Borana Weaves IPO subscription started on Tuesday, May 20, 2025, and will close on May 22, 2025, as per the schedule. The price band is set at ₹216 per share with a face value of ₹10.
Borana Weaves IPO Subscription Status
Borana Weaves IPO subscribed over 8.61x on its first day till 05.00 PM on 20th May 2025.
- Borana Weaves IPO subscription QIB investors portion is 1.54x times, while NII subscribed 11.60x times, and RII investors subscribed 25.34x times.
- The company has received bids for 3,17,74,155 shares against 36,89,457 shares on offer on the first day.
- Borana Weaves IPO subscribed over 8.61x on day 1.
About Borana Weaves IPO
Borana Weaves Ltd is a reputed name in textile manufacturing, known for delivering a smooth and efficient journey from fibre to fabric. Since its establishment in 2020, the company has focused on fast, high-quality production, powered by a modern manufacturing facility and advanced high-speed water jet looms, ensuring speed without sacrificing quality. Significantly, they have made 24 water jet weaving looms in their operations, and it’s the reason for improved production efficiency and product quality.
Borana Weaves has a mission regarding manufacturing capabilities and wants to explore new opportunities for its company’s growth. Apart from its mission for premium quality textiles and innovative products. From POY to PTY, and through warping, sizing, and weaving, its process showcases the skill behind textile making.
Borana Weaves IPO Company Financial Report
The company reported revenue of ₹199.60 crores in 2024 against ₹135.53 crores in 2023. The company reported a profit of ₹23.59 crores in 2024 against a profit of ₹16.30 crores in 2023.
Borana Weaves IPO GMP:
Borana Weaves IPO GMP was ₹63 as of Tuesday, 20th May. That indicates the IPO is trading at ₹279 with a ₹63 premium in the grey market against the issue price of ₹216.
