Hexaware Technologies Limited made its much-anticipated debut on Dalal Street today, with shares listed at ₹745.5 on the NSE, representing a 5.30% premium over its offer price of ₹708. The listing came in line with expectations, as the grey market premium suggested a subdued debut, though analysts remain bullish on the stock’s long-term prospects.
For the nine months ending September 30, 2024, Hexaware reported revenue of ₹8,820 crore, showing a notable increase from ₹7,764.30 crore during the same period in the previous year. Expenses also rose to ₹7,728 crore, compared to ₹6,734 crore in the previous year. Profit attributable to the company’s shareholders stood at ₹857.5 crore, up from ₹804.8 crore for the same period last year.
Stock Details:
- Listed at: ₹745.5 (NSE)
- Offer Price: ₹708
- Premium: 5.30%
- Revenue (9M FY25): ₹8,820 crore (YoY growth)
- Expenses (9M FY25): ₹7,728 crore
- Profit (9M FY25): ₹857.5 crore
- Registrar: Kfin Technologies
- Lead Managers: Kotak Mahindra Capital Company, Citigroup Global Markets India, J.P. Morgan India, HSBC Securities & Capital Markets, IIFL Securities
Hexaware Technologies is now listed under the ‘B’ Group of Securities on the Bombay Stock Exchange (BSE), effective from February 19, 2025.
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