Borana Weaves IPO has taken the primary market by storm! On Day 2, the IPO received an overwhelming response with total subscriptions hitting 22.81 times. A strong grey market premium (GMP) of ₹56–₹60 adds to the growing optimism among retail investors and high-net-worth individuals (HNIs) as the issue heads into its final day on May 22, 2025.
Borana Weaves IPO Overview
Borana Weaves Limited, a Gujarat-based textile company, focuses on manufacturing unbleached synthetic grey fabric and polyester textured yarn. Through this IPO, the company aims to raise ₹144.89 crore via a fresh issue of 67.08 lakh shares at a fixed price of ₹216 per share.
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IPO Closes: Thursday, May 22, 2025
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Listing on: NSE SME & BSE SME on May 27, 2025
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Lot Size: 69 shares
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Minimum Retail Investment: ₹14,145
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Lead Manager: Beeline Capital Advisors
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Registrar: Kfin Technologies
Day 1 & Day 2 Subscription Status
The IPO garnered excellent traction right from Day 1, and the momentum only surged on Day 2.
Subscription Snapshot (as of May 21, 2:52 PM):
| Investor Category | Subscription (x) |
|---|---|
| Retail Investors | 63.86x |
| HNIs/NII | 37.75x |
| QIBs | 1.66x |
| Total | 22.81x |
Such enthusiastic participation, especially from the retail segment, highlights strong investor confidence in Borana Weaves’ growth story.
Latest GMP, Listing Price Expectations & Valuation
The IPO is commanding a GMP of ₹58–₹60, suggesting a likely listing price of ₹272–₹275, which translates to a 27% premium over the issue price.
While a rising GMP indicates positive sentiment in the unlisted market, remember this is not an official guarantee of listing performance. GMPs can fluctuate based on demand, news flow, and market liquidity, so investors should look at fundamentals too.
Valuation Metrics:
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P/E Ratio: 17.5x (based on average EPS of ₹8.77)
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Post-IPO P/BV: 2.60x
These valuations are considered reasonable for a textile player with a niche in synthetic grey fabrics and yarns.
Borana Weaves IPO Dates
| Event | Date |
|---|---|
| IPO Open | May 20, 2025 |
| IPO Close | May 22, 2025 |
| Basis of Allotment | May 23, 2025 |
| Refunds | May 26, 2025 |
| Shares in Demat | May 26, 2025 |
| Listing Date | May 27, 2025 |
How to Apply for Borana Weaves IPO: Step-by-Step Guide
Applying for the IPO is quick and seamless through your UPI-enabled app or trading platform:
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Login to your broker or UPI app
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Navigate to the IPO section
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Select Borana Weaves IPO
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Choose the cut-off price (₹216)
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Submit the bid and approve the UPI mandate before 5 PM on May 22
Expert Verdict: Subscribe or Avoid?
Market analysts believe that Borana Weaves offers strong short-term listing gains driven by its robust demand, healthy GMP, and fair pricing. However, long-term investors should be cautious and monitor the company’s post-listing performance, considering industry risks like:
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Raw material price volatility
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Concentration risk in Western India operations
Conclusion
With a stellar subscription, solid GMP, and fair valuations, Borana Weaves IPO looks promising for short-term listing gains. Long-term investors may wait and watch the company’s post-listing performance before committing larger capital.
With sky-high demand, a solid grey market premium, and compelling valuations, Borana Weaves IPO seems well-positioned for a blockbuster listing. If you’re aiming for short-term profits, this could be your chance.
But don’t delay—May 22 is the final bidding day.
📌 Pro Tip: Always invest as per your risk profile and financial goals. IPOs can offer gains, but come with inherent risks.
Also Read:
Borana Weaves IPO-Check Latest GMP and Subscription Status on Day 1
Belrise Industries IPO Opens: Check Latest GMP, Subscription Trends, and All You Need to Know!
Disclaimer: The views and investment insights provided here are based on publicly available information and do not constitute financial advice. Readers are advised to conduct their own research or consult certified financial experts before making investment decisions.
