Kick-start your year with 2025 on a boom with the IPO Calendar of February 2025 which promises to keep you up to date on the most promising investment opportunities. Learn about all the upcoming IPOs for February 2025, including the listing of both Mainboard and SME companies. Find all out about IPO dates open and closing dates, lot size, issue price, Subscription dates, Allotment, and listing details of IPO's.

Whether you are a professional investor or an amateur investor, find the latest opportunity from the IPO and leverage promising options for this month's investments.

Mainboard IPO Calendar February 2025 

Ajax Engineering Limited IPO

Ajax Engineering IPO is a book-built issue of Rs 1,269.35 crores. The issue is entirely an offer for the sale of 2.02 crore shares.

The Ajax Engineering IPO would open for subscription on 10 February 2025, and close on 12 February 2025. The allotment for the Ajax Engineering IPO is expected to be finalized on Thursday, the 13th of February 2025. The Ajax Engineering IPO will list on BSE, NSE with a tentative listing date fixed as Monday, the 17th of February 2025.

Ajax Engineering IPO price range stands at ₹599 to ₹629 per equity share. The application of minimum lot size is 23. A minimum investment from a retail individual will be ₹14,467. In terms of investment by sNII, the minimum lot size stands at 14 lots or 322 shares worth ₹2,02,538, whereas the minimum lot size investment from bNII would be at 70 lots or 1,610 shares with a total of ₹10,12,690.

The book-running lead managers for the Ajax Engineering IPO are ICICI Securities Limited, Citigroup Global Markets India Private Limited, Jm Financial Limited, Nuvama Wealth Management Limited, and SBI Capital Markets Limited. The registrar for the issue is Link Intime India Private Ltd.

Hexaware Technologies Limited IPO

Hexaware Technologies IPO is an issue at a book-built price of Rs 8,750.00 crores. The issue is wholly an offer for sale of 12.36 crore shares.

Hexaware Technologies IPO will open for subscription on February 12, 2025, and closes on February 14, 2025. The allotment result for the Hexaware Technologies IPO will be finalized on Monday, February 17, 2025. The Hexaware Technologies IPO will get listed on BSE, NSE with a tentative listing date scheduled as Wednesday, February 19, 2025.

The Hexaware Technologies IPO price band stands at ₹674 to ₹708 per share—minimum lot size of application 21. Investment for the minimum amount of investment for retail investors is 14,868. Investment through the minimum lot size of the sNII will be of 14 lots which comprises 294 shares worth ₹2,08,152, whereas in the case of bNII, it is of 68 lots consisting of 1,428 shares worth ₹10,11,024.

The book-running lead managers of Hexaware Technologies' IPO are Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, HSBC Securities & Capital Markets Pvt Ltd, and Iifl Securities Ltd.

Kfin Technologies Limited acts as the registrar for the issue.

Quality Power Electrical Equipments Limited IPO

Quality Power IPO is a book-built issue of Rs 858.70 crores. The issue is of an initial public offering of 0.53 crore shares, aggregating Rs 225.00 crores, and an offer for sale of 1.49 crore shares aggregating Rs 633.70 crores.

Quality Power IPO is to open for subscription on February 14, 2025, and close on February 18, 2025. Allotment of Quality Power IPO will be confirmed on Wednesday, February 19, 2025. Quality Power IPO will be listed on BSE, NSE, and the tentative listing date has been scheduled for Friday, February 21, 2025.

Quality Power IPO price band has been decided at ₹401 to ₹425 per equity share.

Pantomath Capital Advisors Pvt Ltd acts as the book-running lead manager of the Quality Power IPO, while Link Intime India Private Ltd is the registrar for the issue.

SME IPO Calendar February 2025 

Chamunda Electricals Limited IPO

The book-built issue is Rs 14.60 crores under the issue of Chamunda Electricals. All 29.19 lakh fresh issue shares will form part of it.

