Upcoming IPOs This Week (Mar 16–Mar 20): 2 Mainboard and 1 SME Issue Set to Open

India’s primary market is set to witness 3 new initial public offerings (IPOs) opening for subscription this week. 

The lineup includes two mainboard issues and one SME offering, keeping the IPO pipeline active despite ongoing volatility in the secondary markets.

IPOs Opening This Week (Mar 16–Mar 20)

Mainboard IPOs

1. GSP Crop Science

The agrochemical manufacturer will lead this week’s IPO activity. The company develops crop-protection solutions including insecticides, herbicides, fungicides and plant growth regulators.

Founded more than four decades ago, the company has built a wide agrochemical portfolio and had 524 product registrations across formulations and technical agrochemicals as of September 2025.

Financially, the company reported revenue of ₹1,287 crore and net profit of ₹81 crore in FY25. Proceeds from the fresh issue will be used partly for debt repayment, with the balance earmarked for general corporate purposes.

2. Central Mine Planning and Design Institute (CMPDI)

CMPDI, the consultancy arm of Coal India Limited, will bring the second mainboard issue.

Incorporated in 1974, the company provides consultancy services across the coal and mineral value chain, including geological exploration, mine planning, environmental management and remote sensing. It currently commands around 61% market share in India’s coal and mineral consultancy space.

For FY25, the company reported revenue of ₹2,177 crore and profit after tax of ₹667 crore.

SME IPO

1. Novus Loyalty Limited

The SME segment will see one new offering, with Novus Loyalty planning to list on the BSE SME platform. The company operates in the loyalty and customer engagement solutions space, providing technology-driven reward and engagement programs for enterprises.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks. Read all related documents carefully before investing.