Hexaware Technologies IPO: Should you subscribe? Know what analysts weigh in on valuations

The archetypal nationalist offering (IPO) of Hexaware Technologies Ltd (HTL), a planetary integer and exertion services provider, opened connected Wednesday, February 12, 2025 and volition beryllium concluded connected Friday, February 14, 2025. The Rs 8,750 crore nationalist contented is the largest IPO successful the IT assemblage aft Tata Consultancy Services Ltd. HTL has fixed the terms set betwixt Rs 674 - 708, which is the tenable and cheaper successful examination to its peers, according to analysts. However, the institution has making comeback aft its delisting successful 2020. Should you subscribe it oregon avoid? Know what analysts recommend:

Several analysts from home brokerages person recommended to subscribing the HTL IPO, portion immoderate has a 'neutral' stance.

SBI Securities' analysts person advised investors to subscribing it astatine cut-off terms with a agelong word perspective. According to the them, it is comparatively cheaper than its peers based connected its precocious terms set (Rs 708). "It has a steadfast currency equilibrium of Rs 1,346 crore arsenic of September 2024," the brokerage said.

Bajaj Broking, connected the different hand, besides suggested subscribe the contented for agelong term. HTL has outperformed astir of its peers and assured of maintaining the trends going forward, according to Bajaj Broking analysts. However, the brokerage said that the contented appears comparatively afloat priced.

Brokerage Anand Rathi has a 'recommend' standing connected the nationalist contented and believed the institution is reasonably priced.

Ventura Securities' analysts does not person immoderate standing connected the IPO but said, HTL has a mean valuation and it is afloat valued compared to different companies similar Persistent Systems and Coforge.

Meanwhile, KRChoksey has a 'neural' stance connected HTL IPO, citing that macroeconomic uncertainties and assemblage contention airs risks.

Hexaware Technologies bidding process update

On the first-day bidding process, HTL IPO received a lackluster subscription of 2 per cent by 3:33 pm. Overall bids applied for 17,77,020 shares against 9,14,23,354, reserved for each categories.

Hexaware Technologies IPO Key Dates

The allotment process for the Hexaware Technologies IPO is scheduled for Monday, February 17. The HTL banal apt to debut connected Wednesday, February 19 connected the exchanges - NSE and BSE.

Who are competitors successful IT industry?

Here is the summary of HTL's peers successful IT sector:

Hexaware Technologies IPO: Registrar & BRLMs

The authoritative registrar for the HTL IPO is KFin Technologies Ltd, and the publication moving pb managers are Kotak Mahindra Capital, Citigroup Global Markets India, JP Morgan India, HSBC Securities & Capital Market, and IIFL Capital Services.

All you request cognize astir Hexaware Technologies

Hexaware Technologies is simply a planetary IT institution focused connected Artificial Intelligence (AI). It helps businesses with integer transformation, AI-driven solutions, and unreality services. The institution operates successful six cardinal industries, including banking, healthcare, and manufacturing, and offers services similar bundle development, cybersecurity, and information analytics. Hexaware uses AI-powered platforms similar RapidX, Tensai, and Amaze to enactment clients worldwide. 

Previously HTL was owned by Baring Private Equity Asia, and delisted successful 2020. After that Carlyle Group took implicit its involvement successful October 2021.