The Indian primary market is reigniting with momentum as 4 SME IPOs prepare to open and 5 listings debut this week, marking a decisive shift in investor sentiment for upcoming IPOs this week March 2025. After weeks of subdued activity, the SME segment takes center stage, offering opportunities across infrastructure, energy, jewellery, and real estate.
Leading the charge are Desco Infratech, Shri Ahimsa Naturals, ATC Energies, and fixed-price issue Spinaroo Commercial, collectively targeting ₹178 crore in fresh capital. These IPOs reflect diverse financial trajectories: ATC Energies rides a 55% revenue surge, while Shri Ahimsa Naturals faces a 25.8% revenue dip, balancing growth potential with caution.
Simultaneously, five SME listings—Paradeep Parivahan, Divine Hira Jewellers, Grand Continent Hotels, Rapid Fleet, and Active Infrastructures—are set to debut between March 24-28, spanning logistics, hospitality, and infrastructure. Retail investors are allocated 35-50% across subscriptions, with QIBs anchoring liquidity (up to 50%).
This revival underscores renewed optimism in niche sectors, blending strategic valuations with sectoral diversity. From Spinaroo’s real estate play to Divine Hira’s luxury jewellery pivot, the week’s action caters to both risk-tolerant and conservative investors, signaling a revitalized market eager to capitalize on India’s evolving SME landscape.
Here’s an overview of the IPOs opening for subscription and those set to list this week.
Upcoming IPOs This Week Mach 2025
The following are the 4 IPOs that will be opened this week:
Desco Infratech
IPO Open Date: 24 March 2025
IPO Close Date: 26 March 2025
Offering: ₹30.75 Cr (Fresh Issue: ₹30.75 Cr + OFS: [.] shares @ ₹10 FV)
Price Band: ₹147 – ₹150 per share
Allocation Strategy: 35% Retail | 50% QIBs | 15% HNIs
Financial Momentum:
– Revenue: ₹29.49 Cr (2024) ↗️ 0.7% Growth
– Profit: ₹3.46 Cr (2024) ↗️ 181.3% Growth
Shri Ahimsa Naturals
IPO Open Date: 25 March 2025
IPO Close Date: 27 March 2025
Offering: ₹73.81 Cr (Fresh Issue: ₹50.02 Cr + OFS: 19,99,200 shares @ ₹10 FV)
Price Band: ₹113 – ₹119 per share
Allocation Strategy: 35% Retail | 50% QIBs | 15% HNIs
Financial Momentum:
– Revenue: ₹78.70 Cr (2024) ↘️ 25.8% Decline
– Profit: ₹18.67 Cr (2024) ↘️ 51.1% Decline
ATC Energies
IPO Open Date: 25 March 2025
IPO Close Date: 27 March 2025
Offering: ₹63.76 Cr (Fresh Issue: ₹51.02 Cr + OFS: 10,80,000 shares @ ₹10 FV)
Price Band: ₹112 – ₹118 per share
Allocation Strategy: 35% Retail | 50% QIBs | 15% HNIs
Financial Momentum:
– Revenue: ₹51.51 Cr (2024) ↗️ 55.1% Growth
– Profit: ₹10.89 Cr (2024) ↗️ 40.3% Growth
Spinaroo Commercial
IPO Open Date: 28 March 2025
IPO Close Date: 3 April 2025
Offering: ₹10.17 Cr (Fresh Issue: ₹10.17 Cr + OFS: [.] shares @ ₹10 FV)
Price Band: ₹51 per share (Fixed Price)
Allocation Strategy: 50% Retail | 00% QIBs | 50% HNIs
Financial Momentum:
– Revenue: ₹41.21 Cr (2024) ↘️ 22.5% Decline
– Profit: ₹1.40 Cr (2024) ↗️ 50.5% Growth
IPO Listings This Week March 2025
The following are the 5 IPOs that will be listed this week:
Paradeep Parivahan
IPO Subscription Dates: 17 – 19 March 2025
IPO Allotment Date: 20 March 2025
IPO Listing Date: 24 March 2025
Minimum Market Lot: 1,200 Shares
Application Amount: ₹1,17,600
Divine Hira Jewellers
IPO Subscription Dates: 17 – 19 March 2025
IPO Allotment Date: 20 March 2025
IPO Listing Date: 24 March 2025
Minimum Market Lot: 1,600 Shares
Application Amount: ₹1,44,000
Grand Continent Hotels
IPO Subscription Dates: 20 – 24 March 2025
IPO Allotment Date: 25 March 2025
IPO Listing Date: 27 March 2025
Minimum Market Lot: 1,200 Shares
Application Amount: ₹1,35,600
Rapid Fleet
IPO Subscription Dates: 21 – 25 March 2025
IPO Allotment Date: 26 March 2025
IPO Listing Date: 28 March 2025
Minimum Market Lot: 600 Shares
Application Amount: ₹1,15,200
Active Infrastructures
IPO Subscription Dates: 21 – 25 March 2025
IPO Allotment Date: 26 March 2025
IPO Listing Date: 28 March 2025
Minimum Market Lot: 600 Shares
Application Amount: ₹1,08,600
Note: This article is intended for educational purposes only and does not constitute investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions. GMP values are subject to change daily based on market conditions.