Upcoming IPO: 9 IPOs Set to Launch This Week
Upcoming IPO
9 IPOs Set to Open This Week: Major Investment Opportunities Await
Hexaware Technologies Makes a Comeback to the Stock Market
If you’re searching for fresh and exciting investment opportunities, next week is shaping up to be a great one for the stock market! From February 10 to February 15, a total of 9 IPOs will be opening, providing new avenues for investors to explore.
These include 3 large mainboard IPOs, along with 6 IPOs from small and medium-sized enterprises (SMEs). Additionally, 6 companies are set to be listed on the stock market during the same period.
Below are the details of these upcoming IPOs, their issue sizes, price bands, and expected listings—everything you need to know about these highly anticipated offerings.
Mainboard IPOs
1. Ajax Engineering IPO
Opening Date: February 10 to February 12
Issue Size: Rs 1,269.35 Crore
The Ajax Engineering IPO is the first mainboard offering of the week. The company has set the issue size at Rs 1,269.35 crore, and this IPO is entirely an Offer-for-Sale (OFS).
This means that the company is not issuing new shares, and the existing investors are selling nearly 2 crore shares. As a result, the company will not receive any funds directly from the IPO.
The price band for the IPO has been set between Rs 599 and Rs 629 per share, and retail investors must invest a minimum of Rs 14,467 for a lot size of 23 shares.
Allotment of shares is expected to take place on February 13, with listing slated for February 17.
2. Hexaware Technologies IPO
Opening Date: February 12 to February 14
Issue Size: Rs 8,700 Crore
Hexaware Technologies is making its much-anticipated return to the stock market with a massive IPO valued at Rs 8,700 crore.
Similar to the Ajax Engineering IPO, this offering is also an Offer-for-Sale (OFS), meaning no new shares are being issued, and the funds will go to the existing shareholders instead of the company.
The price band for the Hexaware IPO has been fixed at Rs 674 to Rs 708 per share. Retail investors will need to invest a minimum of Rs 14,868 for a lot size of 21 shares.
The share allotment is expected to take place on February 16, with listing scheduled for February 19. Investors can look forward to potential gains as Hexaware’s return to the stock market is being closely watched by industry experts.
SME IPOs
3. Chandan Healthcare IPO
Opening Date: February 10 to February 12
Issue Size: Rs 107.36 Crore
The first SME IPO on the list is Chandan Healthcare, with an issue size of Rs 107.36 crore. The price band for the IPO has been fixed between Rs 151 and Rs 159 per share.
The lot size is 800 shares, meaning the minimum investment required for retail investors is Rs 1,27,200.
This offering is a great opportunity for those interested in small healthcare companies. After the issue closes, the shares are expected to be listed on the NSE Emerge platform on February 17.
4. Voler Car IPO
Opening Date: February 12 to February 14
Issue Size: Rs 27 Crore
Voler Car is preparing to raise approximately Rs 27 crore in its IPO. This offering is completely fresh, meaning that the company is issuing new shares.
The price band for the IPO has been fixed between Rs 85 and Rs 90 per share, and the lot size is 1600 shares, requiring a minimum investment of Rs 1,44,000 for retail investors.
This SME IPO could attract those interested in the automobile industry. Listing is expected on the NSE Emerge platform on February 19.
5. PS Raj Steels IPO
Opening Date: February 12 to February 14
Issue Size: Rs 28.28 Crore
The PS Raj Steels IPO is another SME offering launching next week. This IPO is looking to raise Rs 28.28 crore by issuing fresh shares.
The price band for this IPO has been fixed between Rs 132 and Rs 140 per share, with a lot size of 2000 shares.
The minimum investment required for retail investors is approximately Rs 2,80,000. The listing is scheduled for February 19 on the NSE Emerge platform.
6. Maxvolt Energy Industries IPO
Opening Date: February 12 to February 14
Issue Size: Rs 54 Crore
Maxvolt Energy Industries is looking to raise Rs 54 crore through its IPO, which is completely fresh. The price band has been set between Rs 171 and Rs 180 per share, and retail investors will need to invest a minimum of Rs 1.44 lakh for a lot size of 800 shares.
Given the growing interest in energy and green technologies, this could be a solid opportunity for investors looking to tap into this industry. The listing is expected on the NSE Emerge platform on February 19.
7. L.K. Mehta Polymers IPO
Opening Date: February 13 to February 17
Issue Size: Rs 7.38 Crore
L.K. Mehta Polymers’ IPO is relatively smaller in size, with an issue size of Rs 7.38 crore. The price for the IPO has been fixed at Rs 71 per share, and the lot size is 1600 shares.
Retail investors will need to invest a minimum of Rs 1,13,600. The shares are expected to be listed on the BSE SME platform on February 20.
8. Shanmuga Hospital IPO
Opening Date: February 13 to February 17
Issue Size: Rs 20.62 Crore
Shanmuga Hospital is entering the market with an IPO valued at Rs 20.62 crore. The price band for the shares is Rs 54 per share, and retail investors must invest a minimum of Rs 1,08,000 for a lot size of 2000 shares. Once the issue closes, the shares will be listed on the BSE SME platform on February 20.
9. Quality Power Electrical Equipments IPO
Opening Date: February 14 to February 18
Issue Size: Yet to be disclosed
While the price band for this IPO has yet to be revealed, it is expected to be an exciting opportunity for those looking to invest in the electrical equipment sector.
Once the IPO closes, the shares are expected to be listed on the BSE and NSE on February 24.
6 IPOs to Be Listed Next Week
In addition to the IPOs opening next week, several companies will be listed on the stock market:
- Chamunja Electrical – Listing on February 11
- Ken Enterprises and Amvil Healthcare – Listing on February 12
- Ready Mix Construction Machinery and Solarium Green Energy – Listing on February 13
- Eliganj Interiors – Listing on February 14
These listings offer an excellent opportunity for investors to watch the performance of these newly listed companies and potentially gain exposure to a variety of sectors.
Final Remarks: A Week Full of Investment Opportunities
With a combination of large mainboard IPOs and promising SME IPOs, next week is packed with opportunities for investors to diversify their portfolios.
From technology to healthcare, automobile, energy, and more, these IPOs span a variety of industries, allowing investors to tap into new and exciting growth areas.
Make sure to stay informed and monitor the opening and listing dates carefully to seize the best investment opportunities.
Be prepared, do your research, and happy investing
