Hexaware Technologies, one of India’s prominent IT firms, has declared its first-ever dividend post listing, announcing an interim 575% dividend per share for its shareholders in FY25. This announcement marks a major financial milestone for the company, which made its stock market debut earlier this year in February.
The dividend declaration, record date, and payment schedule have now been officially released, adding a fresh spark of investor interest in the tech stock.
Hexaware Technologies Announce First Interim Dividend
On April 4, 2025, Hexaware Technologies’ Board of Directors approved a ₹5.75 per equity share dividend, representing a 575% payout on the face value of ₹1 per share. This is the company’s first interim dividend for FY25 and its first dividend announcement post-IPO.
According to its regulatory filing, the dividend is aimed at rewarding shareholders after the company’s successful listing and strong market presence.
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Dividend Declared: ₹5.75 per equity share (575%)
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Face Value: ₹1 per share
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Market Capitalization: ₹39,879.96 crore (as per BSE data on last close)
Record Date and Payment Schedule
Hexaware Technologies has fixed April 15, 2025, as the record date for this dividend payout. Shareholders whose names appear in the company’s Register of Members or Depositories as of this date will be eligible to receive the dividend.
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Record Date: April 15, 2025
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Dividend Payment Date: April 23, 2025
The dividend will be credited directly to the registered bank accounts of eligible shareholders.
IPO Performance and Share Movement
Hexaware Tech launched its ₹8,750 crore IPO in February 2025, which was oversubscribed with 24.28 crore bids for just over 9.14 crore shares on offer. The IPO was the largest in India’s IT services sector since TCS went public over two decades ago.
Hexaware made a market debut on February 19 with a 5.3% listing premium.
However, on April 4, the stock closed at ₹656.25, down by ₹27.35 or 4% compared to the previous session. Despite this dip, the stock continues to hold investor attention due to its substantial dividend and strong IPO history.
FAQs
What is the dividend amount announced by Hexaware Technologies?
Hexaware Technologies has declared a ₹5.75 interim dividend per share, equating to 575% of the face value of ₹1.
When is the record date for Hexaware’s dividend?
The record date is April 15, 2025. Shareholders listed on the company’s register by this date will be eligible for the dividend.
When will the dividend be paid to shareholders?
The dividend will be paid on April 23, 2025, directly into the bank accounts of eligible shareholders.
Is this Hexaware’s first dividend since listing?
Yes, this is Hexaware’s first-ever dividend since its listing on the stock exchanges in February 2025.
How did Hexaware’s IPO perform?
Hexaware’s IPO was highly successful, receiving more than 2.6x subscription, making it the biggest IT IPO in over two decades, after TCS.
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