The IPO frenzy around Borana Weaves is nearing its final act. After a three-day bidding window between May 20 and May 22, investors are now eagerly waiting to find out if they have been allotted shares. The share allotment is expected to be finalised today, May 23, and there are three easy ways to check your allotment status, that is, through BSE, NSE, or KFin Technologies, the registrar for this IPO.
Here’s a quick and easy guide to check your IPO allotment status online.
Check via BSE
- Visit the BSE IPO allotment status page.
- Choose “Equity” as the issue type.
- Select “Borana Weaves” from the dropdown list.
- Enter your application number or PAN.
- Complete the captcha and click “Search.”
Check via NSE
- Go to the NSE IPO bid details page.
- Click “Equity and SME IPO Bid Details.”
- Pick “Borana Weaves” from the IPO list.
- Enter your application number and PAN, then hit “Submit.”
Check via Registrar (KFin Technologies)
- Head to the KFin Tech IPO status portal.
- Select “Borana Weaves” from the dropdown.
- Choose one of four search options – PAN, Application Number, DP ID/Client ID, or Bank Account Number.
- Fill in the details and click “Search.”
Borana Weaves IPO: Subscription status
Borana Weaves IPO received an overwhelming response from all categories of investors. The issue was subscribed a massive 147.85 times overall. Among the investor segments, Non-Institutional Investors (NIIs) led the charge with a subscription of 237.41 times, followed closely by Retail Investors, who bid 200.50 times their allotted quota. Qualified Institutional Buyers (QIBs) also showed strong interest, subscribing 85.53 times.
Borana Weaves IPO: Grey Market Premium (GMP)
Adding to the excitement is the buzz in the grey market. The GMP for Borana Weaves currently stands around Rs 40, hinting at a possible listing price of approximately Rs 256. This suggests a potential gain of over 18.5% from the issue price of Rs 216. However, it is important to remember that GMP is unofficial and does not always match actual listing performance.
Borana Weaves IPO: Key players of the issue
The company plans to raise approximately Rs 144.89 crore through this IPO, entirely via fresh issue of shares. Beeline Capital Advisors is acting as the lead manager, and KFin Technologies is handling the registrar responsibilities. The company is expected to list on May 27, on both the BSE and NSE.