4 Mainboard IPOs and 5 SME IPOs to come this week

The Indian stock market is expected to see a busy week starting May 26, 2025, with nine initial public offerings (IPOs) opening for subscription. These include four from mainboard companies and five from small and medium enterprises (SMEs), covering sectors such as logistics, hospitality, information technology, manufacturing, and petrochemicals.

Mainboard IPOs to Watch

Aegis Vopak Terminals IPO

Aegis Vopak Terminals Ltd, a subsidiary of Aegis Logistics, plans to raise ₹2,800 crore through a fresh issue of 11.91 crore equity shares.

• IPO Dates: May 26 to May 28
• Price Band: ₹223–₹235
• Lot Size: 63 shares
• Anchor Investment: ₹1,260 crore raised at ₹235 per share
• Use of Funds: To repay ₹2,016 crore in debt, allocate ₹671.3 crore for setting up a cryogenic LPG terminal in Mangalore, and for general corporate needs
• Lead Managers: ICICI Securities, BNP Paribas, IIFL Capital, Jefferies India, HDFC Bank
• Registrar: MUFG Intime India Pvt Ltd

Schloss Bangalore Ltd (Leela Hotels IPO)

Schloss Bangalore Ltd, which operates under the Leela brand and is supported by Brookfield, aims to raise ₹3,500 crore. This includes a ₹2,500 crore fresh issue and a ₹1,000 crore offer-for-sale.

• IPO Dates: May 26 to May 28
• Price Band: ₹413–₹435
• Lot Size: 34 shares
• Anchor Investment: ₹1,575 crore raised before the issue opens
• Purpose: To repay loans and meet general business needs
• Merchant Bankers: JM Financial, Morgan Stanley, Kotak Mahindra Capital, BofA, Citi, IIFL, ICICI Securities, SBI Capital Markets

Prostarm Info Systems IPO

Prostarm Info Systems Ltd plans to raise ₹168 crore through a fresh issue of 1.60 crore equity shares.

• IPO Dates: May 27 to May 29
• Price Band: ₹95–₹105
• Lot Size: 142 shares
• Objectives: ₹72.5 lakh for working capital and ₹17.95 lakh to repay debt
• Lead Manager: Choice Capital Advisors Pvt Ltd
• Registrar: KFin Technologies Ltd

Scoda Tubes IPO

Scoda Tubes Ltd, a Gujarat-based manufacturer of tubes and pipes, aims to raise ₹275 crore through a fresh issue.

• IPO Dates: May 28 to May 30
• Price Band: ₹130–₹140
• Lot Size: 100 shares
• Use of Funds: ₹105 crore for expanding production capacity and ₹110 crore for working capital
• Book-Running Lead Manager: Monarch Network Capital
• Registrar: MUFG Intime India Pvt Ltd

SME IPO Highlights

Astonea Labs IPO

• Issue Size: 27.90 lakh shares
• IPO Dates: May 27 to May 29
• Price Band: ₹128–₹135
• Lot Size: 1,000 shares
• Exchange: BSE SME

Blue Water Logistics IPO

• Issue Size: 30 lakh shares
• IPO Dates: May 27 to May 29
• Price Band: ₹132–₹235
• Lot Size: 1,000 shares
• Exchange: NSE SME

Nikita Papers IPO

• Issue Size: 64.94 lakh shares
• IPO Dates: May 27 to May 29
• Price Band: ₹95–₹104
• Lot Size: 1,200 shares
• Exchange: NSE SME

Neptune Petrochemicals IPO

• Issue Size: 60 lakh shares
• IPO Dates: May 28 to May 30
• Price Band: ₹115–₹122
• Lot Size: 1,000 shares
• Exchange: NSE SME

NR Vandana Textile IPO

• Issue Size: 61.98 lakh shares
• IPO Dates: May 28 to May 30
• Price Band: ₹42–₹45
• Lot Size: 3,000 shares
• Exchange: NSE SME

Conclusion

With nine IPOs opening this week, the Indian primary market is offering a wide range of opportunities. The variety of sectors and company sizes provides investors with several choices to consider. This upcoming activity on Dalal Street reflects growing interest and confidence in the current market scenario.