IPO Market Gains Traction as Six Companies Prepare for Fundraising
After a slow start to 2025, the initial public offering (IPO) market is witnessing a resurgence, with six major companies preparing to launch their share sales this month. Collectively, these firms aim to raise over Rs 11,000 crore, signaling renewed investor interest. Notable among them is Schloss Bangalore Ltd, the owner of the luxury hotel chain The Leela, alongside other companies like Borana Weaves and Belrise Industries, which are set to open their IPOs soon.
Upcoming IPOs and Their Financial Goals
The upcoming IPOs include Borana Weaves, which plans to launch its Rs 144-crore IPO on May 20, and Belrise Industries, based in Pune, which is set to offer a Rs 2,150-crore issue starting May 21. The remaining four companies—Schloss Bangalore Ltd, Aegis Vopak Terminals, ArisInfra Solutions Ltd, and Scoda Tubes—are expected to file their IPO documents next week. Investment banking sources have indicated that these firms will also announce their price bands within the week. In total, the six IPOs are projected to raise Rs 11,669 crore, marking a significant uptick in market activity.
Market Context and Previous Performance
This revival in IPO activity comes after a notable slowdown in early 2025, where only ten companies launched IPOs due to market volatility linked to both global and domestic uncertainties. This is a stark contrast to 2024, when 91 companies went public, raising a remarkable Rs 1.6 lakh crore. The previous year was characterized by strong retail participation, a resilient economy, and increased private capital expenditure, all of which contributed to a booming IPO market. Despite the current moderation in listings, the pipeline for future IPOs remains robust.
Sector Diversity and Future Outlook
The upcoming IPOs span a variety of sectors, including solar and renewables, co-working spaces, pharmaceuticals, healthcare, electrical and cable products, manufacturing, chemicals, real estate, and even the film and entertainment industry. According to the Axis Capital 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 approval. This diverse range of sectors indicates a broad interest in the IPO market, suggesting that companies are eager to capitalize on favorable conditions once market stability is achieved.
Details of Major IPOs
Among the notable IPOs, Schloss Bangalore Ltd plans to issue new shares worth Rs 3,000 crore, along with an offer-for-sale (OFS) of Rs 2,000 crore by its promoter, Project Ballet Bangalore Holdings (DIFC) Pvt Ltd. Aegis Vopak Terminals, a subsidiary of Aegis Logistics Ltd, aims to raise Rs 3,500 crore through a fresh equity issue. Additionally, ArisInfra Solutions Ltd, which specializes in tech-enabled construction materials, is targeting Rs 600 crore from its IPO, while Scoda Tubes, based in Gujarat, will offer a fully fresh issue worth Rs 275 crore. These figures reflect the companies’ ambitions and the potential for significant capital influx into the market.
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