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 pipeline includes two mainboard offerings and one SME issue, indicating continued fundraising momentum despite volatility in the secondary markets.
IPO Calendar for the Week
| Company | Segment | Issue Period | Price Band |
| GSP Crop Science | Mainboard | Mar 16 – Mar 18, 2026 | ₹304 – ₹320 |
| Central Mine Planning and Design Institute | Mainboard | Mar 20 – Mar 24, 2026 | To be announced |
| Novus Loyalty Limited | SME | Mar 17 – Mar 20, 2026 | ₹139 – ₹146 |
Mainboard IPOs in Focus
GSP Crop Science
Leading the week’s activity, GSP Crop Science operates in the agrochemical segment, offering a wide range of crop protection products including insecticides, herbicides, fungicides, and plant growth regulators.
With a legacy spanning over four decades, the company has developed a diversified portfolio, supported by more than 500 product registrations across formulations and technical agrochemicals as of September 2025.
For FY25, the company reported:
- Revenue: ₹1,287 crore
- Net Profit: ₹81 crore
The proceeds from the issue will be primarily used for debt reduction, along with general corporate purposes.
Central Mine Planning and Design Institute (CMPDI)
Central Mine Planning and Design Institute, a subsidiary of Coal India Limited, will launch the second mainboard IPO.
Established in 1974, CMPDI provides end-to-end consultancy services across the coal and mineral sectors, including exploration, mine planning, environmental advisory, and remote sensing solutions. The company holds a dominant position in the domestic market, with an estimated 61% share in coal and mineral consultancy.
Financial performance for FY25 includes:
- Revenue: ₹2,177 crore
- Profit After Tax: ₹667 crore
SME IPO This Week
Novus Loyalty Limited
In the SME segment, Novus Loyalty Limited is set to open its public issue on the BSE SME platform. The company operates in the customer engagement and loyalty solutions space, offering technology-enabled reward and retention programs for enterprises.
The issue is priced in the range of ₹139 to ₹146 per share, targeting investors in the SME segment.
Market Context
The upcoming IPOs come at a time when equity markets are experiencing heightened volatility. However, the steady flow of public issues reflects sustained investor interest and companies’ confidence in tapping capital markets for growth and expansion.
Disclaimer
This content is intended solely for educational and informational purposes. The securities mentioned are illustrative and do not constitute investment advice or recommendations. Investors are advised to conduct independent research and consult with financial advisors before making any investment decisions.
Investments in the securities market are subject to market risks. Please read all relevant offer documents carefully before investing.
Summary
- Three IPOs scheduled to open between March 16–20, 2026
- Includes two mainboard issues and one SME offering
- GSP Crop Science to open first, followed by CMPDI
- Novus Loyalty represents the SME segment
- Continued IPO activity despite secondary market volatility
- Investors advised to evaluate offerings carefully before participation
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.