Borana Weaves' ₹145 Crore IPO Opens on May 20: Check Issue Price, IPO Timelines, GMP and More
Borana Weaves Ltd, a Surat-based synthetic textile manufacturer, is set to launch its ₹144.89 crore initial public offering (IPO) on 20 May 2025.
IPO Details, Timeline and Key Dates
The Borana Weaves Ltd IPO is set to be open for subscription on 20 May 2025 until 22 May 2025. The basis of allotment is expected to be finalised on 23 May, with refunds likely to be initiated on 26 May 2025.
Shares are scheduled to be credited to investors' Demat accounts on the same day, and the company's stock is set to debut on the stock exchanges on 27 May 2025.
The book-built issue, priced in the range of ₹205 to ₹216 per share, comprises a fresh issue of 67.08 lakh equity shares with the minimum order quantity being 69. The offering is witnessing strong investor interest, supported by positive sentiment in the grey market.
Utilisation of Proceeds
The company plans to utilise the IPO proceeds to establish a fourth manufacturing unit in Surat, aiming to enhance its production capacity for synthetic grey fabric.
Additionally, funds will be allocated towards meeting working capital requirements and other general corporate purposes.
Grey Market Premium Signals Strong Demand
Borana Weaves' IPO has drawn investor attention, with the grey market premium (GMP) quoted at ₹64. This implies an expected listing price of ₹280 per share, suggesting a listing gain of over 30% from the upper band of the issue price.
Note: The Grey Market Premium (GMP) is not an official price and is based on Market Speculation.
Source: Financial Express Dated May 19, 2025
Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.
Company Overview
Borana Weaves Ltd is a textile manufacturing company engaged in the production of high-quality woven fabrics. The company specialises in crafting cotton and blended fabrics that cater to a diverse range of applications, including apparel, home textiles, and industrial use.
With vertically integrated operations, Borana Weaves handles processes from yarn procurement to fabric finishing, ensuring quality control across the value chain. Its manufacturing facilities are equipped with modern looms and finishing units, enabling efficient and scalable production.
The company serves both domestic and international markets, with a growing client base in export-driven segments.
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