IPO BORANA Weaves IPO: Shares Deput nearly 13% premium

The stock of Boraana Wecke manufacturer has begun on the 12.50% at the 21st price.

Ahead of its show, the gray market value (GMP) for the company stocks stood ₹ 43.

IPO, which is opened for auction between May 20 and May 22, get high response from all types of investors. The issue was booked at 148.77 times overall, with support 200,50 segment, NII SELFifons 237.41 Tiage 237.21.

The company has raised all ₹ 144.89 crore crore through the IPO, which is a new new issue with 67.08 million shares of Lakh. BORANA Weaves will use the procedure from IPO to use the cost of capacity to produce the capacity Surat, Gujarat, and for the purpose of the general company.

“Over the past few years, we planted our production skills in sub-productivity part.

“This procedure consistent with our long-term strategies to maintain the quality of the product and efficiency of operation and mangilal amangilal.

Included by 2020, Boraana Weaves involved in production of inequitable gray cloths. This fabric acts as a basic uniform, such as dyeing and printing, in fashion, cosmetics, and interior design.

In front of the revenue, the company reported 215,71 crore and the net profit of ₹ 29.31 crore in December 2024.

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