Hexaware files DRHP for Rs 9,950-crore IPO

Hexaware Technologies Files DRHP For Rs.9,950 Crore IPO.

Expert Analysis:

• IPO Filing: Hexaware Technologies has filed a DRHP with SEBI to raise ₹9,950 crore through an IPO, entirely as an offer for sale. 

• Company Overview: Hexaware focuses on AI and offers services in design & build, secure & run, data & AI, optimization, and cloud.

• Profit Performance: The company reported a profit after tax of ₹997.6 crore for the year ended December 31, 2023, compared to ₹884.2 crore a year ago.

• Revenue Growth: Revenue increased by 12.8% in CY23 to ₹10,380.3 crore, from ₹9,199.6 crore in FY22.