Borana Weaves IPO, May 20 -- Textile manufacturer Borana Weaves will commence its public subscription today, Tuesday, May 20. Borana Weaves IPO on May 19, secured Rs.65.2 crore from 11 institutional investors through an anchor book, a day prior to the issue opening, according to reports. The public offering will close on Thursday, May 22. Considering Borana Weaves IPO's upper limit of the price band, the firm anticipates raising approximately Rs.144.89 crore from its initial public offering (IPO). Investors can bid for a minimum of 69 shares and in multiples of that number. Borana Weaves listing date is scheduled on Tuesday, May 27.

In its communication to the exchanges, the company announced the finalisation of 30,18,543 equity shares a...