Borana Weaves Ltd's Stock Debut Shines with Premium Gains
Borana Weaves Ltd made a striking market debut with its shares opening at a 12.5% premium on the BSE. The stock, originally priced at Rs 216, began trading at Rs 243 and saw a further jump to Rs 255.10. The company's IPO was highly successful, being oversubscribed 148.77 times.
- Country:
- India
Borana Weaves Ltd, known for its high-quality microfilament woven fabrics, made an impressive stock market debut on Tuesday with shares listing at a 12.5% premium against the issue price of Rs 216.
The shares opened at Rs 243 on the BSE, marking a significant increase from the issue price, and rose further to Rs 255.10, indicating strong investor demand.
The IPO, with a price range set between Rs 205-216 per share, garnered massive attention, being subscribed 148.77 times by the closing day of bidding.
(With inputs from agencies.)
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