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The Borana Weaves IPO will open for subscription on May 20, 2025, and close on May 22, 2025. It is a Book Built Issue, through which the company aims to raise approximately ₹144.89 crores. This includes a fresh issue worth ₹144.89 crores, while details of the offer for sale are yet to be disclosed. Each equity share has a face value of ₹10.
The price band for the IPO is set between ₹205 and ₹216 per share. The allocation is divided as follows: 75% for Qualified Institutional Buyers (QIBs), 15% for High Net-worth Individuals (HNIs), and 10% for retail investors.
The IPO allotment is expected on May 23, 2025, and the shares are likely to be listed on both BSE and NSE on May 27, 2025.
In terms of financial performance, Borana Weaves reported a revenue of ₹199.60 crores in FY 2024, up from ₹135.53 crores in FY 2023. Net profit also increased to ₹23.59 crores in 2024, compared to ₹16.30 crores in the previous year.
Given the company’s consistent growth, experts suggest that the IPO could be a good long-term investment opportunity.
Borana Weaves IPO – Key Information at a Glance
Borana Weaves is all set to launch its Initial Public Offering (IPO), opening the doors for public investment. Here’s everything you need to know:
- IPO Opening Date: May 20, 2025
- IPO Closing Date: May 22, 2025
- Face Value per Share: ₹10
- Price Band: ₹205 to ₹216 per equity share
- Total Issue Size: Approximately ₹144.89 crore
- Fresh Issue Component: ₹144.89 crore
- Issue Type: Book Built Issue
- Proposed Listing: BSE and NSE
- Retail Individual Investors (RII): Up to 10%
- Qualified Institutional Buyers (QIB): Up to 75%
- Non-Institutional Investors (NII): Up to 15%
- Draft Red Herring Prospectus (DRHP) : Click Here
- Red Herring Prospectus (RHP) : Click Here
- List of Anchor Investors : Click Here
Borana Weaves IPO Market Lot Details
The minimum market lot for the Borana Weaves IPO is 69 shares, requiring an application amount of ₹14,904. Retail investors can apply for up to 13 lots, which amounts to 897 shares and a total application value of ₹1,93,752.
| Application Category | Lot Size | Number of Shares | Application Amount (₹) |
|---|---|---|---|
| Retail Minimum | 1 | 69 | 14,904 |
| Retail Maximum | 13 | 897 | 1,93,752 |
| S-HNI Minimum | 14 | 966 | 2,08,656 |
| B-HNI Minimum | 68 | 4,692 | 10,13,472 |
Borana Weaves IPO Schedule
The Borana Weaves IPO opens on May 20, 2025, and closes on May 22, 2025. The allotment results will be announced on May 23, 2025. Refunds and credit of shares to investors’ Demat accounts will be processed by May 26, 2025. The IPO is scheduled to be listed on the stock exchange on May 27, 2025.
| Event | Date |
|---|---|
| IPO Opening Date | May 20, 2025 |
| IPO Closing Date | May 22, 2025 |
| Basis of Allotment | May 23, 2025 |
| Refunds | May 26, 2025 |
| Credit to Demat Account | May 26, 2025 |
| IPO Listing Date | May 27, 2025 |
Promoters of Borana Weaves IPO
The promoters of Borana Weaves include Mangilal Ambalal Borana, Ankur Mangilal Borana, Rajkumar Mangilal Borana, Dhwani Ankur Borana, along with Mangilal Ambalal Borana HUF, Ankur Mangilal Borana HUF, Rajkumar Mangilal HUF, and Borana Filaments Private Limited.
About Borana Weaves IPO
Borana Weaves Ltd is a well-known name in the textile manufacturing industry, recognized for its seamless and efficient process from fibre to fabric. Established in 2020, the company has prioritized fast and high-quality production through its state-of-the-art manufacturing facility. Equipped with 24 advanced high-speed water jet looms, Borana Weaves ensures enhanced production efficiency without compromising on quality.
