Borana Weaves IPO Details
The Borana Weaves IPO is a book build issue with a total issue size of ₹144.89 cr, comprising of fresh issue of 6708000 equity shares. Borana Weaves IPO opened for subscription on May 20, 2025 and closed on May 22, 2025. Borana Weaves IPO is set price band at ₹205 to ₹216 per share, with a lot size of 69 shares. Minimum investment for Retail investors was ₹14,904.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on May 23, 2025, and listed on both the NSE and BSE on May 27, 2025.
Kfin Technologies Limited has been appointed as the registrar. Beeline Capital Advisors Pvt Ltd are the Book Running Lead Manager for the issue.
Before investing in the Borana Weaves IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 205 – 216
- Lot Size
- 69
- Issue Size
- ₹144.89 Cr
- Minimum Investment
- ₹14904 (69 Shares)
- Listing Date
- 27 May 2025
Current GMP
₹43 (+19.91%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Borana Weaves Limited
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.
Borana Weaves IPO 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%
Borana Weaves IPO Objective
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
Book Running Lead Managers
- Beeline Capital Advisors Pvt Ltd
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 with a total issue size of ₹144.89 crore. The Borana Weaves IPO price band is ₹205 to 216 per share. The Borana Weaves IPO subscription opens on Tue, May 20, 2025, and closes on Thu, May 22, 2025. The Borana Weaves IPO will be listed on the BSE,NSE. Kfin Technologies Limited is the registrar for the Borana Weaves IPO.
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 per share.
Borana Weaves IPO lot size is 69 shares, Retail investors need a minimum investment of ₹14904 based on the upper price band
The minimum investment for Borana Weaves IPO is ₹14904, based on one lot of 69 shares at the upper price band of ₹216 per share.
Investors can apply for the Borana Weaves IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, May 22, 2025. The application amount remains blocked until the Borana Weaves IPO allotment is finalized.
Borana Weaves IPO issue size is ₹144.89 crores.
Borana Weaves IPO allotment date is Wed, Jul 1, 2026.
The registrar for Borana Weaves IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website to check Borana Weaves IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.