5 IPOs to Track: Market Momentum This Week

The Indian primary market remains red-hot as five companies across diverse sectors—engineering, pharmaceuticals, and electronics—launch their public issues. With a combined target of over ₹2,400 crore, these IPOs offer a mix of large-scale mainboard entries and high-growth SME opportunities.

Mainboard IPOs (The Heavy Hitters)

• Powerica Ltd: This is the week’s largest issue. A veteran in the power backup industry and a key dealer for Cummins India, the company is looking to utilize funds for debt repayment and general corporate growth.
• Amir Chand Jagdish Kumar (Exports): Known for its flagship “Aeroplane” brand, this integrated rice processor is tapping the market to fuel its global expansion across 38+ countries.
• Sai Parenterals: A focused player in sterile injectables. Their IPO proceeds are earmarked for setting up a new R&D center and expanding manufacturing units in Telangana.

⚙️ SME IPOs (The Growth Seekers)

• Highness Microelectronics: This SME is gaining attention for its “Make in India” initiative to manufacture Open-Cell modules in-house, aiming to reduce import dependency.
• Tipco Engineering: Specializing in mixing and milling machinery for the paint and chemical sectors, Tipco is using the capital to bolster its working capital and repay existing borrowings.

📅 The Investor’s Timeline

Keep these dates marked to ensure you don’t miss the bidding window:

• Tipco Engineering: Opens March 23, Closes March 25.
• The Rest (Powerica, ACJK, Sai, Highness): Open March 24, Close March 27.
• Tentative Listing Date: Expect most of these shares to debut on the exchanges (BSE/NSE) around April 2, 2026.

Investor Note: While the market sentiment is strong, SME IPOs often come with higher volatility and larger lot sizes. Always check the Red Herring Prospectus (RHP) for specific risk factors before committing capital.