Borana Weaves: The much-anticipated listing of Borana Weaves shares at a 12.5% premium has caught investor attention, while Belrise Industries is gearing up for a powerful debut with a grey market premium (GMP) indicating up to 30% gains. In this article, we decode the IPO listings, market sentiment, GMP expectations, and investor strategies. If you’ve applied or are planning your next trade, this is your complete post-IPO playbook.
Borana Weaves IPO: Company Overview and IPO Performance
Borana Weaves Ltd. is a Gujarat-based textile company specialising in high-quality jacquard and dobby fabrics made primarily from cotton yarn. The company serves major players in India’s apparel and home furnishing industries, operating from its modern manufacturing units in Ahmedabad. With a strong B2B client base, the firm has seen consistent demand due to its innovative weaving techniques and quality-centric operations. Borana’s expansion strategy focuses on strengthening domestic supply chains and gradually increasing exports, reflecting solid long-term potential.
The ₹145 crore Borana Weaves IPO, open from May 20–22, 2025, received a mammoth 149x subscription. The fresh issue of 67.08 lakh shares was priced between ₹205–₹216, with a minimum lot size of 69 shares. Notably, non-institutional investors led the charge with a whopping 237x subscription, followed by retail at 200x and QIBs at 87x.
Also Read: Prostarm Info Systems IPO Opens May 27: Price Band, IPO Dates, Financials & Key Stats Inside!
Listing Day Review: How Did Borana Weaves IPO Perform?
Borana Weaves IPO made its stock market debut at ₹243 per share on both NSE and BSE, offering a 12.5% premium over the issue price of ₹216. While the listing was profitable, it fell short of the pre-listing grey market premium (GMP) of 19.91%, where shares were trading at nearly ₹259.
The company’s debut market cap stood at ₹670 crore, reflecting strong but slightly tempered investor optimism. Experts suggest that while the fundamentals are healthy, investors may consider booking partial gains on listing day and holding the rest for long-term growth, particularly considering the textile sector’s cyclical demand pattern and rising input costs.
Belrise Industries: Strong Demand & High GMP – What to Expect on Listing Day?
Belrise Industries is set to hit the exchanges on May 28, 2025, and all eyes are on its performance. The IPO garnered stellar investor interest, with overall subscription hitting 7.92x on the final bidding day.
Here’s the category-wise breakup:
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Retail Investors: 6.43x
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Non-Institutional Investors: 9.05x
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QIBs: 9.81x
The IPO was priced at ₹90 per share. As of May 27, the grey market premium stands between ₹24–₹30, suggesting a potential listing price of ₹114–₹120, implying a gain of up to 30%. While GMP is unofficial and may not reflect real market behaviour, it gives a good pre-listing sentiment indicator.
Also Read: The Leela Hotels IPO
Belrise Industries IPO Allotment Status & Refunds
The Belrise Industries IPO allotment was finalised on May 25, 2025, and refunds for unallocated investors are underway. Here’s how you can check your allotment:
Via Registrar (MUFG Intime)
- Check Here: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
- Choose IPO > Select ‘Belrise Industries’ > Enter PAN or Application ID
Via BSE
- Check Here: https://www.bseindia.com/investors/appli_check.aspx
- Select IPO > ‘Belrise Industries’ > Enter details to view status.
Via NSE
- Click here: NSE IPO Allotment Status
- Select IPO Allotment > Choose Belrise > Enter details.
Refunds typically reflect in 1–2 working days, depending on your bank.
As the IPO lists, consider short-term volatility and the current market tone. While short-term listing gains seem likely, long-term investors should evaluate fundamentals and sector outlook before deciding.
Also Read: Powerful Debut: Aegis Vopak Terminals IPO Opens May 26 – GMP Trends & Key Details Inside
Final Word: Book Gains or Stay Invested?
Both Borana Weaves and Belrise Industries highlight India’s growing appetite for SME and small-cap IPOs. While GMP often sets high expectations, actual listing performance can be more measured.
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For Borana Weaves IPO, if you secured allotment, booking partial gains could be wise.
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For Belrise Industries IPO, wait for actual listing and assess early trade volumes before taking action.
Investors must not solely rely on GMPs for decision-making. Always evaluate fundamentals, sector positioning, and your own risk appetite.
Disclaimer: The views and investment insights provided here are based on publicly available information and do not constitute financial advice. Readers are advised to conduct their own research or consult certified financial experts before making investment decisions
