New Delhi:

The Borana Weaves IPO allotment is expected to take place on May 23, while the shares will list on BSE, NSE with a tentative listing date fixed as May 27, 2025. The refunds process is likely to start on 26th May and the shares are expected to be credited to the demat accounts of eligible shareholders on the same date.

Investorgain reported that the Borana Weaves IPO GMP stood at Rs 61 as par the latest sata available on May 16. With the price band of Rs 216, Borana Weaves shares are projected to be listed at Rs 277 per equity share, indicating a gain of 28 percent.

Borana Weaves Limited was established in 2020 and is engaged in the manufacturing of unbleached synthetic grey fabric based in Surat, Gujarat. The unbleached synthetic grey fabric is used as a base for further processing in industries such as home decor, interior design, traditional textiles, technical textiles, fashion, etc.

Borana Weaves IPO, which is creating a buzz in the grey market, is all set to open for public subscription on May 20, 2025. The public offer will be open for three days and end on 22nd May. The IPO is a bookbuilding of Rs 144.89 crore, which is entirely a fresh issue of 0.67 crore shares.

Borana Weaves IPO price band is set at Rs 205 to Rs 216 per share. The retail investors are required to bid for a minimum lot size of 69 shares for which the minimum amount of investment required by retail investors is Rs 14,145. The NII category investors are mandated to apply for 14 lots, amounting to Rs 2,08,656, and the investors applying in the bNII portion, will have to bid for 68 lots, amounting to Rs 10,13,472.

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