Tea Post Files Draft Papers for IPO...
14 Jun, 2025
India’s primary equity markets are witnessing a dramatic resurgence after a three-month lull, with a wave of initial public offerings (IPOs) injecting renewed optimism and capital into the financial ecosystem. According to recent reports, the upcoming IPOs of Schloss Bangalore and Aegis Vopak Terminals together worth Rs 6,300 crore are leading the charge, reflecting a broader revival driven by stabilising secondary markets and robust investor sentiment.
The revival is evident as at least seven IPOs are launching in May, with another 10 to 12 lined up for June. The Securities and Exchange Board of India (SEBI) has already approved more than 60 companies for public listing, while 75 others have filed draft red herring prospectuses, signaling a busy season ahead for India’s capital markets.
Schloss Bangalore, operator of The Leela luxury hotels, announced its Rs 3,500 crore IPO, while Aegis Vopak Terminals, a key player in LPG and liquid storage, confirmed a Rs 2,800 crore share sale. Both offerings open for public subscription on May 26 and close on May 28. Other companies, such as Belrise Industries and Borana Weaves, have already gone live, with Prostarm Info Systems set to launch its IPO on May 27. Firms like ArisInfra Solutions and Scoda Tubes are expected to join the fray soon.
Industry experts attribute the IPO resurgence to a confluence of factors: stabilising secondary markets, easing geopolitical tensions, and strong domestic liquidity. “The recent stabilisation in geopolitical issues and easing trade uncertainties have reinforced international investor confidence, enabling a robust recovery in IPO activity,” said Ranvir Davda, co-head of investment banking at HSBC India.
Neha Agarwal, Managing Director and Head of Equity Capital Markets at JM Financial Institutional Securities, noted, “India’s benchmark indices have outperformed most global peers in 2025, driven by strong domestic flows and a resilient services sector. The IPO market is now rewarding real businesses with strong fundamentals and realistic valuations, rather than being driven by speculative hype.”
The IPO wave is expected to continue, with high-profile companies like Tata Capital, LG Electronics India, HDB Financials, ICICI Prudential AMC, Lenskart, Manipal Hospitals, and PhonePe reportedly preparing for public listings valued at over $1 billion each this fiscal year. Other hopefuls include Continuum Green Energy, IndiQube, CIEL HR, Paramesu Biotech, Solarworld, Brigade Hotel Ventures, All Time Plastics, Regreen Excel, Smartworks, and NSDL.
The IPO resurgence follows several major secondary market block trades. Notably, Singapore Telecommunications recently sold Rs 13,180 crore worth of Bharti Airtel shares. Earlier, Carlyle Group exited its entire 10.44% stake in PNB Housing Finance for Rs 2,700 crore, General Atlantic sold a 10% stake in KFin Technologies for Rs 1,790 crore, and Ant Financial offloaded a 4% stake in One97 Communications (Paytm) for Rs 2,100 crore.
With strong economic fundamentals, easing global tensions, and revived investor appetite, India’s capital markets appear poised for a sustained wave of IPOs in 2025. The current momentum underscores growing confidence in the country’s economic prospects and the resilience of its financial markets.
