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Hexaware Technologies Share Price Live Updates: Hexaware makes a muted debut, lists at 5% premium; stock gains nearly 7%
19 Feb 2025 | 03:33:13 PM IST
Hexaware Technologies makes a muted debut, lists at 5% premium
Synopsis
Hexaware Technologies Share Price Live | IPO Listing Live: Hexaware Technologies' shares listed with a premium of 5.3% on Wednesday. The stock debuted at Rs 745.5 on the NSE and Rs 731 on the BSE (a 3.25% premium), compared to the issue price of Rs 708.
Hexaware Technologies Share Price Live Updates: Hexaware Technologies' shares listed with a premium of 5.3% on Wednesday. The stock debuted at Rs 745.5 on the NSE and Rs 731 on the BSE (a 3.25% premium), compared to the issue price of Rs 708.
The lack of a significant premium in the Grey Market Premium (GMP) suggests subdued demand and cautious investor sentiment, reflecting uncertainty about the stock's performance post-listing.
All proceeds from the IPO, excluding the offering-related expenses, will be directed to the promoter, CA Magnum Holdings, which is the selling entity. CA Magnum holds a 95.03% stake in the company, with the remaining shares owned by public investors.
Show moreThe lack of a significant premium in the Grey Market Premium (GMP) suggests subdued demand and cautious investor sentiment, reflecting uncertainty about the stock's performance post-listing.
All proceeds from the IPO, excluding the offering-related expenses, will be directed to the promoter, CA Magnum Holdings, which is the selling entity. CA Magnum holds a 95.03% stake in the company, with the remaining shares owned by public investors.
1 New Update
Hexaware exemplifies how we seek to leverage our One Carlyle global network to help businesses scale and expand. We are proud to have partnered with Hexaware on its growth journey and congratulate its exceptional management team on this milestone. Carlyle remains committed to partnering with the Hexaware team as it continues to focus on client centricity and delivering differentiated value for its customers, and as it embarks on its next phase as a publicly traded company
- Kapil Modi, Managing Director at Carlyle India Advisors
Hexaware Technologies Share Price Live Updates | Interest Coverage Ratio of the company
Interest Coverage Ratio is 42.06, higher than 1.5. This means that it is able to meet its interest payments comfortably with its earnings (EBIT).
Hexaware Technologies Share Price Live Updates | Return on Equity (ROE) of the company
According to Trendlyne, Return on Equity (ROE) for the last financial year was 21.52%, more than 20% in the last financial year, indicating an efficient use of shareholder's capital to generate profit.
Hexaware Technologies Share Price Live Updates | Stock extends gains, trades nearly 7% higher
Shares of the company rose over 6.5% to Rs 781.65.
Hexaware Technologies Share Price Live Updates | Annual Net Profit
Annual net profit rose 12.83% in the last year to Rs 997.6 crore. Its sector's average net profit growth for the last fiscal year was 11.43%.
Hexaware Technologies Share Price Live Updates | IT Firm focuses on growth across key sectors post-2020 delisting
The IT services firm, delisted in 2020 at Rs 475 per share, operates across six industry verticals, including financial services, healthcare, and manufacturing.
Hexaware Technologies Share Price Live Updates |Listing marks the largest IPO in India's IT services sector
The listing marks the IT services sector’s largest IPO in India, surpassing Tata Consultancy Services’ Rs 4,713-crore issue in 2004.
Hexaware Technologies Share Price Live Updates | Shares trade 4% higher
Shares of the company rose 3.87% to Rs 759.30.
Hexaware Technologies Share Price Live Updates | Market Cap
Hexaware's market capitalization on the BSE is currently Rs 46,014.64 crore.
Hexaware Technologies Share Price Live Updates | Carlyle's stake in the company
Hexaware's IPO was a complete offer for sale (OFS), meaning all the proceeds were directed to Carlyle, which reduced its stake to 74.1% from 95% after the listing.
Hexaware Technologies Share Price Live Updates | Company's AI-driven digital solutions give it a competitive edge over its peers: SBI Securities
Hexaware's AI-driven digital solutions give it a competitive edge over its peers. The company also boasts a strong cash balance of Rs 1,346 crore as of September 2024.
We ascribe 30x PER for a 16% EPS CAGR, implying 1.8x PEG. This is at about 10% premium to midcap basket’s average PER but 25% discount to Coforge’s, making it reasonable
- JM Financial
Hexaware Technologies Share Price Live Updates | JM Financial initiates buy rating
Brokerage JM Financial has initiated coverage on the stock with a “buy” rating and a target price of Rs 820, indicating a potential upside of 7% from the current levels.
Hexaware Technologies Share Price Live | Annual Revenue
Annual revenue rose 10.77%, in the last year to Rs 10,389.1 crore. Its sector's average revenue growth for the last fiscal year was 8.07%.
Hexaware Technologies Share Price Live | Stock gains nearly 4% post listing
Shares of the company rose over 3.5% to Rs 758.
Hexaware Technologies Share Price Live | Hexaware Technologies shares list at 5% premium over IPO price
The shares of Hexaware Technologies listed at a premium of 5.3% on the exchanges on Wednesday. The stock debuted at Rs 745.5 on the NSE and at Rs 731 on the BSE (a 3.25% premium) against an issue price of Rs 708.
Thus, the GMP indicates subdued demand and cautious sentiment among investors as the absence of any premium highlights the uncertainty surrounding the stock's performance post-listing.
