New Delhi, May 16 -- Borana Weaves Ltd has set a price range of Rs.205-216 per share for its forthcoming initial public offering (IPO), which is set to commence on May 20 and conclude on May 22. Bidding for anchor investors will begin on May 19.

The allotment basis will be determined on May 23, followed by the initiation of refunds and the crediting of equity shares on May 26. The company's shares are anticipated to be listed on stock exchanges on May 27.

The IPO consists entirely of a fresh issuance of 67.08 lakh equity shares. If priced at the upper limit of the band, the total size of the issue will reach Rs.144.89 crore.

Out of the total proceeds, Rs.71.35 crore will be directed towards establishing a new manufacturing facility in ...