As the financial year 2025 approaches its end, the IPO market is experiencing an unusual slowdown, particularly in March 2025. This month has been particularly quiet, marking a significant pause in activity not seen since May 2023. With no major mainboard IPOs hitting the market, questions arise—Is this merely a brief lull before a resurgence?
Looking ahead to FY26, there’s a sense of excitement as several well-known companies are expected to announce their IPOs in the coming months. However, the spotlight for now is on the SME segment, where new listings are still making waves.
Ongoing IPOs: Opportunities for Investors
Currently, while no new mainboard or SME IPOs are opening for bidding this week, there are four ongoing offerings still available for subscription, alongside four SME IPOs set to make their market debut shortly. Here’s a closer look at the active IPOs:
Retaggio Industries IPO
- Issue Size: ₹15.50 crores
- Shares Offered: 61.98 lakh shares at ₹25 each
- Subscription Period: March 27 – April 2, 2025
- Allotment Date: Expected on April 3, 2025
- Market Debut: BSE SME platform on April 7, 2025
- Advisors: Gretex Corporate Services leads the issue, with Gretex Share Broking as the market maker.
Spinaroo Commercial IPO
- Issue Size: ₹10.17 crores
- Shares Offered: 19.94 lakh shares priced at ₹51 each
- Subscription Period: March 28 – April 3, 2025
- Allotment Date: Finalization on April 4, 2025
- Market Debut: BSE SME platform on April 8, 2025
- Advisors: Finshore Management Services Limited is managing the offering, while Black Fox Financial Private Limited acts as the market maker.
Infonative Solutions IPO
- Issue Size: ₹24.71 crores
- Price Band: ₹75 to ₹79 per share (book-building format)
- Subscription Period: March 28 – April 3, 2025
- Allotment Date: April 4, 2025
- Market Debut: BSE SME platform on April 8, 2025
- Advisors: Share India Capital Services leads the issue, with Share India Securities as the market maker.
Upcoming IPO Listings
Even though new IPOs are currently paused, several SME companies that have wrapped up their subscription phases are preparing to list this week:
- Desco Infratech (BSE SME) – Listing on April 1, 2025
- Shri Ahimsa Naturals (NSE SME) – Listing on April 2, 2025
- ATC Energies (NSE SME) – Listing on April 2, 2025
- Identixweb (BSE SME) – Listing on April 3, 2025
As we move through this quieter week in the IPO landscape, investors and market watchers are eager to see how the situation unfolds, especially with anticipated listings on the horizon. Will this lull lead to a surge in the coming months? Only time will tell.
