Mumbai, May 27 -- The scrip was listed at Rs 243.00, exhibiting a premium of 12.5% to the issue price.
So far, the stock has hit a high of 255.10 and a low of 243 On the BSE, over 1.92 lakh shares of the company were traded in the counter so far.
The initial public offer of Borana Weaves was subscribed 148.78 times. The issue opened for bidding on 20 May 2025 and it closed on 22 May 2025. The price band of the IPO is fixed between Rs 205 and 216 per share.
Out of the proceeds from the fresh issue, Rs 71.35 crore will be used to finance the cost of establishing a new manufacturing unit to expand its production capabilities to produce grey fabric at Surat, Rs 26.50 crore to fund incremental working capital requirements and the balance towa...