IPOs This Week: 4 IPOs Opening March 9-13, 2026

If you have been thinking about investing in IPOs, this week is packed with options. Four public issues worth over Rs 6,600 crore are opening for subscription between March 9 and March 13, 2026. Whether you are a seasoned investor or someone who has just started exploring the stock market, this is a good time to understand what is on offer.

Let us break down each IPO in simple terms — what the company does, how much money they want to raise, and the key dates you need to know.

1. Rajputana Stainless Ltd IPO — Rs 255 Crore

This is the first IPO to open this week, kicking off on Sunday, March 9, 2026.

What Does Rajputana Stainless Do?

Think of all the stainless steel products you use every day — from kitchen utensils to parts inside cars and airplanes. Rajputana Stainless manufactures long and flat stainless-steel products. They make over 80 grades of stainless steel used in industries like aerospace, defence, automotive, and oil & gas.

Key IPO Details

• IPO Size: Rs 254.98 crore (2.09 crore equity shares)

• Price Band: Rs 116 – Rs 122 per share

• Lot Size: 110 shares (minimum investment of Rs 13,420)

• Open Date: March 9, 2026

• Close Date: March 11, 2026

• Listing Date: March 16, 2026 (tentative) on BSE and NSE

Financials at a Glance

For the half year ending September 2025, the company reported total income of Rs 502.77 crore and a profit after tax of Rs 24.41 crore. The P/E ratio at the upper price band comes to about 21.1x.

2. Innovision Limited IPO — Rs 322.84 Crore

This one opens a day later, on Monday, March 10, 2026.

What Does Innovision Do?

Innovision Limited is a Gurgaon-based company that provides manpower services and toll plaza management. If you have ever driven on a national highway and stopped at a toll booth, there is a chance Innovision was managing it. The company currently operates 9 toll plazas, primarily for NHAI.

Beyond toll management, they offer staffing solutions, facility management, payroll services, and skill development training. They operate in 23 states and 5 union territories.

Key IPO Details

• IPO Size: Rs 322.84 crore (fresh issue of Rs 255 crore + OFS of Rs 67.84 crore)

• Price Band: Rs 521 – Rs 548 per share

• Lot Size: 27 shares (minimum investment of Rs 14,796)

• Open Date: March 10, 2026

• Close Date: March 12, 2026

• Listing Date: March 17, 2026 (tentative) on BSE and NSE

Financials at a Glance

For FY2025, Innovision reported a profit of Rs 29 crore — a massive jump of 182.5% compared to Rs 10.3 crore in FY2024. Revenue also grew by 75% to reach Rs 893.1 crore.

3. Raajmarg Infra Investment Trust (RIIT) — Rs 6,000 Crore

This is the biggest IPO of the week and arguably the most interesting one. It opens on Tuesday, March 11, 2026.

What Is Raajmarg InvIT?

This is not a regular company IPO. It is an Infrastructure Investment Trust (InvIT) — think of it like a mutual fund, but instead of investing in stocks, it invests in road and highway projects.

What makes this special? It is sponsored by NHAI (National Highways Authority of India) and is India's first highway InvIT. The government is essentially allowing regular investors to invest in toll roads and earn returns from the toll collections.

Raajmarg's current portfolio consists of five road assets spanning 260.19 kilometres across Karnataka, Tamil Nadu, Andhra Pradesh, and Jharkhand. The portfolio is valued at approximately Rs 9,500 crore.

Key IPO Details

• IPO Size: Rs 6,000 crore (60 crore units — entirely fresh issue)

• Price Band: Rs 99 – Rs 100 per unit

• Lot Size: 150 units (minimum investment of Rs 15,000)

• Open Date: March 11, 2026

• Close Date: March 13, 2026

• Listing Date: March 24, 2026 (tentative) on BSE and NSE

Why This IPO Stands Out

At just Rs 99-100 per unit, this is the most affordable entry point among this week's IPOs. It is backed by the government through NHAI, which adds credibility. The returns come from toll collections on national highways — something that is fairly predictable and grows as traffic increases.

For context, you can use our Compound Interest Calculator to see how regular distributions from an InvIT could compound over time.

4. Apsis Aerocom IPO — Rs 36 Crore (SME)

The smallest IPO of the week also opens on Tuesday, March 11, 2026.

What Does Apsis Aerocom Do?

Apsis Aerocom is a Bangalore-based company that specialises in precision engineering for the aerospace, defence, and healthcare industries. They manufacture components using advanced CNC machines.

Key IPO Details

• IPO Size: Rs 36 crore (entirely fresh issue)

• Price Band: Rs 104 – Rs 110 per share

• Lot Size: 1,200 shares (minimum investment of Rs 1,32,000)

• Open Date: March 11, 2026

• Close Date: March 13, 2026

• Listing Date: March 18, 2026 (tentative) on NSE SME

Quick Comparison: All 4 IPOs This Week

IPOSizePrice BandOpenCloseMin. Investment


Rajputana StainlessRs 255 CrRs 116-122Mar 9Mar 11Rs 13,420
Innovision LimitedRs 323 CrRs 521-548Mar 10Mar 12Rs 14,796
Raajmarg InvITRs 6,000 CrRs 99-100Mar 11Mar 13Rs 15,000
Apsis Aerocom (SME)Rs 36 CrRs 104-110Mar 11Mar 13Rs 1,32,000

Should You Apply? Things to Keep in Mind

Do Your Own Research

Read the Red Herring Prospectus (RHP) of any IPO you are interested in. It is available on the SEBI website.

Do Not Put All Your Eggs in One Basket

IPOs can be exciting, but they should be just one part of your overall investment strategy. A disciplined SIP (Systematic Investment Plan) in mutual funds often delivers better long-term results. Use our SIP Calculator to see how small monthly investments can grow into a large corpus over time.

Think Long Term

Many people apply for IPOs just to sell on listing day for a quick profit. If you believe in the company's business, consider holding the shares for the long term. Use our Lumpsum Calculator to estimate how your one-time investment could grow over 5, 10, or 15 years.

Understand the Risks

• Mainboard IPOs (Rajputana, Innovision, Raajmarg) have stricter listing requirements from SEBI.

• SME IPOs (Apsis Aerocom) can offer higher returns but come with higher risk.

• InvITs (Raajmarg) are more like fixed-income instruments with toll revenue as underlying income.

How to Apply for These IPOs

1. Open a Demat account with any registered broker.

2. Log in to your broker's app during the subscription period.

3. Search for the IPO and select the number of lots.

4. Complete the payment via UPI — approve the mandate request on your UPI app.

5. Wait for allotment. Shares will appear in your Demat account before listing date.

The Bottom Line

This is a busy week for the Indian IPO market. The standout is clearly the Raajmarg InvIT — India's first highway InvIT backed by NHAI, offering a unique way for regular investors to participate in the country's infrastructure growth story.

Stay informed. Invest wisely.

Disclaimer: This article is for informational purposes only and should not be considered as investment advice. Stock market investments are subject to market risks. Please read all scheme-related documents carefully before investing. Past performance is not indicative of future results. Consult a SEBI-registered financial advisor before making any investment decisions.