Quality Power, Hexaware Technologies, Ajax Engineering: Here's how February listed stocks are performing

The IPO drought is nearing two months, with the last mainboard initial public offer of Quality Power Electrical Equipments launching on February 14. A total of three initial share sales, including Hexaware Technologies and Ajax Engineering, opened in February 2025. Here's a look at how they are performing.

Quality Power Electrical Equipments share price

The ₹858.70 crore book-built issue was a mix of a fresh issue of shares as well as an offer-for-sale (OFS) component. It was subscribed 1.29 times, with retail individual investors subscribing their quota 1.82 times, non-institutional investors (NIIs) 1.45 times, and qualified institutional buyers (QIBs) 1.03 times.

The stock hit its 52-week high of ₹430.75 on February 24, while it recorded a 52-week low of ₹302.70 on March 17.

The company offers high-voltage electrical equipment and solutions, including flexible AC transmission systems (FACTS) and high-voltage direct current (HVDC) equipment for power generation and transmission as well as renewable energy integration.

Hexaware Technologies share price

The ₹8,750 crore issue, which was subscribed 2.79 times, was solely an OFS of 12.36 crore shares.

It reported a 20.12% jump in its consolidated revenue from operations to ₹3,154.4 crore for the quarter ended in December 2024, as compared to ₹2,626 crore in the corresponding period last fiscal.

Profit after tax increased 66.33% to ₹320.7 crore in the December quarter, as against ₹192.8 crore in the year-ago quarter.

The company offers artificial intelligence-based digital and technology services.

Ajax Engineering share price

The ₹1,269.35 crore public offer was booked 6.06 times. It was completely an OFS of 2.02 crore shares.