Borana Weaves made a blazing debut on Dalal Street today, delighting investors with a strong market listing. The much-anticipated IPO, which received massive demand from all investor categories, finally hit the bourses and did not disappoint.
Borana Weaves Share Price Today: Listed at ₹243 on NSE and BSE — a solid 12.5% gain over its issue price of ₹216 — the stock quickly hit the upper circuit, locking in further gains. The buzz around the IPO was loud, and today’s listing validated the hype.
But now that the debut is done, the big question is: What’s next for Borana Weaves stock?
Borana Weaves IPO Recap: A Blockbuster Subscription
Before diving into post-listing analysis, let’s rewind.
The Borana Weaves IPO opened on May 20 and closed on May 22. The IPO was priced between ₹205–₹216 per share. It raised ₹145 crore by offering 67.08 lakh equity shares.
Here’s how the IPO was received:
- Overall Subscription: 148.77 times
- Retail Investors: 200.50 times
- Non-Institutional Investors (NIIs): 237.41 times
- Qualified Institutional Buyers (QIBs): 87.21 times
These figures show that investor demand was extremely high — across the board.
Borana Weaves Share Price Today: What the Grey Market Told Us
In the days leading up to the listing, the grey market premium (GMP) hovered around ₹35. This implied a possible listing price of about ₹251, which was close to today’s actual open price of ₹243. While some expected a bigger jump, the listing is still considered healthy and above average.
What Does Borana Weaves Do?
Borana Weaves is based in Surat, Gujarat, and specializes in unbleached synthetic grey fabric. This type of fabric is widely used in industries like:
- Fashion and apparel
- Home decor
- Technical textiles
- Interior design
Their products act as raw material for other businesses, making Borana a B2B (business-to-business) manufacturer. The company aims to expand regionally for faster delivery and better customer service.
Expert Opinions: Profit Booking or Long-Term Bet?
Gaurav Garg (Lemonn Markets Desk)
“As expected, Borana Weaves had a strong start. The upper circuit lock on day one shows solid investor faith. However, short-term investors may look to book profits.”
He added that long-term investors should watch the company’s execution and expansion before committing fully.
Arun Kejriwal (Kejriwal Research and Investment Services)
“Despite the high subscription, the premium feels a bit underwhelming. That said, in the short term, some gains may still come. But from this level, upside could be limited.”
He points out that since the stock is listed in the Trade-for-Trade segment for 10 trading days, it could still show isolated movement despite no intraday trades.
Mahesh Ojha (Hensex Securities)
“Those looking for quick listing gains should consider booking profits. But if volumes remain steady, holding a part of the position may be wise.”
Ojha also highlighted that Borana’s valuation is fair — trading at a P/E of around 24x on FY24 earnings. If the company continues executing well, it could turn into a long-term wealth creator.
Industry Outlook: Tailwinds Ahead?
According to Narendra Solanki of Anand Rathi Wealth, Borana Weaves is well-placed to benefit from the rising demand for synthetic fabrics. The man-made fiber market is expected to grow at 3.7% by 2025, driven by both domestic demand and global exports.
Solanki also added that Borana’s shift to water jet looms could support long-term profits and efficiency.
Post-IPO Valuation Snapshot:
- IPO Price: ₹216
- Listing Price: ₹243
- Current GMP (before listing): ₹35
- Market Capitalisation Post-Issue: ₹575.5 crore
- Estimated FY25 P/E: 14.7x
- FY24 P/E: 24.4x
Should You Buy, Hold, or Exit?
| Investor Type | Suggested Action |
|---|---|
| Short-Term Traders | Consider partial or full profit booking |
| Medium-Term Investors | Wait for post-listing consolidation |
| Long-Term Investors | Hold if confident in industry and management |