Borana Weaves IPO Day 2: Check GMP, Subscription Status & Key Highlights
The bidding window for Boarana Weaves Ltd IPO opens on May 20, 2025, and will close 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.
Borana Weaves IPO Details
Borana Weaves Ltd. launched its IPO for public subscription on May 20, 2025. The bidding window for this IPO will close on May 22, 2025. The IPO is a book-built issue of ₹144.89 crore, consisting of a fresh issue of 67.08 lakh equity shares. Investors can apply with a minimum lot size of 69, requiring a minimum investment of ₹14,145. The issue price band is set in the range of ₹205 to ₹216 per share.
Beeline Capital Advisors Pvt Ltd is the book-running lead manager of the IPO, and Kfin Technologies Limited will be the registrar.
Borana Weaves IPO Day 2 Subscription Status
(May 21, 2025, 5 PM)
On Day 2, Borana Weaves IPO saw a subscription rate of 29.46 times as of 5 p.m. on Wednesday, May 21, 2025, as per the NSE data. The retail investor category led with a subscription of 77.16 times, while the Non-Institutional Investors (NII) saw a subscription of 53.07 times. The qualified institutional buyers (QIBs) saw a subscription of 1.76 times.
Borana Weaves IPO Day 1 Subscription Status
(May 20, 2025, 5 PM)
On Day 1, Borana Weaves IPO saw a subscription rate of 8.54 times as of 5 p.m. on Tuesday, May 20, 2025, as per the BSE data. The retail investor category led with a subscription of 25 times, while the Non-Institutional Investors (NII) saw a subscription of 11.55 times. The qualified institutional buyers (QIBs) saw a subscription of 1.55 times.
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 was ₹56 as of May 21, 2025, 9:26 a.m. This indicates that the shares of the company are likely to be listed at ₹272, with a premium of 25.93% over the upper end of the price band.
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Source: Business Standard Media Report dated 21 May, 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. |
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.
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