New Delhi, May 29 -- After a prolonged lull, the Indian primary market regained momentum in May, with six mainboard companies launching their initial public offerings (IPOs). The earlier slowdown in IPO activity was largely attributed to weak global sentiment driven by concerns over the economic fallout from the US-China trade war, exacerbated by tariff policies introduced by US President Donald Trump.

As macroeconomic tensions began to ease, IPO activity saw a resurgence. On May 26, Schloss Bangalore Ltd - the operator of luxury hospitality brand "The Leela" - and Aegis Vopak Terminals launched their respective IPOs.

The Rs.3,500-crore Leela Hotels IPO comprised a fresh issue of 5.75 crore equity shares worth Rs.2,500 crore and an offe...