Four major IPOs to hit the market this week to garner Rs 6,600 crore

Synopsis

The IPO market is set to revive. Next week, Schloss Bangalore and Aegis Vopak Terminals, along with Prostar Info Systems and Scoda Tubes, will launch their IPOs. These companies plan to raise over Rs 6,600 crore. This follows a slowdown in IPOs this year, after a strong performance in 2024. Many companies are awaiting regulatory approval to launch their IPOs.

New Delhi: The initial public offering (IPO) lane will be busy next week, with four main-line companies, including Leela Palaces Hotels & Resorts operator Schloss Bangalore Ltd and Aegis Vopak Terminals tapping the primary market to raise over Rs 6,600 crore collectively.

Other public issues scheduled for the week are Prostar Info Systems and Scoda Tubes.

Additionally, D-Street will witness the debut of two firms, including Borana Weaves and Belrise Industries, expected to list on May 28 and May 29, respectively.

Overall, there has been a slowdown in new listings as only 12 firms came out with their IPOs in 2025 so far owing to volatility in the equity market due to a combination of global and domestic factors.

This shift followed a remarkable 2024, in which 91 maiden public issues collectively raised Rs 1.6 lakh crore, driven by robust retail participation, a resilient economy, and booming private capital expenditure.

Despite the slowdown, an impressive number of documents are getting filed and waiting for market conditions to stabilise.

According to Axis Capital IPO Market Update May 2025, 57 companies have received final observations from the market regulator, and another 74 firms are awaiting Sebi's final observations, which is necessary to float public issues.

These companies planning to raise funds through IPOs are staggered across sectors like solar/renewables, co-working spaces, pharma-healthcare, cable-wire-electrical, tubes-pipes, manufacturing, chemicals, realty, Indian arms of global MNCs, and even film entertainment, among others.

For Schloss Bangalore, the company's Rs 3,500-crore IPO is a combination of a fresh issue of equity shares worth Rs 2,500 crore and an offer for sale (OFS) of stocks valued at Rs 1,000 crore by promoter Project Ballet Bangalore Holdings (DIFC) Pvt Ltd.

Schloss Bangalore, which is backed by Brookfield Asset Management, plans to use the proceeds of the fresh issue to pay loans availed by the company and its subsidiaries and for general corporate purposes.

The issue, with a price band of Rs 413-435 per share, will be open for public subscription during May 26-28.

Aegis Vopak Terminals, a subsidiary of Aegis Logistics Ltd, aims to raise Rs 2,800 crore from a fresh issue of equity shares.

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