Borana Weaves IPO: What Gmp Signals Ahead of Share Listing on Bse, NSE

Borana weaves iPo: The Initial Public Offering (IPO) of Gujarat-Based Unbleched Synthetic Grey Fabric Manufacturer Borana Weaves Received Exceptional Demand, with the Issue Getting Overrsubscribed. Now, with Borana Weaves iPo Allotment Fixed, Investors Are Watching Out For Borana Weaves iPo Listing Date.

The public offer was open for subscription from May 20 to May 22. Stock exchanges – bse and nse.

Ahead of the share listing, investors are eyeing the trends on Borana weaves iPo Grey Market Premium (Gmp) in Order to Estimate the Listing Price. Here’s What Borana Weaves iPo Gmp Today Signals.

Borana Weaves iPo Gmp Today

Borana Weaves Shares are witnessing a Decent traction in the unlisted market with a strong green green market Premium (GMP). Borana Weaves iPo Gmp Today is 40 per share, according to stock market observers. This means that in the green market, borana weaves shares are trading higher by 40 than their issue price.

Considering Borana Weaves iPo Gmp Today, The Estimated Borana Weaves iPo Listing Price Today 256 per share, which is at a premium of 18.52% to the issue price of 216 per share.

Borana Weaves iPo Details

The bidding for borana weaves iPo commenced on tuesday, may 20, and concluded on Thursday, May 22. 216 per share. The company raised 144.89 Crore from the IPO which was elevated a fresh issue of 67.08 lakh equity shares.

Borana Weaves iPo was subscribed by a staggering 148.78 times in total. The Public Issue was Books 200.53 Times in the Retail Category, 87.21 Times in the Qualified Institute Buyers (QIBS) Category, and 237.42 times in the non -institutions (niii) Category, nii Data Showed.

Beeline Capital Advisors Pvt Ltd is the Book-Running Lead Manager of the Borana Weaves iPo, while Kfin Technologies is the IPO registrar.

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