Dalal Street to witness flurry of activity as 9 IPOs debut this week

The primary market will be extremely active the week of May 26 when Dalal Street receives nine initial public offerings totaling over Rs 6,900 crore including four mainboard segment deals. Four public issues from the mainboard segment opening in one week marks the first occurrence in this year since December 2024.

The primary market mood shows signs of improvement due to better market sentiment beginning from the second week of April combined with decreased global issues related to geopolitical tensions and the trade war after months of subdued trading sessions. The Nifty 50 index increased by 14 percent while the Nifty Midcap 100 index climbed over 20 percent from April's lowest point.

Hensex Securities AVP Research & BD Mahesh M Ojha reports that India’s Schloss Bangalore IPO details shows signs of recovery following a four-month downturn because of better market sentiment and more stable global signals.

He mentioned that Schloss Bangalore and Aegis Vopak Terminals have spearheaded market re-entry with large public issues while other companies are maintaining lower valuations and reducing their offer-for-sale portions to match current investor demand.

The first public issue in the mainboard segment will be launched next week on May 26 by Schloss Bangalore IPO which operates hotels and resorts under The Leela brand; Brookfield backs this company and its maiden Rs 3,500 crore issue will have a price band of Rs 413-435 per share. The Leela Hotels IPO concludes on May 28 after it issues new equity shares valued at Schloss Bangalore IPO price band 2,500 crore and includes a promoter offer-for-sale of Rs 1,000 crore worth shares.

Aegis Vopak Terminals IPO price band will also become available on the same date. The liquefied petroleum gas storage terminal operator intends to collect Rs 2,800 crore through an entirely fresh share issue priced at the top range of Rs 223-235 per share.