The IPO price band is set between ₹166 and ₹175 per equity share, with a minimum lot size of 85 shares. As of Day 2, the IPO has been subscribed 71% overall, with the Qualified Institutional Buyers (QIB) portion subscribed 1.18 times, while the Non-Institutional Investors (NII) and retail portions have been booked at 0.38 times and 0.58 times, respectively. This indicates a strong interest from institutional investors, which often bodes well for the overall success of the offering.

In a notable development, the IPO has secured ₹45.01 crore from three anchor investors, which adds to the confidence surrounding the offering. The grey market premium (GMP) for the IPO currently stands at +₹2, suggesting that the estimated listing price of Om Power Transmission shares could reach ₹177. This positive GMP reflects investor sentiment and expectations regarding the company’s performance post-listing.

SBICAP Securities has provided insights into the valuation of the IPO, stating that at the upper price band of ₹175, the issue is valued at a price-to-earnings (P/E) ratio of 27.1x based on FY25 earnings and 19.2x based on annualized 9MFY26 earnings. This valuation indicates a healthy outlook for the company, especially given its demonstrated financial performance.

According to SBICAP Securities, Om Power Transmission has shown impressive growth, with revenue, EBITDA, and PAT increasing at a compound annual growth rate (CAGR) of 52%, 73%, and 88%, respectively, between FY23 and FY25. This growth trajectory positions the company favorably in the competitive landscape of power transmission services.

Exencial Research Partners has also weighed in, describing Om Power Transmission as a compelling investment opportunity. The company boasts a robust order book exceeding ₹744 crore, strong return metrics, and an improving financial landscape, which further enhances its attractiveness to potential investors. The recommendation is clear: subscribe for a favorable long-term outlook.

The basis of allotment for the IPO will be finalized on April 15, with refunds initiated on April 16. Shares are expected to be credited to demat accounts on the same day, and the official listing on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) is anticipated on April 17. Investors are closely monitoring these developments as they prepare for the next steps in the IPO process.

As the IPO progresses, market observers are optimistic about the potential for Om Power Transmission to make a strong debut. The combination of a solid business model, strong financial performance, and positive investor sentiment could lead to a successful listing, setting the stage for future growth in the power transmission sector.

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The Amir Chand Jagdish Kumar Exports IPO has entered its second day of subscription as of March 25, 2026, with a total issue size of ₹440 crore. This book-building issue consists entirely of a fresh issue of 2.08 crore shares, priced between ₹201 and ₹212 per share.

As of now, the overall subscription status stands at 1.27 times, indicating a strong interest from investors. Qualified Institutional Buyers (QIBs) have subscribed 0.58 times, while Non-Institutional Investors (NIIs) have shown remarkable enthusiasm with a subscription rate of 4.82 times. However, Retail Individual Investors (RIIs) have subscribed only 0.46 times.

The lot size for an application is set at 46 shares, requiring a minimum investment of ₹14,840 for retail investors. The basis of allotment will be finalized by March 30, 2026, with the IPO closing on March 27, 2026.

In the grey market, the IPO is currently trading at a premium of ₹7 over the IPO price, reflecting positive sentiment among traders. The tentative listing date on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) is scheduled for April 2, 2026.

The company plans to utilize ₹400 crore of the proceeds towards funding working capital requirements, which is crucial for its operational growth.

As the IPO progresses, market analysts are closely monitoring the subscription trends and the overall response from different investor segments. The strong demand from NIIs suggests a bullish outlook for the company in the upcoming trading sessions.

Details remain unconfirmed regarding the final subscription numbers as the closing date approaches, but the current figures indicate a healthy interest in the offering.

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The Powerica Limited IPO, which opened on March 24, 2026, is facing significant challenges as it struggles to attract investors. With only 1% of the issue subscribed so far, the initial response has been tepid, raising alarms about the company’s market appeal.

The IPO, a book-building issue valued at ₹1,100 crores, is set to remain open for subscription until March 27, 2026. The price band for shares is fixed between ₹375 and ₹395, with a minimum lot size of 37 shares required for applications.

On the first day of the IPO, Retail Individual Investors subscribed at a mere 0.01 times, while Non-Institutional Investors and Qualified Institutional Buyers showed no interest at all, subscribing at 0 times. This lack of enthusiasm could signal deeper issues within the company’s market positioning.

