Borana Weaves IPO GMP: If you are considering betting on an IPO, there is some useful news for you. Another company’s IPO is coming in the coming week.
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Borana Weaves IPO GMP Dates
Borana Weaves Limited’s IPO, i.e. Initial Public Offering, is opening on 20 May. Investors will be able to bid for this issue till 22 May. The company’s shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on 27 May.
Borana Weaves IPO GMP Price Band
The company Borana Weaves on Friday said it has fixed a price range of Rs 205-216 per share for its Rs 145 crore IPO.
Borana Weaves IPO GMP: Grey Market Price
The company’s IPO is available in the grey market at a premium of Rs 63. This means that the company’s shares can be listed at Rs 279. This means that investors can make a profit of up to 30% on listing.
Borana Weaves Limited Company Statement
The company said in a statement that the issue will come to the capital market for applications on 20 May, while bidding for anchor investors will open for a single day on 19 May. At the upper end of the price range, the company expects to raise about Rs 144.89 crore from the initial public offering (IPO).
Investors can bid for a minimum of 69 shares and in multiples thereof. According to the company’s IPO document, this is a completely fresh issue of 67.08 lakh equity shares. The company’s shares will be listed on the BSE and the National Stock Exchange.
Borana Weaves Company’s Plan
The proceeds from the IPO will be used to set up a new manufacturing unit to enhance the production capacity of grey fabric in Surat, to meet the increased working capital requirements and for general company purposes.
Chairman and Company MD said: Mangilal Ambalal Borana, Chairman and Managing Director, Borana Weaves, said, “This move is in line with our long-term strategy to expand operations while focusing on product quality and operational efficiency.”
Borana Weaves IPO GMP Reserves
The company has reserved at least 75% of the offering for qualified institutional buyers (QIBs), a maximum of 10% for retail investors and a maximum of 15% for non-institutional investors (NIIs).
About the Borana Weaves Company
- Borana Weaves Limited: Location
- Borana Weaves Limited is a leading company based in Surat, Gujarat.
- The company was founded in 2020
Borana Weaves Limited Works: Borana Weaves Limited Works in making unbleached synthetic grey fabric. This grey fabric is used in industries like fashion, traditional textiles, technical textiles, home decor and interior design. The company also manufactures polyester textured yarn (PTY Yarn), which is made by heating polyester oriented yarn (POY Yarn). This POY yarn is used as raw material in the production of grey fabric.
Borana Weaves Limited is going public with it's IPO Stay Tuned For More Such Updates! #NSE #marketofstocks #sharemarketindia pic.twitter.com/gyNjNbGZfG
— Konexio Network (@KonexioNetwork) May 18, 2025
Borana Weaves Limited Manufacturing Unit
Borana Weaves Limited operates three manufacturing units in Surat, Gujarat, equipped with textile manufacturing technologies such as texturising, warping, water jet looms and textile folding. As of September 30, 2024, the company had a total of 15 texturising machines, 6 warping machines, 700 water jet looms, and 10 folding machines active across its three units.
Jay Chavda He is the Founder and Writer of businesspulsecare.com. He is an I.T Engineer, Freelancer, Businessman. He posts Business, Stock/Share Market, Finance Related News and updates on the website. 🔗