It looks like Avanse Financial, Ather Energy and JSW Cement are some of the IPOs expected to launch with amounts ₹3,500.00 Cr., ₹4000 crores, and major IPO are yet to be announced with the price band and issue size, however, these could have happened in the February 2025 and ready to shake the stock market in February.
Since market sentiment was not satisfactory various IPO was not listed at expectation, wherein many IPOs were SME and Mainline also. However, now that the fed rate has been declared to be stable, there might be possibilities of increment in market conditions.
Here is the list of upcoming IPOs in February 2025. Let’s find out the current Mainline and SME IPOs that open this February month and in the forthcoming weeks in one place.
| Upcoming IPO | Opening Date | Closing Date | Type of IPO | IPO Size | Price Band |
| Chamunda Electrical | 4 February | 6 February | SME | ₹14.60 Cr. | ₹47 to ₹50 |
| Ken Enterprises | 5 February | 7 February | SME | ₹83.65 Cr. | ₹94 |
| Solarium Green Energy | 6 February | 10 February | SME | ₹105.04 Cr. | ₹181 to ₹191 |
| Readymix Construction Machinery | 6 February | 10 February | SME | Rs37.66 Cr. | ₹121 to ₹123 |
| Eleganz Interiors | 7 February | 11 February | SME | ₹78.06 Cr. | ₹123 to ₹130 |
| Ajax Engineering | 10 February | 12 February | Mainboard | ₹1,269.35 Cr. | ₹599 to ₹629 |
| Chandan Healthcare | 10 February | 12 February | SME | ₹107.36 Cr. | ₹151 to ₹159 |
| PS Raj Steels | 12 February | 14 February | SME | ₹28.28 Cr. | ₹132 to ₹140 |
| Hexaware Technologies | 12 February | 14 February | Mainboard | Rs 8,750 Cr. | ₹674 to ₹708 |
| Voler Car | 12 February | 14 February | SME | Rs 27.00 Cr. | ₹85 to ₹90 |
| MaxVolt Energy | 12 February | 14 February | SME | Rs 54.00 Cr. | ₹171 to ₹180 |
| L.K. Mehta Polymers | 13 February | 17 February | SME | ₹7.38 Cr. | ₹71 |
| Shanmuga Hospital | 13 February | 18 February | SME | ₹20.62 | ₹54 |
| Quality Power | 14 February | 18 February | Mainboard | TBA | TBA |
| Arisinfra Solutions | TBA | TBA | Mainboard | Rs 600 Cr. | TBA |
| Avanse Financial | TBA | TBA | Mainboard | ₹3,500.00 Cr. | TBA |
| Rosmerta Digital Services | TBA | TBA | SME | ₹206.33 Cr. | ₹140 to ₹147 |
| Solar91 Cleantech | TBA | TBA | SME | ₹106 Cr. | ₹185 to ₹195 |
| Vikram Solar | TBA | TBA | Mainboard | TBA | TBA |
| JSW Cement | TBA | TBA | Mainboard | ₹4000 Cr. | TBA |
| Ather Energy | TBA | TBA | Mainboard | TBA | TBA |
| Vikran Engineering | TBA | TBA | Mainboard | TBA | TBA |
| Star Agriwarehousing | TBA | TBA | Mainboard | ₹450 crores | TBA |
1. Chamunda Electrical
The Chamunda Electrical IPO started on February 4, 2025, and close on February 6, 2025. It is a book-built issue, along with an aim of ₹14.60 crores through the IPO, wherein fresh issue of Rs ₹14.60 crores and an offer for sale of up to [.] equity shares, each with a face value of ₹10. An IPO has a price band of ₹47 and ₹50 for each share.
Significantly, 35% of places are allocated for retail categories investors, while 15% are for High Net-worth Individuals (HNIs), and half of (50%) of places for Qualified Institutional Buyers (QIBs). Chamunda Electrical IPO is prepared to be launched on the NSE stock exchange on February 11, 2025.
2. Ken Enterprises
Ken Enterprises is launching its IPO (Initial Public Offering) from February 5 to February 7, 2025. The company aims to raise around ₹83.65 crores. This includes Fresh Issue: ₹58.27 crores & Offer for Sale: 27,00,000 shares, each with a face value of ₹10. Ken Enterprises IPO price band is ₹94 per share.
The retail quota is 50%, QIB is 00%, and HNI is 50%. Ken Enterprises IPO to list on NSE on February 12, 2025.
