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News Topical, Digital Desk : The week starting May 19 will see two new IPOs and three public issues in the SME segment. Surat-based textile company Borana Weaves will have its first IPO in the mainboard segment, which will open for public subscription on May 20 with a price band of Rs 205-216 per share. It plans to raise Rs 144.89 crore through a public offer of 67.08 lakh shares, consisting entirely of fresh issues. The offer will close on May 22.
The second IPO will be of Belrise Industries, which will open on May 21. The Pune-based automotive component manufacturer intends to raise Rs 2,150 crore through its first public issue at the upper end of the price band of Rs 85-90 per share. This is also a completely fresh issue, which will close on May 23.
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