IPOs to look forward to in India this week
23 Mar 2025

This week, the primary market in India will not witness any new initial public offerings (IPOs) in the mainboard segment.

However, four new public issues are scheduled to launch in the Small and Medium-sized Enterprises (SME) category.

Meanwhile, five new companies are also set to list on Indian exchanges this week.

Desco Infratech launches IPO on March 24
Desco Infratech

Desco Infratech's IPO will open for subscription on March 24 and close on March 26.

This SME IPO is a book-built issue of ₹30.75 crore and consists of an entirely fresh issue of 20.50 lakh shares.

The price band for this upcoming SME IPO has been fixed at ₹147-150 per share, with Smart Horizon Capital Advisors Private Limited as the book-running lead manager and Bigshare Services as the registrar.

Shri Ahimsa Naturals to debut on March 25
Shri Ahimsa Naturals

Shri Ahimsa Naturals's IPO will open for subscription on March 25 and close on March 27.

This SME IPO is a book-built issue worth ₹73.81 crore, including a fresh issue of 42.04 lakh shares aggregating to ₹50.02 crore and an offer for sale of 19.99 lakh shares aggregating to ₹23.79 crore.

The price band is ₹113 to ₹119 per share, with Srujan Alpha Capital Advisors LLP as lead manager and Cameo Corporate Services Limited as registrar.

ATC Energies and Identixweb IPOs to follow
ATC Energies

ATC Energies's IPO will open for subscription on March 25 and close on March 27.

The SME IPO is a book-built issue worth ₹63.76 crore, including a fresh issue of 43.24 lakh shares aggregating to ₹51.02 crore and an offer for sale of 10.80 lakh shares aggregating to ₹12.74 crore.

The price band is ₹112 to ₹118 per share, with Indorient Financial Services Ltd as lead manager and Kfin Technologies Limited serving as registrar.

Identixweb to open subscription on March 26
Identixweb

Identixweb's IPO will open for subscription on March 26 and close on March 28. This SME IPO is a book-built issue of ₹16.63 crore, consisting of an entirely fresh issue of 30.80 lakh shares.

The price band for this upcoming SME IPO has been fixed at ₹51 to ₹54 per share, with Beeline Capital Advisors Pvt Ltd as the lead manager and Skyline Financial Services as the registrar.

Take a look at the new listings
New listings

Paradeep Parivahan is set to be listed on BSE SME on March 24, alongside Divine Hira Jewellers on NSE SME the same day.

Grand Continent Hotels will be listed on NSE SME on March 27, followed by Rapid Fleet on March 28.

Active Infrastructures is also expected to debut on NSE SME on March 28, with the listing date marked as tentative.