IPOs This Week: Five New Issues Set to Raise Over ₹2,500 Crore, Including Two Mainboards

Mumbai, May 21, 2025 — India’s primary market is set for a busy week with five new initial public offerings (IPOs) slated to open, aiming to collectively raise over ₹2,500 crore. This includes two mainboard IPOs and three SME issues, reflecting continued investor interest across market segments.

Among the mainboard offerings, Borana Weaves and Belrise Industries are set to raise approximately ₹2,300 crore. These issues are expected to attract significant institutional and retail investor attention, given their scale and sectoral positioning.

In the SME segment, IPOs of Victory Electric Vehicles, Dar Capital, and Unified Data Tech are lined up. While smaller in size, these issues highlight the robust pipeline of emerging businesses tapping into public markets for capital expansion.

Breakdown of Upcoming IPOs:

Borana Weaves Ltd – Mainboard

Belrise Industries Ltd – Mainboard

Victory Electric Vehicles Ltd – SME

Dar Capital Services Ltd – SME

Unified Data Tech Solutions Ltd – SME

The surge in IPO activity follows strong market momentum and heightened investor confidence in Indian equities. Analysts suggest that the mix of large and small offerings provides a range of opportunities for both institutional and retail investors.

Market participants are closely watching subscription trends, especially for the mainboard IPOs, as a barometer for broader sentiment in the equity markets.