What’s Fueling the IPO Rush Next Week? Here’s the Full Scoop

The Indian primary market is set for a busy week with five IPOs — including two mainboard and three SME offerings — opening for subscription. Additionally, three companies are scheduled for listing on the NSE SME platform.

The Indian primary market is bracing for an active week, as five initial public offerings (IPOs) — two mainboard and three SME issues — are scheduled to open for subscription. In addition, three companies are set to debut on the exchanges, reflecting continued investor appetite despite early 2025 volatility.

Mainboard IPOs Opening Next Week

1. Borana Weaves Limited
   
   • Subscription Dates: May 20–22
     
   • Issue Size: ₹144.89 crore (fresh issue only)
     
   • Price Band: ₹205–₹216 per share
     
   • Lead Manager: Beeline Capital Advisors Pvt Ltd
     
   • Registrar: Kfin Technologies Ltd
     
2. Belrise Industries Limited
   
   • Subscription Dates: May 21–23
     
   • Issue Size: ₹2,150 crore (fresh issue only)
     
   • Price Band: ₹85–₹90 per share
     
   • Lead Managers: Axis Capital, HSBC Securities, Jefferies India, SBI Capital
     
   • Registrar: Link Intime India Pvt Ltd
     

SME IPOs Opening Next Week

1. Victory Electric Vehicles Ltd
   
   • Subscription Dates: May 20–23
     
   • Issue Size: ₹40.66 crore
     
   • Price: ₹72 per share (fixed price)
     
   • Lead Manager: Corpwis Advisors Pvt Ltd
     
   • Registrar: Maashitla Securities Pvt Ltd
     
2. Dar Credit and Capital Ltd
   
   • Subscription Dates: May 21–23
     
   • Issue Size: ₹25.66 crore
     
   • Price Band: ₹57–₹60 per share
     
   • Lead Manager: GYR Capital Advisors Pvt Ltd
     
   • Registrar: Kfin Technologies Ltd
     
3. Unified Data-Tech Ltd
   
   • Subscription Dates: May 22–26
     
   • Issue Size: ₹144.47 crore (offer for sale only)
     
   • Price Band: ₹260–₹273 per share
     
   • Lead Manager: Hem Securities Ltd
     
   • Registrar: Kfin Technologies Ltd
     

IPO Market Trends & Outlook

Despite this, the new listings show that investor interest remains strong, especially in niche sectors such as EVs, data-tech, and infrastructure.

New Listings Scheduled Next Week

1. Virtual Galaxy Infotech Ltd
   
   • Listing Date: May 19
     
   • Exchange: NSE SME
     
2. Integrity Infrabuild Developers Ltd
   
   • Listing Date: May 20 (Tentative)
     
   • Exchange: NSE SME
     
3. Accretion Pharmaceuticals Ltd
   
   • Listing Date: May 21 (Tentative)
     
   • Exchange: NSE SME
     

With both large and small-cap companies entering the public market, investors have a range of options across industries like textiles, electric mobility, IT, and pharmaceuticals. The coming week promises heightened activity and may set the tone for IPO trends in the remaining half of Q2 FY25.