SOURCE : NEW18 NEWS
Last Updated:May 20, 2025, 15:35 IST
Borona Weaves IPO: The Borana Weaves IPO is a bookbuilding of Rs 144.89 crore. The issue is entirely a fresh issue of 0.67 crore shares.
The company operates in the manufacture of unbleached synthetic grey fabric.
Borana Weaves IPO GMP Today: The IPO of Gujarat (Surat) based company Borana Weaves Limited opened for subscription today i.e. Tuesday (May 20), which will close on May 22 (Thursday). Allotment of shares for Borana Weaves IPO, a company manufacturing unbleached synthetic grey fabric, is expected to be finalised on Friday, May 23, 2025.
Borana Weaves shares will be listed on both major exchanges BSE and NSE. The likely date of listing of shares (Borana Weaves IPO Listing Date) has been fixed as Tuesday, (May 27, 2025).
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Borana Weaves Subscription Status
As of May 20, 2025, 3:06 PM, Borana Waves Limited IPO has received a strong response from investors, with a total of 2,21,99,232 shares bid against the 36,89,457 shares offered, marking an overall subscription of 6.02 times. The retail investor segment led the demand with a whopping 20.81 times oversubscription, receiving bids for over 1.39 crore shares.
Borana Weaves Price Band
A price band of Rs 205 to Rs 216 per share has been fixed for Borana Weaves IPO. The minimum lot size (Borana Weaves Lot Size) for application is 69 i.e. at least 69 shares can be purchased in one lot.
Beeline Capital Advisors Pvt Ltd is the book-running lead manager of the Borana Weaves IPO, while KFin Technologies Ltd is the registrar to the issue. The company’s shares are performing well in the grey market amid the opening of subscriptions and its grey market premium is positive.
Borana Weaves Minimum Investment
The minimum investment amount required by retail investors for this IPO is Rs 14,145 as per the lower price band while the minimum investment amount as per the upper price band is Rs 14,904.
The minimum lot size investment for SNII is 14 lots (966 shares) and as per the upper price band its amount is Rs 2,08,656, and for BNII it is 68 lots (4,692 shares), amounting to Rs 10,13,472.
Borana Weaves IPO Latest GMP
According to various websites covering the grey market, Borana Weaves shares are in good demand and its grey market premium (GMP, Grey Market Premium) is positive. The latest GMP of Borana Weaves IPO on various websites is Rs 63 as of now.
This means that the potential listing of the company’s shares is likely to be at Rs 271 against the upper price band of Rs 216 which reflects a premium of 25.46 per cent.
Borana Weaves IPO Issue Size
The Borana Weaves IPO is a bookbuilding of Rs 144.89 crore. The issue is entirely a fresh issue of 0.67 crore shares.
The Borana Weaves IPO has raised Rs 65.20 crore from anchor investors.
The promoters of the company include Mangilal Ambalal Borana, Ankur Mangilal Borana, Rajkumar Mangilal Borana, Dhwani Ankur Borana, Mangilal Ambalal Borana HUF, Ankur Mangilal Borana HUF, Rajkumar Mangilal HUF and Borana Filaments Private Limited Company. All of them hold a total of 87.19% shares.
Borana Weaves IPO: Should You Subscribe?
Bajaj Broking has issued a positive recommendation for the Borana Weaves IPO, advising investors to subscribe with a long-term perspective. Their endorsement is based on the company’s robust financial performance, highlighted by significant growth in both revenue and net profit over recent years.
At a P/E of ~17.5x, valuations seem fair, making it a suitable pick for retail and HNI investors looking to capitalize on debut momentum—while long-term investors may want to monitor execution and expansion before committing,” Gaurav Garg, Lemonn Markets Desk
About Borana Weaves: Know about the company
Borana Weaves Limited was established in Surat, Gujarat. The company operates in the manufacture of unbleached synthetic grey fabric. The company’s unbleached synthetic grey fabric is often widely used as a base for further processing including dyeing and printing in industries such as fashion, traditional textiles, technical textiles, home decor, interior design etc.
The company also manufactures polyester textured yarn (PTY yarn), which is produced by heat spinning polyester oriented yarn (POY yarn), which is our raw material used in the production of grey fabric. The company has three manufacturing units in Gujarat where fabric production operations for texturizing, warping, water jet loom and textile folding are carried out.
- First Published:
May 20, 2025, 15:16 IST
