Synopsis: March 2026 is expected to be a strong month for India’s primary market, with fundraising likely to cross Rs. 15,000 crore. Several major IPOs across finance, renewable energy, logistics, and data centres are lined up. Here is a complete overview of the upcoming IPOs and key details investors should know.
March 2026 IPO Market Outlook
The Indian primary market maintained strong momentum in February 2026 with seven IPO launches. Although the year started cautiously, investor confidence improved significantly during the second half of the month.
Major names such as Fractal Analytics, Cleanmax Enviro, and PNGS Reva Diamond Jewellery boosted sentiment for the final month of the financial year. However, due to premium valuations, expectations of large listing gains remain moderate.
Globally, markets witnessed a relief rally after concerns around US tariff policies and geopolitical tensions eased. However, risks continue due to Iran-US and Russia-Ukraine-NATO tensions. If global stability continues, March 2026 could see fundraising exceeding Rs. 15,000 crore.
List of Upcoming IPOs in March 2026
SEDEMAC Mechatronics IPO
SEDEMAC Mechatronics, a deep-tech company spun out of IIT Bombay, will open its IPO on 4 March 2026. The company develops electronic control units (ECUs) and genset controllers used by global automotive and industrial OEMs.
- Price Band: Rs. 1,287 – Rs. 1,352 per share
- Issue Type: Entirely Offer for Sale (OFS)
- Issue Size: 80.43 lakh shares
- Total Value: Approx. Rs. 1,087.45 crore
Hero FinCorp IPO
Hero FinCorp, the financial services arm of the Hero Group, is among the most anticipated IPOs in the NBFC sector. It provides retail, SME, and vehicle financing leveraging Hero MotoCorp’s distribution network.
- Total Issue Size: Approx. Rs. 3,668 crore
- Fresh Issue: Rs. 2,100 crore
- Offer for Sale: Balance portion
- Use of Funds: Strengthening Tier-1 capital base
Sify Infinit Spaces IPO
Sify Infinit Spaces, a subsidiary of Sify Technologies, operates AI-ready data centres across India. The company currently runs 14 data centres with 188 MW capacity and is developing 11 additional centres.
- IPO Size: Rs. 3,700 crore
- Fresh Issue: Rs. 2,500 crore
- Offer for Sale: Rs. 1,200 crore
- Expansion Focus: Chennai and Mumbai (Rabale)
Juniper Green Energy IPO
Juniper Green Energy operates in the renewable energy sector with a portfolio exceeding 7.8 GW across solar, wind, and hybrid projects.
- Fundraising Target: Rs. 3,000 crore
- Issue Type: Fully Fresh Issue
- Use of Funds: Debt repayment and new renewable projects
Shiprocket IPO
Shiprocket has evolved into a comprehensive e-commerce enablement platform offering logistics, warehousing, and technology services to D2C brands and SMEs.
- Total Issue Size: Approx. Rs. 2,342.35 crore
- Fresh Issue: Rs. 1,100 crore
- Offer for Sale: Rs. 1,242.35 crore
- Use of Funds: International expansion and technology upgrades
Gaja Alternative Asset Management IPO
Gaja Alternative Asset Management focuses on private credit and structured debt for HNIs and family offices.
- Total Issue Size: Rs. 656.20 crore
- Fresh Issue: Rs. 549.20 crore
- Segment: Alternative investment & private credit
IPO Approvals Lapsing in March 2026
- Innovision: SEBI approval valid until 12 March 2026.
- GSP Crop Sciences: Approval lapsing by end of March 2026.
📌 Key Takeaway
March 2026 could be one of the busiest months for IPO activity in FY 2025-26. With strong participation from finance, renewable energy, logistics, and data centre sectors, investors should evaluate valuations carefully as premium pricing may limit short-term listing gains.