Upcoming IPOs and Listings to Watch Next Week
Renewed Activity in the Primary Market
Next week, the primary market is poised for increased activity with three initial public offerings (IPOs) set to open for subscription. Among these, one will be a mainboard IPO, while the other two will be launched on the SME platform. Investors will be keenly observing subscription rates, grey market premiums, and the performance of these new public offerings as they enter the Indian market.
The mainboard IPO from SEDEMAC Mechatronics is scheduled to commence on March 4 and will conclude on March 6. This book-built issue consists of an offer-for-sale (OFS) of 0.80 crore shares, totaling Rs 1,087.45 crore. As this is an OFS, the shares will be sold directly to the public by existing shareholders, meaning the proceeds will benefit the sellers rather than the company itself. Allotment is anticipated on March 9, with a tentative listing on the BSE and NSE set for March 11, 2026.
SME IPOs to Keep an Eye On
In the SME sector, two new IPOs are set to launch next week. Elfin Agro India will open its subscription on March 5 and close on March 9, offering a fixed-price issue worth Rs 25.03 crore, entirely consisting of a fresh issue of 0.53 crore shares. Meanwhile, Srinibas Pradhan Constructions will initiate its IPO on March 6, closing on March 10. This book-built issue is valued at Rs 20.32 crore and includes a mix of fresh shares totaling 0.17 crore (Rs 16.79 crore) along with an OFS of 0.04 crore shares (Rs 3.53 crore).
New Listings on the Horizon
Additionally, next week will see eight new listings across both mainboard and SME segments: Shree Ram Twistex IPO will list on the BSE and NSE on March 2, 2026; Clean Max Enviro Energy Solutions IPO will also list on March 2, 2026; Reva Diamond Jewellery IPO is tentatively set for listing on March 4; Omnitech Engineering IPO is expected to list on March 5; Kiaasa Retail IPO will list on the BSE SME on March 2, 2026; Mobilise App IPO is tentatively set for listing on the NSE SME on March 2, 2026; Accord Transformer & Switchgear IPO will list on the BSE SME on March 2, 2026; and Yaap Digital IPO is expected to list on the NSE SME on March 5, 2026.