Upcoming IPOs: 9 New Public Offerings Set to Launch Next Week, 6 Listings Anticipated
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Synopsis
Nine new IPOs are launching next week, including Ajax Engineering, Hexaware Technologies, and Quality Power. Retail investors should prepare for these opportunities.
Key Takeaways
- Nine new IPOs opening for subscription.
- Three mainboards: Ajax Engineering, Hexaware Technologies, Quality Power.
- Six SMEs to be listed.
- Minimum investment requirements for retail investors.
- Lead managers include major financial institutions.
Mumbai, Feb 9 (NationPress) A total of nine new initial public offerings (IPOs) are poised to open for subscription next week, featuring three mainboard companies -- Ajax Engineering, Hexaware Technologies, and Quality Power -- along with six SME offerings entering the market.
The Ajax Engineering IPO will commence on February 10 and conclude on February 12.
This IPO is a book-built issue valued at Rs 1,269.35 crore, consisting entirely of an offer for sale of 2.02 crore shares.
The price band for this IPO has been established between Rs 599 and Rs 629 per share.
The company has determined the lot size to be a minimum of 23 shares. Therefore, a retail investor must invest a minimum of Rs 14,467 to participate.
Lead managers for this issue include ICICI Securities, Citigroup Global Markets India, JM Financial, Nuvama Wealth Management, and SBI Capital Markets, with Link Intime India serving as the registrar.
The Hexaware Technologies IPO will be open for bidding from February 12 to February 14.
This offering is also a book-built issue valued at Rs 8,750 crore, consisting solely of an offer for sale of 12.36 crore shares.
The price band has been set between Rs 674 and Rs 708 per share.
The lot size for this IPO is 21 shares, and the minimum investment required from a retail investor is Rs 14,868.
Managing this issue are Kotak Mahindra Capital, Citigroup Global Markets India, J.P. Morgan India, HSBC Securities & Capital Markets, and IIFL Securities, with KFin Technologies acting as the registrar.
The Quality Power IPO is set to open for subscription from February 14 to February 18.
This book-built issue includes a fresh issuance valued at Rs 225 crore along with an offer for sale of 1.49 crore shares.
The price band for this IPO has yet to be announced, according to its filing.
Pantomath Capital Advisors is the lead manager for this IPO, while Link Intime India is responsible for registrar services.
Moreover, six new companies are anticipated to be listed on the stock exchanges in the upcoming days.
