Borana Weaves IPO - Grey Market Premium
Ongoing
Borana Weaves Limited, started in 2020 and based in Surat, is a textile company that makes unbleached synthetic grey fabric. This fabric is used as a base for dyeing, printing, and finishing, and is widely used in fashion, home décor, traditional and technical textiles. The company also makes polyester textured yarn (PTY Yarn) by heating and processing polyester oriented yarn (POY Yarn), which is a key raw material in their fabric production.
IPO Details
GMP Timeline
| Date | IPO Price | GMP | Est. Price | % Change |
|---|---|---|---|---|
19 May 2025Live | 216 | 55 | 271 | +25.46 |
18 May 2025 | 216 | 63 | 279 | +29.17 |
17 May 2025 | 216 | 63 | 279 | +29.17 |
16 May 2025 | 216 | 63 | 279 | +29.17 |
15 May 2025 | 216 | 63 | 279 | +29.17 |
14 May 2025 | 216 | 0 | 216 | 0.00 |
13 May 2025 | 216 | 0 | 216 | 0.00 |
Important Notes About Grey Market Premium
Grey Market Premium (GMP) is an unofficial value that indicates investor sentiment before the IPO listing. It is the premium amount at which IPO shares are traded in the grey market before they are officially listed on the stock exchange.
GMP fluctuates based on market conditions and investor sentiment. A positive GMP suggests the market expects the stock to list above its issue price, while a negative GMP suggests it may list below the issue price.
The actual listing price may differ from the estimated price based on GMP due to market conditions on the listing day. GMP is not an official indicator and should not be the sole basis for investment decisions.
IPOwiz updates the GMP values regularly, but these values are sourced from unofficial channels and should be used as a reference only.