Thu May 22 04:10:00 UTC 2025: ## Borana Weaves IPO Oversubscribed as Investors Flock to Synthetic Textile Firm

**Mumbai, India -** Borana Weaves Limited’s Initial Public Offering (IPO) has seen overwhelming demand, being oversubscribed 45.69 times by 10:54 AM on the final day of bidding, May 22, 2025. The IPO, which opened on May 20th, generated significant interest from both retail and institutional investors.

The retail portion was subscribed a remarkable 106.23 times, while the Non-Institutional Investor (NII) segment was booked 92.88 times. Qualified Institutional Buyers (QIBs) showed strong interest, subscribing 1.91 times.

The strong demand is reflected in the grey market, where Borana Weaves shares are trading at a premium of ₹61 per share, up from ₹56 the previous day. Market observers attribute this bullish sentiment to the positive trends in the broader Indian stock market.

Analysts at Fynocrat Technologies and INDSEC Securities have both recommended investors “subscribe” to the IPO. Gaurav Goel of Fynocrat highlighted the company’s compelling growth story in the synthetic textile sector, citing its vertically integrated model, high-capacity utilization, and investment in efficient water jet loom technology.

INDSEC Securities emphasized the company’s attractive valuation compared to industry peers and its strong financial performance, with significant revenue, EBITDA, and APAT growth over the past few years. They also pointed to the growing demand for polyester in India and the company’s plans to expand its manufacturing capacity and diversify into high-margin technical textiles using the IPO proceeds.

Borana Weaves intends to use raised capital to increase it’s production to 346 million meters per annum.

The IPO price band was set at ₹216 per share. The bidding closed on May 22, 2025.

**Disclaimer:** *This article is for informational purposes only and does not constitute investment advice. Investors are advised to consult with certified financial experts before making any investment decisions.*

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