After a brief pause, India’s IPO market is regaining momentum. This week, four new public issues are set to open, two from the mainboard and two from the SME segment—while three SME companies are lined up for listing. The renewed action between May 19–23 signals a strong comeback for primary markets, with investors eagerly tracking allotments and debut dates.
Mainboard IPOs: Borana Weaves and Belrise Industries Lead the Pack
1. Borana Weaves IPO
The textile manufacturer is launching a ₹144.89 crore IPO, open from May 20 to May 22. Priced between ₹205–₹216 per share, the entire issue is a fresh offer of around 67 lakh shares.
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Allotment Date: May 23
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Listing Date: May 27 (BSE and NSE)
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Grey Market Premium: ~₹279 (29% over upper band)
KFin Technologies is managing the allotment, with Beeline Capital Advisors as the lead manager.
2. Belrise Industries IPO
Auto components firm Belrise Industries follows suit with a massive ₹2,150 crore issue, open from May 21 to May 23. The price band is ₹85–₹90 for its 23.89 crore fresh shares.
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Allotment Date: May 26
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Listing Date: May 28 (BSE and NSE)
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Grey Market Premium: ~₹107 (19% over upper band)
Axis Capital, HSBC, Jefferies India, and SBI Capital Markets are leading the book. Link Intime is handling the allotment.
SME IPOs: Finance and Tech Firms in Focus
1. Dar Credit and Capital
This finance-focused SME is raising ₹25.66 crore through a fresh issue of 42.76 lakh shares, priced at ₹57–₹60.
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Open Dates: May 21–23
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Allotment: May 26
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Listing: May 28 (NSE SME)
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GMP: ~₹72 (20% premium)
2. Unified Data-Tech Solutions Ltd
The tech services company is offering shares worth ₹144.47 crore through a complete offer for sale.
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Open Dates: May 22–26
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Allotment: May 27
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Listing: May 29 (BSE SME)
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GMP: ~₹448 (64% premium over ₹273 upper band)
Key Allotment to Watch
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Borana Weaves IPO allotment is scheduled for May 23. Investors will closely track listing-day gains as grey market trends suggest solid upside.
Upcoming SME Listings
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Virtual Galaxy Infotech – May 19 (NSE SME)
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Integrity Infrabuild Developers – May 20 (NSE SME)
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Accretion Pharmaceuticals – May 21 (NSE SME)
Big IPOs Lined Up: Leela Hotels, Scoda Tubes, Aegis Vopak
Looking ahead, the IPO pipeline is swelling.
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Schloss Bangalore (owner of The Leela) is set to raise ₹5,000 crore—possibly the biggest hospitality IPO in India.
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Scoda Tubes, a Gujarat-based pipe manufacturer, plans to raise ₹275 crore.
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Aegis Vopak Terminals, a JV in energy logistics, is eyeing ₹3,500 crore to fund debt and capacity expansion.
With IPO activity bouncing back, retail and institutional investors alike will be watching subscription numbers, allotment outcomes, and listing performance closely. The action this week could set the tone for the upcoming mega offerings in FY26.
