Latest news with #BoranaWeaves
Mint
3 days ago
- Business
- Mint
Stock market this week: Top gainers and losers you can't afford to ignore
India's Gross Domestic Product (GDP) registered a robust growth of 7.4% in the January–March quarter of the financial year 2024–25, surpassing market expectations and marking the highest quarterly growth in the past year. This strong performance reflects the continued momentum in economic activity, driven by resilient domestic demand, increased government spending, and a steady revival in key sectors such as manufacturing, construction, and services. The manufacturing sector, in particular, witnessed notable growth, supported by improved industrial output and rising capacity utilization. The services sector also maintained its upward trajectory, with increased activity in finance, real estate, and professional services. Additionally, infrastructure development and higher capital expenditure by the government contributed positively to the growth figures. Agriculture, although subject to seasonal variations, remained stable and supported rural consumption. 2. Belrise Industries made a strong debut in the market, getting listed at a premium of 11.11% over its issue price of ₹ 90, reflecting investor confidence and positive market sentiment. Similarly, Borana Weaves was listed at a premium of 12.5% over its issue price of ₹ 216, indicating robust demand and favorable reception. In addition to these listings, several recent Initial Public Offerings (IPOs) witnessed healthy oversubscription levels. The IPO of Aegis Vopak Terminals was oversubscribed by 2.20 times, while Schloss Bangalore saw even stronger interest, being oversubscribed by 4.72 times. These figures suggest strong participation from investors across categories. Notably, the IPO of Prostarm Info garnered exceptional attention with an oversubscription of 96.68 times, marking a significant milestone in terms of demand and investor enthusiasm. Similarly, the IPO of Scoda Tubes Info attracted substantial interest, being oversubscribed by 57.37 times. These oversubscription numbers highlight the high level of interest in the primary market and the growing participation from retail and institutional investors. The successful listings and strong subscription figures reflect an active IPO market and demonstrate investor optimism toward emerging companies across various sectors. The momentum seen in these offerings underscores the ongoing vibrancy in India's capital markets. 3. Several asset management companies have recently launched New Fund Offers (NFOs), adding a diverse range of investment options to the mutual fund landscape. Motilal Oswal AMC introduced the Motilal Oswal Services Growth Direct Plan, aiming to tap into the potential of India's expanding services sector. ICICI AMC launched the ICICI Prudential Nifty200 Quality 30 Index Growth Direct Plan, offering investors an opportunity to invest in a quality-focused index composed of 30 high-ranking companies from the Nifty 200 universe. Nippon India AMC rolled out the Nippon India BSE Sensex Next 30 Index Growth Direct Plan, which aims to capture the performance of the next line of large-cap companies beyond the Sensex 30. Union AMC has launched the Union Income Plus Arbitrage Active FoF Growth Direct Plan, a fund of funds designed to deliver steady returns through arbitrage opportunities, with active allocation strategies. Unifi AMC introduced the Unifi Flexi Cap Growth Direct Plan, a flexible investment approach that spans across large-cap, mid-cap, and small-cap segments to leverage opportunities across market capitalizations. These NFOs reflect a dynamic and evolving market environment where AMCs continue to introduce innovative products to cater to varied investor preferences, focusing on sectoral growth, quality indices, and flexible asset allocation strategies. Index Returns Best Performers Worst Performers Bought and Sold Most Watchlisted Kuvera is a free direct mutual fund investing platform. Unless otherwise stated data sourced from BSE, NSE and kuvera.
