Next Week IPO Opening March 23-24 2026 Total ₹2,010 Crore Across Four Issues

India’s primary market is set for a busy week starting March 24 2026, with four IPOs collectively targeting ₹2,010 crore in fresh capital and offer-for-sale components. The openings span both mainboard and SME segments, reflecting a mix of consumer goods, industrial equipment, pharmaceuticals, and engineering manufacturing.

The trigger for this activity stems from a cluster of regulatory clearances and exchange scheduling, with multiple companies aligning their book-building windows within the same subscription cycle. Filings indicate a combination of fresh capital raises and partial exits by existing shareholders.

Amir Chand Jagdish Kumar (Exports) IPO Opening Details

The ₹440 crore IPO of Amir Chand Jagdish Kumar (Exports) Ltd opens on March 24 2026 and closes on March 27 2026. The issue is entirely a fresh issue, as per the prospectus disclosures.

This means all proceeds will go directly to the company rather than existing shareholders, typically used for expansion, working capital, or debt reduction.

The company, a basmati rice processor and exporter operating under the “Aeroplane” brand, has built an integrated value chain from procurement to distribution. Financial disclosures show total income of ₹2,004.03 crore for FY25 and profit after tax of ₹60.82 crore.

The price band and lot size remain undisclosed at this stage, indicating final pricing will likely be set closer to the opening date.

Powerica IPO Opening Details

Powerica Ltd’s IPO, sized at ₹1,100 crore, is the largest among next week’s offerings. The issue opens March 24 2026 and closes March 27 2026, structured as a mix of fresh issue (₹700 crore) and offer for sale (₹400 crore).

A fresh issue involves new shares being created, while an offer for sale allows existing investors to partially exit their holdings.

The price band has been fixed at ₹375 to ₹395 per share, with a lot size of 37 shares. This implies a minimum retail investment of ₹14,615 at the upper band.

Powerica operates in the diesel generator segment, manufacturing DG sets across a wide capacity range. Financially, the company reported ₹2,710.93 crore in total income and ₹175.83 crore in profit after tax for FY25, indicating relatively strong scale compared to peers in this batch.

Sai Parenteral IPO Opening Details

Sai Parenterals Ltd will launch its ₹409 crore IPO during the same window, opening March 24 2026 and closing March 27 2026.

The issue comprises a fresh issue of ₹285 crore and an offer for sale of ₹124 crore, reflecting both capital raising and partial promoter exit.

The price band is set at ₹372 to ₹392 per share, with a lot size of 38 shares. This translates to a minimum retail application size of ₹14,896.

Sai Parenterals operates in pharmaceutical formulations, including branded generics and CDMO (Contract Development and Manufacturing Organisation) services. Financials show steady growth, with FY25 revenue at ₹163.74 crore and profit after tax at ₹14.43 crore.

The company has also disclosed IPO proceeds usage toward capacity expansion, R&D setup, debt repayment, and overseas acquisitions.

Tipco Engineering India IPO Opening Details (SME)

Tipco Engineering India Ltd’s SME IPO opens slightly earlier on March 23 2026 and closes March 25 2026, with a total issue size of ₹61 crore.

The issue consists of both fresh issue (₹48.49 crore) and offer for sale (₹12.06 crore), and will list on the BSE SME platform.

The price band is ₹84 to ₹89 per share, with a significantly larger lot size of 1,600 shares. This means a minimum investment of ₹1,42,400 at the upper price band, typical for SME IPOs where participation thresholds are higher.

Tipco Engineering manufactures industrial machinery used in sectors such as chemicals, paints, and construction. The company reported FY25 revenue of ₹133.37 crore and profit after tax of ₹15.61 crore.

IPO Structure and Investor Allocation Explained

All four IPOs follow the book-building process, where investors bid within a price band and the final price is determined based on demand.

Each issue reserves shares across categories:

• Qualified Institutional Buyers (QIBs): Up to 50%
• Retail Investors: At least 35%
• Non-Institutional Investors (NIIs): Around 15%

Lot size refers to the minimum number of shares investors can apply for, while the price band defines the bidding range.

Timeline and Listing Schedule

All mainboard IPOs opening March 24 are expected to finalize allotments by March 30 2026, with listings tentatively scheduled for April 2 2026 on BSE and NSE.

The SME IPO (Tipco Engineering) is opening on March 23 and expected to list earlier, on April 1 2026, following a shorter processing timeline typical of SME issues.

Market Context

The clustering of IPOs suggests issuers are attempting to capitalize on current market liquidity and investor participation levels. However, overlapping subscription windows may divide investor attention and capital allocation across multiple offerings.

Still, the diversity of sectors from FMCG exports to power equipment and pharmaceuticals offers varied exposure for different investor segments.

Source;

• https://www.sebi.gov.in/filings/public-issues/mar-2026/powerica-limited-rhp_100434.html
• https://www.sebi.gov.in/filings/public-issues/mar-2026/sai-parenteral-s-limited-rhp_100427.html