The first week of 2025 brings great investment opportunities in the primary market, with three major IPOs opening for subscription.
Investors interested in IPOs will have a chance to subscribe to offerings from Ajax Engineering, Hexaware Technologies, and Quality Power Electricals.
Details of the IPOs
Ajax Engineering IPO
The Ajax Engineering IPO will be available from February 10 to February 12, 2024. It will raise Rs 1,295.35 crore through an Offer for Sale (OFS), offering 2.02 crore shares.
The price band is set between Rs 599 and Rs 629 per share, and the minimum lot size is 23 shares. To apply, retail investors will need Rs 14,467.
The IPO will be managed by ICICI Securities, Citigroup Global Markets India, JM Financial, Nuvama Wealth Management,
and SBI Capital Markets, with Link Intime India as the registrar. SBI Fund Management has invested Rs 212 crore in Ajax Engineering before the IPO.
Hexaware Technologies IPO
Hexaware Technologies will open its IPO 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 between Rs 674 and Rs 708 per share, and the lot size is 21 shares.
Retail investors will need Rs 14,868 to apply. Kotak Mahindra Capital, Citigroup Global Markets India, J.P. Morgan India, HSBC Securities & Capital Markets,
and IIFL Securities will manage the IPO, while KFin Technologies will serve as the registrar.
Quality Power Electricals IPO
Quality Power Electricals will open its IPO for subscription from February 14 to February 18.
The fresh issue size is Rs 225 crore, along with an additional 1.49 crore shares through an Offer for Sale.
The price band is yet to be disclosed, and Pantomath Capital Advisors is the lead manager. Link Intime India will be the registrar.