In the Grey Market, Powerica Limited is currently trading at a premium of ₹5, which is relatively low compared to expectations for a successful IPO. This figure reflects the market’s cautious outlook on the company’s potential.

Powerica Limited, an authorized dealer of Cummins India, has been providing power solutions since 1983, specializing in the manufacturing and supply of diesel and gas generator sets. The company plans to utilize ₹525 crores from the fresh issue to repay and prepay debt, indicating a focus on financial stability.

Investors are anxiously awaiting the allotment process, which is expected to be finalized on March 30, 2026. Following this, shares are set to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on April 2, 2026.

As the subscription period continues, the low uptake raises questions about the company’s future and its ability to attract further investment. Details remain unconfirmed regarding any potential strategies to boost interest before the closing date.

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The Central Mine Planning IPO has made headlines as it was fully subscribed on the third day of bidding, reflecting a strong interest from investors. Initially, expectations were high, with many anticipating a robust response from both Qualified Institutional Buyers (QIBs) and retail investors.

However, the decisive moment came when the IPO was officially subscribed 1.05 times, with QIBs contributing 62 percent and retail investors accounting for 20 percent of the subscriptions. This indicates a solid backing from institutional investors, although retail participation was somewhat muted.

At a price band fixed between Rs 163-172 per share, the company is valued at approximately Rs 12,280 crore at the higher end of the price range. The IPO successfully mobilized Rs 470 crore from anchor investors, showcasing significant confidence in Central Mine Planning’s potential.

As the IPO allotment is expected by March 25, the market is buzzing with anticipation for the share listing proposed for March 30. According to platforms tracking grey-market activity, shares of Central Mine Planning are currently commanding a flat GMP of ₹0.85, suggesting a modest expectation for the listing price.

The expected listing price stands at ₹172.85, reflecting a potential gain of 0.49% per share based on the final GMP. This figure, while not substantial, indicates a stable outlook for investors looking to enter the market.

Experts note that the lowest GMP recorded was ₹0.85, while the highest reached ₹24.00, highlighting the variability in market sentiment. This fluctuation underscores the importance of investor confidence in the current economic climate.

Central Mine Planning, incorporated in 1975, offers consultancy and support services for coal and mineral exploration, positioning itself as a key player in the sector. As the IPO progresses, stakeholders are keenly observing how these developments will impact the company’s future and the broader market.

Details remain unconfirmed regarding the final performance of the IPO post-listing, but the current metrics provide a snapshot of investor sentiment and market dynamics.

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Innovision Ltd’s initial public offering (IPO) opened for public subscription on March 10, 2026, and is set to close on March 12, 2026. The company, which is based in Gurgaon and specializes in integrated facility management, aims to raise ₹322.84 crore through this offering. The price band for the IPO is set between ₹521 and ₹548 per share, with a lot size of 27 shares.

Current Subscription Status

As of March 11, 2026, the Innovision IPO has been subscribed 12%, with varying levels of interest across different investor categories. Retail Individual Investors (RIIs) have booked only 6% of their allotted shares, while Qualified Institutional Buyers (QIBs) have shown significant interest, with a subscription rate of 96%. This disparity in subscription rates may reflect differing levels of confidence among retail versus institutional investors.

GMP and Estimated Listing Price

The Grey Market Premium (GMP) for the Innovision IPO currently stands at ₹71 per share. This figure suggests a positive outlook for the stock, with analysts estimating an initial listing price of approximately ₹619 per share. Such a premium indicates that investors are optimistic about the company’s performance post-listing.

Important Dates to Note

The allotment date for the Innovision IPO is scheduled for March 13, 2026, followed by the listing date on March 17, 2026. These dates are crucial for investors who are looking to track their investments and the performance of the stock once it begins trading on the exchanges.

Innovision Ltd has positioned itself as a key player in the facility management sector, which has seen growing demand in recent years. The company’s strategic initiatives and market positioning may play a significant role in its post-IPO performance. Investors are keenly observing how the company will utilize the funds raised through this IPO to further its growth and operational capabilities.

What Lies Ahead

As the IPO progresses towards its closing date, market observers are closely monitoring subscription trends and investor sentiment. The differing subscription rates among retail and institutional investors could provide insights into market confidence in Innovision Ltd. Details remain unconfirmed regarding how these trends may influence the final listing price and overall market reception.

