The Indian primary market or IPO market is set to witness extreme momentum as 7 companies to hit the mainboard and SME platform of the IPO market in the upcoming days in February 2025. Investing in Initial Public Offerings (IPOs) can offer several potential benefits for investors. One key advantage is the opportunity to get in on the ground floor of a company that is poised for growth. IPOs often represent businesses with significant potential, and investing early can lead to substantial gains if the company performs well in the stock market. In this blog, we will have a look at the upcoming IPOs in Feb 2025.
The Ajax Engineering IPO is a book-built issue worth ₹1,269.35 crores, consisting entirely of an offer for sale of 2.02 crore shares. The IPO opens for subscription on February 10, 2025, and closes on February 12, 2025. The allotment is expected to be finalized by Thursday, February 13, 2025. The shares will be listed on the BSE and NSE, with the tentative listing date set for Monday, February 17, 2025. The price band for the Ajax Engineering IPO is ₹599 to ₹629 per share.
Founded in July 1992, Ajax Engineering Limited manufactures a diverse range of concrete equipment and provides services across the entire value chain. As of September 30, 2024, the company has developed 141 variants of concrete equipment and has sold over 29,800 units in India over the past decade.
The Hexaware Technologies IPO is a book-built issue valued at ₹8,750.00 crores, consisting entirely of an offer for sale of 12.36 crore shares. The IPO opens for subscription on February 12, 2025, and closes on February 14, 2025. Allotment for the Hexaware Technologies IPO is expected to be finalized on Monday, February 17, 2025. The shares will be listed on BSE and NSE, with the tentative listing date set for Wednesday, February 19, 2025. The price band for the Hexaware Technologies IPO is ₹674 to ₹708 per share.
Founded in 1992, Hexaware Technologies Limited specializes in global digital and technology services, incorporating artificial intelligence to offer innovative solutions. The company leverages AI to help clients adapt, innovate, and thrive in an AI-driven world. With major offshore delivery centres in India (including Chennai, Pune, Bengaluru, and Noida) and Sri Lanka, the company plans to expand into Tier 2 cities and is looking to establish new centres in Ahmedabad.
The Readymix Construction IPO is a book-built issue valued at ₹37.66 crores, consisting entirely of a fresh issue of 30.62 lakh shares. The IPO opens for subscription on February 6, 2025, and closes on February 10, 2025. The allotment for the IPO is expected to be finalized on Tuesday, February 11, 2025. The shares will be listed on the NSE SME, with the tentative listing date set for Thursday, February 13, 2025.
The Solarium Green IPO is a book-built issue worth ₹105.04 crores, comprising entirely of a fresh issue of 55.00 lakh shares. The IPO opens for subscription on February 6, 2025, and closes on February 10, 2025. The allotment is expected to be finalized on Tuesday, February 11, 2025. The shares will be listed on the BSE SME, with the tentative listing date set for Thursday, February 13, 2025. The price band for the Solarium Green IPO is ₹181 to ₹191 per share.
The Eleganz Interiors IPO is a book-built issue valued at ₹78.07 crores, consisting entirely of a fresh issue of 60.05 lakh shares. The IPO opens for subscription on February 7, 2025, and closes on February 11, 2025. The allotment is expected to be finalized on Wednesday, February 12, 2025. The shares will be listed on the NSE SME, with the tentative listing date set for Friday, February 14, 2025. The price band for the Eleganz Interiors IPO is ₹123 to ₹130 per share.
The Chandan Healthcare IPO is a book-built issue valued at ₹107.36 crores. The issue comprises a fresh issue of 44.52 lakh shares worth ₹70.79 crores and an offer for sale of 23.00 lakh shares amounting to ₹36.57 crores. The IPO opens for subscription on February 10, 2025, and closes on February 12, 2025.
The allotment is expected to be finalized on Thursday, February 13, 2025. The shares will be listed on the NSE SME, with the tentative listing date set for Monday, February 17, 2025. The price band for the Chandan Healthcare IPO is ₹151 to ₹159 per share.
The PS Raj Steels IPO is a book-built issue valued at ₹28.28 crores, consisting entirely of a fresh issue of 20.20 lakh shares. The IPO opens for subscription on February 12, 2025, and closes on February 14, 2025. The allotment is expected to be finalized on Monday, February 17, 2025. The shares will be listed on the NSE SME, with the tentative listing date set for Wednesday, February 19, 2025. The price band for the PS Raj Steels IPO is ₹132 to ₹140 per share.
Note: In addition to the companies mentioned above, there are other IPOs scheduled for February 2025, but details for those are not yet available.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 6, 2025, 8:55 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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