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Borana Weaves IPO
146.72xsubscribed

Borana Weaves IPO

Textile - Weaving
listed
₹14,145Min. investment

Borana Weaves Limited IPO Details

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

Borana Weaves 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

As on 20-May-25, 5:30 PM

Borana Weaves IPO Timeline

  1. Pre-apply
    18 May 2025
  2. Bid start
    20 May 2025
  3. Bid end
    22 May 2025
  4. Allotment
    23 May 2025
  5. Release of funds
    26 May 2025
  6. Demat transfer
    26 May 2025
  7. Listing
    27 May 2025

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.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
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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.

Objectives of Borana Weaves Limited IPO

Capital expenditure
49.20%
The company will invest ₹71.35 crore to set up a new manufacturing unit in Gujarat, India.
General corporate purposes
32.60%
Part of the IPO proceeds will be used for general corporate purposes.
Working Capital
18.20%
The company will invest ₹26.5 crore to fund its working capital requirements.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹199.06Cr117%₹23.59Cr₹575.54Cr18.261.45
This sector (avg.)₹217.83Cr---₹0.96Cr₹544.8Cr105.851.28
₹0.29Cr----₹20.55Cr₹2,742.53Cr1,427.750
₹1,946.84Cr---₹52.02Cr₹2,528.62Cr47.390.20
₹2,221.62Cr---₹197.12Cr₹2,365.14Cr11.530.20

*Revenue for financial year 2023-24. Lower P/E and D/E ratios are generally preferred.

Borana Weaves IPO Contact Details

Company NameBorana Weaves Limited

How to apply for Borana Weaves IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Borana Weaves Limited IPO FAQs