Last Updated on February 26, 2026 by Rajat Bhati
The Indian primary market maintained its momentum, with seven IPOs launching in February 2026. Although the year started cautiously, investor sentiment improved significantly mid-month. The entry of major players like Fractal Analytics, Cleanmax Enviro, and PNGS Reva Diamond Jewellery has set a positive stage for the final month of the financial year. However, due to premium valuations, investors’ expectations of significant profits from these IPOs are low.
Global markets have recently witnessed a “relief rally” after immediate concerns about US tariff policies and geopolitical conflict subsided following the diplomatic framework. However, internal risks remain due to the ongoing Iran-US and Russia-Ukraine-NATO tensions. If all goes well globally, March 2026 could prove to be a good month for the primary market, with fundraising expected to exceed INR 15,000 crore this month. Without further ado, let’s take you straight to the list of upcoming IPOs in March 2026.
List of Upcoming IPOs in March 2026
SEDEMAC Mechatronics IPO
SEDEMAC Mechatronics is a deep-tech company spun out of IIT Bombay. SEDEMAC IPO will open on 4 March 2026. The company specialises in electronic control units (ECUs) and genset controllers, which are used by top-tier automotive and industrial OEMs worldwide. Their proprietary technology makes a significant difference in both the internal combustion engine (ICE) and electric vehicle (EV) ecosystems.
The IPO price band is INR 1,287–1,352 per share. The issue is entirely an offer for sale (OFS) of 80.43 lakh shares, amounting to approximately INR 1,087.45 crore. The IPO listing will provide a significant exit for early backers like A91 Partners and Catamaran Ventures.
Hero FinCorp IPO
Hero Fincorp, the financial services arm of the renowned Hero Group, is one of the most anticipated IPOs in the financial sector. As a leading NBFC, it leverages Hero MotoCorp’s extensive distribution network to provide retail, SME, and vehicle financing across India.
The total issue size is expected to be approximately INR 3,668 crore, comprising a fresh issue of INR 2,100 crore and an OFS portion. The company intends to use these fresh proceeds to expand its Tier-1 capital base to meet future business needs and support its growing loan book. For investors, this represents a positive outlook on India’s consumption and credit growth story.
Sify Infinit Spaces IPO: Most Awaited in IPOs expected in March 2026
Sify Infinit Spaces, a subsidiary of Sify Technologies, is the first company to drive the data center revolution in India. SIFY operates a network of AI-ready, high-capacity data centers that meet the needs of hyperscalers and large enterprises. With the rapid adoption of AI and cloud computing, Sify’s infrastructure is strategically positioned for long-term growth. The company is a leading provider of data centre colocation services, operating 14 data centres with a total capacity of 188 MW and building 11 additional data centres
Sify Infinit IPO is worth INR 3,700 crore, comprising a fresh issue of INR 2,500 crore and an OFS of INR 1,200 crore. The capital will be primarily deployed to expand data center capacity in hubs such as Chennai and Mumbai (Rabale).
Juniper Green Energy IPO
Juniper Green Energy is a major player in the utility-scale renewable energy space. The company has a large portfolio of over 7.8 GW across solar, wind, and hybrid projects. Juniper is planning to raise INR 3,000 crore via a totally fresh issue. The company intends to use the funds for debt repayment of its subsidiaries and funding new renewable power projects.
Shiprocket IPO
Shiprocket has transformed from a simple shipping aggregator to a comprehensive e-commerce enablement platform. The company provides logistics, warehousing, and tech solutions to thousands of D2C brands and SME sellers in India.
Shiprocket is looking to raise ~INR 2,342.35 crore from the primary market, comprising a fresh issue of INR 1,100 crore and an OFS of INR 1,242.35 crore. The company will use the funds from the IPO to fund international expansion and enhance its technology stack to maintain its position and leadership in the e-commerce logistics space.
Gaja Alternative Asset Management IPO
Gaza Alternative is an asset management company focused on private credit and structured debt. It serves HNIs and family office clients seeking risk-adjusted returns in the private market. Gaza intends to raise INR 656.20 crore via IPO, which includes a fresh issue of INR 549.20 crore. As India’s alternative investment space matures, Gaza’s listing will provide investors with a unique entry point into this specialized finance segment.
IPO Approvals Lapsing in March 2026
Apart from the IPOs expected in March, there are two companies whose IPO approvals lapsing in March 2026, which may force them to launch their issues soon:
- Innovision: A major player in manpower and security services, Innovision serves healthcare and logistics sectors. Its SEBI approval is valid until 12 March 2026.
- GSP Crop Sciences: This agri-tech firm focuses on sustainable crop protection. Its approval is lapsing by the end of March 2026, it may tap the markets to fund its capacity expansion and R&D initiatives.