Overview

• The quartet of main-board offerings—Schloss Bangalore Ltd., Vopak Terminals Ltd., Prostar Info Systems Ltd. and Scoda Tubes Ltd.—aim to raise about Rs6,600 crore from May 26 to May 30.
• Schloss Bangalore’s Rs3,500 crore IPO, split into a Rs2,500 crore fresh issue and Rs1,000 crore offer-for-sale, is 7% subscribed on its second day with a grey market premium of Rs12.5, implying a potential 2.87% listing gain.
• Aegis Vopak Terminals’ fully fresh Rs2,800 crore issue opened May 26 and carries a Rs14.5 grey market premium, suggesting approximately a 6.17% uplift at listing.
• Prostar Info Systems’ Rs168 crore IPO opens May 27 for funding capital requirements, debt repayment and acquisitions, while Scoda Tubes’ Rs220 crore issue opens May 28 to bolster production capacity, working capital and corporate purposes.
• Following just 12 listings so far this year, 57 companies have secured SEBI’s final observations and 74 await approvals, indicating a pick-up in new public issues.