IPO Boom Ahead: Four Maiden Issues To Launch Next Week, Aiming To Raise Over Rs 6,600 Crore

The coming week will see the primary markets regain some momentum, with four companies preparing to launch their initial public offerings (IPOs) collectively aiming to raise more than Rs 6,600 crore. Among the key players entering the IPO arena are Schloss Bangalore Ltd, the company behind Leela Palaces Hotels & Resorts, and Aegis Vopak Terminals. Scoda Tubes and Prostarm Info Systems are also set to open their issues, marking a potentially active week on Dalal Street.

Meanwhile, two companies—Borana Weaves and Belrise Industries—are scheduled to make their stock market debuts on May 28 and May 29, respectively.

IPO Activity Picks Up Despite Sluggish Start to 2025

So far in 2025, only 12 companies have launched IPOs, a noticeable drop compared to 2024. This year’s tepid start is largely attributed to continued equity market volatility influenced by both global uncertainty and domestic macroeconomic factors. In contrast, 2024 witnessed a bumper year with 91 IPOs raising a total of Rs 1.6 lakh crore, thanks to strong retail participation, a healthy economy, and robust private sector investments.

Despite the recent slowdown, market interest remains high. According to the Axis Capital IPO Market Update for May 2025, 57 companies have already received final observations from SEBI, while another 74 are awaiting approvals. These upcoming IPOs span various sectors including renewable energy, real estate, film entertainment, chemicals, pharma-healthcare, and manufacturing, among others.

Also read : Tata Motors Aims To Return To 50 Per Cent Market Share In EV Market Over 18 To 24 Months: MD

Schloss Bangalore and Aegis Vopak Lead the Way

Schloss Bangalore is planning a Rs 3,500 crore IPO comprising a fresh issue worth Rs 2,500 crore and an offer for sale (OFS) of Rs 1,000 crore by promoter Project Ballet Bangalore Holdings (DIFC) Pvt Ltd. The company, backed by Brookfield Asset Management, intends to use the net proceeds to repay borrowings of both the company and its subsidiaries, as well as for general corporate needs. The IPO will open for subscription from May 26 to May 28 and has a price band of Rs 413-435 per share.

Another notable offering is from Aegis Vopak Terminals, a subsidiary of Aegis Logistics Ltd. The company plans to raise Rs 2,800 crore through a fresh equity issue. From the proceeds, Rs 2,016 crore will go towards debt repayment, Rs 671.30 crore will be allocated for acquiring a cryogenic LPG terminal in Mangalore, and the remainder will fund general business purposes. This issue will also run from May 26 to May 28 and is priced in the range of Rs 223 to Rs 235 per share.

Scoda Tubes and Prostarm Also Join the Line-Up

Scoda Tubes, a Gujarat-based stainless steel tubes and pipes manufacturer, will launch a fully fresh issue worth Rs 220 crore. The company has set a price band of Rs 130-140 per share. The anchor investor portion will open on May 27, followed by public subscription from May 28 to May 30. Funds raised will support capacity expansion for seamless and welded tubes, working capital needs, and general business activities.

Prostarm Info Systems, which provides integrated power solutions, is offering a Rs 168 crore IPO through a fresh issue of 1.6 crore equity shares. The price band is set at Rs 95-105 per share, with the issue open from May 27 to May 29. The company plans to use Rs 72.50 crore for capital requirements, Rs 17.95 crore for debt repayment, and the remaining funds for acquisitions and strategic initiatives.

All four IPOs will be listed on the BSE and NSE, indicating a cautiously optimistic outlook for India’s primary market amid ongoing volatility.

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