Upcoming IPO In March 2025: March 2025 will see multiple companies across sectors launching IPOs, leveraging favorable market trends and rising investor interest. As the year winds down, the Indian primary market is heating up with a lineup of exciting upcoming IPOs in March 2025. This month, promising IPOs are expected to launch in sectors such as renewable energy, digital payments, healthcare technology and logistics. The Upcoming IPO this month are Prostarm Info Systems, Vikram Solar, JSW Cement, Ather Energy, NAPS Global, Balaji Phosphates.
Upcoming IPO In March 2025
| Upcoming IPO 2025 | Open Date | Closing Date | IPO Type | IPO Size | Price Band |
|---|---|---|---|---|---|
| Prostarm Info Systems | TBA | TBA | Mainboard | – Cr. | ₹[.] to ₹[.] |
| Vikram Solar | TBA | TBA | Mainboard | – Cr. | ₹[.] to ₹[.] |
| JSW Cement | TBA | TBA | Mainboard | ₹4000 Cr. | ₹[.] to ₹[.] |
| Ather Energy | TBA | TBA | Mainboard | – Cr. | ₹[.] to ₹[.] |
| NAPS Global | 4 March | 6 March | SME | ₹11.88 Cr. | ₹90 |
| Balaji Phosphates | 28 Feb | 4 March | SME | 50.11 Cr. | ₹66 to ₹70 |
Prostarm Info Systems IPO
Prostarm Info Systems is a leading provider of power conditioning equipment, specializing in manufacturing, sales, and service. Its solutions, including lithium-ion battery packs, UPS systems, voltage stabilizers, and solar hybrid inverters, cater to sectors like education, healthcare, aviation, and defense. With 22 branch offices and two storage facilities across 17 states and one union territory, the company ensures a strong nationwide presence. Financially, it grew from ₹17,130.73 Lacs in 2022 to ₹25,787.04 Lacs in 2024. Committed to customer satisfaction and adaptability, Prostarm continues to expand its reach and innovation.
Vikram Solar IPO
Vikram Solar Limited, founded in 2009, is a leading solar panel manufacturer supporting India’s renewable energy transition. Starting with a 12 MW production capacity, it has expanded to 3.50 GW and aims to reach 10.50 GW by FY26 and 15.50 GW by FY27. The company integrates various solar products, including panels, inverters, and robotic cleaning systems, ensuring high-quality performance. To strengthen its presence, it is building a 3 GW solar cell manufacturing plant in Tamil Nadu. With a revenue of ₹25,109.90 million in 2024, Vikram Solar continues to drive innovation and market growth in the solar energy sector.
JSW Cement IPO
JSW Cement Limited is the fastest-growing cement manufacturer in India, with a CAGR of 14.14% in installed grinding capacity and 19.06% in sales volume from Fiscal 2014 to 2024, surpassing industry averages. As of March 31, 2024, its installed grinding capacity stood at 20.60 MMTPA, with plans to expand to 40.85 MMTPA. A leader in green cement production, 80.68% of its Fiscal 2024 sales came from eco-friendly GGBS. The company maintains a lower clinker-to-cement ratio than peers, contributing to significantly lower carbon emissions.
Operating seven strategically located plants, JSW Cement ensures cost-effective production by sourcing raw materials from nearby limestone mines and steel plants. Its distribution network includes 5,043 dealers and 10,412 sub-dealers across India. Backed by the JSW Group, the company benefits from seamless access to raw materials and power, reinforcing its commitment to sustainability and industry leadership.
Ather Energy IPO
Ather Energy is a leading player in India’s electric two-wheeler (E2W) market, known for its innovation in electric mobility. The company designs and manufactures electric scooters, battery packs, charging stations, and related software, all developed in India. With a strong focus on local innovation and sustainability, Ather ensures high-quality production by assembling E2Ws in-house. It was the first two-wheeler OEM in India to establish a fast-charging network, branded as Ather Grid. So far, the company has sold 1,09,577 electric scooters, reinforcing its commitment to advancing India’s EV ecosystem.
NAPS Global IPO
NAPS Global India Limited is a leading wholesale importer of textile products, playing a key role in Maharashtra’s garment manufacturing supply chain. The company imports bulk cotton and man-made fabrics from China and Hong Kong, supplying vendors across the region. Its product range includes cotton, velvet, knitted, linen, and other fabrics, along with garments like women’s tops, men’s shirts, t-shirts, kids’ wear, and jeans. Headquartered in Mumbai, the company operates a warehouse in Bhiwandi, Thane, ensuring efficient storage and distribution. With a strong presence in the textile industry, NAPS Global India continues to support garment manufacturers with quality materials.
Balaji Phosphates IPO
Balaji Phosphates is a leading supplier of quality fertilizers, including Single Super Phosphate (SSP), NPK Granulated & Mixed Fertilizers, and Zinc Sulphate. Founded on April 4, 1996, the company ensures all its products meet the Fertilizer Control Order of India regulations. As of March 31, 2024, its plant had an annual production capacity of 1,20,000 MT for SSP, 3,300 MT for Zinc Sulphate, and 49,500 MT for NPK fertilizers. With a revenue of ₹151.55 crore in FY 2024, Balaji Phosphates continues to grow, supporting the agricultural sector with high-quality fertilizers.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors are requested to verify facts themselves and seek advice from a financial advisor before making any investment decision.
