The Indian stock market is set for an eventful week with nine initial public offerings (IPOs) lined up to open for subscription. The list includes three mainboard IPOs of Ajax Engineering, Hexaware Technologies, and Quality Power, as well as six SME offerings. Investors are keenly watching such developments, given the diverse sectors these companies represent and the potential investment opportunities they present.
Subscription Period: Opens on February 10 and closes on February 12.
Issue Details:
- Book-built issue sized at ₹1,269.35 crore, comprising entirely an offer for sale of 2.02 crore shares.
- The price band is fixed between ₹599 and ₹629 per share.
- Minimum lot size 23 shares, minimum investment ₹14,467 for retail investors.
Lead Managers: ICICI Securities, Citigroup Global Markets India, JM Financial, Nuvama Wealth Management, and SBI Capital Markets.
Registrar: Link Intime India.
Also Read: Ajax Engineering IPO to Open on February 10: Key Details and How to Apply
Subscription Period: Opens for bidding on February 12 and closes on February 14.
Issue Details:
- Book-built issue size at ₹8,750 crore, comprising entirely of an offer for sale of 12.36 crore shares.
- The price band is fixed between ₹674 and ₹708 per share.
- Lot size of 21 shares with minimum investment of ₹14,868 for retail investors.
Lead Managers: Kotak Mahindra Capital, Citigroup Global Markets India, J.P. Morgan India, HSBC Securities & Capital Markets, and IIFL Securities.
Registrar: KFin Technologies.
Subscription Period: Feb 14 to Feb 18
Issue Size
- Book-built issue consisting of a fresh issue of ₹225 crore and offer for sale of 1.49 crore shares
- The company has not yet announced its price band
Lead Manager: Pantomath Capital Advisors
Registrar: Link Intime India
Additional Listings
Apart from these mainboard IPOs, six new companies are scheduled to list on the bourses in the next few days, which depicts the fast-changing nature of present market conditions.
Investor Considerations
As the IPO market gets warmer, investors will need to do proper due diligence before deciding to invest. That has to be the financial health, business model, and growth prospects of such companies. Further, understanding the terms of each IPO, including the price band, lot size, and proportion of fresh issues versus offers for sale, can enable informed choices to be made.
It does provide a variety of opportunities to invest in different sectors, and hence all these IPOs bring an option to the investors to diversify their portfolio. However, investment decisions should be aligned with one’s financial objectives and risk appetite.
In essence, it is always advisable to consult with a financial advisor and keep oneself informed through market analysis to negotiate the IPO market with ease.
Disclaimer: This article has been published for information purposes only and does not constitute financial advice. For personal investment decisions, please seek the advice of a financial planner.
