India’s initial public offering (IPO) market is experiencing a significant revival in May 2025, with six major companies planning to raise over ₹11,000 crore through public listings. This resurgence follows a subdued start to the year and signals renewed investor confidence in the Indian economy. The upcoming IPOs come at a time when India’s economy is showing positive signs of growth, making it an opportune moment for companies to list and raise capital.
A Surge in IPO Activity
After a quiet beginning to 2025, the IPO market is showing renewed activity, with six main-board companies gearing up to launch their share sales this month to collectively raise more than ₹11,000 crore. This marks a significant uptick in activity and signals growing investor confidence and market momentum as the year progresses. The positive outlook is supported by a combination of factors, including favorable economic conditions, solid earnings growth from several sectors, and optimism over India’s growth trajectory. As of mid-May 2025, six major companies have announced IPOs, with others in the pipeline. Among them are Schloss Bangalore, Borana Weaves, and Belrise Industries, which are garnering considerable attention from investors.
Upcoming IPOs
Schloss Bangalore: A Luxury Player in Hospitality
Schloss Bangalore, the luxury hotel operator and owner of prestigious brands under the Leela name, is one of the most highly anticipated IPOs of 2025. The company has filed its Draft Red Herring Prospectus (DRHP) with SEBI, seeking to raise ₹5,000 crore. The proposed issue comprises a fresh issue of equity shares worth ₹3,000 crore and an offer for sale (OFS) of ₹2,000 crore by the existing promoters.
Schloss Bangalore’s IPO is expected to fuel growth initiatives, reduce debt, and expand its hospitality footprint. With India’s growing middle class and increasing domestic travel, the hospitality sector remains a strong performer, which bodes well for the IPO’s performance. Analysts predict that Schloss Bangalore will receive robust investor interest, primarily due to its strong brand recognition and growth prospects in a booming tourism market.
Borana Weaves: Textile Manufacturer Ready to Take Off
Borana Weaves, a leading textile manufacturer based in Surat, is poised to launch its ₹145 crore IPO on May 20, 2025. The IPO comprises a fresh issue of 67.08 lakh equity shares. The company specializes in the production of synthetic yarns, and its IPO is seen as a reflection of the growing demand in India’s textile sector.
The IPO will be open for subscription until May 22, and market experts are anticipating that Borana Weaves will debut on a positive note, driven by strong demand for Indian textiles and the company’s solid financial performance. The grey market premium (GMP) for the IPO has been in the range of 27%, a positive sign for investors looking for an early listing gain. Borana Weaves is capitalizing on the global demand for synthetic textiles, which continues to grow due to increasing fashion trends and export demand.
Belrise Industries: Automotive Components IPO
Belrise Industries, a Pune-based auto component manufacturer, is another prominent company gearing up for an IPO in May 2025. The company has set a price band of ₹85-90 per share and aims to raise ₹2,150 crore through the public offering. The IPO is scheduled to open for subscription from May 21 to May 23, 2025, with an anchor investor bidding round set for May 20.
The IPO is expected to be well-received, as Belrise Industries is a key player in the rapidly growing automotive and auto-components sector. As the automobile industry in India continues to expand, the demand for high-quality auto components remains strong. Belrise is well-positioned to benefit from this growth and is expected to attract significant investor interest, given the company’s stable financials and market positioning in a lucrative sector.
Investor Sentiment: A Positive Outlook for the IPO Market
The overall sentiment in India’s financial markets is buoyant. Analysts believe the IPO resurgence is a sign of renewed confidence in India’s economy. After a somewhat lackluster 2023, when IPOs faced significant market volatility and a global slowdown, 2025 has seen better stability.
Investors are showing interest in IPOs, not only because of favorable market conditions but also due to the attractiveness of the companies launching their offerings. The IPO boom is likely to lead to higher market liquidity, which could positively impact the broader economy.
India’s equity market has been performing well in recent years, with the Sensex and Nifty continuing to set record highs. This growth in the stock market has translated into a more favorable environment for IPOs. Additionally, sectors like hospitality, textiles, and automotive components have seen robust performance, which has attracted investor attention.
Economic Implications: Boosting Growth and Liquidity
The resurgence of IPOs is expected to have several economic benefits. First, it will increase market liquidity, enabling more funds to flow into the economy. Second, it will support the financial health of businesses by giving them the capital needed to expand, invest in new projects, or reduce debt. Lastly, the IPO boom will likely lead to a wave of positive sentiment across the Indian economy, encouraging further investments from both domestic and international investors.
The upcoming IPOs come at a critical juncture for India, as the government and businesses look to drive economic recovery and support long-term growth. The funds raised from these IPOs are expected to support various growth initiatives, including infrastructure development, technological innovation, and job creation.