Borana Weaves IPO subscribed 55 times on Day 3: Check GMP, price band and other details

Borana Weaves' IPO witnessed an overwhelming response, being subscribed 55.11 times on its final day, driven by strong retail and non-institutional investor demand. The IPO price was fixed between Rs 205 and Rs 216 per share. The Surat-based textile company plans to use the IPO proceeds for expansion and working capital needs, with a tentative listing date of May 27.