The IPO market is going to be very quiet this week, because only two issues are going to open. Due to market fluctuations, the pace of IPO remains slow at present. The coming week includes an SME IPO and a REIT issue. Apart from this, the listing of Vivid Electromech, which was closed last week, will also be seen, which had received a normal response from investors.
Only one SME IPO will open
Safety Controls and Devices will open its Rs 48 crore SME IPO for subscription from April 6 to April 8. The price band of this issue has been kept at Rs 75 to Rs 80 per share. This is a completely fresh issue and will be listed on the BSE SME platform. The company provides EPC services in substations, solar plants and infrastructure projects, especially for government institutions and power companies.
Even before this issue, the company has raised Rs 12.67 crore from anchor investors, which indicates that there is some interest from big investors. The amount raised will be used to repay the loan and meet the working capital needs. At present its GMP in the unofficial market is zero.
REIT issue will also come in the market
The second issue this week is PropShare Celestia REIT of Property Share Investment Trust, which will open from April 10 to April 16. Its size is around Rs 245 crore and it is also a completely fresh issue. Its price has been fixed between Rs 10 lakh to Rs 10.5 lakh per unit and it will be listed on BSE.
This REIT offers an opportunity to invest in a commercial property in Ahmedabad, where corporate companies and co-working operators are the tenants. Due to this, investors have the possibility of getting regular rental income. It also reflects the gradual expansion of India’s small and medium REIT sector.
Why the slowdown in IPO market?
In 2026, the pace of the IPO market seems to be slower than before. Increasing global uncertainty, such as geopolitical tensions and rising oil prices, is affecting investor confidence.
Also, the weak performance of many companies after listing in recent months has made investors a bit cautious, especially the participation of small investors has reduced. For this reason, many companies are postponing their IPO plans or changing their valuations.
What to expect next?
Although the IPO pipeline is not completely finished, but currently companies are waiting for a better and stable market. When the market situation improves, then big IPOs can be seen again.