Latest news with #MaheshM.Ojha
Mint
28-05-2025
- Business
- Mint
Belrise Industries IPO listing date today; GMP, experts signal strong debut of shares in stock market today
Belrise Industries IPO Listing: Belrise Industries shares are set to make their debut in the Indian stock market today after the conclusion of its initial public offering (IPO). Belrise Industries IPO listing date is today, May 28. The ₹ 2,150-crore worth public issue was open from May 21 to May 23. The IPO allotment was fixed on May 27, and Belrise Industries IPO listing date is May 28. Belrise Industries shares will be listed on both the stock exchanges - BSE and NSE. Ahead of the Belrise Industries IPO listing today, investors watch out the trends in the grey market premium to estimate the Belrise Industries IPO listing price. Belrise Industries IPO GMP today and analysts signal a share listing. Belrise Industries shares are showing a bullish trend in the unlisted market, with a positive grey market premium (GMP). Ahead of the share listing today, Belrise Industries IPO GMP today is ₹ 24 per share, according to stock market observers. This means that in the grey market, Belrise Industries shares are trading higher by ₹ 24 than their issue price of ₹ 90 per share. Considering the Belrise Industries IPO GMP today, the estimated listing price of Belrise Industries IPO shares is ₹ 114 apiece, which is at a 25% premium to the IPO price of ₹ 90 per share. Analysts also expect Belrise Industries shares to list at a decent premium after strong demand for its IPO. 'The anticipated listing price for Belrise Industries is around 20-25% premium over the issue price of ₹ 90. Investor interest remains strong. This enthusiasm is driven by Belrise's broad product offering, emphasis on EV and commercial vehicle segments, and its partnerships with OEMs,' said Mahesh M. Ojha, AVP - Research and Business Development at Hensex Securities Pvt Ltd. Given the prevailing market sentiment and the high level of oversubscription, Prashanth Tapse, Sr VP Research – Research Analyst at Mehta Equities Ltd anticipates a listing premium in the range of 20%–25% over the issue price. 'This expectation is supported by the healthy subscription figures and the company's strong fundamentals. Belrise has attracted investor interest by offering shares at a reasonable valuation, making it an appealing opportunity in the automotive manufacturing space. The company commands approximately 24% market share in India's two-wheeler metal components segment, underlining its leadership position. Additionally, Belrise has demonstrated consistent and strong revenue growth, further reinforcing its investment appeal,' Tapse said. The bidding for Belrise Industries IPO commenced for subscription on Wednesday, May 21, and concluded on Friday, May 23. The IPO allotment was finalized on May 26, and Belrise Industries IPO listing date is today, May 28. Belrise Industries shares will be listed on BSE and NSE. The ₹ 2,150-crore worth Belrise Industries IPO was entirely a fresh issue of 23.89 crore equity shares. The funds were raised at a price band of ₹ 85 to ₹ 90 per share. Belrise Industries IPO received stellar demand as the issue was subscribed 41.30 times in total. The public issue was subscribed 4.27 times in the retail category, 108.35 times in the Qualified Institutional Buyers (QIBs) category, and 38.33 times in the Non Institutional Investors (NII) category. Axis Capital, HSBC Securities & Capital Markets Pvt Ltd, Jefferies India, SBI Capital Markets are the book running lead managers of the Belrise Industries IPO, while Link Intime India Private Ltd is the IPO registrar. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
27-05-2025
- Business
- Mint
Borana Weaves Share Price Live: GMP, experts hint strong share debut on the stock exchanges today
Borana Weaves Share Price Live: Borana Weaves shares are scheduled to be listed on Indian stock exchanges today after the firm's initial public offering (IPO) closed on May 22. Borana Weaves IPO was open for subscription from May 20 . The Borana Weaves IPO listing date is set for today, May 27. Borana Weaves shares will be available on both the BSE and NSE stock exchanges. Trading Members of the Exchange have been informed that starting Tuesday, May 27, 2025, the equity shares of BORANA WEAVES LTD will be listed and permitted for trading on the Exchange under the 'T' Group of Securities, as per a notice from BSE. For a period of 10 trading days, Borana Weaves shares will be part of the Trade-for-Trade segment. Additionally, the shares will be included in the Special Pre-open Session (SPOS) on Tuesday, May 27, 2025, as mentioned in the notice. Borana Weaves shares will be accessible for trading starting at 10:00 AM on both BSE and NSE. Borana Weaves Limited is a manufacturer of unbleached synthetic grey fabric based in Surat, Gujarat. The company's unbleached synthetic grey fabric is often used as a base for further processing, including dyeing and printing, across