The ₹145-crore IPO, which was open for subscription from May 20 to 22, saw robust demand across investor categories. The IPO price band was fixed at ₹205-216 per share. The IPO was overall subscribed nearly 149 times, as per the NSE data.
Retail investors led the demand by subscribing their category more than 200 times, while the Non-Institutional Investors’ (NIIs) category was booked 237.42 times the allotted quota. The Qualified Institutional Buyers’ (QIB) segment also saw strong demand, with a subscription of 87.2 times.
How to Check IPO allotment status online
Investors can check their allotment status through either the BSE website or the IPO registrar, KFin Technologies.
Steps to check allotment status via BSE website:
1. Visit the BSE IPO allotment page.
2. Choose ‘Equity’ as the issue type.
3. Select ‘Borana Weaves’ from the dropdown.
4. Enter your PAN or application number.
5. Click ‘Search’ to view the allotment status.
Steps to check allotment status via KFin Technologies:
1. Go to KFin Technologies’ IPO status page: https://ris.kfintech.com/ipostatus/
2. Select any of the links from five options.
3. Choose ‘Borana Weaves’ from the list of issue names.
4. Enter your PAN, application number, or DP/Client ID.
5. Click ‘Submit’ to view the result.
Following the IPO allotment, the company is scheduled to process refunds and transfer shares to the Demat accounts on May 26. Shares of Boarana Weaves Ltd are expected to debut on both the BSE and NSE on Monday, May 27.
Before the public issue, Borana Weaves raised ₹62.5 crore from anchor investors. The IPO consists entirely of a fresh issue, with 67.08 lakh equity shares on offer.
The proceeds from the IPO will be used to establish a new manufacturing facility in Surat, Gujarat, for producing grey fabric, support additional working capital requirements and meet general corporate expenses.
About the Company
Established in 2020, Borana Weaves specialises in manufacturing unbleached synthetic grey fabric, which is a base material for dyeing, printing, and other processing. This fabric is widely used in sectors like fashion, traditional textiles, home décor, and interior design.
