Upcoming IPOs Next Week: 3 new issues, 1 ongoing PSU offer, 2 listings—See full list

Upcoming IPOs Next Week: The primary market will be active next week with multiple IPOs opening for subscription. Investors will have the opportunity to participate in three major new issues spanning pharmaceuticals, power solutions, and FMCG, while one large public sector IPO is already ongoing. Here’s a detailed look at all upcoming IPOs, allotment dates, and tentative listing schedules.

New IPOs opening March 24

Sai Parenteral IPO

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Sai Parenteral’s IPO, a Rs 408.79 crore book-built issue, includes a fresh issue of 0.73 crore shares worth Rs 285 crore and an offer for sale of 0.32 crore shares aggregating to Rs 123.79 crore. The IPO opens on March 24 and closes on March 27, with allotment expected by March 30. Listing is scheduled on the NSE and BSE on April 2.

The issue price band is set at Rs 372–Rs 392 per share. Retail investors can apply for a minimum of 38 shares, requiring an investment of Rs 14,896 at the upper band. Arihant Capital Markets Ltd is the book-running lead manager, and Bigshare Services Pvt Ltd is the registrar.

Sai Parenteral, established in 2001, is a pharmaceutical formulations company with expertise in research, development, and manufacturing, and it provides services in the areas of branded generic formulations and CDMO. Its products cover the areas of cardiovascular, neuropsychiatry, anti-diabetic, respiratory, antibiotics, gastroenterology, VMS, analgesics, and dermatology.

Powerica IPO

Powerica IPO is a Rs 1,100 crore issue, comprising a fresh issue of 1.77 crore shares worth Rs 700 crore and an offer for sale of 1.01 crore shares worth Rs 400 crore. The subscription period is March 24–27, with allotment on March 30 and tentative listing on April 2.

The price band is Rs 375–Rs 395 per share, and the lot size is 37 shares. ICICI Securities Ltd is the lead manager, and MUFG Intime India Pvt Ltd is the registrar. Powerica specialises in diesel generator sets ranging from 7.5 kVA to 10,000 kVA for diverse industrial applications.

Amir Chand Jagdish Kumar IPO

Amir Chand Jagdish Kumar IPO, a Rs 440 crore fresh issue of 2.08 crore shares, opens on March 24 and closes on March 27, with allotment on March 30 and listing tentatively on April 2.

The issue price band is Rs 201–Rs 212 per share, with a lot size of 70 shares. Emkay Global Financial Services Ltd is the lead manager, and Kfin Technologies Ltd is the registrar.

The company, incorporated in 2003, is a processor and exporter of basmati rice and FMCG products, marketed under the flagship “AEROPLANE” brand and over 40 sub-brands.

Ongoing IPO

The Central Mine Planning & Design Institute (CMPDI), a subsidiary of Coal India, is an offer-for-sale (OFS) issue open until March 24. On Day 1, the subscription stood at 7 per cent, with 52,44,320 shares bid out of 7,97,89,500 total shares. Allotment is expected on March 25, with tentative listing on March 30.

Upcoming Listings

• March 23: Innovision
• March 24: GSP Crop Science

With next week’s IPOs spanning pharma, power, FMCG, and public sector enterprises, investors can diversify across sectors while keeping track of subscription, allotment, and listing dates. Retail investors should note the lot sizes and minimum investment requirements before applying to plan their bids efficiently.