Borana Weaves IPO Allotment Status to Be Finalised on May 23: Check the Step-by Step Process

Textile manufacturer Borana Weaves will finalise the allotment status of its Initial Public Offering (IPO) on Friday, May 23, after closing its subscription period.

The ₹145-crore Borana Weaves IPO, open for bidding from May 20 to May 22, saw exceptional investor interest. Priced in the range of ₹205–216 per share, the IPO was oversubscribed nearly 149 times, according to data from the National Stock Exchange (NSE).

Strong Investor Response Across Categories

• Retail Investors subscribed to their portion over 200 times.
• Non-Institutional Investors (NIIs) oversubscribed their share 237.42 times.
• Qualified Institutional Buyers (QIBs) saw a subscription of 87.2 times.

How to Check Borana Weaves IPO Allotment Status?

Investors can check their allotment status through the BSE website or via KFin Technologies, the official registrar.

Via BSE Website:

1. Visit BSE IPO Allotment Page
2. Select ‘Equity’ under Issue Type.
3. Choose ‘Borana Weaves’ from the dropdown.
4. Enter your PAN or application number.
5. Click Search to view your status.

Via KFin Technologies:

1. Go to: KFintech IPO Allotment
2. Select any of the five available links.
3. Choose ‘Borana Weaves’ under the list of IPOs.
4. Input your PAN, application number, or DP/Client ID.
5. Click Submit to check the result.

What’s Next?

• Refunds and share credits to Demat accounts are scheduled for May 26.
• Listing on NSE and BSE is expected on Monday, May 27.

Borana Weaves IPO Details

Before the IPO launch, Borana Weaves raised ₹62.5 crore from anchor investors. The offer includes a fresh issue of 67.08 lakh equity shares. Proceeds will be used to:

• Set up a new manufacturing unit in Surat, Gujarat, for grey fabric production.
• Support working capital needs.
• Cover general corporate expenses.

Also Read: Leela Hotels IPO Set to Open on May 26: All You Need to Know

About Borana Weaves

Founded in 2020, Borana Weaves manufactures unbleached synthetic grey fabric, used as a raw material in dyeing, printing, and processing. Its products cater to industries such as fashion, traditional textiles, home décor, and interior design.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.