Borana Weaves IPO Opens Tommorow: 5 Key Things to Know Before You Subscribe; Check GMP, Price Band & More

A fresh player in the IPO market, Borana Weaves Limited is all set to open its Initial Public Offering (IPO) for subscription on Tuesday, May 20. Based in Surat, Gujarat, this textile company specialises in the manufacturing of unbleached synthetic grey fabric, widely used in sectors like fashion, traditional wear, technical textiles, and home décor.

Here are 5 important things you must know before subscribing to the Borana Weaves IPO.

1. Borana Weaves IPO Dates and Issue Size

The Borana Weaves IPO will open for subscription on May 20, 2025, and will close on May 22, 2025. The size of this IPO is Rs. 144.89 crore, entirely of a fresh issue of 67 lakh equity shares. This capital will likely be used for working capital requirements, capacity expansion, and general corporate purposes.

2. Borana Weaves IPO Price Band and Lot Size

The price band for the Borana Weaves IPO is set between Rs. 205 and Rs. 216 per share. For retail investors, the minimum lot size is 69 shares, which means you'll need to invest Rs. 14,145 at the lower end of the band. However, to improve your chances of getting an allotment in case the IPO is oversubscribed, it's better to apply at the cut-off price of Rs 216, bringing your total investment to Rs 14,904. For High Net-worth Individuals (HNIs), the minimum application size is higher. Small HNIs (sNII) need to apply for 14 lots or 966 shares (Rs. 2,08,656), while big HNIs (bNII) must apply for 68 lots or 4,692 shares, amounting to Rs. 10,13,472.

3. Borana Weaves IPO GMP Today: Latest Grey Market Premium

As of May 19, 2025, the Borana Weaves IPO GMP (Grey Market Premium) stands at Rs. 55 per share as per data from the Investorgain website. With the upper price band at Rs 216, the expected listing price is around Rs 271, indicating a potential listing gain of approximately 25.46%.

4. Company Background: Who is Borana Weaves?

Incorporated in 2020, Borana Weaves Limited is a relatively young but fast-growing textile manufacturing company. It primarily produces unbleached synthetic grey fabric, which is a raw fabric commonly used for dyeing, printing, and further processing across multiple industries. The company has a manufacturing base in Surat, Gujarat, one of India's largest textile hubs.

5. Should You Subscribe to Borana Weaves IPO?

Borana Weaves IPO could be a good opportunity for investing in India's growing fabric and textile manufacturing industry. As per reports, the textile sector currently contributes about 2.3% to India's GDP and is a major part of the country's economy. Borana Weaves, as a company, has scalable operations and is part of a sector that has been a strong part of India's economy for centuries. With a strong grey market premium (GMP), there are chances of good listing gains as well as long-term growth. However, like any investment, it's important to look at the company's financial health, compare it with similar businesses, and understand its future plans before putting in your money.