Upcoming IPOs from 17-21 Feb: 6 SME Listings & 1 Mainboard IPO to Track Closely; Details Inside!

Dalal Street is set for an action-packed week as multiple Initial Public Offerings (IPOs) hit the market between February 17 and 21, 2025. A total of six SME IPOs and one mainboard IPO will be available for subscription, giving investors several options to explore. With the recent surge in IPO activity, market participants are keen to see how these new listings perform.

Upcoming IPOs Opening for Subscription Next Week

The following IPOs will open for subscription during the week:

• Beezaasan Explotech Limited

The Beezaasan Explotech Ltd IPO is opening on February 21 and closing on February 25, 2025. Beezaasan Explotech is offering shares in the price band of Rs.165 to Rs.175. The maximum lot size is 800, and the allotment is set to be finalized by February 27, 2025. The company specializes in manufacturing industrial explosives and has been operational since 2013.

• HP Telecom India Limited

The HP Telecom India Ltd. IPO will open on February 20, 2025, and close on February 24, 2025, with an issue price of Rs.108 per share. The IPO allotment is expected to be finalized on February 25, 2025, and the company's shares are set to be listed on NSE SME on February 28, 2025. HP Telecom India is a major player in the telecommunications sector, providing infrastructure solutions and network services across India.

Ongoing IPOs Currently Open for Subscription

The following IPOs are already active in the market and remain open for subscription:

• Shanmuga Hospital Limited IPO

Shanmuga Hospital Limited's IPO is currently open for subscription from February 13 to February 17, 2025, offering shares at a fixed price of Rs.54 per share. The total issue size is Rs.20.62 crore, consisting entirely of a fresh issue of 38.18 lakh shares. The hospital plans to utilize the IPO proceeds for upgrading medical equipment and expanding healthcare services, strengthening its position in the healthcare sector.

• Royalarc Electrodes Limited

Royalarc Electrodes Ltd.'s IPO opened for subscription on February 14 and will conclude on February 18, 2025, with a price band of Rs.114 to Rs.120 per share. The issue comprises a fresh issue of 18.00 lakh shares, which totals Rs. 21.60 crore, and an offer for sale (OFS) of 12.00 lakh shares, totaling Rs. 14.40 crore. Royalarc Electrodes is a manufacturer of welding electrodes and related products.

• Tejas Cargo India Limited

Tejas Cargo India Limited IPO started its bidding from February 14 and is set to close on February 18, 2025, with a price band of Rs.160 to Rs.168 per share. The minimum lot size is 800 shares, and the allotment is expected to be finalized on 19th February. Tejas Cargo India's shares are supposed to be listed at the exchanges on February 24, 2025. The company provides logistics and cargo services across India.

• L.K. Mehta Polymers Limited

L.K. Mehta Polymers Ltd IPO is open for subscription from February 13 to February 17, with an issue price of Rs.71 per share. The IPO requires a minimum lot size of 1,600 shares, and the allotment is expected to be finalized on 18th February. The company's shares will be listed on BSE SME on February 21st tentatively. L.K. Mehta Polymers specializes in manufacturing specialized polymer products catering to various industries.

• Quality Power Electrical Equipments Limited IPO

Quality Power Electrical Equipments Ltd mainboard IPO opened for subscription on February 14, 2025, and will close on February 18, 2025. The IPO allotment is expected to be finalized on February 19, 2025, with a tentative listing date set for February 21. The price band for the IPO is set at Rs. 401 to Rs. 425 per share with a minimum lot size of 26 shares. Quality Power Electrical Equipments Limited operates in the industrial and infrastructure sectors and is a manufacturer of electrical equipment.