The Indian stock market is showing signs of stability after months of global and local uncertainties. With the ongoing war fears easing and markets settling down, companies are ready to tap investors again. IPO activity, which had slowed down earlier this year, is now picking up momentum.
This month, six new companies are expected to hit the primary market with their IPOs, collectively aiming to raise over Rs. 11,669 crore. These IPOs are expected to attract investors who were waiting on the sidelines due to the previous volatility.
Market Stability Revives IPO Sentiment in India
For the past few months, the Indian equity market remained quiet when it came to IPOs. Only a few companies dared to launch their issues due to the unstable environment globally and within the country. However, the current market mood is slowly turning positive, encouraging companies to move ahead with their fundraising plans.
According to reports from investment bankers, six new IPOs are ready to open in May 2025, and they are from different sectors, such as hospitality, manufacturing, logistics, and infrastructure.
IPO Launches to Begin with Borna Vivs and Bellariz Industries
This new wave of IPOs will begin with Borna Vivs, which plans to launch its Rs. 144 crore IPO on May 20, 2025. Following this, Bellariz Industries, a Pune-based company, will open its much larger IPO worth Rs. 2,150 crore on May 21, 2025.
These two companies will set the stage for a series of public issues that could reignite investor excitement in the primary market.
Complete List of Companies Set to Launch IPOs This Month
Here are the six companies preparing to launch their IPOs this month:
- Borna Vivs – Rs. 144 crore
- Bellariz Industries – Rs. 2,150 crore
- Schloss Bangalore Limited (The Leela Hotels operator) – Rs. 5,000 crore (Rs. 3,000 crore fresh issue + Rs. 2,000 crore OFS)
- Aegis Vopak Terminals – Rs. 3,500 crore
- Arisinfra Solutions Limited – Rs. 600 crore
- Skoda Tubes – Rs. 275 crore
Together, these six companies aim to raise Rs. 11,669 crore, giving a strong push to the IPO market that had been sluggish for the first half of 2025.
The Leela Hotel Operator Plans the Biggest IPO of the Month
Among all the upcoming IPOs, Schloss Bangalore Limited, the company that operates the well-known ‘The Leela’ hotel chain, is set to launch the most significant issue. The IPO will consist of two parts – a fresh equity issue worth Rs. 3,000 crore and an offer-for-sale (OFS) worth Rs. 2,000 crore by its promoter unit DIFC.
This IPO is expected to draw high interest from institutional as well as retail investors, especially those looking to invest in the hospitality and premium hotel segment.
Aegis Vopak Terminals Targets Big with Rs. 3,500 Crore IPO
Another major IPO this month comes from Aegis Vopak Terminals, a subsidiary of Aegis Logistics Limited. It has set a fundraising target of Rs. 3,500 crore.
This company operates in the oil and gas storage segment, and its IPO will be closely watched by investors looking to bet on India’s infrastructure growth.
Skoda Tubes and Arisinfra Also Join the IPO Race
Skoda Tubes, a known name in the steel tube manufacturing sector, plans to raise Rs. 275 crore through its IPO.
On the other hand, Arisinfra Solutions Limited, which works in the infrastructure and engineering field, has filed for a Rs. 600 crore public issue. Both companies are eyeing retail and institutional investor participation.
Slow IPO Activity in 2025 Compared to Last Year
In the first five months of 2025, only 10 companies have launched IPOs due to uncertain economic conditions and global conflicts. This is a sharp fall compared to 2024 when 91 companies raised a total of around Rs. 1.6 lakh crore through IPOs.
Despite the reduced number of listings, interest among companies to go public has not faded. Many firms have been waiting for the right time to enter the market.
Over 130 Companies in Queue for SEBI Approval
According to the May 2025 IPO market update by Axis Capital, 57 companies have already received approval from the Securities and Exchange Board of India (SEBI) for their IPOs.
Another 74 companies have filed draft papers and are waiting for SEBI’s nod. This shows that a strong IPO pipeline is in place, and more public issues can be expected in the coming months if market conditions remain favourable.
Investment Opportunities and Risks for Retail Investors
For retail investors, this is a crucial time to review these IPOs carefully. While market sentiment is improving, every IPO comes with its risks and rewards.
It is always advisable to study the company’s financials, industry position, and business plans before applying. Also, investors should stay within their financial limits and avoid taking high risks just because of hype.
Disclaimer: Investing in IPOs involves risk. Please consult a registered financial advisor before making any investment decisions.
Source: Axis Capital, SEBI, Investment Banker Reports, Media Reports
