The much-anticipated Borana Weaves IPO allotment has officially been finalized following a blockbuster subscription period. With overwhelming interest from investors, the IPO closed with a staggering 147.85 times oversubscription, underscoring strong market sentiment for this textile player.
Robust Demand Across Investor Categories
The public issue, open between May 20 and May 22, saw intense interest from all investor segments. Retail participation soared with 200.50 times subscription, while non-institutional investors (NIIs) went even further, subscribing 237.41 times. Meanwhile, qualified institutional buyers (QIBs) also showed solid interest with an 85.53 times subscription rate. This wave of enthusiasm led to a total of 54.5 crore share bids against just 36.89 lakh shares on offer.
Priced at ₹216 per share, the IPO consisted entirely of a fresh issue of 67.08 lakh equity shares. The proceeds are earmarked for setting up a new manufacturing unit in Surat, Gujarat, enhancing production capacity for synthetic grey fabric. Additional funds will support working capital needs and general corporate purposes.
How to Check Borana Weaves IPO Allotment Status
Investors can now check their IPO allotment status online. Here’s how:
| Step | Instructions |
|---|---|
| 1 | Visit Kfin Technologies Portal |
| 2 | Select ‘Borana Weaves Ltd’ from the dropdown |
| 3 | Enter your PAN, application number, or Demat ID |
| 4 | Complete the CAPTCHA |
| 5 | Click ‘Submit’ to view allotment status |
Alternatively, investors can verify their status on the NSE via this direct link.
Listing Expectations and Grey Market Buzz
The grey market premium (GMP) for Borana Weaves is generating significant chatter. As of now, its unlisted shares are trading at ₹256 — a notable 18.52% premium over the issue price. This suggests strong listing day optimism among market watchers. The official listing is scheduled for May 27 on both the NSE and BSE.
For retail investors, the minimum application size was 69 shares, requiring an investment of ₹14,145. Meanwhile, the minimum application for small NIIs was 966 shares (₹2,08,656), and for large NIIs, it was 4,692 shares (₹10,13,472).
Incorporated in 2020, Borana Weaves manufactures synthetic grey fabric — a critical input for the dyeing and printing industry. It plays a key role across sectors like fashion, interior design, and traditional textiles. With Beeline Capital Advisors managing the issue and KFin Technologies as the registrar, the IPO has received a largely positive response from market analysts, many of whom recommend it for long-term growth potential and possible listing gains.
Stay updated on NSE India and BSE India for further updates as Borana Weaves steps into the public market spotlight.