New Delhi: Borana Weaves IPO is making a buzz with its subscription rate on its second day of the bidding process. As of 21st May 2025, i.e., the second day of the IPO, it has been subscribed over 29 times. The IPO is aiming for a bookbuilding of Rs 144 crores. The price band is set at between Rs 205 and Rs 216 per share. Retail investors have to bid for a single lot (69 shares), for which the minimum investment has to be Rs 14,145, and at the cutoff price, the minimum investment would be Rs 14,904. According to BSE data, the concerned public issue received bids for 10.87 crore equity shares as against 36.89 lakh shares on offer.
In the retail segment, the public issue was subscribed to over 77 times, whereas in the qualified institutional buyers (QIBs) segment, the issue got subscribed to over 1.76 times. Additionally, the NIIs (Net Institutional Buyers) subscribed to the public issue over 57 times.
Borana Weaves IPO GMP
According to investorgain.com , Borana Weaves’ IPO last GMP (Grey Market Premium) is around Rs 60. With the price band of Rs 216.00, Borana Weaves IPO’s estimated listing price is Rs 276 (cap price + GMP). The expected percentage gain/loss per share is 27.78%. At around Rs 60, the grey market premium makes it appear an attractive proposition for investors.
Experts have pointed out that Borana Weaves IPO can be an attractive short-term opportunity. It indicates strong listing gain potential. The markers are robust growth, healthy margins and sound GMP. It enjoys a niche position. The integrated manufacturing operations lends it an edge. However, there are risks such as high regional concentration and volatility in raw material procurement.
Borana Weaves IPO allotment date
The book-building process started on 20th May 2025. The expected allotment is to be done on May 23, 2025. The tentative listing of the IPO is expected to be on May 29, 2025.
The lead manager for book running is Beeline Capital Advisor Pvt. Ltd., whereas Kfin Technologies is the registrar.
Borana Weaves Business
Borana Waeves, a Surat-based company, is in the business of producing unbleached synthetic grey fiber, which acts as a base material (intermediary) in dyeing and printing. The company operates three industrial plants based in Surat. The company plans to use the proceeds for establishing a new manufacturing unit in Surat and for working capital requirements.
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The Borana Weaves IPO, priced between Rs 205-216 per share, saw an overwhelming 29x subscription on its second day (May 21, 2025). Retail investors showed exceptional interest with a 77x subscription. A grey market premium (GMP) of around ₹60 suggests potential high listing gains, though experts caution about regional concentration risks. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