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Innovision Ltd, a Gurgaon-based integrated facility management company, has opened its initial public offering (IPO) for public subscription on March 10, 2026. The IPO is set to close on March 12, 2026, with an aim to raise ₹322.84 crore from the market. The price band for the shares has been established between ₹521 and ₹548, with a lot size of 27 shares.

Current Subscription Status

As of March 11, 2026, the Innovision IPO has been subscribed at a rate of 12%. Notably, the Qualified Institutional Buyers (QIBs) category has shown strong interest, achieving a subscription rate of 96%. In contrast, the Retail Individual Investors (RIIs) category has only been booked at 6%, indicating a disparity in interest levels among different investor groups.

GMP and Expected Listing Price

Today, the Grey Market Premium (GMP) for Innovision’s IPO stands at ₹71 per share. This suggests that the estimated listing price of the stock could be around ₹619 apiece, reflecting positive sentiment among investors regarding the company’s market debut.

Key Dates to Remember

The allotment date for the Innovision IPO is scheduled for March 13, 2026, while the listing date on the stock exchange is set for March 17, 2026. These dates are crucial for investors who are keen to understand when they might see their shares allocated and subsequently traded.

Context and Market Sentiment

Innovision Ltd’s entry into the public market comes at a time when there is a growing interest in facility management services, particularly in urban areas. The company’s strategy and market positioning will be closely watched as it seeks to capitalize on this trend. The strong subscription from institutional investors may indicate confidence in Innovision’s business model and future growth potential.

What Lies Ahead

As the IPO progresses, market observers will be keen to see how the remaining days of the subscription period unfold, particularly in the retail segment. The performance of the Innovision IPO could set a precedent for future offerings in the sector. Details remain unconfirmed regarding the final subscription rates and market reactions as the closing date approaches.

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“The IPO response was not very convincing,” remarked a market analyst, reflecting the subdued enthusiasm surrounding the Rajputana Stainless IPO. As the subscription period closed on March 11, 2026, the IPO was only 44% subscribed, raising questions about investor confidence in the offering.

The Rajputana Stainless IPO, valued at Rs 255 crore, opened for subscription on March 9, 2026, with a price band set between Rs 116 and Rs 122 per share. The offering comprises a fresh issue of up to 1.46 crore equity shares and an offer for sale of up to 62.5 lakh shares. Despite the potential for growth, investor sentiment toward the IPO is muted, with the retail portion subscribed only 0.13 times, while the Qualified Institutional Buyers (QIBs) and Non-Institutional Investors (NIIs) portions were subscribed 0.99 and 0.98 times, respectively.

Market analysts have noted that the issue is valued at 21 times P/E (post issue) on FY25 earnings, which may have contributed to the cautious approach from potential investors. “Considering the valuation and growth outlook, investors may consider avoiding this IPO for now,” another analyst stated, highlighting the cautious stance many are taking.

The Grey Market Premium (GMP) for the IPO stands at Rs 1, indicating a lack of strong demand in the grey market, which often serves as a barometer for investor sentiment prior to official listing. The share allotment date is expected to be March 12, 2026, with a tentative listing date set for March 16, 2026.

Rajputana Stainless plans to utilize Rs 18.57 crore for expanding its manufacturing facility and Rs 98 crore for partial repayment of debt, which may be critical for its growth trajectory. However, the company has shown limited momentum in revenue growth over recent periods, raising further concerns about its financial health.

As the market awaits the outcome of the share allotment, analysts will be closely monitoring the performance of Rajputana Stainless post-listing. The muted response to the IPO could signal broader trends in investor sentiment towards similar offerings in the near future.

Details remain unconfirmed regarding any potential changes in strategy or future offerings from Rajputana Stainless, but the current IPO experience may influence their approach moving forward.

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The Innovision IPO is poised to raise ₹323 crore, with shares priced between ₹521 and ₹548 each. The bidding window for this public offering opens on March 10 and closes on March 12, 2026.

Investors can purchase shares in lots of 27, making the minimum investment significant given the price band. The expected allotment date for shares is March 13, 2026, followed by a listing date on March 17, 2026.

