IPO

This week, six new SME IPOs are set to open, while three companies will make their market debut, following four listings last week.

The mainboard IPO market will stay inactive for the fourth consecutive week. Four IPOs will open in the SME segment this week, and one is scheduled for listing, following three debuts last week.

The mainboard IPO market will remain inactive for the third straight week. Activity in the SME segment is also slowing, with only one IPO set to open next week. Three IPOs are set for listing this week, while three others made their debut last week.

SME action continues with three IPOs opening and three listings. Last week saw six IPO debuts, including two in the mainline segment.

IPO activity remains steady, with eight companies set to list this week, three opening for subscription, and six that debuted last week.

Issue Snapshot: Issue Open: February 14 February 18 2025 Price Band: Rs. 401 425 *Issue Size: 2,02,04,618 Equity Shares (Rs.858.7 cr) including Fresh issue of 52,94,118 Equity Shares (Rs. 225 cr) + Offer for sale 1,49,10,500 equity shares (Rs. 633.7 cr) Reservation for: QIB atleast 75% eq sh Non-Institutional alteast 15% eq sh ((including 1/3rd for applications between Rs.2 lakhs to Rs.10 lakhs)) Retail atleast 10% eq sh Face Value: Rs 10 Book value: Rs 33.07 (September 30, 2024) Bid size: - 26 equity shares and in multiples thereof 100% Book built Issue IPO Note - Quality Power Electrical Equipments Ltd

IPO NOTE

• Quality Power Electrical Equipments Limited is an Indian company that serves global clients in critical energy transition equipment and power technologies.
• The company provides high voltage electrical equipment and solutions for grid connectivity and energy transition, specializing in power products and solutions across power generation, transmission, distribution, and automation sectors. Additionally, it offers equipment and solutions for emerging applications, such as largescale renewable energy integration.

Issue Snapshot: Issue Open: February 12 February 14 2025 Price Band: Rs. 674 708 (Employee Discount Rs 67) *Issue Size: Offer for sale of upto Rs 8750 cr Reservation for: QIB upto 50% eq sh Non-Institutional alteast 15% eq sh ((including 1/3rd for applications between Rs.2 lakhs to Rs.10 lakhs)) Retail atleast 35% eq sh Face Value: Rs 1 Book value: Rs 79.92 (September 30, 2024) Bid size: - 21 equity shares and in multiples thereof 100% Book built Issue IPO Note - Hexaware Technologies Limited

• Hexaware Technologies Limited, a global digital and technology services company, is centered around artificial intelligence (AI), delivering innovative, AI-driven solutions for digital transformation.
• Hexaware leverages its domain expertise to develop three AI-enabled digital platforms that create value for its customers across its service offerings: (1) RapidXTM, for digital transformation, (2) Tensai®, for AI-powered automation and (3) Amaze®, for cloud adoption.

IPO Note

• Ajax Engineering is a leading manufacturer of concrete equipment with a wide range of products and solutions, including Self-Loading Concrete Mixers (SLCMs), batching plants, transit mixers, boom pumps, slip-form pavers, and 3D concrete printers.
• By September 30, 2024, the company had developed 141 equipment variants and sold over 29,800 units in India in the last ten years.