It was a bright debut for Borana Weaves on Dalal Street today. The textile player made an entry into the public markets, with its shares listing at a premium of Rs 243 on the Bombay Stock Exchange (BSE) and Rs 243 on the National Stock Exchange (NSE), 12.50% higher than the issue upper price band.
Let’s take a look the key highlights of this offering –
Borana Weaves IPO: About the Subscription details
The Borana Weaves IPO saw overwhelming demand from all investor categories on its three days subscription period. By the end of the bidding window on May 22, the issue was subscribed a massive 147.85 times. Retail investors led the charge, subscribing 200.50 times their reserved portion. Non-institutional investors (NIIs) were not far behind, bidding 237.41 times.
Qualified Institutional Buyers (QIBs) also showed interest, with a subscription rate of 85.53 times.
Borana Weaves IPO: Grey market buzz
A few hours ahead of its official listing, its shares were trading at a premium of around Rs 43. This hinted at a potential listing price of approximately Rs 259, which would be nearly 20% higher than the upper band of the IPO price.
Borana Weaves IPO: IPO details and timeline
Borana Weaves launched its Rs 144.89 crore IPO between May 20 and May 22, 2025. It was a completely fresh issue, offering 67 lakh shares to the public. The price band was set at Rs 216 per share.
Ahead of the opening of the issue, the company managed to raise Rs 65.20 crore from anchor investors on May 19.
Borana Weaves IPO: Who managed the IPO?
This mainboard issue was managed by Beeline Capital Advisors, and Kfin Technologies acted as the registrar.