New Delhi, May 27 -- Shares of Borana Weaves IPO made a strong debut on the bourses on Tuesday, May 27, as they listed at Rs.243 on NSE and BSE, a premium of 12.5 percent to the issue price of Rs.216.

The IPO, valued at 144.89 crore, was open for subscription from May 20 to May 22. The public offer was priced at Rs.216 per share.

The IPO concluded on an exceptional note, receiving bids amounting to 147.85 times the shares on offer over the three-day bidding period. A total of 54.54 crore shares were bid for, compared to the 36.89 lakh shares available. The retail investor portion was subscribed 200.50 times, while the non-institutional investor (NII) category saw a subscription of 237.41 times. Meanwhile, the Qualified institutional buy...