Belrise Industries vs Borana Weaves IPO: In the IPO market, there is a stir over the IPO of Borna Vivs and Belarize Industries. Currently, both these IPOs are open for subscription. The IPO of Borna Vivs has been subscribed to about 29.5 times on the second day, while the IPO of Belarize Industries has been subscribed on the first day of bidding. Let us tell you what is the opinion of market experts on both these IPOs and their latest GMP.
Belarize Industries IPO-GMP
About 67 percent subscribers were subscribed by investors on the first day of Belarize Industries’ IPO of Rs 2150 crore. On the first day in terms of subscription, non-institutional investors (NII) have bid 1.44 times their reserved part. The price band of the IPO of Belarize Industries is Rs 85-90 per share. For this, the lot size of 166 shares has been kept. Investors can bid for this with an investment of Rs 14,940. This IPO can be subscribed by 23 May.
Before the list of NSE-BSE exchanges, the GMP of the IPO of Belarize Industries is running Rs 13-15 per share. According to Investor Gain, on May 21, the company’s unlisted shares were trading with 14.44 percent GMP from their IPO price. According to IPO Watch, the stocks were trading with GMP of Rs 15 per share.
Should you bid for Belarge Industries IPO?
Anand Rathi has advised investors to bid for Bellarize Industries IPO. The brokerage firm has given this IPO a ‘subscribe -long term’ rating. Geojit Financial Services has also given a ‘subscribe’ rating to Bellarize Industries. Bajaj Broking has also rated a ‘subscribe’ for a long period. Brokerage, expressing confidence in the company, said, investors can put funds for medium to long periods.
Borna Vivs IPO and Gmp
The IPO of Borna Vivs is a target of about Rs 145 crore on the price band of Rs 205-216 per share. Clothing company IPO has a fresh issue of 67.08 lakh shares. On May 20, the first day of the bid was seen by investors. By the end of the first day, the IPO was subscribed to 8.5 times, with the reserved part of the retail about 25 times. On the second day, retail investors subscribed to 77 times their reserved part.
The bid for the IPO of Borna Vivs can be bid till 22 May. Investors can bid for 69 shares with an investment of Rs 14,904. The company’s shares are likely to be listed on stock exchanges on 27 May.
Borna Vivs’ latest GMP
According to Investor Gain, on May 21, unlisted shares of Borna Vivs were trading at Rs 273 per share, which is 26 percent higher than its IPO price of Rs 216 per share. At the same time, according to IPO Watch, non-list stocks were trading at Rs 55 more than the IPO price of Rs 271 per share. However, the GMP of Borna Vivs witnessed a decline on May 21 as compared to the previous day as the GMP of the company was Rs 63 on the IPO Watch on 20 May.
Should you apply for Borna Vives IPO?
Gaurav Garg of Lemon Markets Desk on the IPO of Borna Vivs said, GMP of this IPO is attractive. It has opportunities in strong listing and short term. At the same time, Anand Rathi, while counting the features of the company’s business model, advised investors to invest in IPOs for a long period.
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