Mon May 26 06:20:00 UTC 2025: ## IPO Market Heats Up: Leela Hotels, Aegis Vopak, Prostarm, and Scoda Tubes Launch Offerings This Week

**Mumbai, India – May 27, 2024** – The Indian IPO market is bracing for a busy week with four major mainboard IPOs hitting the market, along with five SME IPOs. Schloss Bangalore Ltd. (Leela Hotels Ltd.), Aegis Vopak Terminals Ltd., Prostarm Info Systems Ltd., and Scoda Tubes Ltd. are all launching their initial public offerings, generating significant investor interest.

Early indicators suggest that investors are particularly bullish on Scoda Tubes and Aegis Vopak Terminals. According to InvestorGain, the grey market premium (GMP) points towards a strong debut for Scoda Tubes, with shares potentially listing at a premium of over 11.43%. Aegis Vopak Terminals is also expected to see gains, with a projected listing premium of around 4.26% per share.

**Here’s a breakdown of the four major IPOs:**

* **Leela Hotels (Schloss Bangalore Ltd.):** The luxury hotel chain aims to raise Rs 3,500 crore through its IPO, which opens for subscription on May 26th. As of May 26th, the GMP indicated a potential listing gain of 3.68% per share, suggesting an estimated listing price of Rs 451. Listing is tentatively scheduled for June 2nd.

* **Aegis Vopak Terminals Ltd.:** This Rs 2,800 crore IPO, consisting entirely of a fresh issue of 11.91 crore shares, opened for subscription on May 26th and closes on May 28th. With a GMP of Rs 10 on May 26th, the company’s shares are expected to list at Rs 245 apiece, indicating a potential gain of 4.26%. Listing is targeted for June 2nd.

* **Prostarm Info Systems Ltd.:** This IPO, aiming to raise Rs 168 crore through a fresh issue of 1.6 crore shares, opens for subscription from May 27th to May 29th. The price band is set between Rs 95 and Rs 105 per share. However, the latest GMP suggests a flat listing for Prostarm. Listing is tentatively scheduled for June 3rd.

* **Scoda Tubes Ltd.:** With a price band of Rs 130 to Rs 140 per share, Scoda Tubes is seeking to raise Rs 220 crore from the primary market through a fresh issue of 1.57 crore shares. The IPO opens on May 28th and closes on May 30th. Current GMP indicates a strong listing gain of 11.43%, with an estimated listing price of Rs 156 per share. Shares are expected to list on June 4th.

**Important Note:** GMP is an unofficial and speculative indicator of potential listing performance and should not be considered definitive.

**Disclaimer:** Investments in IPOs are subject to market risks. Investors are advised to consult with financial advisors and carefully review the red herring prospectus before making any investment decisions.

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