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IPO Updates: This will be the first such week in the year 2025 when there is going to be a strong movement in the primary market. There is good news for investors looking for an opportunity to invest in IPOs. This week, a total of 3 mainboards are going to open for IPO subscription in the market. This includes Ajax Engineering, Hexaware Technologies and Quality Power Electrical.
Ajax Engineering
Ajax Engineering IPO will open for subscription on February 10 and will close on February 12, 2024. The issue size of this IPO will be Rs 1,295.35 crore and it will be the entire IPO offer for Sale (OFS), in which 2.02 crore shares will be sold. For IPOs, the company has fixed the price band between Rs 599 to Rs 629 per share. The lot size fixed by the company is of minimum 23 shares. The retail investor requires a minimum amount of Rs 14,467 to apply for the IPO.
ICICI Securities, Citigroup Global Markets India, JM Financial, Nuwama Wealth Management and SBI Capital Markets are the leading manager of this issue, while Link is the Inteime India Registrar. SBI Fund Management has invested Rs 212 crore in the company before opening the IPO of Ajax Engineering.
Hexaware technology IPO
The IPO of Hexavier Technologies will open for subscription between February 12 to February 14. The issue size of this IPO is Rs 8,750 crore. This entire IPO will be offered for sale and 12.36 crore shares will be sold in it. The price band of the IPO has been fixed between Rs 674 to Rs 708 per share. The IPO’s lot size is 21 and the retail investor will have to invest a minimum of Rs 14,868 to bid.
Kotak Mahindra Capital, Citigroup Global Markets India, J.P. Morgan India, HSBC Securities and Capital Markets and IIFL Securities are managing this issue, while Caffein is a technology registrar.
Quality Power Electrical IPO
Quality Power Electrical IPO will open for subscription on 14 February and will close on 18 February. The fresh issue in this IPO will be Rs 225 crore. At the same time, 1.49 crore shares will be sold under the offer for sale. However, the company has not yet disclosed the price band. Pantometa Capital Advisors is the lead manager for this IPO. At the same time, Link Inteime is India Registrar.
Disclaimer: (Here information provided is being given only for information. It is necessary to tell here that the investment market in the market is subject to risks. Always consult experts before investing money as investors. ABPLive.com There is never advice to invest money from any side.)
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