Borana Weaves IPO scheduled to open on May 20, 2025 for subscription and will close on May 22, 2025. The IPO is a book building issue of 0.67 crore equity shares and is fully a fresh issue. The allotment is expected to be finalized on May 23, 2025, and the company is likely to get listed on BSE and NSE on May 27, 2025.
The price band for the IPO is ₹205 to ₹216 per share. Looking at the company’s financial performance, Borana Weaves shows strong growth. It reported a revenue of ₹199.60 crore in 2024, up from ₹135.53 crore in 2023. The profit also increased from ₹16.30 crore in 2023 to ₹23.59 crore in 2024. Based on these financials, the IPO looks promising for long-term investors.
Overview of Contents
Borana Weaves IPO Overview
| arameter | Information |
|---|---|
| Issue Type | Book Built Issue |
| Face Value | ₹10 per share |
| Price Band | ₹205 to ₹216 Per Share |
| Lot Size | To be declared |
| Total Issue Size | 67,08,000 equity shares (aggregating up to ₹144.89 Crores) |
| Fresh Issue | 67,08,000 equity shares (aggregating up to ₹₹144.89 Cr) |
| Pre-Issue Shareholding | 1,99,37,295 shares |
| Post-Issue Shareholding | 2,66,45,295 shares |
| Listing Exchange | BSE, NSE |
| QIB Portion | Not less than 75% of the total issue |
| NII (HNI) Portion | Not more than 15% of the total issue |
| Retail Investor Portion | Not more than 10% of the total issue |
Borana Weaves IPO Prospectus
| DRHP | Click here |
| RHP | Click here |
Borana Weaves IPO Dates
| Event | Date |
|---|---|
| IPO Opens for Subscription | 20th May 2025 (Tuesday) |
| IPO Closes for Subscription | 22nd May 2025 (Thursday) |
| Basis of Allotment Finalization | 23rd May 2025 (Friday) |
| Refunds Initiated | 26th May 2025 (Monday) |
| Shares Credited to Demat Accounts | 26th May 2025 (Monday) |
| Expected Listing Date on BSE & NSE | 27th May 2025 (Tuesday) |
| UPI Mandate Confirmation Deadline | By 5:00 PM on 22nd May 2025 (Thursday) |
Borana Weaves IPO Finanacial Performance
| Particulars | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Revenue | 2,157.07 | 199.60 | 135.53 | 42.36 |
| Profit After Tax (PAT) | 293.06 | 23.59 | 16.30 | 1.80 |
| Net Worth | 765.51 | 473.90 | 241.10 | 18.09 |
| Reserves & Surplus | 568.71 | 47.66 | 24.07 | 1.80 |
| Total Assets | 1,496.65 | 137.05 | 74.98 | 31.90 |
| Total Borrowings | 540.34 | 690.98 | 388.93 | 273.12 |
Borana Weaves IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 69 | ₹14,904 |
| Retail Maximum | 13 | 897 | ₹1,93,752 |
| S-HNI Minimum | 14 | 966 | ₹2,08,656 |
| B-HNI Minimum | 68 | 4,692 | ₹10,13,472 |
Borana Weaves FY24 IPO Valuation
| KPI | Values |
|---|---|
| ROE: | 49.45% |
| ROCE: | 27.42% |
| EBITDA Margin: | 20.68% |
| PAT Margin: | 11.85% |
| Debt to equity ratio: | 1.87 |
| Earning Per Share (EPS): | ₹11.83 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 49.77% |
| Net Asset Value (NAV): | ₹23.77 |
Object of the Issue
- Proposing to finance the cost of establishing a new manufacturing Unit to expand its production capabilities to produce grey fabric at Surat, Gujarat, India
- Funding incremental working capital requirement
- General Corporate Purposes
Borana Weaves IPO – Promoter Details & Shareholding
The promoters of the company include Mangilal Ambalal Borana, Ankur Mangilal Borana, Rajkumar Mangilal Borana, Dhwani Ankur Borana, Mangilal Ambalal Borana HUF, Ankur Mangilal Borana HUF, Rajkumar Mangilal HUF, and Borana Filaments Private Limited.
| Category | Shareholding |
|---|---|
| Pre-Issue Shareholding | 87.19% |
| Post-Issue Shareholding | [To be updated] |
About Borana Weaves IPO
Borana Weaves Limited, started in 2020, is a textile manufacturing company based in Surat, Gujarat. The company mainly makes unbleached synthetic grey fabric, which is commonly used as a base material for dyeing and printing in industries like fashion, home décor, interior design, and technical textiles.
Along with fabric, Borana Weaves also makes polyester textured yarn (PTY). This yarn is made by heating polyester oriented yarn (POY), which is the raw material used in making grey fabric.
The company runs three well-equipped manufacturing units in Surat. These units use modern machines for processes like texturizing, warping, weaving (using water jet looms), and folding. As of 30th September 2024, Borana Weaves had 15 texturizing machines, 6 warping machines, 700 water jet looms, and 10 folding machines in operation. The company also highlights its achievement of installing 24 water jet weaving looms, which has helped improve both speed and fabric quality.
Since its beginning, Borana Weaves has focused on producing high-quality textile products quickly and efficiently. Their aim is not just to grow in production but also to explore new business opportunities. From processing raw POY yarn to finished fabric, the company takes pride in its strong and skillful manufacturing process that ensures top-class output.
Borana Weaves IPO Review
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Borana Weaves IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers aka Merchant Bankers
- Beeline Capital Advisors Pvt Ltd
Company Address
Borana Weaves Limited
Plot No AA/34, B 16/16,
Hojiwala Industrial Estate, SUSML,
Sachin,
Phone: +91-9898426338
Email: [email protected]
Website: https://www.boranagroup.in/