Synopsis: The stock market is getting ready for a busy week as three major companies Powerica, Sai Parenterals, and Amir Chand Jagdish Kumar (Exports) open for their Initial Public Offerings (IPOs) for subscription on Tuesday, March 24, 2026. Together, these companies are looking to raise over ₹1,950 crore from the public.

Upcoming Mainboard IPOs March 2026: Full List & Key Details

After a rocky Monday where the overall market fell sharply, all eyes are now on these three new entries.

While each company belongs to a different industry-power, medicine, and food-investors are being cautious because the “Grey Market Premium” (the unofficial guess on profit) is currently very low.

Here is a simple guide to help you understand these three IPOs.

1. Powerica Ltd: The Power Backup Giant

Powerica is a well-known company that makes big diesel and gas generators (the kind used in hospitals and factories). They have been in business since 1984 and also run wind energy projects.

• Dates: March 24 – March 27, 2026
• Price Band: ₹375 – ₹395 per share
• Minimum Investment: ₹14,615 (for 37 shares)
• The Goal: The company wants to raise ₹1,100 crore, mostly to pay off its old loans and grow the business.
• Layman View: It’s a solid, old company, but its profit dropped a bit last year. Since they provide backup power, their business grows when more factories and data centers are built.

2. Sai Parenterals: The Medicine Maker

This is a pharmaceutical company that makes various types of medicines, including liquids and tablets. They sell their own brands and also make medicines for other big pharma companies.

• Dates: March 24 – March 27, 2026
• Price Band: ₹372 – ₹392 per share
• Minimum Investment: ₹14,896 (for 38 shares)
• The Goal: They are raising ₹409 crore to expand their factories and build a new research lab.
• Layman View: The company’s profits have been growing steadily over the last three years. However, they face a risk because some state government agencies have complained about product quality in the past.

3. Amir Chand Jagdish Kumar: The “Aeroplane” Rice Brand

This company is a major exporter of Basmati rice under the famous “Aeroplane” brand. They sell rice in India and export it to over 38 countries, especially in the Middle East.

• Dates: March 24 – March 27, 2026
• Price Band: ₹201 – ₹212 per share
• Minimum Investment: ₹14,840 (for 70 shares)
• The Goal: They want to raise ₹440 crore to buy more raw rice (paddy) and manage their daily business costs.
• Layman View: Their sales and profits have nearly doubled in the last year, which is great. But keep in mind that rice businesses depend a lot on government rules and rain. Also, some experts think the price of this IPO is a bit high compared to other rice companies.

Summary of Upcoming IPOs (March 24–27, 2026)

Also read about Decoding India’s Quick Commerce

Important Note for Investors

Currently, the Grey Market Premium (GMP) for all three is almost Zero. This means the market isn’t expecting a huge “listing gain” or instant profit on the first day.

Because the overall stock market is currently quite shaky, it might be wise to see how many people (especially big institutional investors) apply on the first two days before you make your decision.

Disclaimer: The views expressed are for informational purposes only and do not constitute financial advice. Investing in stocks and IPOs involves significant risk.

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