The opening date for the subscription of Chamunda Electricals IPO is 4 February 2025 and closes on 6 February 2025. The allotment for the Chamunda Electricals IPO is likely to be finalized on Friday, 7 February 2025. The listing of Chamunda Electricals IPO has been scheduled on NSE SME with a tentative date fixed as Tuesday, 11 February 2025.

The price band for the Chamunda Electricals IPO is set at ₹47 to ₹50 per share. The minimum lot size for applying is 3000. The minimum amount of investment required by retail investors is ₹1,50,000. The minimum lot size investment for HNI is 2 lots, that is, 6,000 shares amounting to ₹3,00,000.

GYR Capital Advisors Private Limited is the book-running lead manager of the Chamunda Electricals IPO, and Kfin Technologies Limited is the registrar for the issue. Wiinance Financial Services Private Limited is the market maker for the Chamunda Electricals IPO.

Ken Enterprises Limited IPO

The issue of Ken Enterprises IPO is the fixed price issue amounting to Rs 83.65 crores. This is the combined fresh issue of 61.99 lakh shares amounting to Rs 58.27 crores and an offer for sale of 27.00 lakh shares amounting to Rs 25.38 crores.

Ken Enterprises IPO opens on 5 February 2025 and closes on 7th February 2025. The allotment for Ken Enterprises IPO will be finalized on, which is Monday. Ken Enterprises IPO will get listed on NSE SME with a probable listing date to be scheduled for Wednesday, February 12, 2025.

Ken Enterprises IPO price is at ₹ 94 per share. The minimum lot size for the application is 1200. Retail investors need an investment of a minimum amount of ₹1,12,800. HNI minimum lot size investment is 2 lots at 2,400 shares at ₹2,25,600.

Corporate Makers Capital Ltd is the book-running lead manager of Ken Enterprises IPO and Skyline Financial Services Private Ltd is the registrar for the issue. Giriraj Stock Broking Private Limited is the market maker for Ken Enterprises IPO.

Amwill Healthcare Limited IPO

Amwill Healthcare IPO is a book-built issue of Rs 59.98 crores. The issue is a combination of a fresh issue of 44.04 lakh shares aggregating to Rs 48.88 crores and an offer for sale of 10.00 lakh shares aggregating to Rs 11.10 crores.

Amwill Healthcare IPO shall open for subscription from February 5, 2025. Amwill Healthcare IPO shall close for subscription on February 7, 2025. Finalization of Allotment Date and Time Amwill Healthcare IPO will be alloted on February 10, 2025, Monday Amwill Healthcare IPO to list on BSE SME Amwill Healthcare IPO shall tentatively list on Wednesday, February 12, 2025.

Amwill Healthcare IPO price band has been fixed at ₹105 to ₹111 per share. The minimum lot size of an application is 1200. Retail investors need to invest a minimum of ₹1,33,200. The investment in terms of minimum lot size for HNI is 2 lots which would amount to ₹2,66,400.

The book-running lead manager for Amwill Healthcare's IPO is Unicon Capital Services Private Ltd while Bigshare Services Pvt Ltd acts as registrar to the issue. The Market maker of the Amwill Healthcare IPO is Globalworth Securities Limited.

Readymix Construction Machinery Limited IPO

Readymix Construction IPO is a book-built issue of Rs 37.66 crores. Entirely a fresh issue, the issue comprises 30.62 lakh shares.

The subscription to Readymix Construction IPO opened on 6 February 2025 and close on 10 February 2025. Readymix Construction IPO allotment is going to be completed on Tuesday, February 11, 2025. The IPO of Readymix Construction would be listed at NSE SME. Tentatively, it will be listed on Thursday, 13 February 2025.

The IPO price band for Readymix Construction is at ₹121 to ₹123 per share. The minimum lot size to be applied is 1000. The minimum investment amount by the retail investor would be ₹1,23,000. The minimum amount to be invested for HNI is 2 lots (2,000 shares) amounting to ₹2,46,000.

