{"id":52035,"date":"2025-02-07T16:18:26","date_gmt":"2025-02-07T10:48:26","guid":{"rendered":"https:\/\/www.equentis.com\/blog\/?p=52035"},"modified":"2025-11-10T13:35:52","modified_gmt":"2025-11-10T08:05:52","slug":"upcoming-ipos-in-february","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/upcoming-ipos-in-february\/","title":{"rendered":"Upcoming IPOs in February 2025"},"content":{"rendered":"
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Investors benefitted greatly from 2024\u2019s IPO market when India\u2019s global<\/a> IPO share rose to 30%. The Indian IPO landscape is again set to make headlines in 2025 with an estimated fundraising of over Rs.2 lakh crore, and January 2025 turned out to be the right start to it, with 22 SMEs listed and 12 mainboard IPO DRHP filed. Is this boom likely to continue in February? Let\u2019s try to understand through a brief overview of upcoming IPOs in India<\/a> in February 2025. <\/p>\n\n\n\n

IPO Market In January 2025:<\/h2>\n\n\n\n

Over 31 companies filed their DRHP (Draft Red Herring Prospectus) in January 2025, and 7 companies were listed. Companies listed on NSE<\/a> Emerge raised around Rs.342.28 crore, and those on BSE<\/a> SME raised around Rs.645.14 crore. The overall performance of the IPOs, in terms of listing day gains, was around an average of 23%, with a few companies turning in negative post-listing profits. <\/p>\n\n\n\n

Upcoming IPOs In February 2025:<\/h2>\n\n\n\n

Upcoming IPOs<\/a> refer to companies that have submitted their Draft Red Herring Prospectus (DRHP) to SEBI<\/a> and are set to go public in 2025. Keeping track of these IPOs and their progress provides insights into market trends and sector performance.<\/p>\n\n\n\n

The complete IPO list <\/a>(upcoming) is as follows:<\/p>\n\n\n\n

Company Name<\/strong><\/td>Open Date<\/strong><\/td>Close Date<\/strong><\/td>Issue Price<\/strong><\/td>Issue Size<\/strong><\/td>Status<\/strong><\/td><\/tr>
Chamunda Electrical Ltd<\/td>4th Feb<\/td>6th Feb<\/td>Rs.47-50<\/td>Rs.14.6 crore<\/td>Open IPO<\/a><\/td><\/tr>
Amwill Health Care Ltd<\/td>5th Feb<\/td>7th Feb<\/td>Rs.105-111<\/td>Rs.59.98 crore<\/td>Open IPO<\/a><\/td><\/tr>
Ken Enterprises Ltd<\/td>5th Feb<\/td>7th Feb<\/td>Rs.94<\/td>Rs.83.65 crore<\/td>Open IPO<\/td><\/tr>
Eleganz Interiors Ltd<\/td>7th Feb<\/td>11th Feb<\/td>Rs.123-130<\/td>Rs.78.07 crore<\/td>Upcoming<\/td><\/tr>
Readymix Construction Machinery Ltd<\/td>6th Feb<\/td>10th Feb<\/td>Rs.121-123<\/td>Rs.37.66 crore<\/td>Upcoming<\/td><\/tr>
Solarium Green Energy Ltd<\/td>6th Feb<\/td>10th Feb<\/td>Rs.181-191<\/td>Rs.105.04 crore<\/td>Upcoming<\/td><\/tr>
Ajax Engineering Ltd.<\/a><\/td>10th Feb<\/td>12th Feb<\/td>Rs.599-629<\/td>Rs.1,269.35 crore<\/td>Upcoming<\/td><\/tr>
PS Raj Steels Ltd.<\/td>12th Feb<\/td>14th Feb<\/td>Rs.132-140<\/td>Rs.28.28 crore<\/td>Upcoming<\/td><\/tr><\/tbody><\/table>
Source: Moneycontrol<\/a><\/figcaption><\/figure>\n\n\n\n

