Borana Weaves IPO Subscription Status: The Initial Public Offering of offering (IPO) of Borana Weaves, a manufacturer of unbleached synthetic grey fabric, received massive interest from investors as the share sale was fully booked within hours of opening for subscription on Tuesday, i.e. May 20. The company aims to raise Rs 144.89 crore through the IPO. Borana Weaves successfully raised Rs 65.20 crore from anchor investors in a bidding that ended on Monday, May 19, ahead of the public offering opening.

Borana Weaves IPO Subscription Status

According to NSE's data, Borana Weaves IPO has been subscribed 220% or 2.20 times till 11:21 am on Tuesday, the first day of subscription.  The quota for non-institutional investors was subscribed 2.58 times, or 158%, and the portion for retail investors was subscribed 8.24 times. Bookings for the qualified institutional buyers (QIBs) portion are still pending.

Strong sentiment in the grey market

Prior to its formal listing, Borana Weaves has been garnering interest in the black market. According to reports, its unlisted shares were trading at Rs 271, which represents a grey market premium (GMP) of Rs 55 per share, or 25.46%, over the Rs 216 upper band price.

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Borana Weaves IPO Details

Important Dates

The deadline for IPO subscriptions is Thursday, May 22, 2025. It is anticipated that the share allocation will be finalized on Friday, May 23. By Monday, May 26, investors should have credited shares in their demat accounts. On Tuesday, May 27, 2025, the company's shares are expected to go public on the BSE and NSE.

Lot Size, Investment Limit, and Price Band

A minimum investment of Rs 14,904 at the upper price band is required for retail investors to bid in a lot size of 69 shares. They can apply for up to 13 lots, or 897 shares, which would cost Rs 1,93,752.

Lead Manager and IPO Registrar

Beeline Capital Advisors is the only book-running lead manager for the issue, and KFIN Technologies is the IPO's registrar.

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