IPOs Next Week: GSP Crop Science, Novus Loyalty, Coal India Subsidiary IPOs THIS Week; 3 IPO Listings

India's primary market is set to witness fresh activity next week, with three upcoming initial public offerings (IPOs) scheduled between March 16 and March 20. Amid expected volatility in the Sensex and Nifty due to escalating Iran-US tensions in the Middle East, investors will closely track new public issues from GSP Crop Science, Coal India's subsidiary Central Mine Planning & Design Institute (CMPDI), and Novus Loyalty. These IPOs are likely to draw market attention as participants look for opportunities despite uncertain global cues.

Nifty and Sensex logged their worst weekly fall in the past five trading sessions as escalating Iran-US tensions spooked investors. The Nifty 50 dropped more than 3%, while the Sensex declined nearly 4% last week. Amid this heightened market volatility, investor sentiment in the primary market will also remain under focus. As Dalal Street navigates global uncertainties, here's what investors should know about the upcoming IPOs scheduled for next week.

Upcoming IPOs Next Week: GSP Crop Science, CMPDI IPO, And Novus Loyalti IPO

All focus will be on two mainboard IPOs, ie GSP Crop Science and CMPDI IPO. Additionally, MSME IPO Novus Loyalti wil also open for subscription next week. Three IPO listings are also expected.

GSP Crop Science IPO

The IPO is a book buildissue of Rs 400 crore. The GSP Crop Science IPO is a combination of fresh issue of 0.75 crore shares aggregating to Rs 240 crores and an offer for sale of 0.50 crore shares aggregating to Rs 160 crores. The IPO will open for subscription on March 16 and will close on March 18. Its allotment is likely to be finalised on March 20 and tentative listing is on March 24.

The IPO has fixed a price band of Rs 303 and Rs 320 per share. The lot size for an application is is 46 and the minimum amount of investment for retail investors is Rs 14,720.

CMPDI IPO

Coal India's subsidiary, Central Mine Planning & Design Institute, (CMPDI), is set to open its IPO for subscription in the coming week. CMPDI IPO will open for subscription on March 20 and will close for subscription on March 24. The IPO is a bookbuild issue of 10.71 crore shares and an entirely offer for sale of 10.71 crore shares and its tentative IPO listing date is March 30.

Novus Loyalty IPO

Novus Loyalty opened its ₹60.15 crore SME IPO for bids from March 17 to March 20. Shares are offered in a price band of ₹139 to ₹146. The issue targets investors interested in listed SME companies.

The offer combines an issue of ₹48.18 crore with an offer for sale of ₹11.97 crore. Existing shareholders Deepak Tomar and Sweta Singh gain a chance to monetise part of their holdings.

Novus Loyalty IPO details and fund utilisation
Each application requires a minimum lot of 1,000 shares. Individual investors must apply for at least 2,000 shares. Funds will support product upgrades, new development, business development, marketing and general corporate needs.