Borana weaves iPo: The allotment of Borona Vives shares is likely to be held on 23 May today. The company’s Initial Public Offer (IPO) received huge response from investors and on the last day it closed with 148.77 times subscription. The IPO of this company, which made the high quality microfilament Vovan Fabrics, was opened from 20 to 22 May. The company’s IPO size was Rs 144.89 crore.
Borona Vives had kept 36.89 lakh shares for sale under the IPO, in return for which it received bids for a total of 54.88 crore shares. Most of the bids were found in Non-Estabolic Investors (NIIS) in Catager, which was subscribed to 237.41 times. At the same time, retail investors subscribed 200.50 times their category. Qualified Institutional Buyers (QIBS) filled its share 87.21 times.
You can check allotment status of Borona Vivs’ shares in three ways online. Company Ray Registrar KFIN Technologies website, from BSE’s website and NSE website.
From KFIN Technologies website:
– First open this link (https://evault.kfintech.com/ipostatus/).
– Select “Borana Weaves” company from dropdown.
– Enter PAN number, application number or DP client ID.
– Click on the “Submit” button.
– Your allotment status will appear on the screen.
From NSE website:
– Go to this link. (https://www.nseindia.com/products/dynacontent/equities/ipos/ipo_login.jsp).
– Select “Borana Weaves” in Equity & SME IPO section.
– Enter PAN or application number.
– Click “Submit”.
– Your allotment status will open on screen.
From BSE website:
– Open BSE website.
– Go to “Investors” section.
– Select “Status of Issue Application” in “Investor Services”.
– Click on “Application Status Check”.
– Choose “Equity” in Issue Type.
– Select “Borana Weaves”, fill PAN and other information.
– Click on “Search” and see the status.
GMP (Gray Market Premium) update
According to Market Observers, a premium of 24% is being seen in unlisted stocks of Borana Weaves. This means that its shares in the gray market are trading around ₹ 268-₹ 270 in the gray market as against the highest price band of IPO. The shares of Borana Weaves are expected to be listed on BSE and NSE on 27 May.
Also read- Indusind Bank and Nestle’s Sensex will be farewell, will get out so much
Disclaimer: The ideas and investment advice given by experts/brokerage firms on Moneycontrol are their own, not the website and its management. Moneycontrol advises users to consult a certified expert before making any investment decision.
