The first week of 2025 will see significant activity in the primary market, offering great opportunities for investors interested in IPOs.
A total of three mainboard IPOs are scheduled to open for subscription this week. These include Ajax Engineering, Hexaware Technologies, and Quality Power Electricals.
Details on Each IPO
Ajax Engineering IPO
Ajax Engineering’s IPO will be open for subscription from February 10 to February 12, 2024. The issue size is Rs 1,295.35 crore, and it will be an Offer for Sale (OFS), with 2.02 crore shares available.
The price band is set between Rs 599 and Rs 629 per share, and the minimum lot size is 23 shares. Retail investors will need Rs 14,467 to apply for the IPO.
The lead managers for the issue are ICICI Securities, Citigroup Global Markets India, JM Financial, Nuvama Wealth Management, and SBI Capital Markets.
Link Intime India will be the registrar, and SBI Fund Management has invested Rs 212 crore in the company before the IPO.
Hexaware Technologies IPO
Hexaware Technologies’ IPO will open from February 12 to February 14. The issue size is Rs 8,750 crore, with 12.36 crore shares being sold through an Offer for Sale.
The price band is set between Rs 674 and Rs 708 per share, and the lot size is 21 shares. Retail investors will need Rs 14,868 to apply.
The issue will be managed by Kotak Mahindra Capital, Citigroup Global Markets India, J.P. Morgan India, HSBC Securities & Capital Markets, and IIFL Securities, with KFin Technologies as the registrar.
Quality Power Electricals IPO
Quality Power Electricals will open its IPO for subscription on February 14 and close on February 18. The fresh issue size is Rs 225 crore, and an additional 1.49 crore shares will be sold through an Offer for Sale.
While the price band has not been disclosed yet, Pantomath Capital Advisors is the lead manager, and Link Intime India will be the registrar.
