Raajmarg Infra InvIT launched a Rs. 6,000 crore IPO at a price band of Rs. 99-Rs. 100 per unit, with allotment expected on March 18 and listing on March 24.
Innovision’s Rs. 306 crore IPO is open from March 10 to March 17 with a price band of Rs. 494-Rs. 519 per share.
Kheria Autocomp IPO will be launched on NSE SME platform through a book-built issue. On the other hand, Skyways Air Services IPO will include a fresh issue along with an offer for sale of about 1.33 crore shares by promoters
OneClick Logistics opened a Rs. 35.01 crore rights issue offering 11.18 lakh shares at Rs. 313 each with a 1:5 entitlement ratio.
The IPO market saw five issues this week that are either open, closing soon, or just around the corner. These are covering sectors like road infrastructure, auto components, logistics, manpower services, and freight forwarding. With over Rs. 6,500 crore in play, investors are being forced to choose between steady, long-term yields and aggressive, high-growth bets.
Perhaps you have already put your money down and are anxiously waiting to check your allotment status. On the other hand, you might still be sitting on the sidelines, weighing a final move before the windows shut. Regardless of where you stand, the following breakdown covers every critical detail you need to make smarter calls. From finalised price bands to the specific dates when these shares hit the exchange, here is your roadmap for this week's IPO news.
If you are looking for a government-linked infrastructure play, Raajmarg Infra InvIT is worth watching. Sponsored by the National Highways Authority of India (NHAI), this SEBI-registered infrastructure investment trust aims to buy, manage, and run operational toll road projects across India. Its current portfolio covers five highway stretches in Jharkhand, Andhra Pradesh, Tamil Nadu, and Karnataka, spanning roughly 260 km.
The IPO opened on March 11 and closed on March 13, with a price band of Rs. 99 to Rs. 100 per unit. The total issue size is Rs. 6,000 crores, entirely a fresh issue. Allotment is set for March 18, and listing on BSE and NSE is expected on March 24. One thing retail investors should note upfront: this is not for them. The retail quota here is 0%.
The issue is split between QIBs (75%) and HNIs (25%), with a minimum application of 150 units worth Rs. 15,000. Anchor investors were allotted shares on March 10, with Rs. 1,728 crores raised at that stage. Most of the proceeds, Rs. 5,850 crores, will go toward paying NHAI the concession value for the toll road assets.
Innovision is a Delhi-based company offering manpower services, toll plaza management, and skill training. It is currently open for subscription. The IPO opened on March 10 and closes on March 17, with a price band of Rs. 494 to Rs. 519 per share. The issue size is Rs. 306 crores. Out of which, there would be a fresh issue of Rs. 242 crores plus an offer for sale of 12.38 lakh shares.
Revenue has grown sharply from Rs. 257 crores in FY2023 to Rs. 895 crores in FY2025. Profit also improved, reaching Rs. 29 crores in FY2025 from Rs. 8.88 crores two years ago. However, the EBITDA margin stands at just 5.79%, and the PAT margin at 3.25%, which signals a low-margin business. The ROE is healthy at 35.45%, though the debt-to-equity ratio is close to 1, meaning the company carries a fair amount of debt.
A chunk of the IPO proceeds, Rs. 51 crores, will go toward paying off borrowings, and Rs. 119 crores toward working capital. The review on this one is ‘Avoid,’ so aggressive investors should price in the risks before applying. Allotment is on March 18, with listing on BSE and NSE on March 20.
Kheria Autocomp is a Gujarat-based plastic injection moulding manufacturer supplying auto parts to Tier-I OEM suppliers. Set up in 2009, the company covers both ICE and EV segments. It makes interior trims, under-hood parts, exterior plastic components, and HVAC ducts from its facility in Sanand.
