Borana Weaves Share Price: Borana Weaves shares made a decent debut on the stock exchanges on Tuesday after a stellar bidding session last week. The shares of synthetic grey fabric maker started their first ever trading at Rs 243 on both BSE and NSE, which is a premium of 12.50% over its IPO price of Rs 216 apiece.

Despite generating a lot of interest and a strong grey market premium (GMP), Borana Weaves' listing has fallen short of expectations and the GMP was indicating that the shares may list on a roughly 20–22% premium.

Post listing, the shares of Borana Weaves soared another nearly 5% to extend the gain over 18%, hitting the upper circuit, against ipo price. At around 10:33 am, the newly listed shares were trading at Rs 255.15, up 18.13% against the  IPO price. Last seen, the stock has only buy orders.

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Borana Weaves IPO Subscription Status

The IPO was subscribed 148.78 times within the three-day bidding period. According to data from the NSE, 200.53% of the quota set aside for retail individual investors was subscribed. On the other hand, 237.42 subscriptions were made for shares designated for non-institutional investors (NIIs). In comparison to the allocated quota, the Qualified Institutional Investors (QIIs) category received 87.21 times as many bids.

Details of Borana Weaves' IPO

IPO subscriptions were due on Thursday, May 22, 2025. On Friday, May 23, the share allocation is expected to be finalised. Shares should be credited to investors' demat accounts by Monday, May 26. The company's shares are anticipated to go public on the BSE and NSE on Tuesday, May 27, 2025.

To bid in a lot size of 69 shares, retail investors had to invest a minimum of Rs 14,904 at the upper price band. They may apply to up to 13 lots, or 897 shares, for Rs 1,93,752.

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