IPO Calendar: Belrise Industries lead 4 IPOs that will rev up primary market next week

After a quiet spell in the Indian IPO market, next week is set to witness a flurry of public offers, led by Belrise Industries and Borana Weaves, who will launch their issues in the mainboard segment. Apart from these, two other SME companies are also planning to open their IPOs next week.

Here’s what’s on the IPO front next week:

Belrise Industries IPO

Pune-based auto component manufacturer Belrise Industries has fixed the price band for its Rs 2,150 crore initial public offering (IPO) at Rs 85-90 per share. The IPO will open for subscription on May 21 and close on May 23, with anchor bidding scheduled for May 20.

Investors can bid for a minimum of 166 equity shares and in multiples thereafter.

This is the third mainboard IPO of the current financial year, following Ather Energy and Borana Weaves.

The entire issue comprises a fresh offer of 23.89 crore equity shares, with no offer-for-sale component. Of the total offer, 50% is reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and 35% for retail investors.

The company plans to use Rs 1,618.1 crore from the net proceeds to repay debt, with the remainder allocated for general corporate purposes. As of March 2025, Belrise had total consolidated borrowings of Rs 2,904.5 crore, including non-fund-based borrowings and accrued interest, according to its draft papers.

Borana Weaves IPO

Borana Weaves, a synthetic textile manufacturer based in Surat, will open its Rs 144.89 crore initial public offering (IPO) on May 20. The three-day book-built issue, comprising a fresh issue of 67.08 lakh equity shares, will close on May 22.Priced in a band of Rs 205 to Rs 216 per share, the IPO is generating investor buzz with a grey market premium (GMP) of Rs 58 as of May 16, hinting at a potential 26.9% gain on listing.

Proceeds from the issue will be used to fund the establishment of a fourth manufacturing unit in Surat, support incremental working capital needs, and meet general corporate expenses.

Founded in 2021, Borana Weaves specializes in unbleached synthetic grey fabric, a foundational material used in various industries including fashion, home décor, and technical textiles. The company operates three units in Surat with 15 texturizing machines, 6 warping machines, 700 water jet looms, and 10 folding machines.

SME segment

Unified Data-Tech Solutions is set to open its IPO on May 22, closing on May 26. The company has priced its issue between Rs 260 and Rs 273, targeting to raise Rs 144.47 crore. The IPO will list on the BSE SME segment, with Hem Securities as the lead manager.

Meanwhile, Dar Credit and Capital will launch its IPO on May 21, closing on May 23, with a price band of Rs 57-60. The company plans to raise Rs 25.66 crore, and the shares will list on NSE SME, managed by GYR Capital Advisors.

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