India’s primary market is set for a busy week as three companies plan to launch initial public offerings (IPOs) worth nearly ₹2,300 crore, even as equity markets remain volatile amid ongoing geopolitical tensions in West Asia.
The IPO pipeline includes two mainboard offerings and one SME issue scheduled to open during the week starting March 16. The developments come after benchmark indices fell more than 5% last week due to investor concerns over the escalating conflict involving the US, Israel, and Iran.
Agrochemical firm GSP Crop Science will be the first to hit the market with its ₹400-crore IPO opening March 16. The offer is priced in the ₹304–320 per share range and consists of a fresh issue of ₹240 crore and an offer for sale of 50 lakh shares by promoters. The company has already secured ₹120 crore from two anchor investors ahead of the launch.
Mining consultancy Central Mine Planning & Design Institute will follow with a larger ₹1,838-crore IPO opening March 20. The issue, priced at ₹163–172 per share, is entirely an offer for sale by promoter Coal India.
Meanwhile, loyalty solutions provider Novus Loyalty will launch a ₹60.15-crore SME IPO on March 17.
Despite volatile markets, the steady pipeline suggests companies remain confident about investor appetite for new listings.