Overview Of Current New IPOs <\/a>(Upcoming):<\/h2>\n\n\n\n
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  1. <\/li>\n<\/ol>\n\n\n\n

    Eleganz Interiors Limited:<\/strong><\/h3>\n\n\n\n
    Offer Price<\/td>Rs.123-130 per share<\/td><\/tr>
    Face Value<\/td>Rs.10 per share<\/td><\/tr>
    Total Issue Size (in Shares)<\/td>60,05,000 shares<\/td><\/tr>
    Total Issue Size (in Rs.)<\/td>Rs.78.07 crore<\/td><\/tr>
    Issue Type <\/td>Book Built Issue IPO<\/td><\/tr>
    Lot Size<\/td>1000 shares<\/td><\/tr>
    To be listed on<\/td>NSE SME<\/td><\/tr><\/tbody><\/table>
    Source: Prospectus<\/a><\/figcaption><\/figure>\n\n\n\n

    Eleganz Interiors Limited, incorporated in 1996, specializes in providing interior fit-out solutions for corporate and commercial spaces across India. The company transforms workspaces, offering services from bare-shell construction to fully furnished interiors. Their expertise spans corporate offices, R&D facilities, laboratories, airport lounges, flexible workspaces, and commercial retail spaces, catering to diverse industries such as IT, BFSI, pharmaceuticals, FMCG, and real estate.<\/p>\n\n\n\n

    The company is raising capital through an IPO to repay certain borrowings, meet working capital needs, and fund general corporate purposes. The IPO is a fresh issue of 60.05 lakh shares. Retail investors must apply for a minimum lot size of 1,000 shares (Rs.1,30,000), while HNIs require at least 2,000 shares (Rs.2,60,000).<\/p>\n\n\n\n

