The Indian primary market is gearing up for an exciting week ahead, particularly in the small and medium enterprise (SME) sector, even though the mainboard segment is set to remain quiet with no new initial public offerings (IPOs) on the horizon. Investors can look forward to four new public issues launching soon, alongside the listings of five recently completed IPOs.

Thriving IPO Landscape in FY2025

The excitement surrounding IPOs has intensified in FY2025, showcasing a significant surge in fundraising activities. Total funds raised have skyrocketed to ₹1,53,987 crores, nearly three times the previous year’s totals. The number of investors has also soared, jumping from 4.9 crores in FY2020 to an impressive 13.2 crores by December 31, 2024.

Industry insights reveal that numerous foreign entities are now listing their local subsidiaries on Indian exchanges, aiming to generate capital for expansion. “The Indian stock market has proven to be robust and resilient amid global uncertainties, characterized by substantial retail and foreign participation,” notes Mahavir Lunawat, the Group Founder and Managing Director of Pantomath Financial Services and Chairman of the Association of Investment Bankers of India (AIBI).

Upcoming IPOs to Watch

Here’s a quick overview of the exciting IPOs set to open for subscription next week:

• Desco Infratech IPO

  • Subscription Dates: Opens on March 24 and closes on March 26.
  • Issue Size: ₹30.75 crore, with a total of 20.50 lakh shares being offered.
  • Price Band: ₹147 to ₹150 per share.
  • Lead Manager: Smart Horizon Capital Advisors Private Limited.

• Shri Ahimsa Naturals IPO

  • Subscription Dates: Opens on March 25 and closes on March 27.
  • Issue Size: ₹73.81 crore, which includes a fresh issue of 42.04 lakh shares.
  • Price Band: ₹113 to ₹119 per share.
  • Lead Manager: Srujan Alpha Capital Advisors LLP.

• ATC Energies IPO

  • Subscription Dates: Opens on March 25 and closes on March 27.
  • Issue Size: ₹63.76 crore, comprising a fresh issue of 43.24 lakh shares.
  • Price Band: ₹112 to ₹118 per share.
  • Lead Manager: Indorient Financial Services Ltd.
• Identixweb IPO
  • Subscription Dates: Opens on March 26 and closes on March 28.
  • Issue Size: ₹16.63 crore, with 30.80 lakh shares available.
  • Price Band: ₹51 to ₹54 per share.
  • Lead Manager: Beeline Capital Advisors Pvt Ltd.

Recent IPO Listings

Investors should also keep an eye on the recent IPO listings, which include:

• Paradeep Parivahan IPO: Allotment finalization on March 20, listing on BSE SME scheduled for March 24.
• Divine Hira Jewellers IPO: Allotment finalized on March 20, listing on NSE SME on March 24.
• Grand Continent Hotels IPO: Allotment expected on March 25, with a tentative listing on NSE SME set for March 27.
• Rapid Fleet IPO: Allotment anticipated on March 26, with a listing on NSE SME proposed for March 28.
• Active Infrastructures IPO: Allotment expected on March 26, with a listing on NSE SME planned for March 28.

With these developments, the Indian IPO market is positioned for a vibrant period, offering numerous opportunities for investors to engage and benefit from the expanding SME sector.