• Source:JND
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Upcoming IPOs:  Six main-board companies, including Schloss Bangalore, the owner of the upscale hotel chain The Leela, are scheduled to float their initial share sales this month in an effort to raise a total of over Rs 11,000 crore, according to investment banking sources on Monday, marking the IPO market's recovery after a slow start to 2025.

This week, Belrise Industries and Borana Weaves, two of the six companies, will begin their initial public offerings. On May 20, Borana Weaves will launch its Rs 144-crore initial public offering (IPO), and on May 21, Pune-based Belrise Industries will launch its Rs 2,150-crore IPO.

Next week, the remaining four businesses—Aegis Vopak Terminals, Arisinfra Solutions Ltd., Scoda Tubes, and Schloss Bangalore Ltd., which runs Leela Palaces Hotels & Resorts—are anticipated to submit their initial public offerings (IPOs).

Additionally, according to the investment banking sources, the companies will reveal their price bands this week. It is anticipated that these six businesses will raise Rs 11,669 crore in total.

Due to the equity market's volatility, which is caused by both domestic and international factors, only 10 companies have announced their initial public offerings (IPOs) in 2025, indicating a general slowdown in new listings.

This change comes after an incredible 2024, when 91 first public issues raised a total of Rs 1.6 lakh crore, propelled by strong retail participation, a strong economy, and a boom in private capital spending.

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A remarkable number of documents are being filed and are awaiting the stabilization of market conditions in spite of the slowdown.

In order to float public issues, 57 companies have received final observations from the markets regulator, and 74 more are awaiting final Sebi's observations, according to the Axis Capital IPO Market Update May 2025.

These companies, which are spread across a variety of industries, including manufacturing, chemicals, real estate, co-working spaces, pharma-healthcare, cable-wire-electrical, tubes-pipes, solar/renewables, Indian subsidiaries of multinational corporations, and even film entertainment, are planning to raise money through initial public offerings (IPOs).

According to the draft papers, Schloss Bangalore's proposed initial public offering (IPO) consists of an offer-for-sale (OFS) of stocks valued at Rs 2,000 crore by promoter Project Ballet Bangalore Holdings (DIFC) Pvt Ltd, as well as a new issue of equity shares worth Rs 3,000 crore.

By issuing new equity shares, Aegis Vopak Terminals, a division of Aegis Logistics Ltd., hopes to raise Rs 3,500 crore.

Gujarat-based Scoda Tubes' IPO is a complete new issue of equity shares totaling up to Rs 275 crore, while technology-driven construction material supplier ArisInfra Solutions Ltd hopes to raise Rs 600 crore through an initial share sale.

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(With Inputs From PTI)