Borana Weaves IPO Day 2: After strong investor response, GMP soars to 28%. Check subscription

May 21, 2025

Borana Weaves’ IPO continued to attract strong interest on Day 2, with overall subscription reaching 8.5 times and the retail portion booked 25 times. The IPO’s grey market premium (GMP) surged to Rs 60, indicating a potential 28% listing gain. The issue aims to raise Rs 144.89 crore and closes on May 22.

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