Borana Weaves IPO
Open MainLineCurrent GMP
₹43 (+19.91%)
Price Band
₹ 205 – 216
Lot Size
69
Issue Size
₹144.89 Cr
Minimum Investment
₹14904 (69 Shares)
Listing Date
27 May 2025
Subscription
148.78x
About the Company
Borana Weaves Limited is a textile manufacturing company based in Surat, Gujarat, India. Established in 2020, the company began production from its first unit in 2021 and now operates three manufacturing units in the Hojiwala Industrial Estate, Surat. It specializes in the production of unbleached synthetic grey fabric and polyester textured yarn (PTY Yarn).
Key Products:
- Unbleached Synthetic Grey Fabric: Used as a base material for dyeing, printing, and further processing across sectors like fashion, home décor, traditional and technical textiles.
- Polyester Textured Yarn (PTY Yarn): Made by processing polyester oriented yarn (POY Yarn), which is also used to produce grey fabric.
Industry & Sector:
- Industry: Textile
- Sector: Weaving
- Activity: Manufacturing
Manufacturing Infrastructure:
- The company operates three units totaling over 17,000 sq. meters and is equipped with:
- 15 texturizing machines
- 6 warping machines
- 700 water jet looms
- 10 folding machines
Market & Growth:
- Borana Weaves has seen strong growth, catering to 204 customers during the 9 months ending December 2024, primarily wholesalers based in Gujarat.
- Revenue Growth:
- FY 2022: ₹4,233.40 lakhs
- FY 2023: ₹13,539.90 lakhs
- FY 2024: ₹19,905.56 lakhs
- 9M FY2025: ₹21,161.52 lakhs
- CAGR: 116.84% over the last three financial years
Industry Outlook:
- Rising demand for synthetic textiles in India due to affordability, durability, and evolving fashion trends.
- Domestic polyester demand expected to grow from 4 million tonnes to 6.7 million tonnes by 2025.
- Global man-made fiber market is projected to grow at 3.7% annually by 2025.
Leadership:
- Promoter & CMD: Mangilal Ambalal Borana (24+ years experience)
- Executive Directors: Ankur Mangilal Borana and Rajkumar Mangilal Borana (10+ years each in the textile industry)
Borana Weaves Limited has leveraged its location, industry trends, and leadership expertise to position itself as a growing player in the synthetic textile manufacturing space in India.
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
Promoters Holding
Holding Pre Issue
87.19%
Holding Post Issue
0.00%
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
- 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; and
- General Corporate Purposes
Address / Contact Info
Borana Weaves Limited
Plot No AA/34, B 16/16,
Hojiwala Industrial Estate,
SUSML, Sachin, Surat,
Gujarat - 394230
Phone: +91-9898426338
Email: info@boranagroup.in
Website: https://www.boranagroup.in/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 20 May 2025
IPO Close Date
Thursday, 22 May 2025
Basis of Allotment
Friday, 23 May 2025
Initiation of Refunds
Monday, 26 May 2025
Credit of Shares to Demat
Monday, 26 May 2025
Listing Date
Tuesday, 27 May 2025 — NSE & BSE
Important Dates
Open Date
20 May 2025
Close Date
22 May 2025
Basis Of Allotment
23 May 2025
Listing Date
27 May 2025
Financial Performance (₹ in Crores)
| Particular | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 1496.65 | 137.05 | 74.98 | 31.9 |
| Revenue | 2157.07 | 199.6 | 135.53 | 42.36 |
| Profit After Tax | 293.06 | 23.59 | 16.3 | 1.8 |
| Net Worth | 765.51 | 473.9 | 241.1 | 18.09 |
| Reserve & Surplus | 568.71 | 47.66 | 24.07 | 1.8 |
| Total Borrowings | 540.34 | 690.98 | 388.93 | 273.12 |
EPS Pre
0.00%
EPS Post
0.00%
P/E Pre
0.00
P/E (Post Issue)
0.00x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI As On |
|---|---|
| ROE % | 49.45 |
| ROCE % | 27.42 |
| Debt / Equity | 0 |
| RoNW % | 49.77 |
| PbW | 0 |
| Pat Margin % | 11.85 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 2012457 | 54.55 | 0 |
| Non-Institutional | 1006200 | 27.27 | 0 |
| BNII | 670800 | 18.18 | 0 |
| SNII | 335400 | 9.09 | 0 |
| Retail Investors | 670800 | 18.18 | 0 |
| Total | 3689457 | 100 | 0 |
Subscription Status ( Thu, 22 May 25 01:59 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 2012457 | 175511298 | 87.21x |
| Non-Institutional | 1006200 | 238890213 | 237.42x |
| BNII | 670800 | 160814574 | 239.74x |
| SNII | 335400 | 78075639 | 232.78x |
| Retail Investors | 670800 | 134515914 | 200.53x |
| Total | 3689457 | 548917425 | 148.78x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 69 | 14,904.00 |
| Retail (Max) | 13 | 897 | 193,752.00 |
| S-HNI (Min) | 14 | 966 | 208,656.00 |
| S-HNI (Max) | 67 | 4,623 | 998,568.00 |
| B-HNI (Min) | 68 | 4,692 | 1,013,472.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Beeline Capital Advisors Pvt Ltd
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Borana Weaves IPO is a Book-building IPO worth ₹144.89 crores. The price band is ₹205 to 216 per share. The IPO opens on Tue, May 20, 2025 and closes on Thu, May 22, 2025. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Borana Weaves IPO opens on Tue, May 20, 2025 and closes on Thu, May 22, 2025
Borana Weaves IPO Price Band is ₹205 to 216.
Borana Weaves IPO lot size is 69, and the minimum amount required for application is ₹14904.
The minimum investment for Borana Weaves IPO is approximately ₹14904 based on the upper price band.
To apply for the Borana Weaves IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, May 22, 2025. After submission, funds are blocked until the basis of allotment of Borana Weaves IPO is finalised.
Borana Weaves IPO issue size is ₹144.89 crores.
Borana Weaves IPO allotment date is Sat, Jun 27, 2026.
The registrar for Borana Weaves IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Borana Weaves IPO through their official website or helpline.
The Borana Weaves IPO GMP (Grey Market Premium) is ₹43 as of Tue, May 27, 2025. Based on the upper price band of ₹216 per share, the estimated Borana Weaves IPO listing price is ₹259, indicating a potential listing gain of approximately 31% over the issue price.