The company’s mission focuses on strengthening its manufacturing capabilities while exploring new growth opportunities. Committed to delivering premium quality textiles and innovative products, Borana Weaves covers the entire process—from POY (Partially Oriented Yarn) to PTY (Processed Yarn), including warping, sizing, and weaving—demonstrating its expertise in textile manufacturing.
Borana Weaves IPO Company Financial Report
Borana Weaves reported a revenue of ₹199.60 crores in the financial year 2024, up from ₹135.53 crores in 2023. The company’s profit after tax also rose, reaching ₹23.59 crores in 2024 compared to ₹16.30 crores in 2023.
Financial Summary (₹ in Crores)
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 2022 | 42.36 | 40.17 | 1.80 | 31.90 |
| 2023 | 135.53 | 115.63 | 16.30 | 74.98 |
| 2024 | 199.60 | 171.21 | 23.59 | 137.05 |
| September 2024 | 215.71 | 179.40 | 29.31 | 149.67 |
Borana Weaves IPO Valuation – FY2024
Key financial performance indicators for FY2024 include:
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 49.45% |
| Return on Capital Employed (ROCE) | 27.42% |
| EBITDA Margin | 20.68% |
| Profit After Tax (PAT) Margin | 11.85% |
| Debt to Equity Ratio | 1.87 |
| Earnings Per Share (EPS) (Basic) | ₹11.83 |
| Price to Earnings (P/E) Ratio | Not Available |
| Return on Net Worth (RoNW) | 49.77% |
| Net Asset Value (NAV) | ₹23.77 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW (%) | NAV | Income (Cr.) |
|---|---|---|---|---|---|
| NA | – | – | – | – | – |
| Na | – | – | – | – | – |
Objects of the Issue
- To finance the establishment of a new manufacturing unit (“Proposed Unit 4”) in Surat, Gujarat, aimed at expanding production capacity for grey fabric.
- To fund additional working capital needs.
- To support general corporate purposes.
Borana Weaves IPO Review
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Borana Weaves IPO Registrar
KFin Technologies Limited
Phone: 040-6716 2222, 040-7961 1000
Email: bwl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers (Merchant Bankers)
- Beeline Capital Advisors Pvt Ltd
Company Contact
Borana Weaves Limited
Plot No AA/34, B 16/16,
Hojiwala Industrial Estate, SUSML,
Sachin, Gujarat
Phone: +91-98984 26338
Email: info@boranagroup.in
Website: https://www.boranagroup.in/
Borana Weaves IPO FAQs
- 1. What is Borana Weaves IPO?
- Borana Weaves IPO is a Mainboard offering through which the company aims to raise ₹144.89 Crores. The issue price is set between ₹205 and ₹216 per equity share. The IPO will be listed on both the BSE and NSE stock exchanges.
- 2. When will the Borana Weaves IPO open for subscription?
- The IPO subscription will open on May 20, 2025, for Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and Retail Investors. It will close on May 22, 2025.
- 3. What is the investor allocation in Borana Weaves IPO?
- The allocation is divided as follows: 75% for QIBs, 15% for NIIs, and 10% for Retail Investors.
How to Apply for Borana Weaves IPO?
You can apply for the Borana Weaves IPO through ASBA (Application Supported by Blocked Amount) online using your bank account. Alternatively, you can apply via ASBA online through UPI with your stockbroker. Offline applications are also accepted through your stockbroker by submitting the physical application form.
- 1. What is the Borana Weaves IPO Issue Size?
- The issue size of Borana Weaves IPO is ₹144.89 crores.
- 2. What is the Borana Weaves IPO Price Band?
- The IPO price band is set between ₹205 and ₹216 per share.
- 3. What is the Borana Weaves IPO Lot Size?
- The minimum bid size is 69 shares, amounting to approximately ₹14,904.
- 4. When is the Borana Weaves IPO Allotment Date?
- The allotment date is scheduled for May 23, 2025.
- 5. When is the Borana Weaves IPO Listing Date?
- The IPO is expected to be listed on BSE and NSE on May 27, 2025.
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