Belrise Industries vs Borana Weaves: Which IPO Is Better to Bid For? Check Details Here

Belrise Industries and Borana Weaves IPOs opened this week with very different price bands and market goals. One promises stable auto-sector exposure, the other high GMP gains. We break down the GMP trends, subscription data, and investment pros to help you decide.

By Aayushi Dubey Updated: May 21, 2025, 12:17 IST

Two IPOs are heating up the Indian stock market this week — one from auto components giant Belrise Industries, and the other from textile manufacturer Borana Weaves. Investors are now wondering which IPO offers better returns and stronger Grey Market Premium (GMP) prospects. Here's a comparison to help you decide.

Belrise Industries IPO: A Big Ticket Auto Sector Entry

The IPO of Belrise Industries (formerly Badve Engineering) opened for subscription on Wednesday, May 21, 2025, and will close on Friday, May 23, 2025.

IPO Size: ₹2,150 crore
Fresh Issue: 23.89 crore equity shares
Price Band: ₹85–₹90 per share
Minimum Retail Lot: 166 shares (₹14,110–₹14,940 approx.)
NII Bidding: Small NIIs – 14 lots (₹2,09,160), Big NIIs – 67 lots (₹10,00,980)

About the Company

Belrise Industries was founded in 1988 and operates in the automobile component sector. It supplies key parts like metal chassis, exhaust systems, polymer components, and suspension systems. It serves two-wheelers, passenger vehicles, commercial vehicles, and farm equipment.

At the upper end of the price band, the market capitalization of the company is approximately ₹8,008.91 crore.

GMP Update: As per market trackers on May 21 morning, Belrise Industries’ GMP stood at ₹18–₹22, indicating decent listing gains potential.

(Source: IPOWatch.in, Chittorgarh.com)

Borana Weaves IPO: A High Demand Textile Stock

The IPO of Borana Weaves Limited opened a day earlier on Tuesday, May 20, 2025, and will close on Thursday, May 22, 2025.

IPO Size: ₹144.89 crore
Fresh Issue: 67 lakh equity shares
Price Band: ₹205–₹216 per share
Minimum Retail Lot: 69 shares (₹14,145–₹14,904 approx.)
NII Bidding: Small NIIs – 14 lots (₹2,08,656), Big NIIs – 68 lots (₹10,13,472)

Investor Response on Day 1

The IPO saw strong interest, especially from retail buyers. On the first day alone:

Retail Subscription: 25.55 times
NII Subscription: 11.64 times
QIB Subscription: 1.54 times
Overall Subscription: 8.66 times

GMP Update: As of May 21, GMP for Borana Weaves IPO is reported at ₹80–₹85, suggesting a premium listing of over 35%.

(Source: IPO Central, IPOWatch.in)

Which IPO Should You Choose?

Belrise Industries Pros

Large-cap auto component player
Diversified client base across vehicle segments
Reasonable GMP for long-term investors

Borana Weaves Pros

Strong Day 1 subscription data
Higher GMP of up to ₹85
Smaller IPO size, which often leads to higher listing gains