Three New IPOs Launching Next Week The Indian stock market is preparing for a week of significant activity as three companies plan to launch their initial public offerings (IPOs). The offerings include two mainboard listings and one from the SME segment. This week will also feature the debut of four new companies on the stock market, spanning both mainboard and SME categories. The first mainboard IPO is from GSP Crop Science, which will open for public subscription on March 16 and close on March 18. The issue is a book build of ₹400 crore, consisting of a fresh issue of 0.75 crore shares valued at ₹240 crore and an offer for sale (OFS) of 0.50 crore shares worth ₹160 crore. The allotment for this IPO is expected to be finalized by March 20, with a tentative listing date set for March 24. Another mainboard IPO will be launched by CMRDI, though specific details about its subscription dates and financials were not provided in the text. The third mainboard offering is part of the week’s activity, though further information on its timeline and structure is pending. The only SME IPO in this week’s batch is from Novus Loyalty. It will open for subscription on March 17 and close on March 20. This issue is a book build of ₹60.15 crore, comprising a fresh issue of 0.33 crore shares valued at ₹48.18 crore and an OFS of 0.08 crore shares worth ₹11.97 crore. The allotment for this IPO is likely to be finalized by March 23, with a tentative listing date set for March 25 on the BSE SME platform. The combined activity of these IPOs highlights the ongoing momentum in India’s capital markets, with investors showing interest in both large-scale mainboard offerings and smaller SME listings.#indian_stock_market #gsp_crop_science #cmrdi #novus_loyalty #bse_sme
