Four Indian Companies to Launch IPOs Worth Over Rs 6,600 Crore

Initial Public Offerings (IPOs) in India: Market Update

The Indian primary market continues to exhibit resilience despite geopolitical tensions in the Middle East and rising oil prices affecting the secondary markets. Four new IPOs will be open for public subscription next week, commencing from March 9.

Key IPOs

• Rajputana Stainless, a stainless-steel products maker, will launch its IPO on March 9 with a price band of Rs 116-122 per share. The total fund raising is expected to be Rs 255 crore.
• Innovision, a manpower services and toll plaza management provider, will open its IPO on March 10 with a price band of Rs 521-548 per share, aiming to raise Rs 323 crore.
• Raajmarg Infra Investment Trust, an infrastructure investment trust, will also open its Rs 6,000-crore IPO on March 11 with a price band of Rs 99-100 per unit.

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SME Segment

• Apsis Aerocom, a precision engineering components maker catering to the aerospace, defence, and healthcare industries, will open its Rs 35.77-crore IPO on March 11 with a price band of Rs 104-110 per share.

Listing Update

• Sedemac Mechatronics, from the mainboard segment, will list on March 11 after its IPO was subscribed 2.68 times last week.
• Acetech E-Commerce will make its market debut on the NSE Emerge on March 9, followed by Elfin Agro India on the BSE SME on March 12, and Srinibas Pradhan Constructions on March 13 on the NSE Emerge.

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