Hem Securities Limited is the book-running lead manager for Readymix Construction IPO and the registrar of the issue is Bigshare Services Pvt Ltd.

Eleganz Interiors Limited IPO

Eleganz Interiors IPO is a book-built issue of Rs 78.07 crores. The issue is an entirely fresh issue of 60.05 lakh shares.

Eleganz Interiors IPO opens on 7 February 2025 and closes on 11 February 2025. The allotment date for the IPO of Eleganz Interiors is awaited on Wednesday, February 12, 2025. The date of listing on NSE SME for the Eleganz Interiors IPO will be tentatively on Friday, February 14, 2025.

Eleganz Interiors IPO price band is ₹123 to ₹130 per share. The minimum lot size for the application is 1000. The minimum investment amount for a retail investor would be ₹1,30,000. The minimum lot size investment for HNI would be 2 lots of 2,000 shares amounting to ₹2,60,000.

Vivro Financial Services Private Limited is the book-running lead manager of the Eleganz Interiors IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. Rikhav Securities Limited is the market maker for Eleganz Interiors IPO.

Solarium Green Energy Limited IPO

The issue is entirely a fresh issue of 55.00 lakh shares and amounts to Rs 105.04 crores. Solarium Green is an issue by book building.

Solarium Green IPO will start opening for subscription on February 6, 2025. It will close its subscription process on February 10, 2025. The allotment of the Solarium Green IPO is expected to be finalized on Tuesday, the 11th of February 2025. This Solarium Green IPO will be listed in BSE SME with a tentative listing date fixed as Thursday, the 13th of February 2025.

The price band for Solarium Green's IPO is ₹181 to ₹191 per share. The minimum lot size for the application is 600. The minimum amount that retail investors will have to invest is ₹1,14,600. The lot size for HNI investment is 2 lots, where each lot is 1,200 shares with an investment value of ₹2,29,200.

Beeline Capital Advisors Pvt Ltd is the book-running lead manager of the Solarium Green IPO, and Link Intime India Private Ltd is the registrar for the issue. Spread X Securities Private Limited is the market maker for Solarium Green IPO.

PS Raj Steels Limited IPO

PS Raj Steels IPO is a book-built issue of Rs 28.28 crores. It is an all-fresh issue of 20.20 lakh shares.

PS Raj Steels IPO to open for subscription on February 12, 2025. The closing date for the issue is on February 14, 2025. The allotment for PS Raj Steels IPO is scheduled to be confirmed on Monday, February 17, 2025. The listing of PS Raj Steels IPO on NSE SME has been tentatively scheduled on Wednesday, February 19, 2025.

PS Raj Steels IPO has a price band of ₹132 to ₹140 per share. The minimum application lot size has been kept as 1000. The lowest amount that would be required in the investment process by retail investors is ₹1,40,000. By HNI it is 2 lots, of 2,000 shares or ₹2,80,000.

The book-running lead manager for PS Raj Steels IPO is Khambatta Securities Limited. Its registrar is Bigshare Services Pvt Ltd, whereas Nikunj Stock Brokers Limited acts as its market maker for PS Raj Steels IPO.

Chandan Healthcare Limited IPO

Chandan Healthcare IPO is an issue of Rs 107.36 crores on a book-built basis. The issue would comprise a fresh issue of 44.52 lakh shares, aggregating Rs 70.79 crores, and an offer for sale of 23.00 lakh shares, aggregating Rs 36.57 crores.

Chandan Healthcare IPO opens on 10 Feb 2025 and will be closed on February 12, 2025. Chandan Healthcare IPO's allotment will be made available on Thursday, February 13, 2025. The Chandan Healthcare IPO will get listed on the NSE SME exchange as soon as a date is set, with the aim of listing it around Monday, 17 February 2025.

