IPO

Borana Weaves Limited IPO

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Other Textile Products

Listed On: May 27, 2025 at ₹ 243.0(NSE)

₹ 14904 /69 Shares

Check Allotment

20 May, 2025

Open Date

22 May, 2025

Close Date

23 May, 2025

Allotment Date

27 May, 2025

Listing Date
Price Summary

Last Closing

225.75 (4.51%)

52 Week High

267.00

52 Week Low

211.00

Last Update

24-Oct-2025 3:30 PM
Borana Weaves IPO Issue Details
  • Issue Price ₹205-216 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 67,08,000 shares(aggregating up to ₹144.89 crore)
  • Fresh Share 67,08,000 shares(aggregating up to ₹144.89 crore)
  • Listing at BSE, NSE
  • List Price 243.0(NSE)
  • Listing Date 2025-05-27
  • Lead Manager Beeline Capital Advisors Pvt Ltd
  • Registrar Kfin Technologies Limited
Market Lot Size

Investors can bid for a minimum of 69 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)169₹14,904
Retail(max)13897₹1,93,752
SHNI(min) 14966₹2,08,656
SHNI(max) 674,623₹9,98,568
BHNI(min) 684,692₹10,13,472
Borana Weaves IPO Reservation

Borana Weaves IPO offers total 67,08,000 shares. Out of which 20,12,457 (30%) allocated to QIB, 10,06,200 (15%) allocated to NII,6,70,800 (10%) allocated to RII, NA (NA%) allocated to employees and 30,18,543 (45%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered30,18,543 (45%)
QIB Shares Offered20,12,457 (30%)
NII (HNI) Shares Offered10,06,200 (15%)
bNII < ₹10L6,70,800 (10%)
sNII < ₹10L3,35,400 (5%)
Retail Shares Offered6,70,800 (10%)
Total Shares Offered67,08,000 (100%)
Borana Weaves IPO Documents
DRHP
RHP
ANCHOR
Borana Weaves IPO Details


Borana Weaves IPO is a book-built issue of ₹144.89 crores, The total issue size is ₹144.89 crores. The IPO of Borana Weaves is priced at ₹205-216 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from May 20, 2025 and ends on May 22, 2025. The allotment for Borana Weaves IPO will be finalized on May 23, 2025. Borana Weaves IPO will be listed on BSE, NSE, with a tentative listing date fixed as May 27, 2025. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Limited is the registrar of the issue.

Retail investors can bid for a minimum of 69 shares, extendable to 14,904. S-HNIs will be able to bid for 966 shares at ₹2,08,656, while B-HNIs can also apply for a bid of 4,692 shares at ₹10,13,472. The book-running lead manager for the IPO is/are Beeline Capital Advisors Pvt Ltd.

The total issue ₹144.89 crore, comprising a fresh issue of 67,08,000 shares ₹144.89 crore
The Borana Weaves IPO sets its price band at 205-216 for each share. A single application for Borana Weaves Limited IPO must contain at least 69 shares. Sentiment investors need to invest a minimum of 69 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,904 In order to participate in the sNII, investors must purchase at least 14 lots of 966 shares for ₹2,08,656, while the bNII requires 68 lots of 4,692 shares for an investment of ₹10,13,472.

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Borana Weaves IPO Subscription Analysis And Details
Retail
200.08x
QIB
87.21x
NII
237.38x
bNII
239.74x
sNII
232.67x
Total
148.69x
As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved20,12,45710,06,200
6,70,800    3,35,400		6,70,80036,89,457
Day 1 20-05-25 05:00 PM
1.54 x11.40
9.21 x   15.78 x		24.66 x8.44 x
Day 2 21-05-25 05:00 PM
1.76 x53.07
46.93 x   65.36 x		77.16 x29.46 x
Day 3 22-05-25 05:00 PM
87.21 x237.38
239.74 x   232.67 x		200.08 x148.69 x
Total No of Applications
17,40,830
Subscription on the basis of Applications
Retail:166x BHNI:47x SHNI:223x
Borana Weaves Valuations
EPS Pre IPO ₹11.83/-
EPS Post IPO ₹14.66/-
P/E Pre IPO 18.26
P/E Post IPO 14.73
ROE 49.45%
ROCE 27.42%
RoNW 49.77%
PAT Margin 11.85
Price to Book Value 9.09
Borana Weaves Company Financials
In Crs.
In Cr.
31-Dec-2431-Mar-2431-Mar-2331-Mar-22
Assets149.66137.0574.9831.90
Revenue216.15199.60135.5342.36
Profit After Tax29.3023.5916.301.80
Net Worth76.5547.3924.111.80
Reserves & Surplus56.8747.6624.071.80
Total Borrowing54.0369.0938.8927.31
About Borana Weaves Company

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 the 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.

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Borana Weaves - Promoter(s)

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

Pre Issue Share Holding : 87.19%

Post Issue Share Holding : 65.24%

Borana Weaves IPO - Issue Objectives
1

Proposing to finance the cost of establishing a new manufacturing Unit to expand its production capabilities to produce grey fabric at Surat, Gujarat, India (Proposed Unit 4).

2

Funding incremental working capital requirements.

3

General Corporate Purposes.

Borana Weaves IPO - Anchor Investors

Borana Weaves raises Rs 65.2 crore via anchor book ahead of IPO.
Pink Oal Global Fund, Innovative Vision Fund, Aarth EIF Growth Fund, Saint Capital Fund, Nexus Equity Growth Fund,Rajasthan Global,Finavenue Capital and Sunrise Investment Trust were amongst 11 anchor investors.

Strength
Technological Advancement:Invested in state-of-the-art textile manufacturing technologies, including 700 high-tech water jet looms, enabling high production efficiency and superior quality.
Diverse Product Portfolio:The company has a specialised focus on grey fabric, allowing the company to concentrate its efforts on a single product line and cater to niche customer needs with a focused approach
Strong Market Reputation:The company has built a solid reputation for quality, reliability, and commitment to sustainable practices, well-regarded by domestic customers.
Weakness
Borana Weaves relies heavily on major suppliers for POY Yarn, its primary raw material. However, the company lacks long-term agreements with these suppliers, making it vulnerable to supply changes or cancellations.
Borana Weaves operates in a highly competitive Indian textile industry. Existing players and new entrants exert pricing pressures, reducing operating margins and profitability. The company must meet exacting quality standards, enhance manufacturing capabilities, and improve operating efficiencies to remain competitive.
Contact Details

Borana Weaves

Plot No AA/34, B 16/16, Hojiwala Industrial Estate, SUSML

+91-9898426338

info@boranagroup.in

https://www.boranagroup.in/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

bwl.ipo@kfintech.com

https://kosmic.kfintech.com/ipostatus/