Four IPOs to Raise Rs 6,600 Crore, Ignite Dalal Street Next Week

Dalal Street Set for IPO Action

Next week, Dalal Street is set to buzz with activity as four main-board IPOs—Schloss Bangalore Ltd, Aegis Vopak Terminals, Prostar Info Systems, and Scoda Tubes—prepare to collectively raise over Rs 6,600 crore. This wave of offerings comes amid a notable slowdown in fresh listings, with just 12 IPOs so far in 2025, a stark contrast to the 91 IPOs that raised Rs 1.6 lakh crore in 2024.

A Diverse Lineup of Offerings

The upcoming IPOs represent a wide array of sectors and ambitions:

• Schloss Bangalore Ltd operates Leela Palaces Hotels & Resorts and is backed by Brookfield Asset Management. The company’s Rs 3,500-crore IPO includes a fresh equity issue of Rs 2,500 crore and an offer for sale (OFS) worth Rs 1,000 crore by its promoter. The price band is 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, plans to raise Rs 2,800 crore through a fresh equity issue. Proceeds will be used for debt repayment, capital expenditure (including the acquisition of a cryogenic LPG terminal in Mangalore), and general corporate purposes. The IPO opens May 26 and closes 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 launching a fresh issue aggregating up to Rs 220 crore. The price band is Rs 130-140 per share. The IPO opens May 28 and closes May 30, with anchor investor bidding on May 27. Funds will go towards capacity expansion, working capital, and general corporate needs.
• Prostar Info Systems, an integrated power solutions provider, aims to raise Rs 168 crore through a fresh issue of 1.6 crore equity shares. The IPO opens May 27 and closes May 29, with a price band of Rs 95-105 per share. Proceeds will be allocated to capital expenditure, debt repayment, strategic acquisitions, and corporate purposes.

Market Context and Pipeline

This burst of IPO activity is happening despite a broader slowdown, attributed to both global and domestic market volatility. However, the pipeline remains robust. According to Axis Capital, 57 companies have received final observations from SEBI, and another 74 are awaiting regulatory clearance. The upcoming IPOs span sectors such as renewable energy, pharmaceuticals, real estate, chemicals, and entertainment, signaling continued confidence in India’s capital markets.

Looking Ahead

All four companies will list their equity shares on both the BSE and NSE. As Dalal Street braces for this action-packed week, investors and market watchers are keenly observing how these offerings will influence market momentum for the remainder of 2025.