Chandan Healthcare IPO price band has been fixed at ₹151 to ₹159 per share. The minimum lot size of the application is 800. Retail investors will be required to invest at least ₹1,27,200. For HNI, the minimum lot size investment would be 2 lots or 1,600 shares aggregating ₹2,54,400.

Unistone Capital Pvt Ltd is the book-running lead manager for the Chandan Healthcare IPO, and Kfin Technologies Limited will be the registrar for the issue. R.K. Stock Holding Private Limited will be the market maker for Chandan Healthcare's IPO.

Voler Car Limited IPO

Volera Car IPO, a book-built issue of Rs 27.00 crores. The whole issue is a fresh issue of only 30.00 lacs shares.

Voler Car IPO will open for subscription on 12 February 2025 and close on 14 February 2025. Voler Car IPO allotment is expected to be finalized on Monday, 17 February 2025. Voler Car IPO will be listed on NSE SME and the tentative date of listing is set as Wednesday, 19 February 2025.

Voler Car IPO price band is ₹85-₹90 per share. The minimum lot size for application is 1600. The minimum amount that the retail investors need to invest here is ₹1,44,000. The minimum lot size investment in HNI is 2 lots (3,200 shares) adding up to ₹2,88,000.

The book-running lead manager for the Voler Car IPO is GYR Capital Advisors Private Limited. The registrar for the issue is Kfin Technologies Limited.

Maxvolt Energy Industries Limited IPO

Maxvolt Energy, a book-build issue of 54.00 crores The issue is on a combination fresh issue of shares amounting to 24 lakh shares aggregating to Rs. 43.20 crores and an Offer for Sale in respect of the remaining 6.00 lakhs shares amounts to Rs 10.80 crores.

Maxvolt Energy IPO opens for subscription from 12 February 2025 to 14 February 2025. It is expected that the allotment for Maxvolt Energy IPO will be completed on Monday, 17 February 2025. Maxvolt Energy IPO would list on NSE SME with the tentative listing date as Wednesday, 19 Feb 2025.

The IPO price band for Maxvolt Energy stands at ₹171 to ₹180 per share. The minimum lot size for the application is 800. The amount of investment to be made by retail investors has been set as a minimum ₹1,44,000. For HNI, the minimum lot size investment is 2 lots (1,600 shares) amounting to ₹2,88,000.

Book-running lead managers are Smart Horizon Capital Advisors Private Limited. This Maxvolt Energy IPO has been issued by the registrars, that is, Bigshare Services Pvt Ltd. In fact, the market maker of this issue is Rikhav Securities Limited.

L.K. Mehta Polymers Limited IPO

The IPO of L.K. Mehta Polymers is a fixed price issue amounting to Rs 7.38 crores. It is an entirely fresh issue of 10.40 lakh shares.

The subscription process for the IPO of L.K. Mehta Polymers opens on 13 Feb 2025 and will end on February 17, 2025. The L.K. Mehta Polymers IPO allotment date will be on 18 Feb 2025. The L.K. Mehta Polymers IPO will get listed on BSE SME; in fact, it has also declared a tentative date for its listing, which will be Friday, 21st February 2025.

The L.K. Mehta Polymers IPO price is ₹71 per share. The minimum lot size for an application is 1600. Retail investors need to invest a minimum of ₹1,13,600. The investment in terms of minimum lot size for HNI is 2 lots which equals 3,200 shares and amounts to ₹2,27,200.

Swastika Investmart Ltd is the lead running book manager of L.K. Mehta Polymers IPO, and Bigshare Services Pvt Ltd acts as its registrar for the issue. Swastika Investmart Limited is the market maker for L.K. Mehta Polymers IPO.

Shanmuga Hospital Limited IPO

Shanmuga Hospital IPO is a fixed price issue of Rs 20.62 crores. The issue is entirely a fresh issue of 38.18 lakh shares.

