SME IPOs Dominate as Mainboard Drought Persists: 9 New Issues Set to Launch

The Indian IPO market continues to see a drought in mainboard listings, with the focus shifting to SME issues. Nine SME IPOs are slated to open for subscription in the coming week, offering investors diverse opportunities in the small-cap space. Notable among these are ATC Energies System, set to launch on March 25, 2025, with an estimated value of ₹63.76 crore, and Identixweb, opening on March 24, 2025, aiming to raise ₹16.63 crore.

 

The week will also see the listing of five companies on SME exchanges, including Divine Hira Jewellers and Paradeep Parivahan on March 24, 2025. This surge in SME activity contrasts sharply with the mainboard scene, where companies are postponing launches due to market volatility and weak investor sentiment.

 

Despite the current lull, experts predict a robust IPO market for 2025, with expectations of over ₹1.82 lakh crore being raised. High-profile offerings from companies like NSDL, Schloss Bangalore, and Ather Energy are anticipated once market conditions improve.

 

Source: Compiled from Business Standard, Upstox, and IPO Watch reports