Planning To Invest? 5 IPOs Opening This Week You Should Track

Powerica, Amir Chand Jagdish Kumar Exports, Sai Parenterals, Highness Microelectronics and Tipco Engineering lead a busy India IPO week across mainboard and SME.

India’s primary market is gearing up for another busy week, with a fresh set of public issues lined up across both mainboard and SME segments. A mix of engineering, pharmaceuticals, electronics and export-focused firms are tapping the market, signalling sustained investor appetite despite ongoing volatility in equities.

The upcoming IPO window, beginning March 24, will see companies such as Powerica Ltd., Amir Chand Jagdish Kumar (Exports) Ltd., Sai Parenteral’s Ltd., and Highness Microelectronics Ltd. opening their public issues simultaneously.

Tipco Engineering India Ltd. will kick off the week slightly earlier, opening on March 23 and closing on March 25.

Among the mainboard offerings, Powerica Ltd. stands out with a sizeable issue of Rs 1,100 crore, priced in the range of Rs 375–395 per share. The IPO is being managed by ICICI Securities and will be listed on both BSE and NSE. Market participants are likely to track this issue closely given its scale and sector relevance.

Another notable mainboard issue is Amir Chand Jagdish Kumar (Exports) Ltd., which aims to raise Rs 440 crore through its IPO priced between Rs 201 and Rs 212 per share. Sai Parenteral’s Ltd., operating in the pharmaceutical segment, is also set to raise over Rs 400 crore, with its price band fixed at Rs 372–392.

In the SME space, Highness Microelectronics Ltd. and Tipco Engineering India Ltd. are drawing attention for their relatively smaller issue sizes but niche business models. Highness Microelectronics is offering shares in the range of Rs 114–120, while Tipco Engineering has set a price band of Rs 84–89.

The pipeline reflects a broader trend of companies across sectors looking to capitalise on improved market sentiment and liquidity conditions. This comes even as investors remain cautious amid global uncertainties, including geopolitical tensions and fluctuating commodity prices.

Currently active IPOs include Speciality Medicines Ltd. and Central Mine Planning & Design Institute Ltd., both of which close on March 24. Meanwhile, Novus Loyalty Ltd., which closed earlier, is scheduled to list on March 25, providing near-term cues on investor sentiment in the SME segment.

Looking ahead, Emiac Technologies Ltd. and Vivid Electromech Ltd. are also in the queue, with their issues slated to open later in the week, further extending the IPO momentum into early April.