The Borana Weaves IPO has created a buzz in the SME segment with its impressive Grey Market Premium (GMP). Investors tracking IPO GMP Live Today have noted that Borana Weaves is commanding a premium of ₹25–₹30 in the unofficial market, signaling strong listing expectations.
Borana Weaves, a Gujarat-based textile manufacturer, is known for high-quality weaving and sustainable manufacturing. The company is seeking capital infusion through this IPO for business expansion, machinery upgrades, and to strengthen its working capital.
Live subscription data shows that retail investors are actively participating, with the issue being oversubscribed within the first few hours. This positive response is also reflected in the high GMP values, which typically mirror expected demand.
Analysts point out that SME IPOs like Borana Weaves offer good listing gains if backed by solid fundamentals and reasonable pricing. The company's revenue trajectory, coupled with rising export orders, adds to its appeal.
While GMP gives an idea of possible listing prices, investors are advised to analyze the Red Herring Prospectus (RHP) and business model before investing. Borana Weaves IPO could be a rewarding bet, provided one understands the associated risks and market conditions.
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