7 Companies opening IPOs this week (Key Details Inside)

The IPO market is heating up this week with seven companies opening their public offerings between March 23-27.

From a rice exporter to a pharmaceutical firm and a power solutions provider, investors have plenty to watch.

This week’s lineup includes three mainboard IPOs and four SME (small and medium enterprise) issues.

In addition, four companies are set to debut on the stock exchanges.

Sai Parenteral, a pharmaceutical formulations company, will open its IPO from March 24-27.

The price band is set at Rs 372-392 per share, aiming to raise Rs 408.79 crore.

The funds will be used to:

Expand and upgrade manufacturing facilities

Set up a new R&D centre

Pay down debt

Meet working capital needs

For investors interested in the food sector, Amir Chand Jagdish Kumar (Exports) IPO will also run from March 24-27.

This is a fresh issue of 2.08 crore shares, totaling around Rs 440 crore.

The proceeds will mainly fund working capital requirements and general corporate expenses.

The price band is Rs 201-212 per share, with a lot size of 70 shares.

Powerica, a power solutions provider, will raise Rs 1,100 crore through its IPO, also open from March 24-27.

This includes Rs 700 crore fresh issue and Rs 400 crore offer-for-sale.

Of the fresh issue funds, Rs 525 crore will be used to reduce debt, while the rest will support general corporate purposes.

Price per share is set at Rs 375–395.

Alongside mainboard IPOs, four SME issues are scheduled this week:

Tipco Engineering India: Rs 60.55 crore issue, March 23-25, lot size 3,200 shares

Highness Microelectronics: March 24-27, lot size 2,400 shares

Vivid Electromech: March 25-30

Emiac Technologies: March 27-April 8, price band and lot size yet to be announced

These smaller IPOs provide investors a chance to participate in emerging companies at an early stage.

In addition to IPOs, several companies are set to list on stock exchanges next week:

Innovision – March 23

GSP Crop Science – March 24

Raajmarg Infra Investment Trust – March 25

Novus Loyalty – March 25

Investors will have plenty of opportunities to explore new listings and add fresh stocks to their portfolios.