The Primary Market Revives: Nine New IPOs and Six Listings Next Week
As the financial landscape continues to evolve, the primary market is gearing up for an exciting week ahead, with nine new initial public offerings (IPOs) set to open for subscription. This surge in activity is not just limited to new public issues; the market will also witness six new listings, marking a significant moment for investors and companies alike.
A Flourishing IPO Landscape
The upcoming week promises to be a vibrant one for investors, with a mix of large and small enterprises entering the market. The mainboard segment will feature notable IPOs, including Ajax Engineering, Hexaware Technologies, and Quality Power, while the SME segment will introduce six new offerings. This diverse array of options reflects the growing confidence in the Indian capital market, which has established itself as a major hub for both domestic and international companies.
Upcoming IPOs to Watch
Here’s a closer look at the IPOs that will be available for subscription next week:
Ajax Engineering IPO
- Subscription Dates: February 10 – February 12
- Issue Size: ₹1,269.35 crore (entirely an offer for sale of 2.02 crore shares)
- Price Band: ₹599 to ₹629 per share
- Lead Managers: ICICI Securities, Citigroup Global Markets, JM Financial, Nuvama Wealth Management, SBI Capital Markets
- Registrar: Link Intime India Private Ltd
Hexaware Technologies IPO
- Subscription Dates: February 12 – February 14
- Issue Size: ₹8,750 crore (entirely an offer for sale of 12.36 crore shares)
- Price Band: ₹674 to ₹708 per share
- Lead Managers: Kotak Mahindra Capital, Citigroup Global Markets, J.P. Morgan, HSBC Securities, IIFL Securities
- Registrar: Kfin Technologies Ltd
Quality Power IPO
- Subscription Dates: February 14 – February 18
- Issue Size: Fresh issue of ₹225 crore and an offer for sale of 1.49 crore shares
- Price Band: Yet to be declared
- Lead Manager: Pantomath Capital Advisors Pvt Ltd
- Registrar: Link Intime India Private Ltd
SME Segment Offerings
In addition to the mainboard IPOs, the SME segment will see several new offerings:
Chandan Healthcare IPO
- Subscription Dates: February 10 – February 12
- Issue Size: ₹107.36 crore (combination of fresh issue and offer for sale)
- Price Band: ₹151 to ₹159 per share
- Lead Manager: Unistone Capital Pvt Ltd
- Registrar: Kfin Technologies Ltd
PS Raj Steels IPO
- Subscription Dates: February 12 – February 14
- Issue Size: ₹28.28 crore (entirely a fresh issue)
- Price Band: ₹132 to ₹140 per share
- Lead Manager: Khambatta Securities Ltd
- Registrar: Bigshare Services Pvt Ltd
Voler Car IPO
- Subscription Dates: February 12 – February 14
- Issue Size: ₹27 crore (entirely a fresh issue)
- Price Band: ₹85 to ₹90 per share
- Lead Manager: GYR Capital Advisors Pvt Ltd
- Registrar: Kfin Technologies Ltd
Maxvolt Energy IPO
- Subscription Dates: February 12 – February 14
- Issue Size: ₹54 crore (combination of fresh issue and offer for sale)
- Price Band: ₹171 to ₹180 per share
- Lead Manager: Smart Horizon Capital Advisors Pvt Ltd
- Registrar: Bigshare Services Pvt Ltd
L.K. Mehta Polymers IPO
- Subscription Dates: February 13 – February 17
- Issue Size: ₹7.38 crore (entirely a fresh issue)
- Price: ₹71 per share
- Lead Manager: Swastika Investmart Ltd
- Registrar: Bigshare Services Pvt Ltd
Shanmuga Hospital IPO
- Subscription Dates: February 13 – February 17
- Issue Size: ₹20.62 crore (entirely a fresh issue)
- Price: ₹54 per share
- Lead Manager: Finshore Management Services Ltd
- Registrar: Integrated Registry Management Services Pvt Ltd
New Listings on the Horizon
Alongside the new IPOs, the market will also see six new listings, providing investors with fresh opportunities:
- Chamunda Electricals IPO: Expected listing on February 11.
- Ken Enterprises IPO: Expected listing on February 12.
- Amwill Healthcare IPO: Expected listing on February 12.
- Solarium Green IPO: Expected listing on February 13.
- Readymix Construction IPO: Expected listing on February 13.
- Eleganz Interiors IPO: Expected listing on February 14.
A Promising Future for IPOs
The excitement surrounding these IPOs is indicative of a broader trend in the Indian market. According to industry experts, 2024 has already set records for capital raised through IPOs, and 2025 is poised to be even more dynamic. With over 1,000 IPOs expected in the next two years, the Indian capital market is on the verge of a significant transformation.
As Mr. Mahavir Lunawat, Group Founder & Managing Director of Pantomath Financial Services Group, noted, “India has emerged as one of the world’s major IPO hubs, and the momentum anticipated in the next two years is three times what it has achieved in the last five years.”
Conclusion
With a robust lineup of IPOs and listings, the upcoming week promises to be a pivotal moment for investors looking to capitalize on new opportunities in the market. As the primary market continues to thrive, it will be crucial for investors to stay informed and make strategic decisions to navigate this evolving landscape.