The primary market is set to witness heightened activity next week as four main-board initial public offerings (IPOs), including those from Schloss Bangalore Ltd and Aegis Vopak Terminals, are scheduled to hit Dalal Street, collectively aiming to raise over Rs 6,600 crore.Alongside Schloss Bangalore and Aegis Vopak Terminals, IPOs of Prostar Info Systems and Scoda Tubes are also lined up for launch. In addition, the equity markets will see the listing of two recently concluded public issues – Borana Weaves and Belrise Industries – on May 28 and May 29, respectively, PTI reported.The flurry of new offerings comes amid a broader slowdown in fresh listings. So far in 2025, only 12 companies have floated IPOs, attributed largely to market volatility stemming from a mix of domestic and global economic factors.This marks a notable contrast to the robust IPO activity in 2024, when 91 companies collectively raised Rs 1.6 lakh crore, buoyed by strong retail participation, economic resilience, and surging private capital expenditure.Despite the recent slowdown, a significant pipeline of IPOs is building up. According to Axis Capital’s IPO Market Update – May 2025, 57 companies have received final observations from the Securities and Exchange Board of India (Sebi), while another 74 are awaiting regulatory clearance to proceed with their respective issues.These upcoming IPOs span diverse sectors such as renewable energy, co-working, pharmaceuticals, cables and wires, manufacturing, real estate, chemicals, and entertainment, among others.Schloss Bangalore Ltd, which operates Leela Palaces Hotels & Resorts and is backed by Brookfield Asset Management, is launching a Rs 3,500-crore IPO. The issue includes a fresh equity offering of Rs 2,500 crore and an offer for sale (OFS) worth Rs 1,000 crore by its promoter, Project Ballet Bangalore Holdings (DIFC) Pvt Ltd.The company will use the net proceeds from the fresh issue for repayment of loans taken by itself and its subsidiaries and for general corporate purposes. The price band for the issue has been set at Rs 413–435 per share, with the subscription window open from May 26 to May 28.Aegis Vopak Terminals, a subsidiary of Aegis Logistics Ltd, aims to raise Rs 2,800 crore through a fresh issue of equity shares. Of the proceeds, Rs 2,016 crore will be used to repay existing debt, Rs 671.30 crore will fund capital expenditure related to the acquisition of a cryogenic LPG terminal in Mangalore, and the balance will go towards general corporate purposes. The IPO will open on May 26 and close on May 28, with a price band of Rs 223–235 per share.Scoda Tubes, a Gujarat-based manufacturer of stainless steel tubes and pipes, is coming out with an entirely fresh issue aggregating up to Rs 220 crore. The company has fixed a price band of Rs 130–140 per share. The issue opens on May 28 and concludes on May 30, with the anchor investor bidding scheduled for May 27. IPO proceeds will be utilised for capacity expansion, working capital needs, and general corporate purposes.Prostar Info Systems, an integrated power solutions provider, plans to raise Rs 168 crore through a fresh issue of 1.6 crore equity shares via the book-building route. The IPO will open for subscription on May 27 and close on May 29. The company has set a price band of Rs 95–105 per share.Proceeds from Prostar’s IPO will be allocated as follows: Rs 72.50 crore for capital expenditure, Rs 17.95 crore for debt repayment, and the remaining amount for strategic acquisitions, inorganic growth initiatives, and general corporate purposes.All four companies will list their equity shares on the BSE and NSE.