3. Solarium Green Energy
The initial public offering (IPO) of Solarium Green Energy is scheduled to open on February 6, 2025, and close on February 10, 2025. The company plans to generate approximately ₹105.04 crores through an initial public offering (IPO), which will include a new ₹105.04 crore issue with a face value of ₹10 per share. The price range for Solarium Green Energy’s IPO is ₹181 to ₹191 per share.
4. Readymix Construction Machinery
The Readymix Construction Machinery IPO will open on February 6, 2025, and close on February 10, 2025. An IPO is coming to raise around ₹37.66 crores. this amount will come entirely from a fresh issue of ₹37.66 crores, with no offer to sell existing shares. Each share has a face value of ₹10. The IPO’s price band is between ₹121 and ₹123 per share.
5. Eleganz Interiors
Eleganz Interiors IPO’s open date is February 7, 2025, and the IPO will close on February 11, 2025. Eleganz Interiors IPO is a Book Built Issue. The company is to raise around ₹78.06 crores via IPO that comprises fresh issue of ₹78.06 crores and offer for sale up to [.] equity shares with a face value of ₹10 each.
Eleganz Interiors IPO price band is ₹123 to ₹130 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Eleganz Interiors IPO to list on NSE on February 14, 2025.
6. Ajax Engineering
Ajax Engineering IPO is opening from 10th to 12th February 2025. Via this IPO, the company is going to generate ₹1,269.35 crores with the OFS of Rs 2,01,80,446 equity shares and all shares have a face value of ₹1. Furthermore, the price band for the IPO is set between ₹599 and ₹629 per share.
7. Chandan Healthcare
Chandan Healthcare IPO is an SME IPO. Chandan Healthcare IPO duration is 10th to 12th February 2025, and it is a combination of fresh issues of Rs of ₹70.79 crores and OFS up to 22,99,936 equity shares with face value of ₹10 each. Moreover, it has a price band ₹151 to ₹159 per share.
Additionally, Chandan Healthcare Limited is involved in diagnostic centers means it offers healthcare solutions. It has around 169 routine pathology tests and haematology, adding 713 specialized tests along with x-rays, ultrasonography, CT, MRI, and specialized CT scans.
8. PS Raj Steels
PS Raj Steels IPO’s open date is February 12, 2025, and the IPO will close on February 14, 2025. It has a retail category of 35%, QIB of 50%, and HNI of 15%, respectively. It has around Rs 28.28 crores through this IPO, which has a fresh issue of Rs ₹28.28 crores with a face value of Rs 10 each. PS Raj Steels IPO price band is ₹132 to ₹140 per share.
9. Hexaware Technologies
Hexaware Technologies IPO is opening from 12th February to 14th February 2025. It has OFS of Rs up to 12,35,87,570 equity shares with a face value of ₹1 each. Moreover, this company has set a price band between ₹674 to ₹708 per share.
It is involved in the business of IT, and business-related solutions are the most important for every human being, Hexaware is one of the top companies that provide IT and business solutions to their customers.
10. Voler Car
The Voler Car IPO is set to open on February 12, 2025, and will close on February 14, 2025. It will be offered through a Book Built Issue method. An IPO has a fresh issue of Rs ₹27.00 crores with a face value of ₹10 each. Further price band is set between ₹85 to ₹90 per share.
Volar Car Limited is one of the leading firms that provides the same ETS (Employee Transportation Services) to MNCs and other corporate companies.
11. MaxVolt Energy
MaxVolt Energy is an SME IPO starting from 12th February to 14th February 2025. An IPO comprising only OFS process and sales of up to 6,00,000 equity shares with a face value of ₹10 each. Its price band is ₹171 to ₹180 per share.
It was founded in 2019 and is involved in manufacturing Lithium-ion batteries. Its lithium-ion batteries are very helpful in making electric vehicles such as E-scooters, E-Rickshaws, and E-Cycles.
12. L.K. Mehta Polymers
L.K. Mehta Polymers IPO open date is February 13, 2025, and will close on February 17, 2025. An IPO considered ₹7.38 crores through IPO combining fresh issue ₹7.38 crores, which would be used for the company’s purposes.
Moreover, a share has a face value of ₹10. L.K. Mehta Polymers IPO price band is ₹71 per share.
L.K Mehta was established in 1995 and it is located in Madhya Pradesh, India. Along with 29 years of experience in this field, L.K Mehta Ltd has 20 Indian States and 500+ trusted customers. This has a business of making and selling plastic products.
13. Shanmuga Hospital
Shanmuga Hospital IPO open date is February 13, 2025, and the IPO will close on February 17, 2025. This IPO will raise ₹20.62 crores through new issues with a face value of ₹10 each. It has a price band of ₹54 per share.
