Borana Weaves Lists at 12.5% Premium; Analysts Suggest Partial Profit-Booking

Borana Weaves debuted at ₹243 on the BSE and NSE, a 12.5% premium over its IPO price of ₹216. However, the listing was below the 19.91% grey market premium. The ₹145-crore IPO was subscribed 149 times, with strong demand from non-institutional (237x) and retail investors (200x). The IPO consisted of a fresh issue of 67.08 lakh shares. Analysts suggest booking partial profits post-listing while holding the rest for long-term gains. They cite Borana’s integrated operations, fair valuations (P/E ~24x), and strong position in the synthetic fabric segment. Industry outlook remains positive, driven by growth in the man-made fibres market and rising use of water jet looms.