Borana Weaves Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | May 20, 2025 to May 22, 2025 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Issue Price | ₹ 216 per share |
| Lot Size | 69 Shares |
| Total Issue Size | 67,08,000 shares (aggregating up to ₹ 144.89 Cr) |
| Fresh Issue | 67,08,000 shares (aggregating up to ₹ 144.89 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,99,37,295 shares |
| Share Holding Post Issue | 2,66,45,295 shares |
About Borana Weaves Limited IPO
Borana Weaves Limited, a synthetic fabric maker based in Surat with a strong reputation, plans to enter the stock market with its upcoming Mainboard IPO. The company will open its public offering on May 20, 2025, sparking a lot of attention in the textile and investment worlds. The firm has a solid foothold in the synthetic textile field and shows steady financial results. It hopes to get ₹144.89 crore by selling new shares to the public.
Company Overview and Core Business
Borana Weaves Limited was set up in 2020 with its base in Surat Gujarat, which makes unbleached synthetic grey fabric and polyester textured yarn (PTY yarn) from start to finish. Grey fabric serves as a key ingredient for dyeing and printing in many fields such as fashion, old-school textiles, high-tech fabrics, home decor, and interior design. The firm runs three cutting-edge plants in Surat churning out 233.28 million meters each year. These facilities house 700 water jet looms, 15 machines to texture yarn, six to warp, and ten to fold fabric.
Borana Weaves IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 30,18,543 (45.00%) |
| QIB Shares Offered | 20,12,457 (30.00%) |
| NII (HNI) Shares Offered | 10,06,200 (15.00%) |
| bNII > 10L | 6,70,800 (10.00%) |
| sNII < 10L | 3,35,400 (5.00%) |
| Retail Shares Offered | 6,70,800 (10.00%) |
| Total Shares Offered | 67,08,000 (100%) |
Objectives of the IPO
Borana Weaves plans to raise ₹144.89 crore by issuing new equity shares. They intend to use this money in a few key ways.
- Expanding Capacity: A large chunk of the IPO money will be spent on growing their manufacturing operations. They will add new high-speed looms, bring in automation tech, and improve the supporting infrastructure. Their goal is to increase production to meet rising demand at home and abroad.
- Working Capital Needs: The textile business deals with high volumes, so managing working capital well becomes vital. Part of the funds will go toward keeping inventory levels stable, managing receivables, and improving cash flow cycles.
- General Corporate Use: The leftover money will help grow the business, improve branding, and upgrade administrative systems. It also gives the company some financial flexibility to grow later or explore partnerships.
- Building Market Presence: After the IPO, the company wants to boost its brand visibility, create stronger distribution networks, and enter new regions to grow its customer base.
Conclusion
Borana Weaves plans its IPO at a time when interest in textile stocks is making a comeback. The company shows strong financial stability, a business model that can grow further, and clear plans to expand. It provides an interesting option to those wanting to invest in mid-cap manufacturing companies.
The Borana Weaves IPO stands out as a solid choice. It offers a dependable business in a growing sector guided by experienced leadership and built on solid foundations. For those who believe in India's manufacturing growth and long-term potential, this IPO might offer the perfect chance to invest.
Borana Weaves Limited IPO Financial Information
Latest Revenue
215.71
₹ Crore
Profit After Tax
29.31
₹ Crore
Net Worth
76.55
₹ Crore
Total Borrowing
54.03
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2024 | 149.67 | 215.71 | 29.31 | 76.55 | 54.03 | ||||
| 31 Mar 2024 | 137.05 | 199.6 | 23.59 | 47.39 | 69.1 | ||||
| 31 Mar 2023 | 74.98 | 135.53 | 16.3 | 24.11 | 38.89 | ||||
| 31 Mar 2022 | 31.9 | 42.36 | 1.8 | 1.81 | 27.31 | ||||
| Amount in ₹ Crore | |||||||||
Borana Weaves Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 49.45% |
| ROCE | 27.42% |
| RoNW | 49.77% |
| PAT Margin | 11.85 |
| Price to Book Value | 9.09 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 11.83 | 14.66 |
| P/E (x) | 18.26 | 14.73 |
Frequently Asked Questions
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Competitive Strengths
1. Surat's textile hub offers a strategic location.
2. The company runs advanced manufacturing units with large capacity.
3. Facilities have expanded and operate at high efficiency.
4. Financial performance shows strong growth and profits.
5. An experienced promoter and management team lead the company.
Download regulatory filings
Borana Weaves Limited IPO Timeline
| IPO Open Date | Tue, May 20, 2025 |
| IPO Close Date | Thu, May 22, 2025 |
| Tentative Allotment | Fri, May 23, 2025 |
| Initiation of Refunds | Mon, May 26, 2025 |
| Credit of Shares to Demat | Mon, May 26, 2025 |
| Tentative Listing Date | Tue, May 27, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 22, 2025 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 69 | ₹14,904 |
| Retail (Max) | 13 | 897 | ₹1,93,752 |
| S-HNI (Min) | 14 | 966 | ₹2,08,656 |
| S-HNI (Max) | 67 | 4,623 | ₹9,98,568 |
| B-HNI (Min) | 68 | 4,692 | ₹10,13,472 |