Borana Weaves IPO: Price Band, Dates, Company Overview, and Key Insights
Borana Weaves IPO is opening on May 20 at a price band of ₹205–₹216. In this blog, we cover key IPO details, financials, and how to apply easily using the IPO Ji app—a fast, reliable platform to check live subscriptions, apply seamlessly, and track allotment updates in one place.
Borana Weaves Ltd is ready to make an entry into the capital markets with an Initial Public Offering (IPO). The Surat-based textile maker has fixed the price band at ₹ 205 to ₹ 216 per equity share for its IPO that is due to open for subscription on May 20, 2025, and is to close on May 22, 2025. This IPO is also a pure fresh issue and hence has caught the eyes of investors in search of opportunities for growth in the textile and manufacturing industry.
What better way to get into the Borana Weaves IPO nitty-gritty details, objectives, financial performance, company backgrounds, and more than to get started?
Borana Weaves plans to utilize the IPO proceeds as follows:
- ₹71.35 crore for setting up a new manufacturing unit in Gujarat to increase the production capacity of grey fabric.
- ₹26.5 crore will be used for meeting incremental working capital requirements.
- Remaining funds will be used for general corporate purposes, such as marketing, administrative costs, and operations.
Borana Weaves Ltd will be offering its Initial Public Offering (IPO) that will start being subscribed from the 20th of May 2025 and close on 22nd of May 2025. The price band for the company’s equity share is ₹205 to ₹216. Investors can make an application for at least one lot of 69 shares, and the minimum investment required is ₹14,904. A retail investor can invest a maximum of 13 lots (₹1,93,752). IPO is a book-built issue which has on offer 67.08 lakh equity shares, totaling to ₹144.89 crore at the top end of the price band. There is a face value of ₹10 on each share. After the allotment, the shares are expected to be listed on NSE and BSE on the 27/05/2025. Beeline Capital Advisors Pvt Ltd is the sole book-running lead manager for the issue and while the registrar to the issue has been appointed as KFin Technologies Ltd.
About Borana Weaves Ltd
Borana Weaves Ltd was established in 2020 and has its headquarters in Surat, Gujarat. They are involved in the manufacturing of synthetic grey fabric and polyester-textured yarn (PTY). The products of the company are broadly employed in different industries, such as
- Fashion and apparel
- Traditional and technical textiles
- Home furnishings and décor
- Interior design
Borana Weaves Limited, a textile manufacturing company incorporated on 2020 is located at Surat. A company specialising in the production of unbleached synthetic grey fabric, it is an essential actor in the supply chain of the fabric that acts as a base layer for subsequent processing, like dyeing, printing, and finishing. This material is widely applied in different industries, namely, the fashion industry, traditional textile industry, technical textile industry, home décor, and interior design.
Apart from grey fabrics, Borana Weaves Limited also produces the polyester textured yarn (PTY Yarn). This yarn is manufactured through heating and texturizing of a critical raw material of the production of their fabric, namely processed polyester oriented yarn (POY Yarn).
The company has three manufacturing units situated at Surat, Gujarat, all well-equipped. Integrated are modern textile technologies and machinery – 15 texturizing machines, 6 warping machines, 700 water jet looms, and 10 folding machines (as of September 30, 2024). Such impressive infrastructure has made Borana Weaves strike a very firm footing in terms of producing consistently and developing sustainably in the synthetic textile business.
✔️ Key Highlights of Borana Weaves Ltd.:
- Has three manufacturing sites located in Gujarat.
- Combined installed capacity: 233.28 million meters per annum.
- Dedicated to the manufacturing of premium-quality unbleached grey fabric, which is one of the crucial raw materials that are used for dyeing and printing.
- Also makes polyester textured yarn by heating the polyester oriented yarn and after that used in the manufacture of grey fabric.
Using this IPO, Borana Weaves will seek to expand its infrastructures as well as enhance its market position in the textile business.
📈 Financial Performance
Borana Weaves has shown strong financial growth in recent years. Here's a summary of its performance:
🔹 For Nine Months Ending December 2024
- Revenue: ₹211.61 crore
- Net Profit: ₹29.31 crore
🔹 FY 2023-24
- Revenue: ₹199.06 crore (up from ₹135.40 crore in FY23)
- Net Profit: ₹23.59 crore (up from ₹16.30 crore in FY23)
The growth in revenue and profits suggests a healthy financial trajectory and operational efficiency, making the company a potentially attractive option for investors.
📅 IPO Timeline for Borana IPO
🔍 Should you apply to Borana Weaves IPO?
✔️ Pros:
- Large presence in textile manufacturing with increased production capabilities.
- High revenue and profit growth in the last few years.
- Strategic investment in a new facility that would be able to generate operational output and efficiency.
- There is a constant increase in demand for grey fabric and PTY in the domestic and global textile industries.
⚠️ Risks:
- Working in a cyclical business, the performance may also fluctuate because of the market conditions, costs of raw materials and applicable export policies.
- A relatively young company (created in 2020), thus, limited historical data for a long period of time.
- High concentration on a particular segment (grey fabric), diversification in PTY eases the situation.
Borana Weaves IPO gives investors a chance to invest in an emerging textile maker that aims at aggressive growth.
The issue size of ₹144.89 crore will help the company to set up a new manufacturing unit and improve its working capital.
The IPO looks quite attractive, especially bearing in mind the growth rate of company’s revenues and the broadening market for the synthetic grey fabric and PTY.
How to Apply for Borana Weaves IPO
Applying for an IPO is now easier than ever, especially with multiple digital platforms available. Among all, IPO Ji stands out as a fast, reliable, and user-friendly platform to apply for IPOs, including the Borana Weaves IPO.
✅ Apply via IPO Ji App or Website (Recommended)
If you're looking for a seamless and guided application process, IPO Ji is the best choice to apply IPO. Here's how to apply through IPO Ji:
- Download the IPO Ji App from the Google Play Store or visit IPOji.com.
- Log in or Sign Up using your mobile number and OTP.
- Go to the ‘Current IPOs’ section and select Borana Weaves IPO.
- Enter your PAN, UPI ID, and Bid Details (choose quantity, price band, etc.).
- Approve the UPI mandate from your UPI app (e.g., PhonePe, Google Pay, Paytm).
- Done! You’ll receive real-time updates on allotment status and listing.
⭐ IPO Ji also offers live subscription data, allotment check, and listing updates in one place — no need to go anywhere else!
Other Options to Apply
1. UPI-based ASBA via Broker Apps
You can also apply through popular trading apps like:
Simply log in, go to IPO section, select Borana Weaves IPO, fill in bid details, and approve UPI.
2. Net Banking ASBA (via Banks)
Alternatively, apply directly from your bank's net banking portal under the "IPO/ASBA Services" section:
- HDFC Bank
- SBI
- ICICI Bank
- Axis Bank
- Kotak Mahindra Bank
Choose Borana Weaves IPO, enter DP/Client ID, PAN, bid details, and submit.
🔔 Note: Ensure your Demat account is active and linked with your PAN and UPI ID before applying.
IPO Terms Glossary
- Grey Fabric: A raw, unprocessed textile used for dyeing and printing.
- Polyester Textured Yarn (PTY): A yarn made by heat-treating polyester oriented yarn.
- Book Built Issue: A process where the price is discovered based on investor demand.
- Lot Size: The Minimum number of shares one can apply for in an IPO.
Stay Updated
Follow live updates, GMP (Grey Market Premium), and IPO allotment status on our website IPOji.com, where you’ll also get:
