partners. It provides AI-managed solutions for different business functions like Servicenaau, Human Resources, IT, Customer Service, Security and Finance. The company’s valuation on the upper price band is at 43.1x P/E with a market share of 430,247 million rupees after the issue of equity share. At the same time, the return on the net worth is 22.8 percent. On the Valuation front, Brokerage believes it looks reasonable.
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7 big factor in the company’s favorite
1. In the industry, intensive domain experts have been provided through comprehensive solution.
2. AI-Leed digital capabilities and platforms have been made in-house with innovation in the form of a strategic pillar.
3. Long Term and Embedded Relationship with Diversified Blue-Chip Customer Base.
4. Go-to-market strategy focuses on the acquisition and expansion of customers.
5. Global, scalable, flexible distribution model with certified and skilled talent pools.
6. Experienced and permanent leadership, strong organizational culture.
7. Growth and Cash Generation Record a strong track record.
7 major strategy of the company
- Offering and continuous improvement in platforms.
- To deeper and expand relationships with existing customers.
- To focus on big customers to take advantage of high value opportunities and also add new customers.
- To expand strategically in different areas and industries.
- Preparing advance talent and optimizing cast of delivery.
- Focus on operational improvement.
- The target of Strategic M&A is on new capabilities and expert geographic footprints.
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Hexaware Technologies: about the company
Hexavier technologies work in many major sectors, including financial services, healthcare and insurance, manufacturing and Kanjyamur, high-tech and professional services, banking and travel-transport. The company offers a variety of services including IT, business process outsourcing, cloud computing, data analytics and artificial intelligence solutions.
In FY24, the Hexaware Technologies profits rose 12.8 per cent to Rs 997.6 crore on the annual basis or compared to FY23. While revenue also increased to Rs 10,380.3 crore. In the first half of FY25, the company’s profit increased by 6 per cent to Rs 853.3 crore, while the revenue has increased by 13.6 per cent to Rs 8,820 crore as compared to the same period in the previous financial year.
(Disclaimer: View or advice on the stock is given by brokerage house. These are not private views of Financial Express. There are risks in the market, so take the opinion of experts before investment.)
