Upcoming IPOs: Hexaware Technologies, Ajax Engineering among 6 public offers opening this week; check list

Upcoming IPOs: Primary markets would see the launch of as many as six new initial public offerings (IPOs) this week to cumulatively raise up to ₹10,236 crore from investors. Of these, two are mainboard issues and three are those of small and medium enterprises (SMEs).

Besides that, investors would also witness the listing of six new stocks on the stock exchanges.

If you are planning to invest in the upcoming IPOs, here’s a detailed look at the public offers that would open for bidding from February 10 to February 14:

Ajax Engineering IPO

The ₹1,269.35-crore mainboard of Ajax Engineering Ltd, a leading concreting equipment player, will be open for subscription from February 10 to February 12.

It is a 100% book-built issue comprising only an offer-for-sale (OFS) of 2.02 crore shares. The price band for the issue has been set at ₹599 to ₹629 per share. The lot size, or the minimum bid quantity to apply for the IPO, is 23 shares. This is equivalent to an investment of ₹14,467 for at least a single lot size by the retail investors.

After the bidding closes on February 12, the allotment of shares is expected to be finalised on February 13. Ajax Engineering shares are scheduled to be listed on both the BSE and NSE on February 17.

Hexaware Technologies IPO

IT services and consulting company Hexaware Technologies Ltd will launch its ₹8,750-crore IPO on February 12. The subscription window for the mainboard issue will remain open till February 14.

The Hexaware Technologies IPO is a 100% book-built issue comprising entirely an OFS of 12.36 crore shares.

The price band has been set at ₹674 to ₹708 per share and the lot size for an application is 21. This translates into a minimum investment amount of ₹14,868 per lot size.

The allotment of shares is expected to be finalised on February 17. Hexaware Technologies shares are scheduled to be listed on both the BSE and NSE on February 19.

SME IPOs

Chandan Healthcare IPO

The ₹107.36-crore SME IPO of Chandan Healthcare Ltd, a leading healthcare group offering services like diagnostics, retail pharmacy and medical education, will open for subscription from February 10 to February 12.

The 100% book-built issue is a combination of fresh issuance of 44.52 lakh shares, aggregating to ₹70.79 crore, and an OFS of 23 lakh shares, aggregating to ₹36.57 crore.

The IPO price band has been set at ₹151 to ₹159 per share. The lot size for an application is 800. This means that the minimum investment amount for retail investors is ₹1,27,200 for at least a single lot size.

The IPO allotment status is expected to be finalised on February 13. Chandan Healthcare shares are scheduled to be listed on the NSE SME platform, Emerge, on February 17.

Voler Car IPO

The SME IPO of Voler Car Ltd, a car rental services company, will be launched on February 12. The bidding will remain open till February 14.

It is a 100% book-built aimed at raising ₹27 crore. The NSE SME issue is entirely a fresh issuance of 30 lakh shares.

The company has set the IPO price band at ₹85 to ₹90 per share, while the lot size for an application is 1,600 units. This is equivalent to a minimum investment amount of ₹1.44 lakh in the IPO.

The IPO allotment status is scheduled to be finalised on February 17. Voler Car shares are scheduled to be listed on the NSE Emerge platform on February 19.

PS Raj Steels IPO

It is a 100% book-built issue made up entirely of a fresh issuance of 20.2 lakh shares.

The price band for the IPO has been set at ₹132 to ₹140 per share. The lot size for an application is 1,000 shares, aggregating to a minimum investment of ₹1.4 lakh per lot size for the retail investors. The company is expected to finalise the IPO share allotment status on February 17. PS Raj Steels shares are scheduled to list on the NSE Emerge platform on February 19.

Maxvolt Energy Industries IPO

Lithium-ion batteries manufacturer Maxvolt Energy Industries Ltd will launch its IPO on February 12 to raise ₹54 crore from the primary market. The NSE SME issue will remain open for bidding till February 14.

The company has fixed the IPO price band at ₹171 to ₹180 apiece. The minimum bidding size of retail investors is ₹1,44,000 for at least a single lot size of 800 shares.

The IPO comprises a fresh issue of 24 lakh shares, aggregating to ₹43.2 crore and an OFS portion of 6 lakh shares worth ₹10.8 crore.

The IPO allotment status is expected to be finalised on February 17. Shares of Maxvolt Energy Industries Ltd are scheduled to be listed on the NSE Emerge platform on February 19.

New stock listings this week

A total of six IPOs will also list on the stock exchanges this week. Chamunda Electrical Ltd shares are scheduled to be listed on February 11. Ken Enterprises Ltd and Amwill Healthcare Ltd shares will make their debut on February 12.

Shares of Readymix Construction Machinery Ltd and Solarium Green Energy Ltd will be listed on February 13, while Eleganz Interiors Ltd will make the trading debut on February 14.