Upcoming IPOs: 4 new IPOs set to open for subscription next week; check details

The primary market will be abuzz with activity next week as two share sales via initial public offerings (IPOs) will open starting Tuesday, May 20. Apart from IPOs on the main board, two IPOs from the small and medium enterprise (SME) segment will also open for subscription, as per information on the stock exchanges.

Borana Weaves IPO

At the upper end of the price band, one lot of Borana Weaves shares will cost ₹14,904.

The company has reserved 75% shares in the IPO for large investors like banks, mutual funds and foreign institutional investors which fall under the category of Qualified Institutional Buyers (QIBs), 10% shares in the IPO are set aside for the retail investors and 15% are reserved for non-institutional investors.

The company will use the proceeds from the IPO to finance the cost of establishing a new manufacturing unit to expand its production capabilities, funding incremental working capital requirements and for general corporate purposes.

Borana Weaves Limited is a manufacturer of unbleached synthetic grey fabric based in Surat, Gujarat. The company's unbleached synthetic grey fabric is often widely used as a base for further processing (including dyeing and printing) in industries such as fashion, traditional textiles, technical textiles, home decor, interior design, etc.

The company also manufactures polyester textured yarn (“PTY Yarn”), which is produced by heating polyester-oriented yarn (“POY Yarn”), our raw material used in the production of grey fabric.

Belrise Industries IPO

At the upper end of the price band one lot of Belrise Industries shares is priced at ₹14,940.

The company has reserved 50% shares in the IPO for QIBs, 35% for retail individual investors and 15% for non-institutional investors.

Belrise Industries manufactures automotive sheet metal and casting parts, polymer components, suspension, and mirror systems specifically for two-wheel, three-wheel, and four-wheel passenger and commercial vehicles.

The company is an automotive component manufacturing company in India offering a diverse range of safety critical systems.

Dar Credit and Capital IPO

Dar Credit and Capital's share sale via IPO will begin on May 21 and close on May 23. The company is planning to raise around ₹26 crore and his fixed a price band of ₹57-60 shares. To subscribe to Dar Credit and Capital shares in the IPO, a retail investor has to place bid for minimum 2,000 shares. At the upper end of the price band one lot of Dar Credit and Capital shares will cost ₹1,20,000.

Dar Credit and Capital IPO is an SME IPO which will list on NSE SME.

The company has fixed 50% shares in the IPO for QIBs, 35% for retail investors and 15% for non-institutional investors.

Dar Credit and Capital Limited is a Non-Banking Finance Company (NBFC) offering personal loans, unsecured MSME loans and secured MSME loans.

The company also offers credit solutions to low-income individuals, especially those in class-four employment roles like cleaners and peons in municipalities.

Victory Electric Vehicle International IPO

Victory Electric Vehicle International share sale via IPO will begin on Tuesday, May 20 and close on May 23. The company is planning to raise ₹41 crore from the IPO and will be selling shares at ₹72 per share. A retail investor can place bid for Victory Electric Vehicle International shares for minimum 1,600 shares. One lot of Victory Electric Vehicle International shares is priced at ₹1,15,200.

Victory Electric Vehicle International IPO is an SME IPO which will list on NSE SME.

Victory Electric Vehicles International Limited designs, manufactures, and distributes electric vehicles.

The company provides sustainable and eco-friendly mobility solutions by offering a wide range of electric two-wheelers, three-wheelers, and commercial vehicles. Victory Electric Vehicles International Limited aims to contribute to the global shift towards green energy by promoting the adoption of electric transportation.