Belrise Industries Vs Borana Weaves IPO: Which is a better option to bet on?

• IPONews, Belrise Industries Vs Borana Weaves IPO GMP Comparison: Compare Rs 2,150 crore auto IPO of Belrise with Rs 144.89 crore textile IPO of Borana. Look at major factors and choose your investment!

• Belrise Industries and Borana Weaves IPOs strike Dalal Street this week – auto components behemoth vs textile entrant (Image: Shutterstock)

• Two new mainboard IPOs are making their debut on Dalal Street this week. Both of these businesses are from extremely different industries. Belrise Industries is an auto component veteran from Pune, whereas Borana Weaves is a young textile maker from Surat. While both the issues are opening just a day apart, let’s see the GMP, issue price, price band and other crucial factors to watch for both these issues and determine which one is a better bet.
  •\tBelrise Industries Vs Borana Weaves IPO: Timelines of opening and listing
  •\tBelrise Industries will open the IPO for subscription on May 21, and close on May 23. The shares are to be allotted on May 26, and the stock will list on the BSE and NSE on May

•\tConversely, Borana Weaves commenced its IPO a day prior, opening for bids on May 20, and to close on May 22. Allotment of shares is expected to be finalized by May 23, and its listing at the BSE and NSE is provisionally planned for May 27.

•Belrise Industries Vs Borana Weaves IPO: Issue size and objectives

• Belrise Industries is raising a humongous Rs 2,150 crore in its IPO, entirely through fresh issue. The major purpose is to retire more than Rs 1,600 crore of debt, with the balance towards corporate expenses.
• Borana Weaves, on the other hand, has a much smaller issue size of Rs 144.89 crore, once again entirely fresh issue. Working capital, growth, and general business requirements are the objectives of raising the funds.
•For Belrise, the price range is between Rs 85- Rs 90, and the minimum lot is 166 shares, or a retail investor must invest a minimum of Rs 14,940.
•Conversely, Borana Weaves has fixed its share price between Rs 205 to Rs 216, and one lot comprises 69 shares, for which a minimum amount of Rs 14,904 must be invested at the higher price band.

•Belrise Industries Vs Borana Weaves IPO: Grey market buzz

•Belrise Industries at the grey market is quoting a premium of Rs 4.24. This means an approximated listing price of Rs 94.25, higher by 4.72% from the issue’s higher price band of Rs 90 per shares
•Borana Weaves, however, is making a lot of buzz in the grey market with a premium of Rs 55 per share today, that is its listing day. That means its expected listing price would be around Rs 271, providing a potential 25.46% return.
•But it must be kept in mind that GMP is not the official or real listing price because it changes depending on the mood of the market.

•Borana Weaves IPO opens on May 20: What’s the GMP indicating? Here are 5 things to watch
•Belrise Industries Vs Borana Weaves IPO: Key players of the issues
•For Belrise Industries IPO, Axis Capital, HSBC Securities, Jefferies India, and SBI Capital Markets are serving as the book-running lead managers for the issue. The IPO registrar duties have been assigned to Link Intime.
• Meanwhile, Borana Weaves has appointed Beeline Capital Advisors as the book-running lead manager. For registrar services, it has chosen Kfin Technologies.
• Belrise Industries Vs Borana Weaves IPO: Sectoral details
• Belrise Industries has been around since 1996 and is a seasoned player in the auto component space. It supplies essential parts like chassis, suspension systems, and exhausts to major auto brands such as Hero, Bajaj, Royal Enfield, and even Jaguar Land Rover.
•Borana Weaves, however, was established only five years ago in 2020. It specializes in the manufacture of unbleached synthetic grey fabric, a raw material employed for everything ranging from ethnic wear to technical textiles.