The financials of the auto company are good. Its revenue jumped from Rs. 62.40 crores in FY2024 to Rs. 92.31 crores in FY2025, while profit nearly tripled from Rs. 3.31 crores to Rs. 8.24 crores. The ROE is 34.18%, EBITDA margin is 17.58%, and PAT margin stands at 8.95%, solid numbers for an SME in the auto ancillary space. The IPO will list on NSE SME. Exact dates, price band, and lot size are yet to be announced. Investors looking for a long-term SME bet in the EV supply chain space may want to track this one closely once the full details are out.
Skyways Air Services, operating since 1984, is one of India's older logistics and freight forwarding names. The company handles air freight, ocean freight, customs broking, warehousing, and last-mile delivery. It works with global airlines like Lufthansa, Turkish Airlines, and Air India Cargo.
Revenue reached Rs. 2,271 crores in FY2025, up from Rs. 1,317 crores the year before. Profit grew to Rs. 48.14 crores from Rs. 34.49 crores. However, the margins remain thin. PAT margin is at 2.14%, and EBITDA margin is at 3.85%. This is typical for logistics businesses, but investors should compare this against the asking price once it is finalised. The offer includes an offer for sale of 1.33 crore shares by promoters. Specific IPO dates, price band, and lot size are yet to be disclosed. The listing will be on BSE and NSE.
This is the last day of OneClick Logistics, a Mumbai-based logistics company’s rights issue. The company is offering shares at Rs. 313 each, with a ratio of 1 rights share for every 5 shares held as of the February 26 record date. The issue size is around Rs. 35.01 crores, covering 11.18 lakh equity shares.
If you are an existing shareholder, you have until today to apply via net banking (ASBA) or the registrar's R-WAP facility. Revenue grew from Rs. 4.16 crores in FY2023 to Rs. 44.26 crores in FY2025, showing rapid scaling, though the company is still a small-cap name. The issue will be listed on NSE.
Also Read: IPO News: 4 Companies Investors Should Track This Week
This week’s IPOs have something for every type of investor. Raajmarg InvIT suits institutional and HNI investors who want a government-backed, long-term infrastructure yield play. Innovision and Skyways are operational businesses with growing revenues but thin margins; short-term listing gains are uncertain.
Kheria Autocomp looks promising on fundamentals for those willing to look at SME segment with a long-term growth outlook. Lastly, remember, if you hold OneClick Logistics shares, today is your last chance to act on the rights issue. As always, match each opportunity to your own risk appetite and investment goals before applying.
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This week’s IPO market includes Raajmarg Infra InvIT, Innovision Limited, Kheria Autocomp, and Skyways Air Services. There is also a rights issue from OneClick Logistics. These offerings cover sectors like infrastructure, manpower services, logistics, and auto components. Together, they represent more than Rs. 6,500 crore in fundraising activity, giving investors several different opportunities to consider.
No, retail investors cannot participate in the Raajmarg Infra InvIT IPO. The issue does not include a retail category. Instead, it is divided between qualified institutional buyers and high-net-worth investors. The minimum application size is 150 units worth around Rs. 15,000. Retail investors who want exposure may need to wait until the units begin trading on the stock exchange.
Innovision Limited provides manpower services, toll plaza operations, and skill training programs across India. The company works with businesses that need staffing support and facility management. Its revenue has grown rapidly in recent years, showing strong demand for these services. However, the business runs on thin margins, which is common in manpower and service-based industries.
Investors are interested in Kheria Autocomp because the company operates in the growing auto component sector. It makes plastic injection-moulded parts used in vehicle interiors, exteriors, and engine areas. The company has reported strong revenue growth and improved profits in recent years. Its products are also used in both traditional vehicles and electric vehicles, which adds long-term growth potential.
The OneClick Logistics rights issue allows existing shareholders to buy additional shares directly from the company at a fixed price. The offer price is Rs. 313 per share, and the ratio is one new share for every five shares already held. Only investors who owned the stock on the record date can apply. This type of issue helps companies raise capital while giving current investors a chance to increase their stake.
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