India’s primary market is gearing up for another active week, with three companies preparing to launch their initial public offerings (IPOs). Among the upcoming issues, the IPOs of GSP Crop Science and Novus Loyalty are expected to draw investor attention. The new public offerings come at a time when India’s IPO market continues to remain active despite volatility in the secondary markets.
These IPOs represent companies from different sectors, including agrochemicals and loyalty solutions, reflecting the diversity of businesses seeking to raise funds through the capital markets. Investors often track such upcoming IPOs closely as they offer opportunities to invest in companies at an early stage of their public market journey.
The offerings scheduled for the coming week include both a mainboard IPO and SME-segment IPOs. While mainboard IPOs generally attract a wider investor base and higher capital inflows, SME IPOs provide smaller companies with access to public funding and greater market visibility.
GSP Crop Science IPO to Open on March 16:
One of the major IPOs scheduled for the week is the public issue of GSP Crop Science, a research-driven agrochemical company. The IPO will open for subscription on March 16, 2026 and close on March 18, 2026. The company plans to raise around ₹400 crore through the issue.
The price band for the IPO has been set between ₹304 and ₹320 per share, and investors will be able to bid for shares within this range. The minimum lot size for retail investors is 46 shares, which means a minimum investment of around ₹14,720 at the lower end of the price band.
The IPO consists of a fresh issue of shares as well as an offer for sale by existing shareholders. According to available details, a portion of the funds raised through the fresh issue will be used to repay certain borrowings of the company, while the remaining proceeds will be used for general corporate purposes.
GSP Crop Science operates in the agrochemical sector and manufactures products such as herbicides, fungicides, insecticides and plant growth regulators. The company focuses on developing crop protection solutions and has built a presence in both domestic and international markets. The shares of the company are expected to be listed on the BSE and NSE after the completion of the IPO process.
Novus Loyalty IPO Scheduled to Open on March 17:
Another upcoming issue is the IPO of Novus Loyalty Limited, which will open for subscription on March 17, 2026 and close on March 20, 2026. The company plans to raise about ₹60.15 crore through its SME IPO.
The price band for the Novus Loyalty IPO has been set between ₹139 and ₹146 per share. Investors will need to apply for a minimum lot size of 1,000 shares, making the minimum investment significantly higher than most mainboard IPOs. Novus Loyalty operates in the loyalty and customer engagement solutions segment, offering services that help businesses improve customer retention and reward programs. The company provides technology-driven platforms that allow brands to run loyalty campaigns, reward customers and analyze consumer behavior.
The IPO consists of a mix of fresh issue shares and an offer for sale by existing shareholders. The shares are expected to be listed on the BSE SME platform after the completion of the allotment process. The listing is currently scheduled to take place around March 25, 2026. SME IPOs like Novus Loyalty are often considered higher-risk investments because they involve smaller companies with limited operating histories compared with large mainboard firms. However, they can also offer strong growth potential if the company’s business expands successfully.
IPO Market Momentum Continues in India:
The upcoming IPOs reflect the continued momentum in India’s primary market, where companies across sectors are seeking to raise capital from public investors. Over the past few years, India has emerged as one of the most active IPO markets globally, with a steady pipeline of new listings. Strong participation from retail investors, improved digital trading platforms and rising interest in equity investments have contributed to this trend. Companies are increasingly choosing public listings to raise funds for expansion, debt repayment and business growth.
At the same time, investors carefully evaluate upcoming IPOs by studying factors such as company fundamentals, industry growth prospects and valuation. While some IPOs deliver strong listing gains, others may face volatility depending on market conditions.The upcoming issues from GSP Crop Science and Novus Loyalty will therefore be closely watched by market participants. Their performance could provide insights into investor sentiment and the strength of demand in India’s IPO market in the coming weeks.
With several companies preparing to go public, the pipeline for IPOs in India is expected to remain active through the year. As new businesses continue to tap the capital markets, investors will have more opportunities to participate in the growth stories of emerging companies.
