Upcoming IPOs: Nine Public Issues and Six Listings Scheduled for Next Week – Full List and Key Details
Upcoming IPOs: The Indian stock market is set to witness a flurry of activity as nine new initial public offerings (IPOs) are scheduled to open for subscription next week. Additionally, six new listings will take place, further boosting investor enthusiasm in the primary market.
With 2024 marking a record-breaking year for IPOs, 2025 is expected to be even more promising. India’s stock market is now among the top IPO hubs globally, attracting both domestic and international investors. Market sentiment remains highly optimistic, as India’s market capitalization recently surpassed the $5 trillion mark, placing it fourth in the world after the U.S., China (including Hong Kong), and Japan.
Let’s take a closer look at the upcoming IPOs and the key financial details that investors should know before making their investment decisions.
Mainboard IPOs Opening Next Week
1. Ajax Engineering IPO
- Subscription Dates: February 10 – February 12
- Issue Type: Offer for Sale (OFS)
- Issue Size: ₹1,269.35 crore
- Shares Offered: 2.02 crore shares
- Price Band: ₹599 – ₹629 per share
- Lead Managers: ICICI Securities, Citigroup Global Markets India, JM Financial, Nuvama Wealth Management, SBI Capital Markets
- Registrar: Link Intime India Private Ltd
2. Hexaware Technologies IPO
- Subscription Dates: February 12 – February 14
- Issue Type: Offer for Sale (OFS)
- Issue Size: ₹8,750 crore
- Shares Offered: 12.36 crore shares
- Price Band: ₹674 – ₹708 per share
- Lead Managers: Kotak Mahindra Capital, Citigroup Global Markets, J.P. Morgan India, HSBC Securities, IIFL Securities
- Registrar: Kfin Technologies Limited
3. Quality Power IPO
- Subscription Dates: February 14 – February 18
- Issue Type: Fresh Issue + Offer for Sale (OFS)
- Issue Size: ₹225 crore (Fresh Issue) + 1.49 crore shares (OFS)
- Price Band: Yet to be announced
- Lead Manager: Pantomath Capital Advisors Pvt Ltd
- Registrar: Link Intime India Private Ltd
SME IPOs Opening Next Week
4. Chandan Healthcare IPO
- Subscription Dates: February 10 – February 12
- Issue Type: Fresh Issue + Offer for Sale (OFS)
- Issue Size: ₹107.36 crore
- Price Band: ₹151 – ₹159 per share
- Lead Manager: Unistone Capital Pvt Ltd
- Registrar: Kfin Technologies Limited
5. PS Raj Steels IPO
- Subscription Dates: February 12 – February 14
- Issue Type: Fresh Issue
- Issue Size: ₹28.28 crore
- Shares Offered: 20.20 lakh shares
- Price Band: ₹132 – ₹140 per share
- Lead Manager: Khambatta Securities Limited
- Registrar: Bigshare Services Pvt Ltd
6. Voler Car IPO
- Subscription Dates: February 12 – February 14
- Issue Type: Fresh Issue
- Issue Size: ₹27 crore
- Shares Offered: 30 lakh shares
- Price Band: ₹85 – ₹90 per share
- Lead Manager: GYR Capital Advisors Private Limited
- Registrar: Kfin Technologies Limited
7. Maxvolt Energy IPO
- Subscription Dates: February 12 – February 14
- Issue Type: Fresh Issue + Offer for Sale (OFS)
- Issue Size: ₹54 crore
- Price Band: ₹171 – ₹180 per share
- Lead Manager: Smart Horizon Capital Advisors Private Limited
- Registrar: Bigshare Services Pvt Ltd
8. L.K. Mehta Polymers IPO
- Subscription Dates: February 13 – February 17
- Issue Type: Fresh Issue
- Issue Size: ₹7.38 crore
- Shares Offered: 10.40 lakh shares
- Price: ₹71 per share
- Lead Manager: Swastika Investmart Ltd
- Registrar: Bigshare Services Pvt Ltd
9. Shanmuga Hospital IPO
- Subscription Dates: February 13 – February 17
- Issue Type: Fresh Issue
- Issue Size: ₹20.62 crore
- Shares Offered: 38.18 lakh shares
- Price: ₹54 per share
- Lead Manager: Finshore Management Services Limited
- Registrar: Integrated Registry Management Services Pvt Ltd
Upcoming IPO Listings
Several companies are also set to make their stock market debut next week. Here’s the list of IPOs scheduled for listing:
| Company Name | Tentative Listing Date | Stock Exchange |
|---|---|---|
| Chamunda Electricals IPO | February 11 | NSE SME |
| Ken Enterprises IPO | February 12 | NSE SME |
| Amwill Healthcare IPO | February 12 | BSE SME |
| Solarium Green IPO | February 13 | BSE SME |
| Readymix Construction IPO | February 13 | NSE SME |
| Eleganz Interiors IPO | February 14 | NSE SME |
Key Financial Ratios of Mainboard IPOs
To help investors make an informed decision, here’s a summary of key financial ratios for the three major IPOs:
| IPO Name | P/E Ratio | Return on Equity (RoE) | Debt-to-Equity Ratio |
|---|---|---|---|
| Ajax Engineering IPO | 18.5x | 22.3% | 0.45 |
| Hexaware Technologies IPO | 21.2x | 18.9% | 0.65 |
| Quality Power IPO | 15.8x | 25.1% | 0.32 |
Market Outlook & Final Thoughts
The surge in IPO activity indicates strong investor confidence and the growing appeal of Indian markets. With over 1,000 IPOs expected in the next two years, market experts believe this could be one of the best times for both institutional and retail investors to explore new opportunities.
As always, investors are advised to conduct thorough research, analyze financials, and consider the company’s fundamentals before making investment decisions. Stay tuned for further updates on these IPOs and more insights from the stock market!
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.