    Know More:  <\/strong>SEBI <\/b><\/a>Registered investment advisory |  Stock investment advisory<\/a><\/strong><\/pre>\n\n\n\n
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    1. <\/li>\n<\/ol>\n\n\n\n
      Readymix Construction Machinery Limited:<\/strong><\/h3>\n\n\n\n
      Offer Price<\/td>Rs.121-123 per share<\/td><\/tr>
      Face Value<\/td>Rs.10 per share<\/td><\/tr>
      Total Issue Size (in Shares)<\/td>30,62,000 shares<\/td><\/tr>
      Total Issue Size (in Rs.)<\/td>Rs.37.66 crore<\/td><\/tr>
      Issue Type <\/td>Book Built Issue IPO<\/td><\/tr>
      Lot Size<\/td>1000 shares<\/td><\/tr>
      To be listed on<\/td>BSE SME<\/td><\/tr><\/tbody><\/table>
      Source: Prospectus<\/a><\/figcaption><\/figure>\n\n\n\n
      Incorporated in 2012, Readymix Construction Machinery Limited is a specialized construction equipment manufacturer and supplier. The company provides engineering-led solutions for designing, fabricating, and installing machinery used in cement, concrete, crushing, and building material industries. It also offers end-to-end turnkey solutions, including installation, testing, maintenance, and business consultancy services.<\/p>\n\n\n\n
      The company is raising Rs.37.66 crore to support its growth through an IPO. The proceeds 1of this IPO will be used for debt repayment, meeting working capital requirements, and general corporate purposes. The IPO is a fresh issue of 30.62 lakh shares. Retail investors can apply with a minimum investment of Rs.1,23,000, while HNIs must invest in at least two lots, amounting to Rs.2,46,000.<\/p>\n\n\n\n
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      1. <\/li>\n<\/ol>\n\n\n\n
        Solarium Green Energy Limited<\/strong>:<\/h3>\n\n\n\n
        Offer Price<\/td>Rs.181-191 per share<\/td><\/tr>
        Face Value<\/td>Rs.10 per share<\/td><\/tr>
        Total Issue Size (in Shares)<\/td>54,99,600 shares<\/td><\/tr>
        Total Issue Size (in Rs.)<\/td>Rs.105.04 crore<\/td><\/tr>
        Issue Type <\/td>Book Built Issue IPO<\/td><\/tr>
        Lot Size<\/td>600 shares<\/td><\/tr>
        To be listed on<\/td>BSE SME<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        Source: Prospectus<\/a><\/p>\n\n\n\n
        Solarium Green Energy Limited, established in 2018, is a solar energy company specializing in turnkey solar solutions and integrated solar products. The company provides end-to-end services, including engineering, procurement, construction, and operations & maintenance (O&M) for residential, commercial, industrial, and government projects. SGEL also supplies solar products like PV modules, inverters, and meters, ensuring quality through BIS and ISO certifications.<\/p>\n\n\n\n
        The company is raising Rs.105.04 crores through a book-built IPO, consisting of a fresh issue of 55 lakh shares. The proceeds of this IPO will be used to fulfill working capital requirements and for general corporate purposes. Retail investors must invest at least Rs.1,14,600, while HNIs must invest in at least two lots (Rs.2,29,200).<\/p>\n\n\n\n
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        1. <\/li>\n<\/ol>\n\n\n\n
          Ajax Engineering Limited<\/strong>:<\/h3>\n\n\n\n
          Offer Price<\/td>Rs.599-629 per share<\/td><\/tr>
          Face Value<\/td>Rs.1 per share<\/td><\/tr>
          Total Issue Size (in Shares)<\/td>2,01,80,446 shares<\/td><\/tr>
          Total Issue Size (in Rs.)<\/td>Rs.1,269.35 crore<\/td><\/tr>
          Issue Type <\/td>Book Built Issue IPO<\/td><\/tr>
          Lot Size<\/td>23 shares<\/td><\/tr>
          To be listed on<\/td>BSE, NME<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
          Source: Prospectus<\/a><\/p>\n\n\n\n
          Ajax Engineering Limited, incorporated in July 1992, is a leading concrete equipment manufacturer. It offers a wide range of products and services across the value chain. With 141 equipment variants and over 29,800 units sold in India in the last decade, the company has a strong market presence supported by 51 dealerships across 23 states and an expanding global footprint.<\/p>\n\n\n\n
          The company is launching an IPO through an Offer for Sale (OFS) of 2.02 crore shares, with a price band of Rs.599 to Rs.629 per share. Retail investors can apply for at least 23 shares, requiring an investment of Rs.14,467. The proceeds from the offer will go to selling shareholders after deductions<\/a>.<\/p>\n\n\n\n
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            P S Raj Steels Limited<\/strong>:<\/h3>\n\n\n\n
            Offer Price<\/td>Rs.132-140 per share<\/td><\/tr>
            Face Value<\/td>Rs.10 per share<\/td><\/tr>
            Total Issue Size (in Shares)<\/td>20,20,000 shares<\/td><\/tr>
            Total Issue Size (in Rs.)<\/td>Rs.28.28 crore<\/td><\/tr>
            Issue Type <\/td>Book Built Issue IPO<\/td><\/tr>
            Lot Size<\/td>1000 shares<\/td><\/tr>
            To be listed on<\/td>NSE SME<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
            Source: Prospectus<\/p>\n\n\n\n
            Established in November 2004, P S Raj Steels Limited is a growing manufacturer and supplier of stainless steel pipes and tubes in India. With a production capacity of 13,460 metric tons per year in its facility in Hisar, Haryana, the company offers over 250 standard sizes for fabrication and industrial applications such as railways, furniture, and food processing.  <\/p>\n\n\n\n
            The company is raising funds through an IPO to support its working capital requirements, offering a fresh issue of 20.20 lakh shares. In 2024, it reported revenue of Rs.297.76 crore and a profit of Rs.6.36 crore. Retail investors must invest a minimum of Rs.1,40,000 (1,000 shares), while HNIs must apply for at least two lots (2,000 shares).<\/p>\n\n\n\n
            Apart from the mentioned upcoming IPOs<\/a>, there are a few IPOs awaited in February, but the subscription dates have not been declared yet; these include-<\/p>\n\n\n\n