As the financial year FY25 draws to a close, the IPO market has hit an unusual lull in the last month. March 2025 has been remarkably quiet, marking the first time in nearly two years that Dalal Street has seen such a dry spell, last seen in May 2023. With no mainboard IPOs making their debut, many might be wondering – Is this just a temporary pause before a bigger surge?
As FY26 dawns, there are many anticipation that there are several prominent companies in line up to launch their IPOs in the coming months. But, as for now, the focus remains on the SME segment, with new listings.
While no fresh mainboard or SME IPOs are opening for bidding this week, four ongoing issues are still available for subscription, and four SME IPOs are set to make their debut on the exchanges.
With the week starting on a quieter note, let’s take a look at the ongoing IPOs and upcoming listings.
Ongoing IPOs: Subscription still open Retaggio Industries IPO
Retaggio Industries has launched a Rs 15.50 crore IPO in the SME segment, offering a fresh issue of 61.98 lakh shares at Rs 25 per share. Investors can subscribe to the issue between March 27 and April 2, with allotments expected on April 3. The company will make its trading debut on the BSE SME platform on April 7. Gretex Corporate Services is leading the issue, with Gretex Share Broking acting as the market maker.
ALSO READNSE IPO delay: Report indicates SEBI concerns may push listing further Spinaroo Commercial IPO
Spinaroo Commercial is bringing a Rs 10.17 crore IPO, comprising a fresh issue of 19.94 lakh shares at Rs 51 per share. The subscription window, which opened on March 28, will close on April 3, with allotment finalisation scheduled for April 4. The company will list on the BSE SME platform on April 8. Finshore Management Services Limited is managing the issue, while Black Fox Financial Private Limited serves as the market maker.
Infonative Solutions IPO
Infonative Solutions is eyeing an IPO with a Rs 24.71 crore issue. Unlike fixed-price SME IPOs, this one follows a book-building format, with a price band of the range between Rs 75 to Rs 79 per share.
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