Borana Weaves Share Price Makes Strong Debut with 12.5% Premium Listing

Market Performance

Borana Weaves share price had an impressive debut on May 27, listing at ₹243 on the NSE and BSE.

This marks a 12.5% premium over its IPO issue price of ₹216.

• Listing Price: ₹243
• Issue Price: ₹216
• Premium on Listing: 12.5%

The robust listing highlights strong investor confidence and the growing appeal of textile sector IPOs.

Main News

The ₹144.89 Crore IPO of Borana Weaves was open from May 20 to May 22 and witnessed an overwhelming response.

• Total Shares Bid: 54.54 Crore
• Shares Available: 36.89 lakh
• Overall Subscription: 147.85 times

Breakdown of Subscription:

• Retail Investors: Subscribed 200.50 times
• Non-Institutional Investors (NIIs): Subscribed 237.41 times
• Qualified Institutional Buyers (QIBs): Subscribed 85.53 times

Such high subscription rates reflect strong interest across all investor categories.

Company Details

Founded in 2020, Borana Weaves Limited is a textile manufacturing firm based in Surat, Gujarat.

The company specializes in producing unbleached synthetic grey fabric, which serves as a base material for:

• Fashion and traditional textiles
• Home décor
• Interior design
• Technical textiles

Borana Weaves also manufactures polyester-textured yarn (PTY Yarn), which is created from polyester-oriented yarn (POY Yarn) and is a key input in grey fabric production.

The company operates three advanced manufacturing units in Surat, equipped with:

• Texturizing
• Warping
• Water jet looms
• Textile folding technology

IPO Structure

The Borana Weaves IPO was a completely fresh issue comprising 67 lakh shares, with:

• No offer-for-sale component
• Minimum Application Size: 69 shares
• Minimum Investment: ₹14,145 (for retail investors)

Utilization of IPO proceeds includes:

• Setting up a new grey fabric manufacturing facility in Surat
• Additional working capital
• General corporate purposes

Allocation Structure:

• QIBs: Not less than 75%
• NIIs: Up to 15%
• Retail Investors: 10%

Beeline Capital Advisors Pvt Ltd acted as the book-running lead manager, while Kfin Technologies Limited was the IPO registrar.

Summary of the Article

The Borana Weaves share price opened with a substantial 12.5% premium on its listing day, driven by massive investor interest and oversubscription across all segments. The company, which has rapidly established itself in textile manufacturing since 2020, will use the IPO funds to expand its production capabilities and meet general corporate needs. With modern infrastructure and a strategic focus on grey fabric and PTY yarn.