Four Upcoming IPOs Featuring Schloss Bangalore and Aegis Vopak
The primary market is gearing up for a surge in activity next week, with four major initial public offerings (IPOs) set to launch, including Schloss Bangalore Ltd and Aegis Vopak Terminals. These offerings aim to raise a combined total of over Rs 6,600 crore. Alongside these, Prostar Info Systems and Scoda Tubes are also preparing to enter the market. This wave of new listings comes at a time when the IPO landscape has been relatively quiet, reflecting a broader trend of reduced activity in the face of market volatility.
Upcoming IPOs and Their Objectives
Schloss Bangalore Ltd, known for its luxury Leela Palaces Hotels & Resorts, is planning a substantial IPO worth Rs 3,500 crore. This offering includes a fresh equity issuance of Rs 2,500 crore and an offer for sale (OFS) of Rs 1,000 crore from its promoter, Project Ballet Bangalore Holdings (DIFC) Pvt Ltd. The funds raised will primarily be used to pay off loans held by the company and its subsidiaries, as well as for general corporate purposes. The price range for this IPO is set between Rs 413 and Rs 435 per share, with the subscription window open from May 26 to May 28.
Aegis Vopak Terminals, a subsidiary of Aegis Logistics Ltd, is also entering the market with an IPO aiming to raise Rs 2,800 crore. The proceeds will be allocated to repay existing debts, fund capital expenditures for a new cryogenic LPG terminal in Mangalore, and cover general corporate expenses. This IPO will open on May 26 and close on May 28, with shares priced between Rs 223 and Rs 235.
Additional Offerings on the Horizon
In addition to the offerings from Schloss Bangalore and Aegis Vopak, two other companies are set to launch their IPOs. Scoda Tubes, a manufacturer of stainless steel tubes and pipes based in Gujarat, plans to raise up to Rs 220 crore through a fresh issue. The price band for this IPO is set at Rs 130 to Rs 140 per share, with the subscription period running from May 28 to May 30. The funds raised will support capacity expansion, working capital needs, and general corporate purposes.
Prostar Info Systems, an integrated power solutions provider, is also preparing to enter the market with an IPO targeting Rs 168 crore. This offering will consist of 1.6 crore equity shares and will be available for subscription from May 27 to May 29, with a price range of Rs 95 to Rs 105 per share. The proceeds will be used for capital expenditures, debt repayment, and strategic acquisitions.
Market Context and Future Outlook
The upcoming IPOs come at a time when the market has seen a slowdown in new listings. In 2025, only 12 companies have launched IPOs, a stark contrast to the previous year when 91 companies raised Rs 1.6 lakh crore. This decline is attributed to market volatility influenced by various domestic and global economic factors. Despite this slowdown, there is a significant pipeline of IPOs waiting to enter the market. According to Axis Capitalโs IPO Market Update for May 2025, 57 companies have received final observations from the Securities and Exchange Board of India (Sebi), while another 74 are awaiting regulatory approval.
These upcoming IPOs span a variety of sectors, including renewable energy, pharmaceuticals, real estate, and entertainment, indicating a diverse range of investment opportunities for potential investors. As the market prepares for these new listings, stakeholders are hopeful for a revival in IPO activity, which could signal a return to more robust market conditions.
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