IPOs This Week: Powerica, Sai Parenteral's Among Six Issues Opening For Bidding — Check Details

Here's a look at the key details of the IPOs set to be launched in the coming week.

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The IPO market has witnessed subdued activity so far this year.
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Summary is AI-generated, newsroom-reviewed
  • Three mainboard IPOs Powerica, Amir Chand Jagdish Kumar, Sai Parentrals will open next week
  • Three SME IPOs Tipco Engineering, Highness Microelectronics, Vivid Electromech are also scheduled to open
  • Powerica IPO size is Rs 1,100 crore, with price band placed at Rs 375-395 per share
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Primary market investors are expected to see significant activity, with three mainboard initial public offerings, and three small and medium enterprises (SME) IPO opening for subscription next week, starting March 23.

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Powerica Ltd., Amir Chand Jagdish Kumar Ltd., and Sai Parentral's Ltd. are among the companies scheduled to launch their public offers in the mainboard segment.    

The IPO market has witnessed subdued activity so far this year, with the launch of only a few mainboard and SME issues. However, the IPO pipeline in 2026 seems robust, with more than 200 companies gearing up to raise an estimated Rs 2.5 lakh crore. In 2025, the mainboard IPOs mobilised a record Rs 1.76 lakh crore from the primary market.

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Mainboard IPOs Opening This Week

Powerica

  • Issue opens: Tuesday, March 24
  • Issue closes: Friday, March 27
  • Issue size: Rs 1,100 crore
  • Price band: Rs 375–395 per share
  • Lot size: 37 shares
  • Listing: BSE and NSE

Amir Chand Jagdish Kumar (Exports) 

  • Issue opens: Tuesday, March 24
  • Issue closes: Friday, March 27
  • Issue size: Rs 440 crore
  • Price band: Rs 201–212 per share
  • Lot size: 70 shares
  • Listing: BSE and NSE

ALSO READ: 'Conspiracy': CoinDCX Flags Impersonation As FIR Filed Against Co-Founders; Says Being Targeted By Fraudsters

Sai Parenteral's 

  • Issue opens: Tuesday, March 24
  • Issue closes: Friday, March 27
  • Issue size: Rs 409 crore
  • Price band: Rs 370–392 per share
  • Lot size: 38 shares
  • Listing: BSE and NSE

SME IPOs Opening This Week

Tipco Engineering India 

  • Issue opens: Monday, March 23
  • Issue closes: Wednesday, March 25
  • Issue size: Rs 61 crore
  • Price band: Rs 84–89
  • Listing: BSE SME

Highness Microelectronics 

  • Issue opens: Tuesday, March 24
  • Issue closes: Thursday, March 26
  • Issue size: Rs 22 crore
  • Price band: Rs 114–120
  • Listing: BSE SME

Vivid Electromech Ltd

  • Issue opens: Wednesday, March 25
  • Issue closes: Monday, March 30
  • Issue size: Rs 130.54 crore
  • Price band: Rs 528–555
  • Listing: NSE SME

 ALSO READ: Mcap Of Five Of Top-10 Most Valued Firms Erodes By Rs 1 Lakh Cr; HDFC Bank Biggest Laggard

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