Borana Weaves IPO Day 2: Issue subscribed 20x so far; retail investors steal the show; check category-wise status

BSE data showed that by 1:13 PM, the issue was subscribed 8.70 times, while on NSE, the offer saw a subscription of 11.10 times. Hence, the total subscription so far stands at nearly 20 times.

Borana Weaves IPO subscription details so far

BSE data show that the portion reserved for qualified institutional buyers, or QIBs, was subscribed 1.62 times, while the the non-institutional investors(NIIS) category was subscribed 30.52 times. The retail individual investors (RIIs) category saw a subscription of a whopping 54.51 times.

So far, the issue received bids for 4,03,29,672 shares against the offered 36,89,457 shares, NSE data showed.

The shares of the Borana Weaves are to be listed on the exchanges on May 27, 2025.

Surat-based Borana Group is one of the largest producers of greige polyester woven fabrics in India, producing 220 million metres (22 crores) of high-quality synthetic and blended greige polyester fabrics annually through technology and sustainable practices.

The share sale is open for three days, i.e., from May 20 to May 22. The number of shares that have been put on the block is 36,89,457. The lot size, which means the minimum bid quantity, is 69 shares.

The price band of the issue is ₹205-₹216.

Beeline Capital Advisors is the book running lead manager to the issue, and KFin Technologies Limited is the registrar.