Borana Weaves IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Tue, 20 May 2025
Close Date
Thu, 22 May 2025
Price Band
₹ 205 – 216
Lot Size
69
Issue Size
₹ 144.89 Cr
Minimum Investment
₹ 14,904 (69 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Borana Weaves IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹144.89 Crore, comprising a fresh issue of 67.08 Lakh equity shares aggregating to ₹144.89 Crore.
The Borana Weaves IPO remained open for subscription from May 20, 2025, to May 22, 2025. The basis of allotment was finalized on May 23, 2025, and the company's shares were listed on the NSE and BSE on May 27, 2025.
The company had fixed the price band at ₹205 to ₹216 per share, with a lot size of 69 shares. Retail investors were required to make a minimum investment of ₹14,904 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Beeline Capital Advisors Pvt Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Borana Weaves Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Borana Weaves IPO Timeline (Tentative)
- IPO Open Date
- Tue, 20 May 25
- IPO Close Date
- Thu, 22 May 25
- Basis of Allotment
- Fri, 23 May 25
- Initiation of Refunds
- Mon, 26 May 25
- Credit of Shares to Demat
- Mon, 26 May 25
- Listing Date
- Tue, 27 May 25 — NSE & BSE
Open Date
20 May 2025
Close Date
22 May 2025
Basis Of Allotment
23 May 2025
Listing Date
27 May 2025
IPO Subscription
Check Live Subscription →The Borana Weaves IPO has received bids for 54,89,17,425 shares against 36,89,457 shares offered, resulting in an overall subscription of 148.78x. the NII category is subscribed 237.42x, Retail Investors 200.53x, and QIBs 87.21x. Within the NII category, BNII is subscribed 239.74x, while SNII is subscribed 232.78x.
QIB
87.21x
NII
237.42x
BNII
239.74x
SNII
232.78x
RII
200.53x
Total
148.78x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 6,70,800 shares, representing 18.18% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 20,12,457 shares (54.55%), while Non-Institutional Investors (NIIs) receive 10,06,200 shares (27.27%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 2,012,457 | 54.55% |
| Non-Institutional | 1,006,200 | 27.27% |
| BNII | 670,800 | 18.18% |
| SNII | 335,400 | 9.09% |
| Retail Investors | 670,800 | 18.18% |
| Total | 3,689,457 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Borana Weaves Limited KPI Information
| Particular | KPI As On |
|---|---|
| ROE % | 49.45 |
| ROCE % | 27.42 |
| RoNW % | 49.77 |
| Pat Margin % | 11.85 |
Peers Comparison
No Peer Comparision Available
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
Borana Weaves Limited Address / Contact Details
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
Borana Weaves IPO Lot Size
The Borana Weaves IPO has a lot size of 69 shares. Retail investors require a minimum investment of ₹14,904 by applying for 1 lot (69 shares). The maximum application allowed for the retail category is 13 lots (897 shares), requiring an investment of ₹1,93,752.
| 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 |
Issue Reservation
- QIB — 54.55%
- NII — 27.27%
- RII — 18.18%
Book Running Lead Managers
- Beeline Capital Advisors Pvt Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Borana Weaves 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.
When will the Borana Weaves IPO open for subscription?
The Borana Weaves IPO opens on Tue, May 20, 2025 and closes on Thu, May 22, 2025
What is Borana Weaves IPO Price Band?
Borana Weaves IPO Price Band is ₹205 to 216 per share.
What is Borana Weaves IPO Lot Size?
Borana Weaves IPO lot size is 69 shares, Retail investors need a minimum investment of ₹14904 based on the upper price band
What is the minimum investment for Borana Weaves IPO?
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.
How to apply for Borana Weaves IPO?
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.
What is Borana Weaves IPO Issue Size?
Borana Weaves IPO issue size is ₹144.89 crores.
What is the Borana Weaves IPO Allotment Date?
Borana Weaves IPO allotment date is Fri, May 23, 2025.
Who is the Borana Weaves IPO Registrar?
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.
What is the Borana Weaves IPO GMP?
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 19.91% over the issue price.
Who is the Borana Weaves IPO Lead Manager?
The book-running lead managers (BRLMs) for the Borana Weaves IPO are Beeline Capital Advisors Pvt Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Borana Weaves IPO Red Herring Prospectus (RHP).