The IPO market is buzzing with activity again. This week, four new public issues are set to open which include two from the mainboard and two from the SME segment. With these new IPO openings this week, it indicates that after a brief pause in the IPO markets in the past two months, companies are now gearing up to make their debut on Dalal Street, and investors have a lot to watch out for.
Along with these fresh IPOs, there is also action lined up on the allotment and listing front. Let’s take a look at what is opening, what is ongoing, and what is getting listed this week-
Mainboard IPOs
Two mainboard IPOs are opening this week, marking the first such offerings this month after the Ather Energy IPO, which was open for subscription from April 28 to April 30. Here is a look at the details of the two issues.
Borana Weaves IPO
The first mainboard offer on the calendar is from textile maker Borana Weaves. Its Rs 144.89 crore issue opens on May 20 and closes on May 22. Priced between Rs 205 and Rs 216 a share, the entire float is a fresh issue of about 0.67 crore shares.
Investors will find out their allotment status by Friday, May 23, and the stock is pencilled in to debut on both the BSE and NSE on Tuesday, May 27. Beeline Capital Advisors is the lead manager, while KFin Technologies will handle the share allocation process.
In the unofficial grey market, Borana Weaves is quoted around Rs 279, roughly 29 percent above the top end of the price band. Grey‑market chatter can change quickly, though, and does not guarantee the actual listing price.
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Belrise Industries IPO
Auto‑components maker Belrise Industries follows right after. Its Rs 2,150 crore issue will be open for bids from May 21 to May 23, with a price band of Rs 85 to Rs 90 a share. Like Borana, the entire offering is a fresh issue, this one totaling 23.89 crore shares.
Allotment is expected on Monday, May 26, and the tentative listing date is Wednesday, May 28 on both exchanges. Axis Capital, HSBC Securities, Jefferies India,
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