Borana Weaves Limited manufacturer of unbleached synthetic grey fabric based in Surat, Gujarat. The company’s unbleached synthetic grey fabric is often widely used as a base for further processing (including dyeing and printing) in industries such as fashion, traditional textiles, technical textiles, home decor, interior design, etc.
The company also manufactures polyester textured yarn (“PTY Yarn”), which is produced by heating polyester oriented yarn (“POY Yarn”), our raw material used in the production of grey fabric.
Borana Weaves Limited company operates three manufacturing units in Surat, Gujarat, equipped with textile manufacturing technologies for, inter alia, texturizing, warping, water jet looms, and textile folding.
As of September 30, 2024, the company had 15 texturizing machines, 6 warping machines, 700 water jet looms, and 10 folding machines active at its three units.
Borana Weaves IPO – Details
| IPO Opening Date | 20 May 2025 |
| IPO Closing Date | 22 May 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 67,08,000 Shares Worth ₹144.89 Crore Fresh Issue: 67,08,000 Shares Worth ₹144.89 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹205 – ₹216 per share |
| Market Lot | 69 Shares |
| Min Order | 69 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
Borana Weaves IPO – Date Schedulf
| IPO Open Date | 20 May 2025 |
| IPO Close Date | 22 May 2025 |
| Basis of Allotment | 23 May 2025 |
| Initiation of Refund | 26 May 2025 |
| Credit of Shares to Demat Account | 26 May 2025 |
| IPO Listing Date | 27 May 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 22, 2025 |
Borana Weaves IPO – Lots Size & Price
| Application | Lots | Shares | 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 |
Competitive Strengths
- Market position in grey fabric and Polyester Textured Yarn (“PTY”) manufacturing.
- Investment in highly efficient water jet looms capable of producing flawless fabric in both quality and quantity.
- Fully integrated manufacturing units are established in a strategic location.
- Delivering strong financial and operating metrics.
- Experienced Promoters with execution capabilities.
Company Promoters
- Mangilal Ambalal Borana
- Ankur Mangilal Borana
- Rajkumar Mangilal Borana
- Dhwani Ankur Borana
- Mangilal Ambalal Borana HUF
- Ankur Mangilal Borana HUF
- Rajkumar Mangilal HUF
- Borana Filaments Private Limited
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 42.36 | 40.16 | 1.79 | 273.12 |
| 31 March 2023 | 135.52 | 115.63 | 16.30 | 388.93 |
| 31 March 2024 | 199.60 | 171.21 | 23.58 | 690.98 |
| 31 December 2024 | 215.70 | 179.39 | 29.30 | 540.34 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 49.45% |
| ROCE | 27.42% |
| RoNW | 49.77% |
| PAT Margin | 11.85 |
| Pre IPO | Post IPO | |
| EPS (Rs) | – | – |
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 requirements.
- General corporate purposes.
Borana Weaves IPO Peer Comparison
- The Company does not have any listed industry peers in India or abroad.
Borana Weaves IPO Promoter Holding
| Pre Issue Share Holding | 87.19% |
| Post Issue Share Holding | 65.24% |
Borana Weaves IPO Prospectus
Company Contact Information
| Borana Weaves Limited Plot No AA/34, B 16/16, Hojiwala Industrial Estate, SUSML, Sachin, Phone: +91-9898426338 Email: info@boranagroup.in Website: https://www.boranagroup.in/ |
Borana Weaves IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: bwl.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Borana Weaves IPO Lead Manager(s)
| 1. Beeline Capital Advisors Pvt Ltd |
Borana Weaves IPO FAQs
| What is Borana Weaves IPO? Borana Weaves IPO is a main-board IPO. The issue is priced at ₹205 to ₹216 per equity share. The IPO is to be listed on BSE & NSE. |
| When Borana Weaves IPO will open? The IPO is to open on 20 May 2025 for QIB, NII, and Retail Investors. |
| What is Borana Weaves IPO Investors Portion? The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%. |
| How to Apply the Borana Weaves IPO? You can apply Borana Weaves IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Borana Weaves IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Borana Weaves IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Borana Weaves IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Borana Weaves IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Borana Weaves IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Borana Weaves IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Borana Weaves IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Borana Weaves IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Borana Weaves IPO Size? Borana Weaves IPO size is ₹144.89 Crore. |
| What is the Borana Weaves IPO Price Band? Borana Weaves IPO Price Band is ₹205 to ₹216. |
| What is Borana Weaves IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 69 Shares with ₹14,904 amount while the maximum bid is 897 Shares with ₹1,93,752. |
| What is the Borana Weaves IPO Allotment Date? Borana Weaves IPO allotment date is 23 May 2025. |
| What is the Borana Weaves IPO Listing Date? Borana Weaves IPO listing date is 27 May 2025. The IPO is to be listed on BSE and NSE. |
