Overview

• Borana Weaves opens trading on Dalal Street with an unofficial market premium of Rs 43-45 per share, pointing to listing gains of around 20-22%.
• The IPO, priced between Rs 205 and Rs 216 per share, attracted bids totalling nearly Rs 11,783 crore and was subscribed 148.78 times overall.
• Retail investors subscribed 200.53 times, non-institutional investors 237.42 times and qualified institutional buyers 87.21 times during the three-day offering.
• The company raised Rs 144.89 crore through a fresh issue of 67.08 lakh shares after securing Rs 65.20 crore from anchor investors.
• Incorporated in 2020, Borana Weaves produces unbleached synthetic grey fabric for sectors including fashion, home decor and technical textiles.