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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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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“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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“Rajputana Stainless Steel, valued at ~21x P/E (post issue) on FY25 earnings (at the upper band) is valued fairly in relation to its competitors,” stated Anand Rathi, highlighting the company’s competitive positioning as its IPO opens today.

The IPO of Rajputana Stainless Ltd is set to raise ₹255 crore, with a price band ranging from ₹116 to ₹122 per share. The offering will remain open until 11 March 2026, with ₹76 crore allocated for Offer for Sale (OFS) and ₹179 crore through fresh shares.

The lot size for the IPO is 110 shares, making it accessible for retail investors. As of 12:42 PM on the first day of bidding, the IPO was subscribed 0.07 times overall, with the retail portion subscribed 0.03 times and the Non-Institutional Investor (NII) segment subscribed 0.20 times.

“Given the company’s improving margins, diversified product portfolio, and potential growth from forward integration initiatives, we recommend a ‘SUBSCRIBE’ rating for this issue with a medium to long-term investment horizon,” noted BP Wealth, emphasizing the positive outlook for the company.

The Grey Market Premium (GMP) for the IPO today stands at ₹2, indicating a cautious approach from investors as they weigh the potential risks and rewards associated with the offering.

Rajputana Stainless Ltd, incorporated in 1991, specializes in manufacturing long and flat stainless steel products utilized across various industries. For the six months ending September FY26, the company reported revenue of ₹501 crore and a profit after tax of ₹24.4 crore.

In FY25, Rajputana Stainless posted a revenue of ₹932 crore and a net profit of ₹40 crore, showcasing its growth trajectory in the stainless steel market.

The IPO is proposed for listing on the BSE and NSE, with the most likely listing date set for 16 March 2026. The share allocation is expected to occur on 12 March 2026, pending confirmation.

Details remain unconfirmed regarding the overall market conditions affecting the IPO, as the stainless steel industry remains cyclical and vulnerable to cheaper imports, making earnings sensitive to commodity price swings and demand cycles.

KFin Technologies has been appointed as the official registrar for the public issue, ensuring a streamlined process for investors participating in this IPO.

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“Rajputana Stainless Steel, valued at ~21x P/E (post issue) on FY25 earnings (at the upper band) is valued fairly in relation to its competitors,” stated Anand Rathi, reflecting the cautious optimism surrounding the company’s initial public offering (IPO).

The IPO of Rajputana Stainless Ltd opened today and will remain available for subscription until March 11, 2026. The price band for the shares is set between ₹116 to ₹122, with the company aiming to raise ₹255 crore through this offering. Of this amount, ₹76 crore is reserved for Offer for Sale (OFS) and ₹179 crore will be raised through fresh shares.

The lot size for the IPO is 110 shares, making it accessible for retail investors. As of 12:42 PM on the first day of bidding, the IPO was subscribed 0.07 times overall, with the retail portion subscribed 0.03 times and the Non-Institutional Investor (NII) segment subscribed 0.20 times.

The Grey Market Premium (GMP) for the IPO today stands at ₹2, suggesting that investors are approaching the issue with caution. This sentiment is echoed in the analysis from BP Wealth, which recommends a ‘SUBSCRIBE’ rating for the issue, citing the company’s improving margins and diversified product portfolio.

Rajputana Stainless, incorporated in 1991, specializes in manufacturing long and flat stainless steel products used across various industries. For the six months ended September FY26, the company reported a revenue of ₹501 crore and a profit after tax of ₹24.4 crore, while for FY25, it posted a revenue of ₹932 crore and a net profit of ₹40 crore.

Despite the positive outlook, analysts warn that the stainless steel industry remains cyclical and vulnerable to cheaper imports, making earnings sensitive to commodity price fluctuations and demand cycles. This highlights the importance of careful consideration for potential investors.

The most likely date for share allocation is March 12, 2026, with the IPO proposed for listing on the BSE and NSE, expected on March 16, 2026. KFin Technologies has been appointed as the official registrar of the public issue.

As the IPO progresses, market participants will be closely monitoring subscription levels and investor sentiment to gauge the overall interest in Rajputana Stainless Ltd’s public offering.

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