Shanmuga Hospital IPO Open date is set for February 13, 2025, to close on 17th, February 2025. Tentatively, Allotment results for Shanmuga Hospital will be declared by 18 February 2025. In regards to the BSE SME market, Shanmuga Hospital is to list where it has preliminarily set the Listing Date as February 20th, 2025.

Shanmuga Hospital IPO price per share is at ₹54. The minimum lot size for applying is 2000. In the case of the retail investor, the minimum investment amount is ₹1,08,000. For HNI, the investment in the minimum lot size of 2 lots (4,000 shares) is ₹2,16,000.

The Shanmuga Hospital IPO has Finshore Management Services Limited as the book-running lead manager. Integrated Registry Management Services Private Limited is the registrar for the issue, and Black Fox Financial Private Limited is the market maker for Shanmuga Hospital IPO.

Tejas Cargo India Limited IPO

The Tejas Cargo IPO is a book-built issue with a total size of ₹105.84 crores, consisting entirely of a fresh issue of 63.00 lakh shares. The IPO will open for subscription on February 14, 2025, and close on February 18, 2025. The allotment is expected to be finalized on February 19, 2025, with a tentative listing date set for February 21, 2025, on the NSE SME exchange.

The price band for the IPO is set between ₹160 and ₹168 per share. Retail investors need to apply for a minimum lot size of 800 shares, requiring an investment of at least ₹1,28,000. However, to improve the chances of allotment in case of oversubscription, bidding at the cutoff price (~₹1,34,400) is advisable. HNI investors must apply for at least 2 lots (1,600 shares), amounting to ₹2,68,800.

The book-running lead manager and market maker for the issue is New Berry Capitals Private Limited, while Bigshare Services Pvt Ltd is handling the IPO registration process. With its fresh issue structure and SME listing, Tejas Cargo IPO presents an interesting investment opportunity.

Royal Arc Electrodes Limited IPO

The Royalarc Electrodes IPO is set to raise ₹36.00 crores, consisting of a fresh issue of 18.00 lakh shares worth ₹21.60 crores and an offer for sale (OFS) of 12.00 lakh shares amounting to ₹14.40 crores.

The IPO will open for subscription on February 14, 2025, and close on February 18, 2025. Investors can expect the allotment process to be finalized on February 19, 2025, with the tentative listing date set for February 21, 2025, on the NSE SME exchange.

The price band for the IPO is ₹114 to ₹120 per share, and the minimum lot size for retail investors is 1,200 shares, requiring an investment of at least ₹1,36,800. However, due to possible oversubscription, investors are advised to bid at the cutoff price, which would amount to ₹1,44,000. For HNI investors, the minimum application is 2 lots (2,400 shares), requiring an investment of ₹2,88,000.

The IPO is being managed by Fedex Securities Pvt Ltd as the book-running lead manager, with Kfin Technologies Limited as the registrar and Shreni Shares Limited as the market maker.

HP Telecom India Limited IPO

The HP Telecom India IPO has set its price at Rs 34.23 crores which constitutes the entire fresh issue amount of 31.69 lakh shares. Every share issued in this new offering amounts to 31.69 lakh.

Shareholders can subscribe to HP Telecom India IPO from February 20 through February 24, 2025. The HP Telecom India IPO will reach its allotment decision on Tuesday, February 25, 2025. The HP Telecom India IPO will get listed at NSE SME while the tentative listing date has been set for Friday, February 28, 2025.

Each share of HP Telecom India costs ₹108 as specified in the initial public offering. HP Telecom India requires a minimum purchase of 1200 shares as the basic application size. The required initial investment for retail investors stands at ₹1,29,600 while High Net Worth Investors need to invest a minimum of two lots (2,400 shares) having a total worth of ₹2,59,200.

HP Telecom India IPO is led by Interactive Financial Services Ltd as the book-running lead manager alongside Bigshare Services Pvt Ltd as the registrar of the issue. After trade Broking Pvt Ltd serves as the market maker for HP Telecom India IPO.

