Borona Weaves Vs Belrise Industries: Which IPO Should You Pick? Check GMP, Size, More – News18
Last Updated:May 21, 2025, 12:29 IST
Borona Weaves IPO vs Belrise Industries IPO: Let’s delve into each of these IPOs to understand them better. Making informed decisions is essential before investing.
Borona Weaves vs Belrise Industries IPO
With this renewed momentum in the market, investors are eager to invest in these IPOs for potential gains. The question is: Where should they invest? Should they choose Borona Weaves or Belrise Industries?
Let’s delve into each of these IPOs to understand them better. Making informed decisions is essential before investing your hard-earned money.
Borona Weaves IPO vs Belrise Industries IPO: Issue Size & Price Band
The issue size of Belrise Industries at Rs 2,150 is almost 15 times from Borona Weaves at Rs 144.89 crore. Belrise Industries’ price band stands at Rs 85-90, with one lot of 166 shares. Borona Weaves’ price band, on the other hand, stands at Rs 205-216, with one lot of 69 shares.
Borona Weaves IPO vs Belrise Industries IPO: Subscription Status
On Day 1, Belrise Industries’ IPO subscription status stood at 0.14 per cent by noon. The investors bid of 2,40,41,780 shares against the offered shares of 17,70,58,824.
On the other, investors have shown a strong demand from Day 1st in Borona Weaves IPO. By noon on Day 02, the IPO was subscribed 16 per cent.
Borona Weaves IPO vs Belrise Industries IPO: GMPÂ
According to market observers, unlisted shares of Borana Weaves Ltd are currently trading at Rs 268 apiece in the grey market, which is a 24.07 per cent premium or GMP over the IPO price of Rs 216.
According to various observers tracking GMP of Belrise Industries, the current grey market premium of Belrise Industries is now 15 per cent based on the price band of Rs 85-90.
Borona Weaves IPO vs Belrise Industries IPO: Finances
For the nine months ending December of the previous year, Belrise Industries reported a profit of Rs 245.5 crore, a decline of 17.5% compared to the same period the previous year. Revenue for this period increased slightly by 0.9% to Rs 6,013.4 crore.
Borona Weaves’ PAT for quarter ended December 31, 2024 stood at Rs 29.31 crore.
Borona Weaves IPO vs Belrise Industries IPO: About Company
Belrise Industries is an Indian automotive component manufacturer offering a variety of safety-critical systems and engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agricultural vehicles. Their clients include prominent companies like Bajaj, Honda, Hero, Jaguar Land Rover, Royal Enfield, VE Commercial Vehicles, Tata Motors, and Mahindra.
Incorporated in 2020, Borana Weaves engaged in the production of unbleached synthetic grey fabric. This fabric serves as a fundamental material for further processing, such as dyeing and printing, in various industries, including fashion, traditional textiles, home decor, and interior design.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
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