Borana Weaves IPO Listing Highlights
On May 27, 2025, Borana Weaves made a solid debut on the BSE and NSE at ₹243 per share, marking a 12.5% premium over its IPO price of ₹216. This listing premium, while impressive, fell short of the 19.91% grey market premium investors were eyeing ahead of the launch Moneycontrol. The successful listing valued the company at roughly ₹670 crore, reinforcing strong market confidence.
Stellar Subscription and Market Reception
The ₹145 crore IPO was oversubscribed 149 times during its three-day bidding window from May 20–22. Non-institutional investors led the charge with 237× subscription, closely followed by retail investors at 200×, while QIBs subscribed 87× of their reserved quota Moneycontrol. With a minimum bid size of 69 shares (₹14,904), the issue saw widespread participation, demonstrating robust demand across investor categories.
Buy, Sell or Hold? Analyst Views
Market experts suggest a balanced approach. Mahesh M. Ojha of Hensex Securities recommends booking profits if the stock opens significantly above the IPO price, but also cautions that “steady volumes and a stable trend post‐listing” may warrant partial profit‐booking and holding the remainder for potential upside Moneycontrol. Given a P/E of ~24× at the upper band, Ojha views valuations as fair, noting that integrated operations and margin‐expansion strategies could drive long‐term growth.
Long-Term Outlook and Sector Dynamics
Ahmedabad-based Borana Weaves specializes in unbleached synthetic grey fabric, primarily for B2B clients, and aims to bolster regional reach for enhanced customer service Moneycontrol. Narendra Solanki of Anand Rathi Wealth forecasts a 3.7% CAGR for India’s man-made fibre market through 2025 and highlights the shift toward water-jet looms as a key profitability driver. He advises investors to book partial gains on listing and retain some stake to capitalize on sustained sector growth.