Swasth Foodtech India Limited IPO

The Swasth Foodtech IPO presents an IPO of 14.92 crores at a specific issue price. Swasth Foodtech has issued all new shares worth 15.88 lakh total shares through its fresh allocation.

The Swasth Foodtech IPO commences subscription on February 20, 2025, before ending on February 24, 2025. On Tuesday, February 25, the process to finalize the allotment of Swasth Foodtech IPO shares will start. The BSE SME platform will welcome Swasth Foodtech IPO for listing on February 28, 2025.

Swasth Foodtech sets its initial public offering value at ₹94 per share. Shareholders must apply for a minimum of 1,200 shares within the Swasth Foodtech IPO. Retail investors need to invest at least ₹1,12,800 through the minimum 1200-share lot and HNIs must invest two lots (2,400 shares) for ₹2,25,600 in the Swasth Foodtech IPO.

The Swasth Foodtech IPO is managed by Horizon Management Private Limited as book-running lead manager and by Mas Services Limited as registrar for the issue with Giriraj Stock Broking Private Limited serving as market maker for the venture.

Beezaasan Explotech Limited IPO

Beezaasan Explotech IPO is a book-built issue of Rs 59.93 crores. No doubt, the whole issue comprises fresh shares only.

Beezaasan Explotech IPO is expected to become available on February 21, 2025, and closes on February 25, 2025. The allotment for the Beezaasan Explotech IPO is expected to be finalized on Thursday, February 27, 2025, the day after the fund receives the collection amount. Beezaasan Explotech IPO will be listed on BSE SME on the day of listing which is fixed as Monday, March 3, 2025.

Beezaasan Explotech IPO's price band is kept at the rate of ₹165 - ₹175 per share. The smallest lot size an individual can submit that meets the application demand is 800. The retail investor can only invest a minimum amount of ₹1,32,000 and he needs a desired sum of ₹1,40,000 to bid at the cutoff price to escape the stress of oversubscription. The biggest lot investment for HNI is 2 lots (1,600 shares) with a total capital of ₹2,80,000.

Smart Horizon Capital Advisors Private Limited is the book-running lead of the Beezaasan Explotech IPO, while Kfin Technologies Limited is the registrar for the issue.

Nukleus Office Solutions Limited IPO

Nukleus Office Solutions IPO is a fixed price issue amounting to ₹31.70 crore. The entire issue comprises a fresh offering of 13.55 lakh shares. Investors can subscribe to the IPO between February 24, 2025, and February 27, 2025. The allotment is expected to be finalized on February 28, 2025 (Friday), with the stock scheduled to list on the BSE SME on March 4, 2025 (Tuesday).

The IPO is priced at ₹234 per share. Retail investors must apply for a minimum of 600 shares, requiring an investment of ₹1,40,400, while High Net-worth Individuals (HNIs) need to bid for at least 2 lots (1,200 shares), amounting to ₹2,80,800.

Sundae Capital Advisors is acting as the book-running lead manager for the IPO, while Bigshare Services Pvt Ltd is the registrar. Nikunj Stock Brokers Limited has been appointed as the market maker for the issue.

Shreenath Paper IPO

Shreenath Paper IPO is a fixed price issue worth ₹23.36 crore, consisting entirely of a fresh issue of 53.10 lakh shares. The IPO will open for subscription on February 25, 2025, and close on February 28, 2025. The allotment is expected to be finalized on March 3, 2025 (Monday), and the stock is scheduled to list on BSE SME on March 5, 2025 (Wednesday).

The IPO is priced at ₹44 per share, with a minimum lot size of 3,000 shares. Retail investors need to invest a minimum of ₹1,32,000, while High Net-worth Individuals (HNIs) must apply for at least 2 lots (6,000 shares), requiring an investment of ₹2,64,000.

Galactico Corporate Services Limited is the book-running lead manager for the IPO, while Bigshare Services Pvt Ltd is the registrar. The market maker for the issue is Pure Broking Private Limited.