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The Indian primary market is gearing up for a busy week starting Monday, May 26, 2025, with several high-profile and SME initial public offerings (IPOs) opening for public bidding. In total, four mainboard IPOs and five SME IPOs are scheduled to open, offering investors a wide array of opportunities across sectors ranging from logistics and hospitality to manufacturing and IT.
Aegis Vopak Terminals Ltd, a subsidiary of Aegis Logistics, is aiming to raise ₹2,800 crore through a complete fresh issue of 11.91 crore equity shares. The public offering opens on Monday, May 26, and closes on Wednesday, May 28.
The company has set a price band of ₹223–₹235 per share, with a lot size of 63 shares. Ahead of the IPO, Aegis Vopak secured ₹1,260 crore from anchor investors by allotting 5.36 crore shares at the upper price band of ₹235.
The IPO proceeds will primarily be used to repay ₹2,016 crore in debt and fund capital expenditure worth ₹671.3 crore to acquire a cryogenic LPG terminal in Mangalore. The remaining funds will go toward general corporate purposes.
The issue is managed by ICICI Securities, BNP Paribas, IIFL Capital, Jefferies India, and HDFC Bank, while MUFG Intime India Pvt Ltd is the registrar.
Schloss Bangalore Ltd, backed by Brookfield and operator of the luxury hotel chain The Leela, is looking to raise approximately ₹3,500 crore through a mix of a ₹2,500 crore fresh issue and a ₹1,000 crore offer-for-sale (OFS). The IPO opens on Monday, May 26, and closes on Wednesday, May 28.
The price band is set at ₹413–₹435 per share, with a lot size of 34 shares. The company secured ₹1,575 crore from anchor investors prior to the public issue.
IPO proceeds will be used to repay existing loans availed by the company and its subsidiaries. Remaining funds will support general corporate activities.
A wide consortium of merchant banks, including JM Financial, Morgan Stanley, Kotak Mahindra Capital, BofA, Citi, IIFL, ICICI Securities, and SBI Capital Markets, are managing the offer.
Prostarm Info Systems Ltd is set to raise ₹168 crore through a fresh issue of 1.60 crore equity shares. The IPO will be open for subscription from Tuesday, May 27, to Thursday, May 29.
The price band is ₹95–₹105, and the lot size is 142 shares. The firm plans to allocate ₹72.5 lakh towards working capital and ₹17.95 lakh to repay certain borrowings, which will help improve its interest coverage and leverage ratios.
Choice Capital Advisors Pvt Ltd is the lead manager, and KFin Technologies Ltd is the registrar to the issue.
Also Read: Leela Hotels IPO Set to Open on May 26: All You Need to Know
Scoda Tubes Ltd, a Gujarat-based manufacturer of tubes and pipes, aims to raise ₹275 crore via a fresh issue. The IPO opens on Wednesday, May 28, and will close on Friday, May 30.
The company has set a price band of ₹130–₹140 per share, with a lot size of 100 shares. Of the total proceeds, ₹105 crore will be used to expand production capacity (by 10,000 MTPA for tubes and 12,130 MTPA for welded pipes), while ₹110 crore will be allocated to working capital.
Monarch Network Capital is the lead book-running manager, and MUFG Intime India Pvt Ltd is the registrar.
Alongside the mainboard offerings, five SME IPOs are scheduled to open for public bidding this week. Here's a quick overview:
With 9 IPOs lined up across both mainboard and SME platforms, the final week of May 2025 is poised to be a defining period for the Indian primary market. From established players in logistics and hospitality to emerging SMEs in manufacturing, IT, and chemicals, investors have a broad spectrum of opportunities to consider.
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.
Published on: May 26, 2025, 8:49 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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