Borana Weaves IPO Live Now: GMP Jumps 25% on Day 1, Check Price Band, Lot Size; Subscribe or Skip?

The Borana Weaves IPO opened for subscription on May 20 and has already caught the attention of investors, thanks to a strong grey market premium (GMP) and positive sentiment in the SME IPO space. The Surat-based textile manufacturing company is aiming to raise Rs. 144.89 crore through a fresh issue and is set to list on Dalal Street soon. With the IPO live now and subscription closing on May 22, retail and HNI investors are closely evaluating whether to bid.

Borana Weaves IPO GMP Today: May 20 Update

According to the latest data from Investors Gain, the Borana Weaves IPO GMP (grey market premium) as of May 20 stands at Rs. 55. The estimated listing price of Borana Weaves IPO is Rs. 271 which comprises the upper price band plus the premium. This translates to a potential listing gain of 25.46%, making it one of the more attractive IPOs currently open in the market.

Borana Weaves IPO Details

The Borana Weaves IPO has opened with a total issue size of Rs. 144.89 crore, comprising a fresh issue of 67 lakh equity shares.
The price range for the Borana Weaves IPO is between Rs. 205 and Rs. 216 per share, making it an attractive option for retail and HNI investors eyeing SME IPO opportunities in May 2025.

Minimum Investment Details

For retail investors looking to apply for the Borana Weaves IPO, the minimum investment starts with one lot of 69 shares. This will cost you Rs.14,145 if you apply at the lower end of the price band, which is Rs.205 per share, and Rs.14,904 at the upper end, which is Rs.216 per share.

If you're applying as a small high-net-worth individual (sNII), you'll need to buy a minimum of 14 lots, which comes to 966 shares. While large HNIs (bNII), the minimum application size is 68 lots, or 4,692 shares.

Borana Weaves Financial Performance

Ahead of its IPO debut, Borana Weaves Limited has seen financial health. As of December 31, 2024, the company reported total assets of Rs. 149.67 crore and revenue of Rs. 215.71 crore. It posted a net profit for the quarter at Rs 29.31 crore, which is good for a relatively young company. The net worth stood at Rs 76.55 crore, backed by healthy reserves and a surplus of Rs 56.87 crore. The company's total borrowings were Rs. 54.03 crore, with a moderate debt position.

What Market Experts Say About Borana Weaves IPO

"Borana Weaves' IPO offers a compelling short-term opportunity, with strong listing gain potential driven by robust growth, healthy margins, and attractive GMP. The company's niche positioning and integrated manufacturing give it an edge, but high regional concentration and raw material volatility remain key risks.

At a P/E of ~17.5x, valuations seem fair, making it a suitable pick for retail and HNI investors looking to capitalize on debut momentum while long-term investors may want to monitor execution and expansion before committing." said Gaurav Garg, Lemonn Markets Desk.

About Borana Weaves Limited

Incorporated in 2020, Borana Weaves Limited is a fast-growing textile manufacturer based in Surat, Gujarat and is one of India's largest textile hubs. The company specialises in producing unbleached synthetic grey fabric, a key raw material used for dyeing, printing, and further processing across multiple industries. Despite being a relatively new entrant, the company has shown promising growth in both scale and revenue.

For the IPO Beeline Capital Advisors Pvt Ltd is acting as the book-running lead manager, and Kfin Technologies Limited has been appointed as the official IPO registrar as per data from the Chittorgarh website.

Disclaimer: The recommendations made above are by market analysts and are not advised by either the author, nor GoodReturns. The author, nor the brokerage firm nor GoodReturns would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.