Mint
5 days ago
- Business
- Mint
Ather Energy to Borana Weaves: IPO-lock-in expiry for 61 companies to release $21 bn worth of shares in 4 months
IPO lock-in expiry: A total of 61 companies are slated to have their pre-listing shareholder lock-ins lifted between May 28, 2025 and September 22, 2025, which could potentially free up shares amounting to $21 billion, according to a report by domestic brokerage Nuvama Alternative & Quantitative Research. Some of the key companies that will witness IPO lock-in expiries include recently listed Ather Energy and Borana Weaves. While the value of shares set to be open for trading pertains to the total lock-up opening shares, it's important to understand that not all of these shares will be sold. This is because a sizable portion of these shares is also held by the promoter and promoter group companies. Nuvama said it has only considered those companies that got listed on the Indian stock exchanges by May 26, 2025. The lock-in period for an IPO is a specified duration during which certain shareholders, like promoters and anchor investors, are prohibited from selling their shares. These lock-in regulations are designed to promote stock price stability and allow the company time to establish itself in the market after its IPO. The duration of the IPO lock-in period varies depending on the category of investor — such as promoters, anchor investors, and non-promoter shareholders. Here is a detailed list of companies set to face IPO lock-in expiry over the next few months: Only Ather Energy and Borana Weaves shares are among those that will see one-month and three-month IPO lock-in expiries. Around 21 million shares of Ather Energy will be available for trade on June 2, followed by another 21 million on July 31. Meanwhile, 2 million shares of Borana Weaves will be available for trading on June 23, and an additional 2 million will be up for trading on August 21. Ather Energy shares are currently trading below their IPO price of ₹ 321 apiece. The stock had listed at ₹ 328 in May. Meanwhile, Borana Weaves stock had listed two days ago at ₹ 243 as against the IPO price of ₹ 216. Today, the stock closed the session at ₹ 232.55, below its listing price but above the issue price. Some 28 companies will see their six-month IPO lock-in expiry between June 2 and August 18. Enviro Infra, Vishal Mega Mart, Sai Life Sciences, Mamata Machinery, Unichem Aerospace and Dr Agarwal's Health Care are some of the companies up for six-month lock-in expiries. Disclaimer: The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
India Today
7 days ago
- Business
- India Today
Borana Weaves lists at 13% premium: Should you hold or book profit?
Borana Weaves made its stock market debut on Tuesday with a strong start, listing at Rs 243 on both the BSE and NSE. This was 12.5% higher than its issue price of Rs 216 per after listing, the share price continued to rise. As of 10:55 am, the stock was trading at Rs 255.10, showing a gain of 18.10%.advertisementThe company's initial public offering (IPO) had received strong interest from investors, and this was reflected in the stock's performance on listing YOU HOLD OR BOOK PROFIT? After the strong listing, investors are now wondering whether to hold the stock or book Garg from Lemonn Markets Desk said, "While short-term investors may consider booking profits following the robust listing performance, long-term investors are advised to adopt a wait-and-watch approach. Close monitoring of the company's execution capabilities and progress on expansion plans will be key before taking a long-term position."Even though the stock opened higher, the listing was slightly below what many in the market had expected. The grey market premium (GMP) had been showing a possible listing gain of 20-22%, with the premium standing at Rs 43-45 before the listing. In fact, on the first day of bidding, the GMP had touched Rs 60, showing very strong IPO saw a very high level of subscription. It was subscribed 147.85 times overall. Retail investors subscribed 200.50 times. Non-Institutional Investors (NIIs) subscribed 237.41 times, while Qualified Institutional Buyers (QIBs) subscribed 85.53 Weaves planned to raise Rs 144.89 crore by issuing 67 lakh new shares. Even before the IPO was opened to the public, the company had collected Rs 65.20 crore from anchor investors. The price band for the IPO was fixed between Rs 205 and Rs 216 per the subscription period, the IPO received bids for 54,54,99,303 shares, though only 36,89,457 shares were available. This means the total bids were worth nearly Rs 11,782.78 crore, which shows the high level of interest among Weaves was set up in 2020. The company makes unbleached synthetic grey fabric. This fabric is a base material used in several industries, especially in clothing, traditional textiles, and home dcor. The fabric is later dyed or printed as per the needs of Capital Advisors was the lead manager for the IPO. Kfin Technologies worked as the registrar and handled the application and allotment process.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
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Business Standard
7 days ago
- Business
- Business Standard
Borana Weaves shares make positive D-Street debut, list at 12% premium
Borana Weaves IPO listing today: Shares of Borana Weaves made a positive debut on the exchanges on Tuesday, May 27, 2025. The company's shares listed at ₹243 apiece on BSE and NSE, reflecting a premium of ₹27 or 12.5 per cent over the issue price of ₹216. However, the listing price of Borana Weaves was slightly below grey market estimates. Ahead of the listing, unlisted shares of Borana Weaves were trading at ₹259, commanding a grey market premium (GMP) of ₹43 or 19.9 per cent apiece, according to sources tracking unofficial markets. Borana Weaves IPO details Borana Weaves IPO received a solid response from investors, with the issue being oversubscribed by over 148.7 times. The portion reserved for non-institutional investors (NIIs) was oversubscribed by 237.42 times, Retail investors' portion was subscribed 200.5 times, and Qualified institutional buyers (QIBs) at 87.21 times. The ₹144.89-crore mainline IPO was an entirely fresh issue of 6.7 million equity shares. The company set the IPO price band in the range of ₹205 to ₹216. The public issue opened for subscription on Tuesday, May 20, 2025, and closed on Thursday, May 22, 2025. According to the Red Herring Prospectus (RHP), the company aims to utilise the net issue proceeds to finance a new grey manufacturing unit in Surat, Gujarat, fund incremental working capital, and general corporate purposes. About Borana Weaves Incorporated in 2020, Surat-based Borana Weaves is involved in the manufacturing and marketing of unbleached synthetic grey fabrics, catering primarily to the B2B segment. It specialises in manufacturing unbleached synthetic grey fabric, a key input for dyeing, printing, and finishing across industries like fashion, traditional technical textiles, interior design and home décor. It also produces polyester textured yarn (PTY), derived from polyester oriented yarn (POY), which is used in grey fabric production, ensuring vertical integration within its textile operations. The company operates three manufacturing units in Surat, Gujarat, equipped with textile manufacturing technologies for, inter alia, texturising, warping, water jet looms, and textile folding. As of December 31, 2024, the company had a total of 15 texturising machines, six warping machines, 700 water jet looms and 10 folding machines active at its three units.
