India’s IPO Market Sees Three New Public Issues Opening This Week
India’s primary market is set to remain active this week with three new initial public offerings (IPOs) scheduled to open for subscription between March 16 and March 20, 2026.
The lineup includes two mainboard IPOs and one SME offering, signaling continued activity in the primary market even as volatility persists in the secondary markets.
IPOs Opening This Week (March 16–20, 2026)
| Company | Segment | Subscription Dates | Price Band |
| GSP Crop Science | Mainboard | Mar 16 – Mar 18, 2026 | ₹304 – ₹320 |
| Central Mine Planning and Design Institute (CMPDI) | Mainboard | Mar 20 – Mar 24, 2026 | To be announced |
| Novus Loyalty Limited | SME | Mar 17 – Mar 20, 2026 | ₹139 – ₹146 |
Mainboard IPOs
- GSP Crop Science
The first major IPO this week comes from agrochemical manufacturer GSP Crop Science, a company focused on crop-protection solutions.
Its product portfolio includes:
- Insecticides
- Herbicides
- Fungicides
- Plant growth regulators
Established more than 40 years ago, the company has built a broad agrochemical portfolio and had 524 product registrations across formulations and technical agrochemicals as of September 2025.
Financial Highlights (FY25):
- Revenue: ₹1,287 crore
- Net Profit: ₹81 crore
The company plans to use the proceeds from the IPO primarily for debt reduction, with the remaining funds allocated for general corporate purposes.
- Central Mine Planning and Design Institute (CMPDI)
The second mainboard offering will be launched by CMPDI, the consultancy subsidiary of Coal India Limited.
Founded in 1974, the company provides consultancy services across the coal and mineral value chain, including:
- Geological exploration
- Mine planning
- Environmental management
- Remote sensing services
CMPDI currently holds an estimated 61% share in India’s coal and mineral consultancy market, making it one of the leading technical advisory firms in the sector.
Financial Highlights (FY25):
- Revenue: ₹2,177 crore
- Profit After Tax: ₹667 crore
The company’s price band for the IPO is yet to be announced.
SME IPO
Novus Loyalty Limited
In the SME segment, Novus Loyalty Limited plans to list its shares on the BSE SME platform.
The company operates in the loyalty and customer engagement solutions sector, offering technology-driven programs that help businesses enhance customer relationships and brand engagement.
Its services include:
- Rewards and loyalty programs
- Customer engagement platforms
- Enterprise marketing solutions
The SME issue will open with a price band of ₹139 to ₹146 per share.
Summary
India’s primary market will see three new IPOs opening for subscription this week. The mainboard segment will feature offerings from GSP Crop Science and Central Mine Planning and Design Institute (CMPDI), while Novus Loyalty Limited will launch an SME IPO on the BSE SME platform. The upcoming issues reflect steady interest in the primary market despite fluctuations in the broader stock market.
Disclaimer:
This article is based on publicly available information, official statements, and media reports available at the time of publication. The content is intended solely for informational and journalistic purposes.
While efforts have been made to ensure accuracy, NoCap Times does not independently verify all claims, statements, or allegations made by individuals, witnesses, or investigative sources mentioned in the report.
As investigations are ongoing, certain details may change as authorities release further updates. Readers are advised to treat the information as part of a developing news story. NoCap Times shall not be held responsible for any inaccuracies, omissions, or changes that may arise as new verified information becomes available.