Borana Weaves IPO: Allotment finals, do such checks or not; Listing can be done at 16% premium – Borana Weaves iPo Allotment Final Here is how to check status what is gmp signalling about share share listing on May 27

Borana weaves iPo: The public issue of Rs 144.89 crore of fabric manufacturer Borana Vivs opened on May 20 and closed on May 20. It received a total subscription of 147.85 times. After this, the allotment was also finalized on 23 May. Now the eyes are on the listing to be held on May 27 on BSE, NSE. If you look at the gray market, the company’s shares are trading at a premium of Rs 216 to Rs 35 or 16.20 percent. So far, the hope is listing on premium.

The price band of Rs 205-216 per share was fixed for Borana Weaves IPO and the lot size was 69 shares. The company raised Rs 65.20 crore from anchor investors before the opening of the IPO. 67.08 lakh new shares were issued in IPO. There was no offer for sale.

Those who have invested money in Borana Weaves IPO can check allotment status by visiting the website of its registrar KFIN Technologies and Stock Exchange BSE. Its process is like this …

From the website of Kfin Technologies

• Https://ris.kfintech.com/ipostatus/ and click on one of the 5 links given.
• After this, select Borana Weaves in the IPO in the open page.
• Now enter the details by selecting any one of the application number, PAN and Demat account.
• Add the captcha and click on the ‘Submit’ button.

After this, the details of the IPO allotment will be started.

₹ 1260 crore met by anchor investors like Goldman Sachs, HDFC MF, Issue will open on this price from 26 May

How to check on BSE

• Https://www.bseindia.com/investors/appli_check.aspx.
• Choose the type ‘equity’ of the issue.
• Choose Borana Weaves iPO from the Dropdown menu.
• Enter the application number or PAN details.
• Add ‘captcha’.
• Click on the ‘Search’ button.

How to use IPO money

Money acquired from Borana Weaves IPO will be used to set up a new manufacturing unit to increase the capacity of production of gray fabric in Surat, meet the growing needs of working capital and for general company objectives. Incore in 2020, the Borana Vives, is in the production of synthetic gray fabric without bleaching. This fabric works as a fundamental material for further processing such as dyeing and printing in various industries including fashion, traditional textile, home decor and interior design.

The company’s promoter Mangilal Ambalal Borana, Ankur Mangilal Borana, Rajkumar Mangilal Borana, Sound Ankur Barana, Mangilal Ambalal Borana HUF, Ankur Mangilal Borana HUF, Rajkumar Mangilal HUF, Rajkumar Mangilal HUF and Borana Philiatives are Private Limited.

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Disclaimer: Here information provided is being given only for information. It is necessary to mention here that the investment market in the market is subject to risks. Always consult experts before investing money as an investor. There is never advice to anyone to invest money on behalf of Moneycontrol.