Primary market action: Investors to see 9 new IPOs, 6 listings next week

IPO Action

Investors will see more action in the primary market next week starting from February 10, especially after the passing of major event - Union Budget. A total of 9 initial public offerings (IPOs) will open for public subscription along with 6 listings.

Ajax Engineering IPO

Ajax Engineering will be the first initial share sale opening next week on February 10 and closing on February 12, with a price band at Rs 599-629 per share. The concrete equipment manufacturer intends to raise Rs 1,269 crore via IPO which comprises of solely an offer-for-sale of 2.01 crore equity shares by existing shareholders including investor Kedaara Capital Fund II LLP. Kedaara will be existing the company via offer-for-sale.

Hexaware Technologies IPO

US private equity giant Carlyle-owned Hexaware Technologies, the IT services firm, is set to hit Dalal Street with Rs 8,750-crore IPO on February 12. The price band for the offer, which closes on February 14, has been fixed at Rs 674-708 per share. It will also be an entire offer-for-sale by promoter CA Magnum Holdings.

Quality Power Electrical Equipments IPO

The last IPO of the next week from the mainboard segment will be Quality Power, the high-voltage electrical equipment and solutions provider, which will open for subscription during February 14-18. The IPO will be a combination of fresh issue of Rs 225 crore, and an offer-for-sale of 1.49 crore equity shares.

Chandan Healthcare IPO

The pathology and radiology testing services provider will be the first IPO from SME segment next week, opening on February 10 and closing on February 12 with a price band of Rs 151-159 per share. It plans to mobilise Rs 107.4 crore via public issue which will be a mix of fresh issuance of 44.52 lakh shares worth Rs 70.79 crore and an offer-for-sale (OFS) of 22.99 lakh shares worth Rs 36.57 crore by the existing shareholders.

PS Raj Steels IPO

The Hisar-based stainless steel pipes and tubes manufacturer will be launching its Rs 28-crore maiden public issue on February 12, with a price band of Rs 132-140 per share. The book built issue will close on February 14.

Voler Car IPO

Voler Car, the employee transportation services provider, will also open its Rs 27-crore initial share sale during the same period, i.e. February 12-14. The price band for the offer has been fixed at Rs 85-90 per share.

Maxvolt Energy Industries IPO

Maxvolt Energy, the manufacturer of lithium-ion batteries for electric vehicles, energy storage, and electronics, will be the fourth company in the SME segment launching public issue next week. This will also open its Rs 54-crore public issue during February 12-14.

LK Mehta Polymers IPO

The bids for the plastic products maker's fixed price public issue will start on February 13 and close on February 17. It intends to raise Rs 7.38 crore via IPO at a price of Rs 71 per share.

Shanmuga Hospital IPO

The Tamil Nadu-based multispecialty hospital will also be approaching capital markets to raise Rs 20.62 crore via fixed price issue. The issue price has been fixed at Rs 54 per share for its IPO which will open for subscription during February 13-17.

IPOs Closing Next Week

Solarium Green Energy, and Readymix Construction Machinery will close their public issues next week on February 13, while the offer by Eleganz Interiors close on February 14. All these issues fully subscribed.

Listings Next Week

All the listing scheduled for next week are from the SME segment with Chamunda Electricals being the first to debut on the NSE Emerge on February 11.

Ken Enterprises, and Amwill Healthcare will list shares on the NSE Emerge and BSE SME, respectively on February 12, while the trading in Solarium Green Energy and Readymix Construction Machinery shares will commence on the BSE SME and NSE Emerge, respectively on February 13.

Further, investors can start trading in Eleganz Interiors shares on the NSE Emerge effective February 14.

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