Upcoming IPOs This Week: 2 Mainboard and 3 SME IPOs to Open from May 19

The primary market is gearing up for a vibrant week starting from May 19, 2025, with a mix of mainboard and SME IPOs opening for subscription. Two companies are launching their IPOs in the mainboard segment, while three others are entering the SME space. Adding to the momentum, two recently concluded IPOs are also scheduled to list next week.

Mainboard

Borana Weaves Limited IPO

Borana Weaves Limited will launch its IPO on May 20, which will close on May 22. The company aims to raise ₹144.89 crore through a book-built issue entirely comprising a fresh issue of 67 lakh shares. The price band is set between ₹205 and ₹216 per share. Beeline Capital Advisors Pvt Ltd is managing the IPO, with Kfin Technologies Ltd as the registrar.

Belrise Industries Limited IPO

Belrise Industries IPO, opening for subscription from May 21 to May 23. The issue size is a significant ₹2,150 crore, entirely a fresh issue of 23.89 crore shares. The price band is fixed between ₹85 and ₹90 per share. The IPO is managed by a consortium of investment banks, including Axis Capital, HSBC Securities, Jefferies India, and SBI Capital Markets, while Link Intime India Pvt Ltd is acting as the registrar.

SME IPO

Victory Electric Vehicles IPO

The SME segment kicks off with Victory Electric Vehicles IPO, which opens on May 20 and closes on May 23. This is a fixed-price issue of ₹40.66 crore, consisting of a fresh issue of 56.47 lakh shares, priced at ₹72 per share. Corpwis Advisors Pvt Ltd is the lead manager, and Maashitla Securities Pvt Ltd is the registrar for this issue.

Dar Credit and Capital IPO (SME)

Dar Credit and Capital IPO, opening on May 21 and closing on May 23. This is a book-building issue of ₹25.66 crore, comprising a fresh issue of 42.76 lakh shares. The price band is set at ₹57 to ₹60 per share. The IPO is being managed by GYR Capital Advisors Pvt Ltd, with Kfin Technologies Ltd as the registrar.

Unified Data-Tech IPO (SME)

Unified Data-Tech IPO is set to open on May 22 and will remain available for bidding until May 26. This is a ₹144.47 crore offer for sale, involving 52.92 lakh shares. The price band is fixed between ₹260 and ₹273 per share. The IPO is being led by Hem Securities Ltd, with Kfin Technologies Ltd handling the registrar responsibilities.

Upcoming Listings

In addition to the new IPO launches, the market will also see the stock market debut of two recently concluded IPOs—Integrity Infrabuild Developers Limited and Accretion Pharmaceuticals Limited. Their listings are expected to generate post-IPO interest and could set the tone for upcoming public issues.

Also Read: Upcoming IPO: Mouri Tech Limited Re-Files DRHP with SEBI for ₹1,500 Crore IPO

Conclusion

With a diverse mix of large-cap and SME offerings, the upcoming week presents numerous opportunities for investors. The presence of both fresh issues and offer-for-sale formats allows for strategic participation across different investment brackets. The busy IPO calendar, combined with upcoming listings, signals strong sentiment and confidence in the primary market. Investors should assess each offer based on fundamentals and valuations to make informed decisions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.