Shanmuga Hospital is located in Salem and has a business of providing medical facilities to all the patients, with 29 years of experience, nowadays they have a strong consumer relationship.
14. Quality Power
Quality Power IPO’s open date is February 14, 2025, and the IPO will close on February 18, 2025. The company is to raise around ₹[.] crores via IPO that comprises fresh issue of ₹225 crores and offer for sale up to 1,49,10,500 equity shares with a face value of ₹10 each. In this IPO The retailers have 10%, QIB is 75%, and HNI is 15%.
Quality Power Ltd is renowned for its high voltage equipment and solutions for grid connectivity and energy transitions, as well as is committed to providing power generation, transmission, distribution, and automation, including renewable energy applications.
15. Arisinfra Solutions
Arisinfra Solutions IPO is to surge around ₹600 crores in fresh issues with a face value of Rs 2 each, and a retail quota is 10%, QIB is 75%, and HNI of 15%. It is going to be listed on both BSE and NSE platforms soon.
Arisinfra Solutions is one of the leading firms in terms of Making the process of buying construction materials simpler and faster by using digital tools. Although it has a good financial background such as d assets of ₹492.83 crore and revenue of ₹702.36 crore for the financial year ending March 31, 2024.
16. Vikran Engineering
Vikran Engineering, an Engineering, Procurement, and Construction (EPC) firm, is set to raise Rs 1,000 crore through an IPO, which is a combination of a fresh issue of Rs 900 crore and an offer for sale worth Rs 100 crore by the promoter. IPO details are yet to be announced.
17. Star Agriwarehousing
Star Agriwarehousing IPO includes a fresh issue of ₹450 crores and an offer for sale of up to 26,919,270 equity shares, each with a face value of ₹2.
The allocation will be 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). Star Agriwarehousing plans to list on the BSE and NSE.
18. Avanse Financial Services
Avanse Financial Services IPO is a book-built issue and likely to generate around ₹3,500.00 crores through IPO that combination of fresh issues of ₹1,000.00 crores with a face value of ₹5 each.
Avanse Financial Services IPO price band is yet to be announced, while quotas have been announced. The retail quota is 35%, QIB is 50%, and HNI is 15%. Avanse Financial Services IPO is going to be listed on BSE & NSE.
19. Rosmerta Digital Services
Rosmerta Digital Services IPO has an aim to raise ₹206.33 crores which is an entirely fresh issue of ₹206.33 crores with a face value of ₹2 each.
Rosmerta Digital Services IPO price band is ₹140 to ₹147 per share. An IPO has 3 main quotas such as, a retail quota is 35%, a QIB is 50%, and an HNI is 15%. This IPO is proposed to be listed on BSE.
20. Solar91 Cleantech
Solar91 Cleantech’s IPO goal is to increase ₹106 crores via IPO has a fresh issue of ₹106 crores with a face value of ₹10 each. Solar91 Cleantech IPO price band is ₹185 to ₹195 per share.
This firm has a goal to provide national and international solar transitions. Moreover, it is giving the best in PM KUSUM with the engineering, procurement, and construction services for solar projects.
21. Vikram Solar
Vikram Solar IPO is a Book Built Issue, and Vikram Solar IPO issue size is yet to be announced yet, however, it will be declared soon. The offering includes a fresh issue of ₹1,500 crores and an offer for sale of up to 17,450,882 equity shares, each with a face value of ₹10. Significantly, in this IPO, for retailers 35% place, while QIB has 50% and 15% for High Net-worth Individuals (HNIs). Moreover, it has a purpose to get positions on the NSE and BSE stock exchanges.
22. JSW Cement
JSW Cement IPO has the aim of surging financial condition via IPO which is a fully fresh issue of ₹2,000 crores with a face value of ₹10 each.
Moreover, in JSW cement IPO 35% place has been reserved for retaillars, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-worth Individuals (HNIs). An IPO shares will be listed on the NSE and BSE stock exchanges.
23. Ather Energy
Ather Energy IPO is a Book Built Issue. The company is to raise around ₹[.] crores via IPO that comprises fresh issues of ₹3,100.00 crores with a face value of ₹1 each.
Financially, it has a revenue of Rs 17836 million in 2023. This firm has 116 experience centers across 92 cities.
The retail quota is 10%, QIB is 75%, and HNI is 15%. Ather Energy IPO to list on BSE, NSE.
Note: This news article is created only for educational purposes. It is not meant as an approval or recommendation to invest in any securities. Investors should conduct their research and get advice from financial advisors before making any investment decisions.
