Seven Upcoming IPOs to Hit the Market Next Week: Amir Chand Jagdish Kumar and Powerica Among New Issues

Upcoming IPOs in the Primary Market

The primary market is set to witness a flurry of activity with seven new initial public offerings (IPOs) scheduled to open for subscription in the coming week. Three mainboard IPOs - Amir Chand Jagdish Kumar (Exports) IPO, Powerica IPO, and Sai Parenteral's IPO - are expected to collectively raise around ₹1,950 crore next week.

Market Sentiment

Investor sentiment remains cautious and selective, with markets closely monitoring geopolitical developments and volatility. Despite this, the IPO buzz is expected to continue, with a total of three mainboard IPOs and four other IPOs set to make their stock market debut this week.

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List of Upcoming IPOs

• Amir Chand Jagdish Kumar (Exports) IPO: Opens on March 24 and closes on March 27, with a book-built issue worth ₹440 crore. The price band has been fixed at ₹201 to ₹212 per share.
• Powerica IPO: Opens on March 24 and closes on March 27, with a book-built issue worth ₹1,100 crore. The price band has been fixed at ₹375 to ₹395 per share.
• Sai Parenteral's IPO: Opens on March 24 and closes on March 27, with a book-built issue worth ₹408.79 crore. The price band has been fixed at ₹372 to ₹392 per share.
• Tipco Engineering India IPO: Opens on March 23 and closes on March 25, with a book-built issue worth ₹60.55 crore. The price band has been fixed at ₹84 to ₹89 per share.
• Highness Microelectronics IPO: Opens on March 24 and closes on March 27, with a book-built issue worth ₹21.67 crore. The price band has been fixed at ₹114 to ₹120 per share.
• Vivid Electromech IPO: Opens on March 25 and closes on March 30, with a book-built issue worth ₹130.54 crore. The price band has been fixed at ₹528 to ₹555 per share.
• Emiac Technologies IPO: Opens on March 27 and closes on April 8, with a book-built issue worth ₹ (price band not yet announced).

New Listings

• Innovision IPO: Lists on the NSE and the BSE on Monday, March 23.
• GSP Crop Science IPO: Lists on the BSE and NSE on Tuesday, March 24.
• Novus Loyalty IPO: Lists on the BSE SME on Wednesday, March 25.

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