Hexaware Technologies has set its IPO price band at ₹674-708 per share. The IPO, scheduled from February 12-14, 2025, aims to raise ₹8,750 crore through an offer-for-sale by CA Magnum Holdings, part of Carlyle Group Inc. Hexaware will use the funds to expand its digital and tech services, meeting growing demand.
Hexaware’s financial performance has been strong, with a 13.7% compound annual growth rate (CAGR) in revenue over the past three years. This growth is driven by its focus on delivering innovative solutions in cloud computing, AI, and data analytics. The IPO will be open to institutional and retail investors, with a discount for eligible employees.
Analysts are optimistic about the IPO. They cite Hexaware’s robust track record and strategic position in the tech sector as key factors likely to attract investors. The IPO represents a significant opportunity for Hexaware to raise capital and strengthen its market presence. Investors should consider Hexaware’s strong financials and growth potential when evaluating this investment opportunity.
