The primary markets will be abuzz next week, as two mainboard and three small and medium enterprise (SME) initial public offerings (IPOs) are scheduled to open for bidding. The secondary markets will also witness six listings in the coming week.
Both the primary and secondary markets will be abuzz next week as two mainboard and three SME IPOs will open for public subscription. Further, six SME issues will also debut on D-Street in the upcoming week
The primary markets will be abuzz next week, as two mainboard and three small and medium enterprise (SME) initial public offerings (IPOs) are scheduled to open for bidding. The secondary markets will also witness six listings in the coming week.
Let’s take a quick look at the upcoming IPOs and listings next week, from February 10-14, 2025
Ajax Engineering IPO: The first IPO in the coming week is of Ajax Engineering, which will be available for public subscription from February 10-12, 2025. The concrete equipment manufacturer is looking to raise Rs 1,269.35 crore by selling 20.2 million shares. The company, which has fixed the price band between Rs 599 and Rs 629 per share, will not receive any proceeds from the offer as it is entirely an offer for sale issue.
Hexaware Technologies IPO: Hexaware Technologies will issue its IPO for bidding from February 12-14, 2025. The company, which is engaged in the business of global digital and technology services with artificial intelligence, is looking to raise Rs 8,750 crore by selling 123.6 million shares. The issue is entirely offer for sale, so the company will not receive any proceeds from the IPO. The price band has been fixed between Rs 674 and Rs 708 per share.
Chandan Healthcare IPO: The Rs 107.36 crore Chandan Healthcare IPO will be open for public subscription from February 10-12, 2025. The issue is priced between Rs 151 and Rs 159 per share and is a combination of fresh issue of 4.45 million shares and offer for sale of 2.3 million shares. Chandan Healthcare operates diagnostic centres, primarily in north India.
PS Raj Steels IPO: PS Raj Steels is seeking to raise Rs 28.28 crore by issuing entirely fresh 2.02 million shares. The price band for the issue has been fixed between Rs 132 and Rs 140 per share. The company manufactures and supplies stainless steel pipes and tubes. The net proceeds from the IPO will be used to meet the working capital requirements of the company.
Voler Car IPO: The Voler Car IPO will be available for bidding from February 12-14, 2025. The company specialises in car rental and transportation services, offering self-driving cars and employee transportation services. The IPO is entirely a fresh issue of 3 million shares, and aims to raise Rs 27 crore. The issue is priced between Rs 85 and Rs 90 per share. The company intends to utilise the net proceeds from the issue to fund working capital requirements, general corporate purposes, and IPO issue expenses
In the coming week, six SME IPOs will tentatively debut on the stock exchanges. These include Chamunda Electricals IPO (February 11), Ken Enterprises (February 12), Amwill Healthcare IPO (February 12), Readymix Construction Machinery IPO (February 13), Solarium Green Energy IPO (February 13) and Eleganz Interiors IPO (February 14).