Tue Feb 18 08:58:55 UTC 2025: **Two Major IPOs Set to Debut This Week**

**MUMBAI, INDIA – February 18, 2024** – The Indian stock market is gearing up for the arrival of two significant initial public offerings (IPOs) this week: Quality Power Electrical Equipments Ltd. and Hexaware Technologies Ltd. These IPOs are expected to generate considerable investor interest, although current grey market premiums (GMPs) suggest a potentially subdued market debut.

Hexaware Technologies, an IT consulting firm, concluded its IPO earlier this week, aiming to raise ₹8,750 crore (approximately $1 billion USD), making it one of the largest IPOs of the year so far. The IPO, entirely an offer-for-sale of 12.36 crore shares, priced between ₹674 and ₹708, is scheduled to list on February 19th. Despite its size, the Hexaware IPO has seen limited interest in the grey market, with the GMP currently at zero, suggesting a listing at the offer price.

Quality Power Electrical Equipments Ltd.’s IPO, which closes today, seeks to raise ₹858.7 crore (approximately $100 million USD). The IPO consists of a fresh issue of shares worth ₹225 crore and an offer-for-sale of shares worth ₹633.7 crore, priced between ₹401 and ₹425. The company’s shares are expected to debut on February 21st. Similar to Hexaware, the GMP for Quality Power is currently at zero, indicating a flat listing at the upper price band. While the GMP reached a high of ₹135 earlier this month, it has since declined significantly.

While both IPOs have generated some buzz, the current lackluster GMPs suggest that investors may be exercising caution. The actual market performance of both companies upon listing will be closely watched.

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