Upcoming IPOs Next Week: Rajputana Stainless, Innovision, And One More Mainboard Issue To Open For Subscription

The primary market will be abuzz in the coming week of March 9–13, 2026, as three companies are set to launch their mainboard initial public offerings (IPOs), while another will open its offer in the small and medium enterprise (SME) segment.

Two SME IPOs that opened last week will also remain available for bidding in the coming week. The week will also see one mainboard IPO listing, and three SME IPO listings.

Upcoming IPOs Next Week

The following IPOs are set to open in the week of March 9-13, 2026.

Rajputana Stainless IPO (Mainboard)

Rajputana Stainless’ IPO will open on March 9, 2026, and close on March 11, 2026. The company aims to raise Rs 254.98 crore through a combination of a fresh issue of 14.70 million equity shares worth Rs 178.73 crore and an offer for sale (OFS) of 6.30 million shares aggregating to Rs 76.25 crore.

The price band has been fixed at Rs 116–122 per share and investors can bid in a lot size of 110 equity shares. At the upper price band, retail investors will need to commit a minimum of Rs 13,420 to apply for one lot.

Incorporated in 1991, Rajputana Stainless manufactures long and flat stainless-steel products. The company offers a range of stainless steel products, including billets, forging ingots, rolled black and bright bars, flat and patti, and other ancillary products across more than 80 grades.

Innovision IPO (Mainboard)

Innovision’s IPO will open for subscription on March 10, 2026, and close on March 12, 2026. The company plans to raise Rs 322.84 crore through a mix of fresh issue and offer for sale. The fresh issue comprises 4.70 million equity shares worth Rs 255 crore, while 1.20 million shares aggregating to Rs 67.84 crore will be sold by existing shareholders through the OFS route.

The price band has been set at Rs 521–548 per share, with investors required to bid in a lot size of 27 shares. At the upper end of the price band, retail investors will have to invest a minimum of Rs 14,796 to apply for one lot.

Incorporated in 2007, Innovision offers manpower services, toll plaza management and skill development training to clients across India. The company has a network of 35 offices, including its registered and corporate offices, and operates across 23 states and five union territories as of January 15, 2026.

Raajmarg Infra Investment Trust IPO (Mainboard)

Raajmarg Infra Investment Trust’s IPO will open for subscription on March 11, 2026, and close on March 13, 2026. The trust plans to raise Rs 6,000 crore through an entirely fresh issue of 60 crore units.

The price band has been fixed at Rs 99–100 per unit and investors can bid in a lot size of 150 units. At the upper end of the price band, investors will need to commit a minimum of Rs 15,000 to apply for one lot.

Raajmarg Infra Investment Trust (Raajmarg InvIT) was established in November 2025 and is registered with the Securities and Exchange Board of India (Sebi) as an infrastructure investment trust. The InvIT invests in and manages operational national highway assets through special purpose vehicles (SPVs) under concession agreements. Its portfolio includes toll-operating road assets such as the Chennai Bypass, Chennai–Tada, Chilakaluripet–Vijayawada, Gorhar–Barwa Adda and Neelmangla–Tumkur stretches of national highways, generating revenue primarily through toll collections and highway operation and maintenance activities.

Other IPO Action To Watch Next Week

One mainboard offer – Sedemac Mechatronics IPO, which was available for bidding from March 4-6, will make its stock market debut on both the NSE and the BSE with a tentative listing date of March 11.

In the SME segment, Elfin Agro India IPO and Srinibas Pradhan Constructions IPO, which opened last week, will be available for subscription till March 9 and March 10, respectively.

Three SME issues, Acetech E-Commerce IPO, along with Elfin Agro India IPO and Srinibas Pradhan Constructions IPO will list on March 9 on NSE SME, March 12 on BSE SME, and March 13 on NSE SME, respectively.