| Surat-Based Textile Firm Grows 370% in 3 Years | Borana Weaves Anchor Book |
| Borana Weaves IPO GMP | Borana Weaves IPO Allotment |
Borana Weaves IPO subscription starts on 20 May 2025 and will close on 22 May 2025. The company plans to raise around INR 137.51 – 144.89 crore via the IPO. The price band is fixed at INR 205 – 216 per share. Borana Weaves IPO market lot has 69 shares, and the minimum application amount is INR 14,904. The retail quota is 10%, QIB is 75%, and NII is 15%.
Check Borana Weaves IPO Subscription Status here. The subscription figures are taken from BSE and NSE and are updated at regular intervals. Here you can find Borana Weaves IPO Subscription Status segregated by days and investor categories.
Borana Weaves IPO Subscription Status – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 20,12,457 | 10,06,200 | 6,70,800 | 36,89,457 |
| 22 May 2025 | 87.21 | 237.39 | 200.39 | 148.75 |
| 21 May 2025 | 1.76 | 53.07 | 77.16 | 29.46 |
| 20 May 2025 | 1.55 | 11.54 | 24.96 | 8.53 |
Shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.
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Borana Weaves – Business Background
Founded in 2020 and headquartered in Surat, Gujarat, Borana Weaves is a vertically integrated textile manufacturing company specializing in unbleached synthetic grey fabric—a foundational input in diverse downstream sectors including fashion apparel, home textiles, interior design, and technical textiles.
The company’s core operations revolve around synthetic fabric, particularly polyester-based materials, aligning well with India’s growing demand for synthetic textiles. With polyester consumption in India projected to grow from 4 million tonnes to 6.7 million tonnes by 2025, Borana Weaves is strategically positioned to capitalize on this trend.
Borana Weaves currently operates three manufacturing units in Surat with high utilization levels and is in the process of establishing a fourth unit to expand capacity. The company’s manufacturing infrastructure includes:
- 10 folding machines
- 700 water jet looms
- 15 texturizing machines
- 6 warping machines
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Investor Categories in Borana Weaves IPO Subscription
The three most important categories of IPO investors defined by SEBI are part of Borana Weaves IPO.
Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 25 crore.
Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.
Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 2,00,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.
The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).
Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. If the IPO-bound company does not fulfill this criterion, only 10% of shares are reserved for retail investors.
Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.
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Borana Weaves IPO Subscription Status FAQs
When will the Borana Weaves IPO subscription start?
Borana Weaves IPO subscription starts on 20 May 2025 and ends on 22 May 2025.
How to subscribe to Borana Weaves IPO?
You can subscribe to the IPO through ASBA and non-ASBA options. To use ASBA, login to your bank account and apply for the IPO online. Alternatively, you can download the form online or obtain a physical form, then submit the completed form to your broker or bank.
When will Borana Weaves IPO be listed?
Borana Weaves IPO will be listed on 27 May 2025, on the BSE and NSE stock exchanges.