After a few quiet weeks, the IPO market is set to pick up momentum with two major offerings from Schloss Bangalore Ltd. (Leela Hotels Ltd.) and Aegis Vopak Terminals Ltd. in the upcoming week. In total, the week will see the launch of four mainboard IPOs.
The two other mainboard IPO this week are of Prostarm Info Systems Ltd. and Scoda Tubes Ltd.
Meanwhile, the SME IPOs in the upcoming week are those of Blue Water Logistics Ltd., Neptune Petrochemicals Ltd., Nikta Papers, and Astonea Labs Ltd.
The currently active SME IPOs include Unified Data-Tech Ltd. and Dar Credit and Capital Ltd.
Offers To Watch
Mainboard Openings
The most talked about IPOs, in the upcoming week will be the Schloss Bangalore IPO (Leela Hotels), which opens for subscription on Monday, May 26. On the same day, the IPO of Aegis Vopak Terminals, a key player in the logistics sector, will also be in focus.
Leela Hotels is launching a Rs 3,500-crore IPO, comprising a fresh issue of shares worth Rs 2,500 crore and an offer for sale of Rs 1,000 crore. The company will offer 5.75 crore new shares and 2.30 crore shares under OFS.
Aegis Vopak Terminals Ltd., India's largest third-party owner and operator of LPG and liquid product tank storage terminals, is coming up with a book-built IPO worth Rs 2,800 crore. The entire issue consists of a fresh offer of 11.91 crore shares.
IPO Listings
Among the IPOs that opened last week, Belrise Industries and Borana Weaves are to list this week.
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