Upcoming IPOs This Week: The primary market is gearing up for another busy week, with a fresh wave of initial public offerings (IPOs) lined up for investors. A total of seven new issues are set to open for subscription, spanning both mainboard and SME segments, even as market sentiment remains cautious amid global uncertainties. Among these, three mainboard IPOs, Amir Chand Jagdish Kumar (Exports), Powerica, and Sai Parenteral, are expected to collectively raise around Rs 1,950 crore, making them the highlight of the upcoming activity.
The Amir Chand Jagdish Kumar (Exports) IPO will open on March 24 and close on March 27. This Rs 440 crore issue is entirely a fresh offering, with a price band of Rs 201 to Rs 212 per share.
The Powerica IPO, also opening on March 24, is the largest among the upcoming issues, with a total size of Rs 1,100 crore. It includes both a fresh issue and an offer for sale, priced between Rs 375 and Rs 395 per share.
Similarly, the Sai Parenteral IPO will be open during the same period, aiming to raise Rs 408.79 crore through a mix of fresh issue and offer for sale. The price band has been fixed at Rs 372 to Rs 392 per share.
SME IPOs Add To Market Activity
In the SME segment, several smaller offerings are set to attract investor attention. The Tipco Engineering India IPO opens on March 23 and closes on March 25, with a price band of Rs 84 to Rs 89 per share.
The Highness Microelectronics IPO will be available for subscription from March 24 to March 27, priced between Rs 114 and Rs 120 per share.
Meanwhile, the Vivid Electromech IPO is scheduled to open on March 25 and close on March 30, with a price band of Rs 528 to Rs 555 per share.
Another offering, the Emiac Technologies IPO, will open on March 27 and remain available until April 8. The price band for this issue has not yet been disclosed.
New IPO Listings To Hit the Market
Apart from fresh issues, the market will also see listings of recently closed IPOs. Innovision IPO will debut on March 23, followed by GSP Crop Science IPO on March 24. The Novus Loyalty IPO is set to list on March 25 in the SME segment.
With multiple IPOs opening and listings lined up, the coming week is expected to keep primary market investors actively engaged. However, ongoing global developments and market volatility may influence subscription trends and investor participation.
(Disclaimer: This article is meant solely for informational and educational purposes. The views and opinions expressed are those of individual analysts or brokerage firms and do not reflect the stance of Times Now. Readers are advised to consult certified financial experts before making any investment decisions.)
