Upcoming IPOs this week have been something Iβve been paying close attention to lately. Even though the equity markets have shown a sharp recovery after the Iran ceasefire announcement, the IPO space hasnβt picked up in the same way. I initially expected more companies to jump in and take advantage of the improved sentiment, but that hasnβt really happened yet.
Instead, this week, starting April 13, feels relatively quiet in terms of new public issues, with just a couple of IPOs lined up across the mainboard and SME segments. That made me curious enough to dig deeper and understand whatβs actually happening in the primary market right now.
In this article, the key IPOs opening this week are broken down, along with ongoing public offerings and upcoming listings worth tracking. It also explores why IPO activity seems slow despite a market recovery, as well as a simple and practical guide to understanding IPOs.
Limited IPO Activity This Week
From what Iβve seen, this weekβs IPO pipeline is very thin. Thereβs no flood of listings or aggressive fundraising, which makes me think companies are still playing it safe. At the same time, ongoing IPOs and listings from the previous week are also playing out. So, instead of quantity, this week feels more about carefully tracking specific opportunities.Β
If youβre someone like me who prefers to study each IPO rather than chase every listing, this kind of market actually feels easier to navigate.
Upcoming IPOs This Week: Citius TransNet InvIT in Focus
One IPO that immediately caught my attention is Citius TransNet Investment Trust. Itβs not a traditional company IPO but an infrastructure investment trust (InvIT), which already makes it slightly different from the usual listings we see.
The IPO will open on April 17 and will be available for subscription until April 21. The price band has been priced at Rs 99-100 per unit, and the total issue size is approximately Rs 1,105 crore.
What I find interesting is the business model. The trust is dedicated to transport infrastructure assets, primarily roads. From what I understand, it will employ a large part of the proceeds from its IPO (approximately Rs 1,000 crore) to buy stakes in several road projects, including:
- Thrissur Expressway
- Jorabat Shillong Expressway
- Dhola Infra Projects
- Dibang Infra Projects
The remaining funds will be used for general purposes.
Iβm still learning about InvITs, but they appear to provide an exposure that is different from normal stocks. Instead of pure growth, they appear to be more about stable income and infrastructure-backed assets.
Mehul Telecom IPO: A Small But Interesting SME Play
Alongside the mainboard IPO, thereβs also a smaller issue from the SME segment, Mehul Telecom. This IPO is much smaller in size, around Rs 28 crore, and will also open on April 17. The price band is set at Rs 96-98 per share. The company operates as a multi-brand mobile retail chain, which makes it a more familiar business compared to infrastructure trusts.
From what I gathered, the funds raised will mainly go towards working capital requirements, with some portion reserved for general corporate purposes. Personally, SME IPOs always feel a bit tricky to me. They can deliver strong listing gains sometimes, but they also come with higher risks and lower liquidity. So I usually take extra time to understand the business before considering anything.
Ongoing IPO: Om Power Transmission
While new IPOs are limited, one ongoing issue this week is Om Power Transmission. Its Rs 150-crore IPO is closing on April 13, and the company is expected to debut on the stock exchanges on April 17.
The subscription numbers havenβt been very aggressive so far, with around 71% subscribed in the last two sessions. That tells me that investor interest is present but not overwhelming.
Sometimes, IPOs with moderate subscription can still perform decently after listing, but Iβve also seen cases where they struggle. So this is something Iβll personally track rather than rush into.
Propshare Celestia IPO Also in Focus
Another IPO thatβs currently open is Propshare Celestia, backed by Property Share Investment Trust. This is a Rs 245-crore issue, which will close on April 16. On the first day itself (April 10), it saw around 65% subscription, which is fairly decent but again not extremely strong.
Like the Citius InvIT, this is also a different type of offering compared to traditional equity IPOs. Itβs more linked to real estate-backed assets, which makes it slightly complex for beginners like me.
SME Listings to Watch This Week
Apart from IPO openings and closings, there are also a couple of SME listings happening this week. Two companies, Safety Controls & Devices and Emiac Technologies, are set to be listed on the BSE SME platform on April 13.
Listings are always interesting to watch, even if you donβt participate in the IPO. They often give a quick idea about market sentiment and investor appetite.
My Take: Why the Primary Market Still Feels Slow
Even though equity markets have recovered sharply after the geopolitical developments, the primary market hasnβt picked up at the same pace. From my understanding, a few reasons could be:
- Companies may still be waiting for more stability
- Investors might be selective after recent volatility
- Market confidence is improving, but not fully back yet
Personally, I feel this phase is actually useful. And rather than overcrowding me with too many IPOs to study, it gives me time to learn from, research and understand each opportunity better.
Also Read:Β Indian IPO Pipeline 2026 Boom: Huge Opportunity Emerging
How Iβm Approaching IPOs Right Now
Because Iβm still learning about IPO investing, Iβm attempting to keep it simple:
- I think about understanding the business first
- I avoid rushing into SME IPOs without research
- I do keep a close eye on subscription data, but that alone is not the only thing I rely on
- I keep expectations realistic
If youβre also somewhere in this phase, this approach can perhaps help keep you more balanced.
Conclusion
This week may not be packed with IPOs, but it still offers a few interesting opportunities to watch. With just two new issues, one mainboard InvIT and one SME IPO, along with ongoing subscriptions and listings, the focus clearly shifts from quantity to quality.
For me, this feels like a learning phase rather than a high-action investing phase. Iβm observing more, rushing less, and trying to understand how different types of IPOs actually work. And honestly, I think thatβs just as important as making quick gains.
Also Read: FPI Portfolio in India Sees βΉ10L Cr Massive Drop in MarchΒ
Frequently Asked Questions (FAQs)
1. Which IPOs are opening this week?
Citius TransNet Investment Trust and Mehul Telecom are the two IPOs opening this week, both on April 17.
2. What is an InvIT IPO?
An InvIT (Infrastructure Investment Trust) allows investors to invest in infrastructure assets like roads and earn returns from them.
3. Is investing in SME IPOs risky?
Yes, SME IPOs are riskier than general listed companies because of lower liquidity and smaller business size.
4. What does IPO subscription percentage indicate?
It reflects how much demand an IPO has attracted relative to the shares in circulation.
5. Should beginners invest in IPOs?
IPOs are also a possibility for beginners, but you have to be familiar with the business and risks before investing.
Disclaimer
This article is intended for informational and educational purposes only and should not be considered financial advice. Market investments are subject to risks, and readers are advised to conduct their own research or consult a qualified financial advisor before making any investment decisions.
