Hexaware IPO Analysis

Hexaware IPO is priced at a P/E of 41. From analysis, we can see that the company is is performing well and growing consistently. However, from peer analysis, we can also conclude that the companies lies behind the consistent outperformers such as Persistent and Coforge. The company seems to be better positioned than Mphasis and LTIMindtree. Both Mphasis and LTIMindtree is currently trading at a range of 35x TTM PE and Coforge and Persistent are trading at a TTM PE of \~65x. I believe, the IPO to be correctly prices at PE of 41 and it’s highly unlikely that the market would reward the company with a higher multiple post listing. Detailed Analysis: [https://allthinginfotech.substack.com/p/hexaware-technologies-ipo-analysis](https://allthinginfotech.substack.com/p/hexaware-technologies-ipo-analysis)