As April unfolds, three companies are gearing up to tap into the capital markets, aiming to raise over Rs 50 crore through their initial public offerings (IPOs). While the mainboard IPOs continue to be scarce, the spotlight is on small and medium enterprises (SMEs) making their mark. Investors can expect these offerings to remain open for bidding this week, with their stock market debuts scheduled for the second week of April.
Current IPO Landscape
The IPO scene has shown a significant slowdown in 2025 following a robust 2024. Concerns over market volatility and geopolitical tensions, particularly related to U.S. tariffs, have contributed to a lukewarm atmosphere for public offerings.
Key Highlights:
- Total companies: 3
- Combined issue size: Over Rs 50 crore
- Market conditions: Sluggish, with the Sensex and Nifty facing corrections
Upcoming IPOs This Week
Desco Infratech IPO
The Desco Infratech IPO has garnered immense interest, being 84 times oversubscribed. Investors submitted bids for 11.44 crore shares, a stark contrast to the 13.66 lakh shares available. The IPO saw a remarkable response from non-institutional investors, who oversubscribed their quota by 233 times. Shares are set to debut on the BSE SME platform on April 1.
- Issue Size: Rs 30.75 crore
- Price Band: Rs 147 – Rs 150
- Shares Offered: 20.50 lakh (including anchor and market maker allocations)
Shri Ahimsa Naturals IPO
The Shri Ahimsa Naturals IPO experienced a phenomenal response, resulting in an oversubscription of 62.71 times. On its final day, bids reached 25.9 crore shares against an offering of 41,36,400 shares. The IPO is valued at Rs 73.81 crore, with a fixed price of Rs 119 per share. Shares are expected to be listed on the NSE SME platform on April 2.
- Composition: Fresh issue of 42.04 lakh shares and an offer for sale of 19.99 lakh shares
ATC Energies System Limited IPO
The IPO of ATC Energies System Ltd. was fully subscribed, with a final tally of 1.16 times. This energy solutions provider aims to raise nearly Rs 64 crore. The issue includes a fresh offering of 43.24 lakh shares and an offer for sale of 10.80 lakh shares, with a price range of Rs 112 to Rs 118. Shares are anticipated to list on the NSE SME platform on April 2.
Identixweb IPO Overview
Closing its subscription on March 28, the Identixweb Ltd. IPO was met with enthusiastic investor interest, achieving an oversubscription of 26.15 times on its last day. This IT firm aims to raise almost Rs 17 crore through its offering of 30.80 lakh shares priced between Rs 51 and Rs 54. Expected listing on the BSE SME platform is on April 3.
Upcoming IPOs Next Week
Retaggio Industries IPO
The Retaggio Industries Ltd. IPO, which opened on March 27, aims to gather Rs 15.5 crore. This jewelry manufacturer offers 61.98 lakh shares at a price of Rs 25 each. The subscription window closes on April 2, with shares expected to list on April 7.
Infonative Solutions IPO
Running from March 28 to April 3, the Infonative Solutions IPO intends to raise Rs 24.71 crore. It consists of a fresh issue of 31.28 lakh shares priced between Rs 75 and Rs 79. Listing is anticipated on the BSE SME platform on April 8.
Spinaroo Commercial Ltd. IPO
Open for bids from March 28 to April 3, the Spinaroo Commercial IPO targets Rs 10.17 crore with shares offered at Rs 51. The expected listing date is April 8.
Important Notes for Investors
- Market Risks: Investing in IPOs carries inherent risks. It’s crucial to consult financial advisors and thoroughly review the red herring prospectus before bidding.
- Allotment Dates: Share allotments for the mentioned IPOs will be finalized shortly after their respective bidding periods.
As the capital market continues to evolve, these upcoming IPOs present intriguing opportunities for investors. Keep an eye on these offerings as they make their debut and potentially shape the future of their respective sectors.
