Borana Weaves Limited, a Surat-based synthetic textile manufacturer, has launched its Initial Public Offering (IPO) today, May 20, 2025, aiming to raise approximately ₹144.89 crore through a fresh issue of 67.08 lakh equity shares. The IPO is priced between ₹205 and ₹216 per share and will remain open for subscription until May 22. Notably, the grey market premium (GMP) stands at ₹55, suggesting a potential listing gain of around 25.46% over the upper price band.
Borana Weaves IPO: Key Details
- Issue Size: ₹144.89 crore
- Price Band: ₹205–₹216 per share
- Lot Size: 69 shares (minimum investment of ₹14,904)
- Subscription Period: May 20–22, 2025
- Listing Date: Expected on May 27, 2025, on BSE and NSE
- Use of Proceeds: Establishing a new manufacturing unit in Surat, meeting incremental working capital requirements, and general corporate purposes
On the first day of subscription, the IPO was subscribed 52%, with the retail investor portion receiving 2.17 times subscription.
Belrise Industries IPO: Upcoming Opportunity
Belrise Industries, a Pune-based auto component manufacturer, is set to open its IPO for subscription from May 21 to May 23, 2025. The company aims to raise ₹2,150 crore through a fresh issue of 23.89 crore equity shares, priced between ₹85 and ₹90 per share._The grey market premium for Belrise Industries stands at ₹4.25, indicating modest investor interest.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator reflecting the premium at which IPO shares are trading in the grey market before their official listing._A higher GMP suggests strong investor demand and potential listing gains. However, it’s essential to note that GMP is speculative and not a guaranteed predictor of stock performance post-listing.
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Conclusion
The IPO landscape in India is witnessing renewed activity, with companies like Borana Weaves and Belrise Industries entering the market. While Borana Weaves shows promising signs with a healthy GMP and substantial subscription on day one, investors should conduct thorough due diligence, considering company fundamentals, market conditions, and personal investment goals before participating in any IPO.
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