Borana Weaves IPO

146.72x

subscribed

Borana Weaves IPO

Textile - Weaving
listed
₹14,145Min. investment
  1. Pre-apply
    18 May
  2. Bid start
    20 May
  3. Bid end
    22 May
  4. Allotment
    23 May
  5. Release of funds
    26 May
  6. Demat transfer
    26 May
  7. Listing
    27 May

About Borana Weaves Limited

SectorTextile - Weaving
Price range₹205 – ₹216
IPO type
Regular
Lot size69 shares
Issue size₹144Cr
Red Herring Prospectus
Read
Market Cap
₹575.54CrLower than sector avg
RevenueApr 2023 - Mar 2024
₹199.06CrLower than sector avg
Growth rate3Y CAGR
117%

Borana Weaves Limited IPO Overview

Borana Weaves IPO Date

Borana Weaves IPO will open for subscription on May 20, 2025, and the closing date for the IPO is May 22, 2025. After this, investors are expected to be updated about the allotment status on Friday, May 23, 2025.

Investors who have been allotted shares can expect them to be credited to their demat account on May 26, 2025. The shares will be listed on the NSE and the BSE on Tuesday, May 27, 2025.

Borana Weaves IPO Price Band

The IPO includes only a fresh issue of shares. The IPO price band has been set between ₹205 to ₹216 per share. Interested investors can choose a price within this band to apply for the IPO.

The IPO is a book-building issue, comprising a fresh issue of ₹144.89 crore and no offer for sale component.

The Borana Weaves IPO listing price will be determined on May 27, 2025. The listing price is the price at which a company’s shares debut on the stock exchanges.

Borana Weaves IPO Lot Size

The Borana Weaves IPO details have been declared. The minimum lot size for an application is 69 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹144.89 crore.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

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Revenue
Higher revenue means strong sales and good market demand
This IPO
₹199.06Cr
This sector
₹217.83Cr
Compare with companies
PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹23.59Cr
This sector
₹0.96Cr
Compare with companies
Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹575.54Cr
This sector
₹624.85Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
18.26
This sector
43.57
Compare with companies
D/E ratio
Lower ratio usually means fewer liabilities
This IPO
1.45
This sector
1.28
Compare with companies

Objectives

Capital expenditure
49.20%
General corporate purposes
32.60%
Working Capital
18.20%

Strength and Weakness

Strategic advantage

The company specialises in unbleached synthetic grey fabric. Their presence in Surat, a major textile and apparel manufacturing hub, provides strategic advantages. The use of pollution-light machinery leads to lower employee costs and reduced labour issues. The manufacturing units are fully integrated.

Wide customer base

They have a wide customer base across various states, including Gujarat, Rajasthan, Uttar Pradesh, West Bengal, Haryana, and Delhi. The versatility of grey fabric allows the company to complement a wide range of unbleached fabrics across different styles.

Experienced management

Borana Weaves Limited is led by experienced promoters with extensive industry experience, who bring over 24 years of expertise in the textile industry, providing strong leadership and industry connections.

About Borana Weaves Limited

Incorporated in 2020, Borana Weaves Limited is a textile manufacturer based in Surat, Gujarat, India, specialising in the production of unbleached synthetic grey fabric and polyester textured yarn (PTY Yarn).
The fabrics produced by the company are an important part of the textile supply chain, which are processed further across various industries, including fashion, traditional textiles, home décor and others to make finished products. Borana Weaves operates three manufacturing units in Surat, Gujarat and plans to establish a 4th manufacturing unit to expand its production capabilities.

IPO Subscription Status

Date
QIB
NII
Retail
Total
20-May-25
1.55 times (X)
11.38 times (X)
25.26 times (X)
8.54 times (X)
21-May-25
1.76X
52.01X
77.56X
29.25X
22-May-25
87.21X
232.12X
197.14X
146.72X

Latest News on IPO

news logo
Borana Weaves specializes in the production of unbleached synthetic grey fabric, has filed its DRHP with SEBI in preparation for the IPO, the issue size will be of up to 70,00,000 equity shares with a face value of ₹10 each, all of which will be issued as a Fresh Issue. Beeline Capital Advisors Pvt Ltd is the Book Running Lead Managers to the Issue, while KFIN Technologies is Registrar to issue.
news logo
Borana Weaves Ltd has set a price band of Rs 205-216 per share for its IPO, opening on May 20 and closing on May 22. The issue comprises 67.08 lakh shares, aiming to raise up to Rs 144.89 crore. Funds will be used to expand manufacturing in Gujarat and meet working capital needs. The company operates three units with a capacity of 233.28 million meters annually.
news logo
Surat-based textile maker Borana Weaves filed draft papers with SEBI for its initial public offering involving a fresh issue of 70 lakh equity shares. The company runs three units in Surat and manufactures unbleached synthetic grey fabric, which finds extensive usage for further processes such as dyeing and printing purposes in industries like fashion, traditional textiles, technical textiles.

Frequently asked questions

How to invest in the IPO?

Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Borana Weaves IPO ?

The issue size of the Borana Weaves IPO is 144 Cr.

What is 'pre-apply' for Borana Weaves IPO ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Borana Weaves IPO shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.