Upcoming IPOs This Week: Borana Weaves, Belrise Industries, And Other IPOs In Focus This Week

The Indian stock market extended gains last week amid progress in US-China trade talks and lower domestic inflation. Indian bourses are likely to extend gains this week as well. Meanwhile, the primary market will be buzzing with the launch of new initial public offerings (IPOs), including Borana Weaves Limited and White Hall Commercial Company.

India's IPO market is regaining momentum as the stock market has come out of its correction territory. Apart from the two upcoming IPOs, the Virtual Galaxy Infotech IPO listing is scheduled for 19 May.

Upcoming IPOs

Borana Weaves Limited

Borana Weaves IPO will kick off on May 20 and will close on May 22. Borana Weaves issue size is of 67,08,000, with a price band of Rs 205 to Rs 216 per share. The company has roped in KFin Technologies Limited as the main registrar, and HDFC Bank as sponsor bank. It will be a fresh issue of up to 67,08,000 with a face value of Rs 10 each.

The company has fixed the anchor investor bidding date as Monday, May 19. To apply for Borana Weaves IPO, investors can do so in a lot size of 69 equity shares, and in multiples thereafter. Nearly 75% of the company shares are reserved for qualified institutional buyers (QIB), whereas nearly 15% of shares are reserved for non-institutional investors (NII). A maximum of 10% shares are reserved for retail investors.

Borana Weaves IPO basis of allotment of shares will be fixed on May 23. Those investors who were unable to secure the IPO funds will get their refunds on May 26 or after that. The company listing is likely to be on May 27 on BSE and NSE. However, the listing date is yet to be confirmed. The allocation to anchor investors for Borana Weaves IPO is scheduled to take place on Monday, May 19.

Belrise Industries IPO

Belrise Industries' IPO will open for public subscription on Wednesday, May 21. The public subscription is set to raise around Rs 2,150 crore with an entirely fresh issue of 238.90 million equity shares. The IPO is available at a price band of Rs 85-90 per share, with a lot size of 166 shares.

The list of allotment for investors will be finalised on Monday, May 26, 2025. The successful allottees will receive the company's shares into their demat account on Tuesday, May 27, 2025. Belrise Industries shares is expected to be listed on the BSE, and NSE on May 28.

Other IPOs in Focus Next Week

The SME platforms will witness the listing of three companies, including Victory Electric Vehicles, Dar Credit and Capital, and Unified Data-Tech.

A total of ten mainboard IPOs were listed in the Indian markets in the first four months of the year. As the Indian stock market continued to remain volatile after the beginning of 2025, no IPO listings were held in March and April. As of now, HExaware Technologies stands as the biggest IPO of 2025 so far. Many companies like Reliance Jio, etc, are also planning to bring their IPO this year. According to publicly available data, three out of ten IPOs listed in 2025 gave negative listing returns.