February 2025 has kicked off with a flurry of IPOs from mainboard as well as SME section. From technology and construction to healthcare and infrastructure, a diverse range of companies has opened issues for bidding this month. As per the Google trends, the most searched IPOs from the mainboard segment are Ajax Engineering, Hexaware Technologies, and Quality Power Electrical Equipments. These three companies opened their bidding this month.
In addition to this, Denta Water and Dr Agarwal’s Healthcare, which opened their IPOs in January, also continue to attract a substantial interest this month.
Here’s a look at some of the most searched IPOs between February 1 and February 15-
Ajax Engineering IPO
Ajax Engineering, a company engaged in the business of construction equipment manufacturer, opened its IPO for subscription on February 10 and was closed on February 12. The price band of the issue was set between the range of Rs 599 and Rs 629 per share. The entire offering was an OFS worth Rs 1,269.35 crore. The IPO was subscribed 6.45 times. The allotment of shares was finalised on February 13, and will debut on the Indian bourses on February 17.
Hexaware Technologies IPO
Hexaware Technologies, an IT and consulting services provider, opened its IPO on February 12 and closed on February 14. A book build issue of Rs 8,750 crore, it was among the largest offerings of the month, with a price band was set between Rs 674 to Rs 708 per share. Ahead of the opening of the issue, Hexaware the company raised Rs 2,598 crore from anchor investors. The allotment of the issue is set to finalised on February 17 and the stock is set to debut on February 19.
Quality Power Electrical Equipments IPO
Quality Power Electrical Equipments opened its IPO on February 14, and will end its subscription on February 18. The company aimed to raise Rs 859 crore, offering shares in the price range of Rs 401 to Rs 425. Before the public issue, the company raised Rs 386 crore from anchor investors. The allotment of shares after the completion of bidding will be finalised February 18 and the shares are set to debut on the exchanges on February 20.
Dr Agarwal’s Healthcare IPO
Dr Agarwal’s Healthcare, a major eye care hospital chain, conducted its IPO between January 29 and January 31. The company set a price band of Rs 382 to Rs 402 per share. However, the stock had a lackluster market debut on February 4. It opened flat at Rs 402 on the NSE, matching its issue price, while on the BSE, it listed at Rs 396.90, slipping 1.27% below the offer price.
Denta Water IPO
Denta Water and Infra Solutions ran its IPO from January 22 to January 24. With a price band of Rs 279 to Rs 294 per share, the company aimed to raise Rs 220.50 crore. On January 29, the stock made a decent debut on Dalal Street, listing at Rs 330 on the BSE, 12.24% higher than its issue price.