Borana Weaves Share Price Updates: Stock ends at ₹255.15 apiece on NSE, 18.13% premium to IPO price

Borana Weaves Share Price Live Updates: Borana Weaves share price made a strong debut on the bourses today. On NSE and BSE, Borana Weaves share price opened at ₹243 per share, 12.50% higher than the issue price of ₹216.

Borana Weaves share price ended listing day at ₹255.15 on NSE, a 18.13% premium to the IPO price of ₹216, and at ₹255.10 on BSE, an 18.10% premium.

Borana Weaves shares were scheduled to be listed on Indian stock exchanges today after the firm's initial public offering (IPO) closed on May 22. Borana Weaves IPO was open for subscription from May 20 . The Borana Weaves IPO listing date was for today, May 27. Borana Weaves shares are available on both the stock exchanges, BSE and NSE.

For a period of 10 trading days, Borana Weaves shares will be part of the Trade-for-Trade segment. 

Borana Weaves Limited is a manufacturer of unbleached synthetic grey fabric based in Surat, Gujarat. The company's unbleached synthetic grey fabric is often used as a base for further processing, including dyeing and printing, across various industries such as fashion, traditional textiles, technical textiles, home decor, and interior design.

Borana Weaves Share Price ends at ₹255.15 apiece on NSE, 18.13% premium to IPO price

Borana Weaves share price ended listing day at ₹255.15 on NSE, a 18.13% premium to the IPO price of ₹216, and at ₹255.10 on BSE, an 18.10% premium.

Borana Weaves IPO - Stock at 5% upper circuit

Borana Weaves share price soared to hit 5% upper circuit after listing at premium. At 14:33 IST, Borana Weaves share price was trading at ₹255.15 apiece on the NSE, and at ₹255.10 per share on the BSE.

Borana Weaves IPO - All you need to know about Financials 

Borana Weaves has shown impressive growth over the last three fiscal years. In FY 2024, the company disclosed revenue of ₹199.10 crore, representing a significant rise from ₹135.40 crore in FY 2023 and ₹42.30 crore in FY 2022.

Borana Weaves IPO - Post listing Views for long-term investors

“Borana’s fundamentals look promising integrated operations, margin expansion, and niche positioning give it an edge. At a P/E of ~24x at upper end price, valuations are reasonable. If the company continues to execute well, especially on expansion, it can be a strong long-term compounder,” said Mahesh M.Ojha, AVP Research and Business Development, Hensex securities Pvt Ltd.

Borana Weaves Share Price - Expert View

According to Gaurav Garg, Lemonn Markets Desk, as anticipated, Borana Weaves made a strong market debut, listing at a 12.5% premium over its issue price. The stock quickly hit the upper circuit and surged to trade 18% higher on the first day, reflecting strong investor interest and confidence in the company’s fundamentals. 

While short-term investors may consider booking profits following the robust listing performance, long-term investors are advised to adopt a wait-and-watch approach. Close monitoring of the company’s execution capabilities and progress on expansion plans will be key before taking a long-term position.

Borana Weaves Share Price: Short-medium term gains are factored

Arun Kejriwal, the founder of Kejriwal Research and Investment Services, said that Borana Weaves share price is currently at a premium despite an average debut. It's a bit disappointing when looking at the subscription levels, which were quite high; in comparison, the premium seems rather subdued. Nonetheless, with this price short-medium term gains are factored. So, Borana Weaves shares are no longer cheap but upside from this level could be a bit difficult. However, given that it is listed in the Trade-for-Trade segment, there could still be potential for some gains from these levels.

Borana Weaves IPO - Stock hits 5% upper circuit 

Borana Weaves share price soared to hit 5% upper circuit after listing at premium. At 11:32 IST, Borana Weaves share price was trading at ₹255.15 apiece on the NSE, and at ₹255.10 per share on the BSE.

Borana Weaves IPO - Post listing Views for investors

According to Mahesh M.Ojha, AVP Research and Business Development, Hensex securities Pvt Ltd, those who entered with a listing gain strategy can consider booking profits if the stock lists significantly above the issue price. However, if the stock stabilizes with strong volume, partial holding may also make sense.

Avinash Gorakshakar expects Borana Weaves to report a net profit of ₹40 crore for FY25.

“Additionally, with the new unit expected to start by December 2025, we could see strong topline growth in FY26 and FY27 ahead. Borana Weaves stock price looks attractive for the long term,” Gorakshakar said.

Borana Weaves IPO details

Borana Weaves IPO, which is worth ₹144.89 crore, comprises of fresh issue of 67,08,000 equity shares. There's no offer-for-sale (OFS) component.

Borana Weaves IPO objective is to use the net proceeds from the offering for several purposes, including financing the establishment of a new manufacturing facility to enhance its production capacity for grey fabric in Surat, Gujarat, India; providing additional working capital; and covering general corporate needs.

Borana Weaves IPO expert listing views 

Avinash Gorakshakar, Head of Research at Profitmart Securities expects Borana Weaves shares to open strongly as the company is a well established player in the yarn market and caters to a large well-established customers who patronise its quality.

Borana Weaves IPO Subscription Status

Producer of high-quality microfilament woven fabrics launched its IPO for subscription from Tuesday, May 20 to Thursday, May 22. By the conclusion of the bidding period, the offering received an overwhelming response, particularly from retail investors showed a subscription rate of 200.53 times, and non-institutional investors (NIIs) who subscribed 237.42 times. Qualified institutional buyers (QIBs) portion was booked 87.21 times. Notably, on the third day of the IPO, the Borana Weaves IPO subscription status stood at 148.78 times, as per BSE data.

Borana Weaves IPO listing views

According to Mahesh M.Ojha, AVP Research and Business Development, Hensex securities Pvt Ltd, Borana Weaves has indeed seen a strong response from all categories of investors particularly the NIIs and retail segment. Given the strong subscription numbers and a current grey market premium of ₹35, we're looking at a potential listing around ₹251, which is about a 16% gain over the issue price of ₹216.

Borana Weaves IPO GMP today

Let's check what does Borana Weaves IPO GMP today signal ahead of listing.

Borana Weaves IPO grey market premium is +43. This indicates Borana Weaves share price were trading at a premium of ₹43 in the grey market, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Borana Weaves share price was indicated at ₹259 apiece, which is 19.91% higher than the IPO price of ₹216.

According to the grey market activities from the past 15 sessions, the current IPO GMP is on the rise, anticipating a robust listing. The minimum GMP recorded is ₹0.00, while the maximum GMP reaches ₹63, as per the insights from investorgain.com experts.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.