Market Insights

Currently, shares are trading at a grey market premium (GMP) of ₹0, indicating a cautious sentiment among investors. Analysts have mixed views on the IPO’s valuation, with some suggesting that the issue appears highly priced, given its price-to-earnings (PE) ratio stands around 45 at the end of FY25.

Swastika Investmart noted that Innovision’s return on net worth (RoNW) of 35.45% is the highest in its peer group, signaling efficient capital use. This performance partially justifies the premium, although concerns about the high valuation persist.

According to Ventura Securities, Innovision has shown robust growth over the past two years, driven by its expansion in toll plaza management and manpower services. This growth trajectory may attract investors looking for potential in the infrastructure and service sectors.

However, SBI Securities cautioned that the IPO valuations appear to be premium, which could deter some risk-averse investors. The market’s reaction to the IPO will likely depend on the overall sentiment during the bidding period.

Innovision Ltd specializes in providing manpower services, toll plaza management, and skill development training across India. The company’s diverse service offerings position it well within the growing infrastructure sector.

As the IPO date approaches, observers are keen to see how the market will respond to Innovision’s pricing and growth potential. Details remain unconfirmed regarding the final demand and investor interest as the bidding period unfolds.

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The Innovision IPO is scheduled to open for bidding from March 10 to March 12, 2026, with a price band set between ₹521 and ₹548 per share. The company aims to raise a total of ₹323 crore, of which ₹68 crore is reserved for an Offer for Sale (OFS).

The lot size for this IPO is 27 shares, making it accessible for a range of investors. The expected allotment date for shares is March 13, 2026, followed by the anticipated listing date on March 17, 2026. KFin Technologies has been appointed as the registrar for the Innovision IPO.

Market Insights

Currently, shares are trading at a grey market premium (GMP) of ₹0, indicating a cautious sentiment among investors. Analysts have mixed views regarding the IPO’s pricing and valuation. Swastika Investmart noted that Innovision’s return on net worth (RoNW) of 35.45% is significantly higher than its peers, suggesting efficient capital use and partially justifying the premium.

However, Avinash Gorakshkar from the market has pointed out that the issue appears highly priced, with a price-to-earnings (PE) ratio around 45 at the end of FY25. This raises questions about the sustainability of such valuations in the current market environment.

Innovision has shown robust growth over the past two years, driven by its expansion in toll plaza management and manpower services across India. Ventura Securities highlighted this growth trajectory as a positive sign for potential investors.

Despite the optimistic growth outlook, SBI Securities cautioned that the IPO valuations appear to be premium, which could deter some investors. As the bidding date approaches, market participants are closely monitoring the situation.

Details remain unconfirmed regarding the final demand and investor sentiment as the IPO date nears, making it essential for potential investors to stay informed.

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Innovision Ltd is preparing for its initial public offering (IPO), with a price band set between ₹521 and ₹548 per share. The company aims to raise a total of ₹323 crore, which includes ₹68 crore reserved for an Offer for Sale (OFS).

The IPO is open for bidding from March 10 to March 12, 2026, with the expected allotment date for shares on March 13, 2026. Investors can purchase shares in lots of 27 shares each.

Market Insights

As of today, shares are trading at a grey market premium (GMP) of ₹0. This figure indicates a cautious sentiment among investors regarding the IPO’s pricing and potential performance.

Analysts have varied opinions on the IPO’s valuation. Swastika Investmart noted that the return on net worth (RoNW) of 35.45% is significantly higher than its peers, which could justify a premium pricing strategy. In contrast, Avinash Gorakshkar expressed concerns about the issue being highly priced, citing a price-to-earnings (PE) ratio of around 45 at the end of FY25.

Innovision has shown robust growth over the past two years, largely driven by its expansion in toll plaza management and manpower services. Ventura Securities highlighted this growth as a positive indicator for potential investors.

However, SBI Securities remarked that the IPO valuations appear to be premium, suggesting that investors should proceed with caution.

Innovision provides a range of services including manpower solutions, toll plaza management, and skill development training across India. This diversified portfolio may play a crucial role in its future growth and stability.

As the IPO date approaches, market observers will be keenly watching how the bidding unfolds and whether the company can attract sufficient investor interest despite the current grey market conditions. Details remain unconfirmed regarding the final market reception and listing performance.

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