Three major IPOs launch in March with strong investor potential
Three companies are set to launch their initial public offerings (IPOs) in March, offering new investment opportunities. GSP Crop Science, Novus Loyalty, and Central Mine Planning will each open their share sales within days of each other. The listings will take place on major exchanges, including BSE and NSE, with varying lot sizes and price ranges.
GSP Crop Science will kick off the IPO wave on March 16, aiming to raise ₹400 crore. Investors can bid for shares at a price band of ₹304 to ₹320, with a minimum lot size of 46 shares. The company's shares were listed on March 24, and its stock price surged by over 50% in the early trading days. After some stabilisation, the share value remains around 30% higher than its IPO price, pushing the company's market capitalisation to approximately 2,500 crore (€2.5 billion).
Novus Loyalty follows closely, with its IPO opening on **March 17** and closing on **March 20**. The price band is set between ₹139 and ₹146 per share, and each lot consists of 1,000 shares. The company's shares will list on the **BSE SME platform on March 25**. Finally, Central Mine Planning will launch its IPO on **March 20**, with listing scheduled for **March 30** on both the BSE and NSE. The company has not yet disclosed its price band or lot size details.
The three IPOs provide investors with different options, from agricultural chemicals to loyalty programmes and mining consultancy. GSP Crop Science has already shown strong market performance, while Novus Loyalty and Central Mine Planning will soon enter public trading. Each listing offers distinct investment profiles, with varying lot sizes and price ranges.
