The stock market has been quite volatile lately, but the IPO market is showing no signs of slowing down.
The week starting March 9 is expected to be busy for investors, with several new public issues opening for subscription and multiple companies making their stock market debut.
Despite the ups and downs on BSE Sensex and Nifty 50, companies are continuing to raise funds through IPOs.
In the coming week, the market could see three mainboard IPOs, one SME IPO, and several new listings.
Here’s a quick look at the major IPOs and listings expected.
Major Mainboard IPOs Opening Next Week
One of the key offerings will come from Rajputana Stainless.
The company plans to raise around Rs 254.98 crore through its IPO.
The issue will open on March 9 and close on March 11, with a price band of Rs 116 to Rs 122 per share.
The IPO will include both fresh shares and an offer-for-sale by promoters.
The company plans to use the funds to set up a new manufacturing facility in Gujarat’s Panchmahal District, reduce existing debt, expand its product portfolio, and cover general business expenses.
Another major offering will come from Innovision Limited, a company that provides manpower and toll plaza management services.
Its Rs 322.84 crore IPO will open on March 10 and close on March 12.
The price band for the shares has been fixed between Rs 521 and Rs 548.
The issue will include a fresh issue and an offer-for-sale by promoters.
The company plans to use the fresh funds mainly for debt repayment, working capital needs, and corporate purposes.
Big Infrastructure Investment Trust IPO
Investors will also see a large infrastructure investment trust entering the market.
The IPO of Raajmarg Infra Investment Trust will open between March 11 and March 13.
This trust is sponsored by the government-backed National Highways Authority of India and plans to raise around Rs 6,000 crore.
The price band for the issue has been fixed at Rs 99 to Rs 100 per unit, making it one of the biggest offerings of the week.
SME IPO to Watch
Another company entering the public market is Apsis Aerocom.
Its IPO will open for subscription on March 11 and close on March 13.
The issue size is around Rs 35.77 crore, and it consists entirely of fresh shares.
The price band has been fixed at Rs 104 to Rs 110 per share.
Share allotment is expected by March 16, and the stock is likely to list on the NSE SME platform on March 18.
Several Companies Ready for Stock Market Debut
Apart from new IPOs, the market will also see several companies making their stock exchange debut.
Some of the companies expected to list next week include:
SEDEMAC Mechatronics – Listing expected on March 11
Acetech E-Commerce – Listing expected on March 9
Elfin Agro India – Listing expected on March 12
Srinibas Pradhan Constructions – Listing expected on March 13
With multiple IPOs and listings lined up, the coming week could be an active period for investors, even as the broader stock market continues to experience volatility.
