Borana weaves iPo: Today was the first day of the IPO of Borrana Vivs, a clothes manufacturer. This IPO is open today i.e. Tuesday, May 20 and will be closed on Thursday, 22 May. The company has fixed a price band of Rs 205 to Rs 216 for each stock with a face value of Rs 10 under its IPO. Borna Vivs wants to raise a total of Rs 144.89 crore from this IPO, for which a total of 67,08,000 shares will be issued. All fresh shares will be issued under this IPO of the company, it does not include OFS.
IPO of Borna Vivs received 8.53 times subscription on the first day
The IPO of Borna Vivs is getting good response from investors. According to NSE data, this IPO has received a total of 8.53 times subscription on the first day of subscription. However, a huge increase in its subscription can be seen until the IPO is closed. Let us tell you that after the closure of the IPO on 22 May, the shares can be allotted on Friday, 23 May. Investors who do not get shares will be refunded on 26 May. Shares will also be credited to investors’ account on 26 May itself. Finally, on Tuesday 27 May, the company will list on both major exchanges of the Indian stock market, BSE and NSE.
What is the GMP price of shares going on in the gray market
The IPO of Borna Vivs has seen good support from investors on the first day. Therefore, in the gray market, the company’s shares are also being seen well. On Tuesday, May 20, the company’s shares are trading with a GMP price of Rs 63. However, it can also be seen as a big ups and downs in the stock market till the IPO list is listed.
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