Borana Weaves Limited IPO
Mainboard Allotment OutOffer Date: May 20, 2025 - May 22, 2025
Exp. Premium: 38-40 (17.59%)
₹ 14904 /69 Shares
Check Allotment*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.
20 May, 2025
Open Date22 May, 2025
Close Date23 May, 2025
Allotment Date27 May, 2025
Listing DateIssue Price
₹205-216 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedMarket Lot
Retail : 69 Shares (₹14,904/-)S-HNI : 966 Shares (₹2,08,656/-)
B-HNI : 4,692 Shares (₹10,13,472/-)
Lead Manager
Beeline Capital Advisors Pvt LtdIssue Size
67,08,000 shares(aggregating up to ₹144.89 Cr)Retail Portion
10% (Number of Retail Applications: 9,721 Approx),(Number of S-HNI Applications : 347 Approx),
(Number of B-HNI Applications : 694 Approx)
Subscription
timesBorana 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 and
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.
Borana Weaves IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | |
|---|---|---|---|---|
| Shares Offered / Reserved | 20,12,457 | 10,06,200 6,70,800 3,35,400 | 6,70,800 | N/A |
| Day 1 - 20-05-25 05:00 PM | 1.54 x | 11.40 9.21 x 15.78 x | 24.66 x | N/A x |
| Day 2 - 21-05-25 05:00 PM | 1.76 x | 53.07 46.93 x 65.36 x | 77.16 x | N/A x |
| Day 3 - 22-05-25 05:00 PM | 87.21 x | 237.38 239.74 x 232.67 x | 200.08 x | N/A x |
Borana Weaves Valuations
EPS Pre IPO
₹11.83/-EPS Post IPO
₹14.66/-P/E Pre IPO
18.26P/E Post IPO
14.73ROE
49.45%ROCE
27.42%Debt/Equity
RoNW
49.77%PAT Margin
11.85Price to Book Value
9.09Borana Weaves Company Financials All values are in ₹ Cr.
| 31-Dec-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|---|
| Assets | 149.66 | 137.05 | 74.98 | 31.90 |
| Revenue | 216.15 | 199.60 | 135.53 | 42.36 |
| Profit After Tax | 29.30 | 23.59 | 16.30 | 1.80 |
| Net Worth | 76.55 | 47.39 | 24.11 | 1.80 |
| Reserves & Surplus | 56.87 | 47.66 | 24.07 | 1.80 |
| Total Borrowing | 54.03 | 69.09 | 38.89 | 27.31 |
About The 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.
Borana Weaves - Strength and Weakness
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.
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.
Borana Weaves - Promoter(s)
Pre Issue Share Holding: 87.19%
Post Issue Share Holding: 65.24%
- 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
Borana Weaves IPO - Issue Objectives
- 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).
- Funding incremental working capital requirements.
- General Corporate Purposes.
Borana Weaves IPO - Anchor Investors
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.
Other Details
Borana Weaves
Plot No AA/34, B 16/16, Hojiwala Industrial Estate, SUSMLKfin Technologies Limited
Phone: 04067162222, 04079611000
Email: bwl.ipo@kfintech.com
Borana Weaves IPO - FAQs
Ans. Borana Weaves Limited IPO is a Mainboard IPO. The issue is priced at ₹205-216 per equity share. The minimum order quantity is 69 Shares. The IPO opens on May 20, 2025, and closes on May 22, 2025. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Borana Weaves Limited IPO opens on May 20, 2025 and closes on May 22, 2025.
Ans. The size of Borana Weaves Limited IPO is 67,08,000 shares(aggregating up to ₹144.89 Cr).
Ans. The IPO price band is set between ₹205-216 per equity share.
Ans. To apply for Borana Weaves Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Borana Weaves Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Borana Weaves Limited IPO is May 23, 2025.
Ans. The Borana Weaves Limited IPO will be listed on May 27, 2025.
Ans. Follow the steps to check the allotment status for Borana Weaves Limited IPO here.
