New Textile IPO Alert: Borona Weaves Ltd. – Big Profits Ahead?

A new IPO is opening in the textile manufacturing sector and according to GMP sources, it can be listed at a 25% listing gain. The name of the IPO is Borona Weaves Ltd. It is a textile manufacturing company located in Surat. Borona Weaves is an expert in making high-quality woven fabrics, and they have 3 manufacturing units in Surat. The IPO is open from 20th May to 22nd May. The price band is from Rs 205 - Rs 260. Investment per lot is Rs 14,904. The allotment will be on 23rd May and the listing will be on 27th May. (0:40) So, if you get an allotment in the retail category, your profits can be Rs 3750. And if you get an allotment in the HMI category, your profit can be near about Rs 50,000. So, let us know in the comments whether you are applying for this IPO or not.