Borana Weaves IPO allotment to be finalised today: Here's how to check status, GMP and listing date

Economic Times

23-05-2025

The allotment for Borana Weaves' Rs 145 crore IPO is expected to be finalised today, May 23. Investors who applied for the IPO, which was open from May 20 to May 22, can now check their allotment status through the registrar, KFin Technologies, or on the BSE website.
ADVERTISEMENT The IPO saw a blockbuster response from investors, with an overall subscription of 148.77 times. The retail portion was subscribed 200.50 times, the NII (HNI) segment saw 237.41 times subscription, while the QIB portion was subscribed 87.21 times. The overwhelming demand indicates strong investor interest in the textile sector and confidence in Borana Weaves' business model.
Shares are expected to be credited to successful bidders' demat accounts by May 26, with refunds to unallotted investors also likely to be processed on the same day. The stock is set to debut on BSE and NSE on May 27.
Visit the BSE website: https://www.bseindia.com/investors/appli_check.aspxSelect 'Equity' and choose 'Borana Weaves' from the dropdown menu
ADVERTISEMENT Enter your application number or PANClick 'Search' to view the allotment status
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Visit: https://ris.kfintech.com/ipostatus/Select 'Borana Weaves IPO'
ADVERTISEMENT Enter your PAN, application number, or client IDClick 'Submit' to check your status
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As of the last update, the grey market premium (GMP) for Borana Weaves IPO was around Rs 60, indicating a possible listing price of Rs 276 against the issue price of Rs 216 — a potential listing gain of 27%.
The IPO was entirely a fresh issue of 67.08 lakh shares. Funds raised will be used to set up a new manufacturing unit, meet working capital needs, and for general corporate purposes.
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