Borana Weaves IPO: The Rs 144.89 crore worth IPO emerged as the best performer on the primary market for May month. On Day 3, Borane recorded an oversubscription of 148.78x, with strong demand from all categories of investors. The company will likely announce its allotment of shares on May 23, while its latest grey market premium (GMP) is hinting at over 18.5% listing next week.
Borane Weaves IPO Day 3 Subscription:
Borane Weaves IPO received bids of 54,89,17,425 equity shares, registering a subscription of 148.78 times compared with 36,89,457 equity shares that were offered.
Non-institutional investors (NII) were the largest bidders of the IPO, with the category oversubscribing by 239.74x, followed by 200.53x subscriptions from retail individual investors (RII). The qualified institutional buyers (QIBs) portion oversubscribed by 87.21x.
Gaurav Garg, Lemonn Markets Desk highlighted five key factors for Borane IPO:
1. Extremely High Oversubscription: The overall issue was subscribed 116.52 times, which is a strong indication of robust investor appetite. Particularly, the NII segment saw a record 213.87x subscription, with both bNII and sNII sub-categories displaying intense bidding activity.
2. Retail Investor Frenzy: The retail category was subscribed 174.80x, highlighting widespread retail interest. This suggests high optimism among individual investors, likely driven by strong brand perception, potential listing gains, and favorable industry trends.
3. Institutional Confidence: QIBs subscribed 48.41 times, underscoring strong institutional confidence in Borana Weaves' business model and long-term prospects. The participation of anchor investors further lends credibility and stability to the IPO.
4. Strong Funding Support in NII Category: The massive subscription in the bNII category (217.04x) reflects significant interest from HNIs and structured funding participants. This suggests a high level of confidence in short-term listing gains and a positive outlook on fundamentals.
5. Grey Market Premium (GMP) at 27.78%: The healthy GMP signals strong expected listing gains, supporting the view that investor sentiment is not only speculative but also driven by perceived intrinsic value.
"The Borana Weaves IPO has witnessed an overwhelmingly positive response across all investor categories, reflecting strong investor confidence and upbeat sentiment toward the company's growth prospects," Garg said in a note.
Borane Weaves IPO GMP:
As per Investor Grain, Borana Weaves IPO last GMP is Rs 40, last updated May 22nd 2025 10:02 PM. With the price band of 216.00, Borana Weaves IPO's estimated listing price is Rs 256 (cap price + today's GMP).The expected percentage gain/loss per share is 18.52%.
Borane Weaves IPO Allotment Status:
The allotment status will be carried on Friday, May 23. Investors can check their application status online through three methods.
To check allotment status on KFIN Technologies, click on the link below:
Firstly, select the IPO name which will be "Borana Weaves Limited" on Kfin. Then enter either of the options --- application number, demat account number, or PAN card number. After feeding the details, enter the captcha code in the right box, and click on SUBMIT lastly. Your application status will appear on the screen.
To check allotment status on BSE, click on the link below:
To review your application on BSE, firstly select between the option 'Equity' or 'Debt'. For Borane Weaves, click on 'Equity' option, then enter the issue name "Borane Weaves Limited'. After doing so, enter either application number of PAN card number. Lastly, click on SEARCH, your status will appear eventually.
To check allotment status on NSE, click on the link below:
Here, select the 'Equity & SME IPO bid details' option, then select the symbol of the IPO which will be 'BORANE'. Once again, enter either application or PAN card number before clicking on SUBMIT.
Borane Weaves IPO Listing:
After the allotment status, Borane will initiate refunds or credit shares to eligible shareholders on May 26. This will be followed by listing on May 27.
"Borana Weaves' IPO has seen resounding success, driven by strong fundamentals, favorable industry dynamics, and solid investor trust across the board. The high GMP of 27.78% further validates bullish sentiment and indicates a strong debut on the bourses. The exceptional subscription figures - especially from NIIs and retail investors - position Borana Weaves as one of the standout IPOs in recent times," Garg's note said.
Borane IPO opened for subscription from May 20th before ending on May 22nd. The price band was fixed at Rs 205 to Rs 216 per share.
About Borane Weaves Limited:
Borana Weaves Ltd. is a trusted name in textile manufacturing, providing a seamless journey from fibre to fabric, all under one roof. As one of India's leading producers of high-quality microfilament woven fabrics, we leverage cutting-edge technology to ensure superior quality.
Disclaimer: The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium 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.
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