Sign in Subscribe
Initial public offerings

Four IPOs Opening This Week: Borana Weaves, Belrise Industries, Dar Credit, and Unified Data-Tech Solutions

Strategic Insights

— 2 min read

As the IPO market regains momentum after a brief pause, four new public issues are set to open this week, offering investors a plethora of opportunities to explore. Among the mainboard and SME segments, Borana Weaves, Belrise Industries, Dar Credit and Capital, and Unified Data-Tech Solutions Limited are gearing up to make their debut on Dalal Street. With these fresh IPOs, investors will need to keep a close eye on allotment and listing developments, as well as market sentiment, to make informed investment decisions.

Key Takeaways:

  • Borana Weaves, a textile maker, is opening its mainboard IPO on May 20, seeking to raise Rs 144.89 crore through a fresh issue of 0.67 crore shares priced between Rs 205 and Rs 216 per share.
  • Belrise Industries, an auto components maker, is following closely with its Rs 2,150 crore mainboard IPO, open for subscription from May 21 to May 23, with a price band of Rs 85 to Rs 90 per share.
  • Dar Credit and Capital, a finance company, is opening its SME IPO this week, with a price band of Rs 57 to Rs 60 per share, aiming to raise Rs 25.66 crore through a fresh issue of 42.76 lakh shares.
  • Unified Data-Tech Solutions Limited, a tech services firm, is also opening its SME IPO this week, with a pure offer for sale worth Rs 144.47 crore, comprising 52.92 lakh shares priced at Rs 260 to Rs 273 per share.
  • Investors will find out their allotment status for Borana Weaves by May 23, and the stock is set to debut on May 27 on both BSE and NSE platforms.
  • Belrise Industries' allotment is expected on May 26, with a tentative listing date of May 28 on both exchanges.
  • Dar Credit and Capital's allotment is likely to be finalised on May 26, with listing scheduled on NSE SME by May 28.
  • Unified Data-Tech Solutions Limited's allotment is expected on May 27, with listing scheduled for May 29 on BSE SME.
  • The grey market premiums for Borana Weaves, Belrise Industries, and Dar Credit and Capital indicate a slight downward trend, while Unified Data-Tech Solutions Limited is trading at a 64% premium, or about Rs 448, over its upper price band.

Statistics:

  • Borana Weaves IPO size: Rs 144.89 crore
  • Belrise Industries IPO size: Rs 2,150 crore
  • Dar Credit and Capital IPO size: Rs 25.66 crore
  • Unified Data-Tech Solutions Limited IPO size: Rs 144.47 crore
  • Borana Weaves IPO price band: Rs 205 to Rs 216 per share
  • Belrise Industries IPO price band: Rs 85 to Rs 90 per share
  • Dar Credit and Capital IPO price band: Rs 57 to Rs 60 per share
  • Unified Data-Tech Solutions Limited IPO price band: Rs 260 to Rs 273 per share
  • Expected listing date for Borana Weaves: May 27
  • Expected listing date for Belrise Industries: May 28
  • Expected listing date for Dar Credit and Capital: May 29
  • Expected listing date for Unified Data-Tech Solutions Limited: May 29
  • Grey market premium for Borana Weaves: 29% above the top end of the price band
  • Grey market premium for Belrise Industries: 19% above the top end of the price band
  • Grey market premium for Dar Credit and Capital: 20% above the top end of the price band
  • Grey market premium for Unified Data-Tech Solutions Limited: 64% above the top end of the price band

Sources:

  • "Explore 4 IPOs opening this week, featuring Borana Weaves and Belrise Industries. Catch the listings and stay updated on investment opportunities!" - IE Online Media Services Pvt. Ltd., distributed by Contify.com.

Read more