Borana Weaves IPO Allotment Status: Check Latest GMP, Steps to Verify Status

Borana Weaves, the Surat-based textile manufacturing company, launched its IPO on May 20, 2025. The bidding window for the IPO closed on May 22, 2025. The allotment process is expected to be finalised on May 23, 2025, with the company's shares set to be listed on both the BSE and NSE tentatively on Tuesday, May 27, 2025.

Know the procedure to check the allotment status on both NSE and BSE websites.

Steps to Check Borana Weaves IPO Allotment Status on NSE

Here is the process to check Borana Weaves IPO Allotment Status on NSE:

1. Open the Application Status page of NSE here. 
2. Choose 'Equity & SME IPO bid details'. 
3. Select 'Borana Weaves Ltd.' from the list of companies. 
4. Enter your IPO application number and PAN details. 
5. Click on the submit button to check the details of the share allotment. 

Steps to Check Borana Weaves IPO Allotment Status on BSE 

Here is the process to check Borana Weaves IPO Allotment Status on BSE 

1. Open the Application Status page of BSE here. 
2. Choose 'equity' as the issue type. 
3. Select 'Borana Weaves Ltd.’ from the list of companies. 
4. Enter your IPO application number and PAN details. 
5. Verify the captcha by clicking on the 'I am not a Robot' box. 
6. Click on the submit button to check the details of the share allotment.

Borana Weaves IPO Details

Borana Weaves Ltd.'s IPO was a book-built issue of ₹144.89 crore, consisting of a fresh issue of 67.08 lakh equity shares. The bidding window was open from May 20, 2025, to May 22, 2025. The issue price band was set in the range of ₹205 to ₹216 per share. Investors could apply with a minimum lot size of 69, requiring a minimum investment of ₹14,145.

On Day 3, Borana Weaves IPO saw a subscription rate of 81.40 times as of 5:12 p.m. on Thursday, May 22, 2025, as per the NSE data. The retail investor category led with a subscription of 103.34 times, while the Non-Institutional Investors (NII) saw a subscription of 120.14 times. The qualified institutional buyers (QIBs) saw a subscription of 54.73 times.

Beeline Capital Advisors Pvt Ltd was the book-running lead manager of the IPO, and Kfin Technologies Limited was the registrar.

Utilization of IPO Proceeds

The company will utilise the net proceeds from the issue towards the following objects:

• Proposing to finance the cost of establishing a new manufacturing Unit to expand its production capabilities to produce grey fabric at Surat, Gujarat, India.
• Funding incremental working capital requirements.
• General Corporate Purposes.

Borana Weaves Ltd. GMP Details

According to Business Standard, the Grey Market Premium (GMP) of Borana Weaves Ltd. was ₹40 as of May 23, 2025, 8:16 a.m. This indicates that the shares of the company are likely to be listed at ₹256, with a premium of 18.52% over the upper end of the price band.  

Borana Weaves Ltd Business 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.