Thus, the GMP indicates subdued demand and cautious sentiment among investors as the absence of any premium highlights the uncertainty surrounding the stock's performance post-listing.
Hexaware Technologies Share Price Live | Pre-indicative price
BSE - Rs 731 (Up - 3.25% or Rs 23)
NSE - Rs 745.5 (Up - 5.3% or Rs 37.5)
NSE - Rs 745.5 (Up - 5.3% or Rs 37.5)
Hexaware Technologies Share Price Live: Lead Managers
- Kotak Mahindra Capital Company Limited
- Citigroup Global Markets India Private Limited
- J.P. Morgan India Private Limited
- Hsbc Securities & Capital Markets Pvt Ltd
- Iifl Securities Ltd
Hexaware Technologies Share Price Live Updates: Market Lot
Retail : 21 Shares (₹14,868/-)
S-HNI : 294 Shares (₹2,08,152/-)
B-HNI : 1,428 Shares (₹10,11,024/-)
S-HNI : 294 Shares (₹2,08,152/-)
B-HNI : 1,428 Shares (₹10,11,024/-)
Hexaware Technologies Share Price Live Updates: Hexaware Technologies raised Rs 2,598 crore from anchor investors
Hexaware Technologies raised Rs 2,598 crore from anchor investors ahead of its IPO, which opened for subscription on Feb 12 and will close on Feb 14. The company announced that it allocated 3.66 crore shares at Rs 708 each, the upper price band.
Out of the total 3,66,94,914 equity shares allocated to anchor investors, 1,31,55,849 shares (35.85% of the anchor allocation) were distributed among 15 domestic mutual funds across 34 schemes.
Out of the total 3,66,94,914 equity shares allocated to anchor investors, 1,31,55,849 shares (35.85% of the anchor allocation) were distributed among 15 domestic mutual funds across 34 schemes.
Hexaware Technologies Share Price Live Updates: Anchor investors
Hexaware Technologies Share Listing: The issue attracted significant interest from nearly 96 institutional investors, including major players like SBI Mutual Fund, ICICI Prudential Mutual Fund, and HDFC AMC, as well as global investors such as CLSA.
Hexaware Technologies Share Price Live Updates: Analyst View
"Hexaware leverages AI to build solutions for its clients driving improvement in productivity and gains in utilization. It has a healthy cash balance of Rs 1,346 crore as of September 2024. We recommend subscribing to the issue at the cut-off price with a long-term investment horizon," said SBI Securities.
Hexaware Technologies Share Price Live Updates: Financials
Hexaware Technologies Share Listing: In the financial year 2022-23 (FY23), the company reported a 12.83% increase in its revenue from operations, rising to ₹10,380.3 crore, compared to ₹9,199.6 crore in the previous fiscal year.
Hexaware Technologies Share Price Live Updates: Book-Running Lead Managers
Hexaware Technologies Share Listing: The book-running lead managers for the offering are Kotak Mahindra Capital Company, Citigroup Global Markets India, JP Morgan India, HSBC Securities and Capital Markets (India), and IIFL Capital Services.
Hexaware Technologies Share Price Live Updates: Hexaware IPO objective
Hexaware Technologies Share Listing: All proceeds from the IPO, excluding the offering-related expenses, will be directed to the promoter, CA Magnum Holdings, which is the selling entity. CA Magnum holds a 95.03% stake in the company, with the remaining shares owned by public investors.
Hexaware Technologies Share Price Live Updates: Hexaware IPO lot size
Hexaware Technologies IPO Live Today: The lot size for Hexaware Technologies' IPO is 21 equity shares, with subsequent lots available in multiples of 21 equity shares.
Hexaware Technologies Share Price Live Updates: Listing Date
The shares are set to be listed on the BSE and NSE, with the listing expected to take place on Wednesday, February 19 at 10:00 AM.
Hexaware Technologies Share Price Live Updates: About Company
Hexaware Technologies Share Listing: Hexaware Technologies is a global digital and technology services company, with artificial intelligence (AI) at its core. The company serves a diverse range of customers, including 31 Fortune 500 organizations, across regions such as the Americas, Europe, and Asia-Pacific, including India and the Middle East.
Hexaware Technologies Share Price Live Updates: Price Band
Hexaware Technologies Share Listing: The company has set a price band of Rs 674-708 per share for its Initial Public Offering (IPO). At the upper end of the price band, the company is valued at over Rs 43,000 crore.
The IPO, based in Mumbai, is a full Offer for Sale (OFS) of equity shares worth Rs 8,750 crore, being offered by the promoter CA Magnum Holdings, a part of the Carlyle Group.
The IPO, based in Mumbai, is a full Offer for Sale (OFS) of equity shares worth Rs 8,750 crore, being offered by the promoter CA Magnum Holdings, a part of the Carlyle Group.
Hexaware Technologies Share Price Live Updates: GMP Today
Hexaware Technologies Share Listing: The grey market premium (GMP), ahead of the listing, has completely vanished, standing at 0%. This suggests subdued demand and cautious sentiment among investors, as the lack of any premium reflects uncertainty about the stock's performance after it lists.
Hexaware Technologies Share Price Live Updates: Hexaware Technologies IPO listing today. What GMP signals ahead of debut?
Hexaware Technologies Share Listing: Hexaware Technologies' shares are set to debut on the NSE and BSE platforms today. However, the grey market premium (GMP) has disappeared and currently stands at 0% ahead of the listing.
