The share allotment for the IPO of Textiles Manufacturer Borna Vivs is expected to be finalized on May 23. Investors bidding in this IPO have a special eye. The ₹ 145 crore IPO, opening for membership from 20 to 22 May, saw a strong demand in investor categories. The IPO price band ₹ 205-216 per share was fixed. Let me tell you, according to NSE data, the IPO was subscribed to about 149 times in total.
Who did how much subscribe
According to the news, retail investors subscribed more than 200 times in their category. Non-institutional investors (NIIs) were booked 237.42 times from the allotted quota to the category. Eligible institutional buyers (QIB) section also saw a strong demand with 87.2 times subscription. Investors can check the allotment status of the share through BSE website or IPO Registrar, KFIN Technologies.
Share allotment check like this
How to check on BSE website
- First go to the BSE IPO allotment page.
- Then choose ‘Equity’ as an issue type.
- After this, choose ‘Borana Weaves’ from Dropdown.
- Enter your PAN or application number here.
- Click on Search to see the allotment status.
Check through KFIN Technologies
- First of all visit the IPO status page of Kfin Technologies: https://ris.kfintech.com/ipostatus/
- Choose any link from five options here.
- Then choose ‘Borana Weaves’ from the list of issue names.
- Now enter your PAN, application number or DP/client ID.
- Click on Submit to see the status.
+40 rupees running GMP
Borna Vivs IPO has witnessed a boom in the non-list market on Friday. Its gray market premium (GMP) has also been good. According to stock market experts, Borna Vivs IPO GMP is ₹ 40 per share on 23 May. That is, in the gray market, shares of Borna Vivs are trading at ₹ 40 more than their issue price.
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