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This week, Ajax Engineering and Hexaware Technologies, along with six SMEs, launch their IPOs. Ajax Engineering, a top manufacturer of concrete equipment, set a price band of ₹599-629 per share. The IPO is an offer-for-sale (OFS) of 2.01 crore shares by existing shareholders. Hexaware Technologies’ IPO, valued at ₹8,750 crore, has a price band of ₹674-708 per share and is also a pure OFS.
In addition, six small and medium-sized enterprises (SMEs) are opening their IPOs. These include Chandan Healthcare, Maxvolt Energy, and others. They aim to raise funds for various business needs, including expansion and working capital.
The IPO market’s activity reflects growing investor interest and confidence in these companies’ potential. Investors should carefully evaluate each IPO, considering factors like financial health, growth prospects, and industry trends before making investment decisions.