various industries such as fashion, traditional textiles, technical textiles, home decor, and interior design. According to Mahesh AVP Research and Business Development, Hensex securities Pvt Ltd, Borana Weaves has indeed seen a strong response from all categories of investors particularly the NIIs and retail segment. Given the strong subscription numbers and a current grey market premium of ₹ 35, we're looking at a potential listing around ₹ 251, which is about a 16% gain over the issue price of ₹ 216. Let's check what does Borana Weaves IPO GMP today signal ahead of listing. Borana Weaves IPO grey market premium is +43. This indicates Borana Weaves share price were trading at a premium of ₹ 43 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Borana Weaves share price was indicated at ₹ 259 apiece, which is 19.91% higher than the IPO price of ₹ 216. According to the grey market activities from the past 15 sessions, the current IPO GMP is on the rise, anticipating a robust listing. The minimum GMP recorded is ₹ 0.00, while the maximum GMP reaches ₹ 63, as per the insights from experts. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
27-05-2025
- Business
- Mint
Borana Weaves IPO listing date today. Latest GMP, analysts signal positive share debut on BSE, NSE
Borana Weaves IPO Listing: Borana Weaves shares are set to get listed on the Indian stock exchanges today after the conclusion of the company's ₹ 144.89-crore worth initial public offering (IPO). Borana Weaves IPO listing date is today, May 27. Borana Weaves shares will be listed on both the stock exchanges, BSE and NSE. Borana Weaves IPO was open from May 20 to May 22. 'Trading Members of the Exchange are hereby informed that effective from Tuesday, May 27, 2025, the equity shares of BORANA WEAVES LIMITED shall be listed and admitted to dealings on the Exchange in the list of 'T' Group of Securities,' a notice on BSE said. Borana Weaves shares will be in the Trade-for-Trade segment for 10 trading days. The stock will be a part of Special Pre-open Session (SPOS) on Tuesday, May 27, 2025, the notice added. Borana Weaves shares will be available for trading from 10:00 AM on BSE and NSE. Ahead of the Borana Weaves IPO listing today, investors watch out for the trend in the grey market premium (GMP) to gauge the listing price. Borana Weaves IPO GMP today and analysts signal a positive listing of Borana Weaves shares today. Here's a look at what Borana Weaves IPO GMP today ahead of listing indicates: Borana Weaves shares are witnessing a bullish momentum in the unlisted market with a strong GMP ahead of listing today. According to stock market observers, Borana Weaves IPO GMP today ranges between ₹ 35 to ₹ 43 per share. This means that in the grey market, Borana Weaves shares are trading higher by ₹ 43 than their issue price. Considering Borana Weaves IPO GMP today, the estimated Borana Weaves IPO listing price would be ₹ 259 per share, which is at a premium of 20% to the issue price of ₹ 216 per share. Analysts also expect Borana Weaves IPO listing to be at a decent premium. 'Borana Weaves has indeed seen a strong response from all categories of investors, particularly the NIIs and retail segment. Given the strong subscription numbers and a current grey market premium of ₹ 35, we're looking at a potential listing around ₹ 251, which is about a 16% gain over the issue price of ₹ 216,' said Mahesh M. Ojha. AVP Research and Business Development at Hensex securities Pvt Ltd. Borana Weaves boasts the highest EBITDA margin (21%) and industry-leading return ratios ROE of 65.69% and ROCE of 36.29% in FY24 far ahead of its peers. Avinash Gorakshakar, Head of Research at Profitmart Securities expects Borana Weaves shares to open strongly as the company is a well established player in the yarn market and caters to a large well-established customers who patronise its quality. Vinit Bolinjkar, Head of Research, Ventura Securities said that the Borana Weaves share price is richly valued, noting that the company raised money at 10X EV /EBIDTA on assumed FY25 earnings. The initial public offering (IPO) of Gujarat-based unbleached synthetic grey fabric manufacturer Borana Weaves commenced for public subscription on Tuesday, May 20, and concluded on Thursday, May 22. The IPO allotment was fixed on May 23, and Borana Weaves IPO listing date is today, May 27. The company raised ₹ 144.89 crore from the IPO at a fixed price band of ₹ 216 per share. Borana Weaves IPO was entirely a fresh issue of 67.08 lakh equity shares. The public issue was subscribed by a staggering 148.78 times in total. The IPO was booked 200.53 times in the retail category, 87.21 times in the Qualified Institutional Buyers (QIBs) category, and 237.42 times in the Non Institutional Investors (NII) category, NSE data showed. Beeline Capital Advisors Pvt Ltd is the book-running lead manager of the Borana Weaves IPO, while Kfin Technologies is the IPO registrar. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
