Overview

• Borana Weaves IPO, which closed on May 22, was oversubscribed 148.78 times, with retail investors leading at 200.53×.
• Non-institutional investors subscribed 237.42× their reserved quota, while QIBs subscribed 87.21×.
• The IPO raised Rs 144.89 crore through a fresh issue of 67.08 lakh shares priced between Rs 205–216 per share.
• Proceeds will fund a new manufacturing unit in Surat, boost working capital, and cover general corporate expenses.
• Grey market premium has moderated to Rs 40, suggesting potential listing gains of approximately 18.5% on May 27.