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Borna wants to raise Rs 145 crore with the issue of Vivs Limited.
Today (May 22) is the last chance to invest in Borrana Vivs Limited’s IPO i.e. Initial Public Offering. This issue was opened on 20 May. This IPO has been subscribed to 29.67 times in two days so far. It has received 78.08 times subscription in the retail category.
The company shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on 27 May. Through this issue, the company wants to raise a total of Rs 145 crore. For this, the company will issue around 67 lakh fresh shares. In the issue, the company’s current investors or promoters will not sell a single stock through offer for sale.
If you are also thinking of investing money in this IPO, then we are sharing you all the details related to it …
How much money can you spend minimum and maximum?
Borna Vivs has fixed the price band of IPO ₹ 205 to ₹ 216. Retail investors can do bidding for minimum for a lot, with 69 shares. If you apply for 1 lot for Rs 216 at Rs 216, then you have to invest Rs 14,904.
At the same time, retail investors can apply for maximum 13 lots or 897 shares. For this, investors will have to invest Rs 1,93,752 according to the upper prize band.
10% of the issue reserved for retail investors
The company has reserved 75% of the IPO for qualified institutional buyers (QIB). Apart from this, 10% share is reserved for non-institutional investors (NII).
What does Borna Vivs Limited work?
Borna Vivs Limited, established in 2020, is a leading company located in Surat, Gujarat, which works to make synthetic gray fabric without bleaching. This gray fabric is used in industry like fashion, traditional textile, technical textile, home decor and interior design.
The company also produces polyester texcharged yarn, which is made by heating the polyester oriented yarn. This POY yarn is used as a raw material in production of gray fabric.
Borna Vivs Limited operates three manufacturing units in Surat, Gujarat, which are equipped with textile -making technology such as texturizing, warping, water jet looms and textile folding.
By 30 September 2024, the company’s three units had 15 texturizing machines, 6 warming machines, 700 water jet looms, and 10 folding machines were active.
What is IPO?
When a company releases its shares for the common people for the first time, it is called an initial public offering i.e. IPO. The company needs money to increase business. In such a situation, instead of taking loans from the market, the company raises money by selling some shares to public or issuing new share. For this, the company brings IPO.
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