The Little Book Stops campaign will include a box in Melrose on Buccleuch Street.
The initiative is run by the publisher in partnership with US-based non-profit Little Free Library and aims to champion reading and support making books easy to access.
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Rebecca Sinclair, chief brand officer at Penguin Books, said: “We were delighted to have received so many applications for 90 little book stops, it was difficult to select the final locations.
“Books and reading are a great way to build connections and create communities, and the sheer amount of interest we received shows just how much people are looking for this.
“We’re excited to see the impact the little book stops have on the local communities selected.”
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The exact date that the book sharing box will be installed is not yet known but it will be at some point this month.
The Melrose location is one of nine in Scotland and 90 across the UK and each stop will have an appointed steward to maintain it that will run on the concept of “give a book, take a book”.
The box will be installed with a selection of adult and children’s books and specially selected titles including The Boy, The Mole, The Fox and The Horse by Charlie Mackesy, Thursday Murder Club by Richard Osman, Girl, Woman, Other by Bernardine Evaristo, Look Up! by Nathan Bryon and Dapo Adeola and The Story of Tracy Beaker by Jacqueline Wilson.
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Daniel Gumnit, chief executive officer at Little Free Library, added: “It’s a privilege to join Penguin Books in celebrating their 90th anniversary by introducing 90 little book stop boxes across the UK.
“At Little Free Library, we believe stories belong to everyone. These new book-sharing boxes will spark curiosity, bring neighbours together, and make books more accessible in the communities where they’re needed most.
“We’re honoured to welcome these new locations into our worldwide network.”
There were more than 2000 submissions across the UK by individuals and groups to have a box in their area.