Upcoming IPOs: Rajputana Stainless, Raajmarg Infra, Innovision Among Key IPOs Opening This Week | Check List

Upcoming IPOs This Week: India's primary market is set to remain active in the coming week with several initial public offerings lined up for subscription, including three mainboard issues and other SME IPOs. Rajputana Stainless, Raajmarg Infra Investment Trust, and Innovision are the three mainboard IPOs set to open for subscription in the coming week, ie from March 9 to March 13.

The upcoming offerings come at a time when the Indian stock market witnessed heightened volatility last week amid global uncertainties triggered by the United States-Iran conflict and escalating geopolitical tensions in the Middle East.

Upcoming IPOs: Raajmarg Infra Investment Trust

Raajmarg Infra Investment Trust IPO will open for subscription on Wednesday, March 11 and will conclude on March 13. The mainboard IPO is a book build issue of Rs 6,000 crore. The IPO allotment will be finalised on March 18, and the listing is expected on March 24.

The IPO is an entirely fresh issue of 60 crore shares, equivalent to Rs 6,000 crore. The company has fixed a price band at Rs 99 to Rs 100 per share, and SBI Capital Markets is the book-running lead manager, whereas Kfin Technologies is the registrar of the issue.

Upcoming IPOs: Innovision IPO

The Innovision IPO will open for subscription on Tuesday, March 10 and will close on Thursday, March 12. The IPO allotment is likely to be finalised on March 13, followed by listing expected on March 17, as per Chittorgarh.com.

The IPO is a book build issue of Rs 322.84 crores coming in a combination of fresh issue of 0.47 crore shares, equivalent to Rs 255 crores and an offer for sale of 0.12 crore shares. The Innovision IPO's price band has been fixed at Rs 521 and Rs 548 per share. The lot size for an application is 27. A retail investor would require to invest Rs 14,796 to apply for the IPO.

Upcoming IPOs: Rajputana Stainless IPO

The IPO will be available for subscription from Monday, March 9 and will close on Wednesday, March 11. The IPO is a book build issue of Rs 254.98 crore, and the issue is a combination of a fresh issue of 1.47 crore shares, equivalent to Rs 178.73 crores. The IPO also includes an offer for sale of 0.63 crore shares aggregating to Rs 76.25 crores.

The IPO price band has been fixed at Rs 116 to Rs 122 per share. The minimum amount of investment required by a retail investor is Rs 13,420, as the lot size for an application is 110. The lot size for sNII is 15 lots, which means that they would require to invest Rs 2,01,300 to apply for the IPO.

Srinibas Pradhan Constructions IPO

Srinibas Pradhan Constructions IPO is an ongoing SME IPO. The IPO will close for subscription on Tuesday, March 10. The IPO allotment is expected to be finalised on March 11. It is a fresh issue of 0.17 crore shares, equivalent to Rs 20.32 crore. It is a combination of fresh issue of 0.17 crore shares aggregating to Rs 16.79 crores and an offer for sale of 0.04 crore shares, equivalent to Rs 3.53 crore. The SME IPO has been subscribed by 0.09 times so far, till Friday, March 6.