Business Standard
7 days ago
- Business
- Business Standard
Benchmarks trade with major losses; auto shares in pressure
The headline equity benchmarks traded with significant losses in the morning trade, tracking weak global cues, as investor sentiment turned cautious ahead of key domestic economic data releases. The Nifty traded below the 24,800 level. Oil & Gas shares slipped after advancing for the past two consecutive trading sessions. At 10:30 ST, the barometer index, the S&P BSE Sensex, slipped 833.96 points or 1.01% to 81,342.49. The Nifty 50 index tanked 242.75 points or 0.97% to 24,759.45. In the broader market, the S&P BSE Mid-Cap index shed 0.28% and the S&P BSE Small-Cap index fell 0.01%. The market breadth was negative. On the BSE, 1,342 shares rose and 1,850 shares fell. A total of 149 shares were unchanged. New Listing: Shares of Borana Weaves was locked in upper circuit of 5% at Rs 255.10 at 10:19 IST on the BSE, representing a premium of 18.10% compared with the issue price of Rs 216. The scrip was listed at Rs 243.00, exhibiting a premium of 12.5% to the issue price. So far, the stock has hit a high of 255.10 and a low of 243 On the BSE, over 1.92 lakh shares of the company were traded in the counter so far. Earnings Today: Life Insurance Corporation of India (down 0.58/%), Bharat Dynamics (up 3.53%), Bosch (down 0.25%), DCX Systems (up 1.77%), Dynamatic Technologies (down 0.24%), EID Parry India (down 0.94%), Entero Healthcare Solutions (up 0.01%), Esab India (down 0.42%), Gujarat Fluorochemicals (up 0.06%), Gateway Distriparks (down 1.01%), Goodyear India (up 0.06%), Hindustan Copper (up 0.57%), ITI (up 9.02%), JK Lakshmi Cement (up 0.87%), Medplus Health Services (down 1.98%), Minda Corporation (up 1.62%), Info Edge (India) (up 0.04%), NMDC (up 1.39%), V2 Retail (up 1.52%) will announce their quarterly earnings later today. Buzzing Index: The Nifty Oil & Gas index fell 0.94% to 11,419.55. The index rose 0.35% in the previous two consecutive trading sessions. Mahanagar Gas (down 1.53%), Bharat Petroleum Corporation (down 1.44%), Gujarat State Petronet (down 1.32%), Indraprastha Gas (down 1.31%) and Petronet LNG (down 1.26%) were the top losers. Among the other losers were Reliance Industries (down 1.21%), Oil & Natural Gas Corpn (down 1.09%), GAIL (India) (down 0.98%), Hindustan Petroleum Corporation (down 0.94%) and Adani Total Gas (down 0.71%) tumbled. Stocks in Spotlight: Orchid Pharma tumbled 4.47% after the company reported a 32.4% decline in consolidated net profit to Rs 22.29 crore in Q4 FY25 as compared with Rs 32.96 crore in Q4 FY24. Net sales increased 9.4% YoY to Rs 237.48 crore in Q4 FY25. Awfis Space Solutions rose 0.17%. The companys consolidated net profit soared 713.8% to Rs 11.23 crore on 46.2% increase in net sales to Rs 339.69 crore in Q4 FY25 over Q4 FY24. Olectra Greentech tanked 5.56%. The company reported a 53.2% increase in consolidated net profit to Rs 21 crore on 55.4% rise in net sales to Rs 448.92 crore in Q4 FY25 over Q4 FY24. KEC International rallied 6.71% after the companys consolidated net profit jumped 76.7% to Rs 268.20 crore on 11.5% increase in revenue from operations to Rs 6,872.12 crore in Q4 FY25 over Q4 FY24.
