New Delhi: Two IPOs – Ajax Engineering IPO and Hexaware Technologies IPO are in the news on Monday. While the Hexaware IPO is a book built issue of Rs 8,750.00 crore, Ajax IPO is a book built issue of Rs 1,269.35 crore.
Hexaware Technologies IPO last GMP stood at Rs 5. With the price band of 708, the shares of Hexaware are estimated to be listed at Rs 713 per equity share, which indicates 0.71 per listing gains, as per investorgain. Ajax Engineering IPO GMP stood at Rs 40, and with the price band of Rs 629.00, the shares are projected to be listed with over 6 per cent gains at Rs 669.
Ajax Engineering IPO anchor investors, allotment details
Ajax Engineering IPO opened for public subscription on February 10 and the offer will close on 12th February. The Kedaara Capital-backed concrete equipment manufacturer mobilised over Rs 379 crore from anchor investors on Sunday. The anchor investors, included Edelweiss MF, ITI MF, Amundi Funds New Silk Road, HSBC MF, Franklin Templeton Investment Funds, SBI Mutual Fund (MF), and Axis MF and others.
The company informed the BSE of alloting 60.3 lakh shares to 23 funds at Rs 629 apiece. Ajax Engineering IPO has set a price band of Rs 599 to Rs 629 per share. As per the documents, Ajax Engineering has said that it will not receive any proceeds from the IPO.
- Ajax Engineering IPO allotment expected on February 13
- The Refunds process likely to begin on 14th February
- The shares will be credited to the demat accounts of eligible shareholders on February 14
- The shares will list on BSE and NSE with a tentative date fixed February 17
Hexaware Technologies IPO price allotment, listing details
Hexaware Technologies IPO price band is set in the range of Rs 674 to Rs 708 per share, the retail investors are required to bid for a minimum lot size of 21 shares for which Rs 14,868 is required. The investors applying in the NII category, are mandated to apply for 14 lots and bNII portion investors will have to bid for 68 lots.
Hexaware Technologies IPO allotment is expected on February 17 while the unsuccessful investors would start getting their money back from 18th February. The shares are likely to be credited with the eligible shareholders’ demat accounts on February 18. The shares will list on BSE and NSE likely on February 19.
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Ajax Engineering IPO GMP indicated listing gain of less than 1 per cent. Hexaware Technologies IPO GMO indicated that the shares will list with over 6 per cent gains. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
