Upcoming February 2025 Mainboard IPOs: Ajax, Hexaware & Quality Power Details
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Three major IPOs are scheduled to open for subscription in the second week of February 2025. These include the much-awaited public offerings of Ajax Engineering, a leader in heavy machinery and infrastructure solutions; Hexaware Technologies, a global IT and consulting powerhouse; and Quality Power, a rising star in the renewable energy sector.
Here's everything you need to know about Ajax Engineering, Hexaware Technologies, and Quality Power IPOs.
Mainboard IPOs Schedule
| Company Name | Issue Size | Price Band | Subscription Dates |
|---|---|---|---|
| Ajax Engineering Limited | ₹1,269.35 crores | ₹599 - ₹629 | February 10-12, 2025 |
| Hexaware Technologies Limited | ₹8,750 crores | ₹674 - ₹708 | February 12-14, 2025 |
| Quality Power | ₹858.70 Crores | ₹401 - ₹425 | February 14-18, 2025 |
1. Ajax Engineering Limited IPO
Issue Details:
- Issue Size: ₹1,269.35 crores (Offer for Sale of 2.02 crore shares)
- Price Band: ₹599 to ₹629 per share
- Minimum Investment:
- Retail: ₹14,467 (23 shares)
- sNII: ₹2,02,538 (322 shares)
- bNII: ₹10,12,690 (1,610 shares)
- Important Dates:
- Subscription: February 10-12, 2025
- Allotment: February 13, 2025
- Listing: February 17, 2025 (BSE, NSE)
2. Hexaware Technologies Limited IPO
Issue Details:
- Issue Size: ₹8,750 crores (Offer for Sale of 12.36 crore shares)
- Price Band: ₹674 to ₹708 per share
- Minimum Investment:
- Retail: ₹14,868 (21 shares)
- sNII: ₹2,08,152 (294 shares)
- bNII: ₹10,11,024 (1,428 shares)
- Important Dates:
- Subscription: February 12-14, 2025
- Allotment: February 17, 2025
- Listing: February 19, 2025 (BSE, NSE)
3. Quality Power IPO
Issue Details:
- Issue Size: ₹858.70 Crores
- Price Band: ₹401 - ₹425
- Minimum Investment:
- Retail: ₹11,050 (26 Shares)
- sNII: ₹2,09,950 (494 shares)
- bNII: ₹10,05,550 (2,366 shares)
- Important Dates:
- Subscription: February 14-18, 2025
- Allotment: February 19, 2025
- Listing: February 21, 2025 (BSE, NSE)
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How to Apply for These IPOs
- Log in to your trading account (eg. Groww, Zerodha, Kotak neo, Hem Securities)
- Go to the IPO section
- Select the IPO you want to apply for
- Enter the number of lots and price
- Submit your application
FAQs
1. Can I apply for multiple IPOs at once?
Yes, you can apply for all three IPOs simultaneously if you have sufficient funds.
2. What is the minimum investment required?
The minimum investment varies by IPO, ranging from approximately ₹11,050 to ₹14,868 for retail investors.
3. When will the shares be listed?
Ajax Engineering shares will be listed on February 17, and Hexaware Technologies on February 19, 2025.