Textiles - Listed on 27 May 2025
Borana Weaves (Textiles) closed its IPO window in 2025 and listed on NSE and BSE on 27 May 2025 at an upper band issue price of Rs 216, opening at Rs 243 for a listing gain of +12.5% and closing day one at Rs 255.15 (+18.1% on closing basis). The IPO was subscribed 148.75x overall - QIB 87.21x, HNI/NII 237.39x, Retail 200.39x. The total issue size was Rs 144.89 Cr (Fresh Issue Rs 144.89 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Textiles
Borana Weaves operates in the Textiles space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Borana Weaves issue was offered at an upper price of Rs 216 and raised approximately Rs 144.89 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 65 | +30.09% |
| Day 2 | Rs 62 | +28.70% |
| Day 3 | Rs 56 | +25.93% |
| Day 4 | Rs 58 | +26.85% |
| Day 5 | Rs 58 | +26.85% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Borana Weaves IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Borana Weaves IPO listed at +12.5% versus the upper issue price of Rs 216 on 27 May 2025.
Borana Weaves IPO was subscribed 148.75x overall. QIB portion was subscribed 87.21x, HNI / NII 237.39x and Retail 200.39x.
IPO GMP started at Rs 65 on Day 1 and moved to Rs 58 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.