The primary market is finally picking up its momentum as four new initial public offerings (IPOs) are all set to open for subscription next week, including Arisinfra Solutions IPO in the mainboard segment and three others in the small and medium enterprise (SME) segment.
Apart from new public issues, the market will also witness listings of two IPOs – PDP Shippings and Super Iron Foundry in the upcoming week.
The primary market has been dry for last three weeks as no new IPO in the mainboard segment was scheduled for opening amid weak market sentiments.
“The IPO market in 2025 has been relatively quiet compared to 2024 due to a combination of market volatility, liquidity concerns, and regulatory scrutiny. Uncertainty from global geopolitical tensions and fluctuating interest rates has made investors more cautious, while higher bond yields and a tighter monetary environment have reduced excess liquidity, impacting risk appetite. Additionally, concerns over high valuations have led many companies to delay their listing plans, fearing a lack of investor enthusiasm. Stricter SEBI regulations on disclosures and pricing have also made companies reconsider their IPO timelines. Furthermore, the heavy influx of IPOs in 2024 led to a saturation effect, making investors more selective this year. However, if market conditions stabilize and interest rates soften, IPO activity could pick up in the latter half of 2025,” said Bajaj Broking Research.
Here’s a list of IPOs which will remain open for subscription next week –
Arisinfra Solutions IPO
Arisinfra Solutions IPO opens for subscription on March 20 and closes on March 25. The upcoming IPO is a book built issue of 2.86 crore shares and is entirely a fresh issue of 2.86 crore shares.
The company is yet to announce price band of upcoming issue. Jm Financial Limited, Iifl Securities Ltd, Nuvama Wealth Management Limited are the book running lead managers of the Arisinfra Solutions IPO, while Link Intime India Private Ltd is the registrar for the issue.
Paradeep Parivahan IPO
Paradeep Parivahan IPO opens for subscription on March 17 and closes on March 19. The SME IPO is a book built issue of ₹44.86 crores and is entirely a fresh issue of 45.78 lakh shares.
The IPO price band is set at ₹93 to ₹98 per share. Share India Capital Services Private Limited is the book-running lead manager of the Paradeep Parivahan IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.The market maker for Paradeep Parivahan IPO is Share India Securities Limited.
Divine Hira Jewellers IPO
Divine Hira Jewellers IPO opens for subscription on March 17 and closes on March 19. The SME IPO IPO is a fixed price issue of ₹31.84 crores and is entirely a fresh issue of 35.38 lakh shares.
The IPO price band has been set at ₹90 per share. Horizon Management Private Limited is the book-running lead manager of the Divine Hira Jewellers IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.The market maker for Divine Hira Jewellers IPO is Giriraj Stock Broking Private Limited.
Grand Continent Hotels IPO
Grand Continent Hotels IPO opens for subscription on March 20 and closes on March 24. The SME IPO is a book built issue of ₹74.46 crores and is a combination of fresh issue of 62.60 lakh shares aggregating to ₹70.74 crore and offer for sale of 3.29 lakh shares aggregating to ₹3.72 crore.
The IPO price band is set at ₹107 to ₹113 per share. Indorient Financial Services Ltd is the book-running lead manager of the Grand Continent Hotels IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Grand Continent Hotels IPO is Alacrity Securities Ltd.
New Listings –
PDP Shipping IPO: The allotment for PDP Shipping IPO was finalized on Thursday, March 13. PDP Shipping IPO will be list on BSE SME with a tentative listing date fixed as Tuesday, March 18.
Super Iron Foundry IPO: The allotment for the Super Iron Foundry IPO is expected to be finalized on Monday, March 17. Super Iron Foundry IPO will be list on BSE SME with a tentative listing date fixed as Wednesday, March 19.
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