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About Borana Weaves IPO
Borana Weaves is preparing to launch a ₹144.89 crore book. This issue will be a complete offer-for-sale of 144.89 Cr shares. The company will be listed on both the BSE and NSE.
Retail investors must make a minimum investment of ₹14,904 for 69 shares. Small NII investors require a minimum investment of ₹2,08,656 for 966 shares (14 lots). Large NII investors need a minimum investment of ₹10,13,472 for 4692 shares, which is 67 lots.
Kfin Technologies Ltd is the registrar to the issue. Beeline Capital Advisor Pvt Ltd is the book running lead managers in this Borana IPO.
Borana Weaves IPO GMP Details:
The most recent GMP of the IPO is Rs 40, as of 22nd May, 2025 10:00 AM. The IPO has a price band of Rs 216. The estimated listing price for Borana Weaves is Rs 256, reflecting a potential gain of 18% per share.
Borana Weaves IPO Details
| Borana Weaves IPO Open-Close Date | 20th May 2025(open) – 22nd May 2025 (close) |
| Face Value | Rs 10 per share |
| Price Band | ₹205.00-216.00 Per Share |
| Lot Size | 69 Shares |
| Total Issue Size | 67,08,000 shares (For ₹144.89 Cr) |
| Offer for Sale | 67,08,000 shares (For ₹144.89 Cr) |
| Employee Discount | Rs 2 per share |
| Issue Type | Book-Built Type Issue |
| Listing At | NSE, BSE |
| Shareholding Pre-Issue | 1,99,37,295 shares |
| Shareholding Post Issue | 2,66,45,295 shares |
| Basis of Allotment | 23rd May, 2025 |
| Refund Initiation | 26th May, 2025 |
| Credit of Shares in Demat | 26th May, 2025 |
| Listing Date | 27th May, 2025 |
| Cut-off time for UPI mandate confirmation | 22nd May, 2025 |
| Draft Red Herring Prospectus | Link |
| Red Herring Prospectus | Link |
Borana Weaves IPO Company Details
Established in 2020, Borana Weaves Limited is a textile manufacturing company based in Surat, Gujarat — a well-known hub for the textile industry in India.
The company specializes in producing unbleached synthetic grey fabric, which serves as a raw base material. This fabric is commonly used in various industries such as fashion, home décor, traditional textiles, interior design, and technical textiles, where it undergoes further processes like dyeing and printing.
In addition to grey fabric, Borana Weaves also manufactures polyester textured yarn (PTY yarn). This is made by heating polyester oriented yarn (POY yarn), which is the raw material used in creating their fabric. PTY yarn is known for its strength, elasticity, and texture, making it suitable for multiple textile applications.
The company runs three manufacturing units in Surat, all equipped with advanced textile machinery. Their setup includes equipment for:
- Texturizing
- Warping
- Water jet weaving
- Folding and finishing fabrics
As of September 30, 2024, Borana Weaves operated:
- 15 texturizing machines
- 6 warping machines
- 700 water jet looms
- 10 fabric folding machines
These facilities enable the company to maintain large-scale production while ensuring quality and efficiency across its product range.
Borana Weaves Lot Size, Shares, And Their Value:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 69 | ₹ 14,902 |
| Retail (Max) | 13 | 897 | ₹1,93,752 |
| S-HNI (Min) | 14 | 966 | ₹2,08,656 |
| S-HNI (Max) | 67 | 4,623 | ₹9,98,568 |
| B-HNI (Min) | 68 | 4,692 | ₹10,13,472 |
Investor categories and Borana Weaves shares offered:
| Investor Category | Shares Offered |
| QIB Shares Offered | Not less than 75% of the Issue |
| Retail Shares Offered | Not more than 10% of the Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Issue |
Borana Weaves Financials:
| Periods Ended | 31st Dec 2024 | 31st Mar 2024 | 31st Mar 2023 | 31st Mar 2022 |
| Assets | 149.67 | 137.05 | 74.98 | 31.90 |
| Revenue | 215.71 | 199.60 | 135.53 | 42.36 |
| Profit After Tax | 29.31 | 23.50 | 16.30 | 1.80 |
| Net Worth | 76.55 | 47.39 | 24.11 | 1.81 |
| Reserves and Surplus | 56.87 | 47.66 | 24.07 | 1.80 |
| Total Borrowing | 54.03 | 69.10 | 38.89 | 27.31 |
Should You Invest in the Borana Weaves IPO?
Borana Weaves Limited has shown strong financial growth over the past few years. From March 2022 to December 2024, the company has significantly increased its assets, revenue, and profits reflecting steady expansion and improving business performance. The company’s total assets grew from ₹31.90 crore in March 2022 to ₹149.67 crore by December 2024, showing that it has invested in growing its operations and capacity.
The company’s revenue (total sales) has seen a strong rise from ₹42.36 crore in FY 2021–22 to ₹215.71 crore in just the first nine months of FY 2024–25. This consistent rise in income reflects high demand for the company’s products. Similarly, profits after tax have grown sharply from ₹1.80 crore in 2022 to ₹29.31 crore by December 2024, showing that Borana Weaves is not only growing in size but also becoming more profitable.
The company’s net worth (value of the business after subtracting liabilities) jumped from ₹1.81 crore to ₹76.55 crore in the same period. This means the company is building strong financial value for its owners and shareholders. Its reserves and surplus, which reflect retained profits, also increased from ₹1.80 crore to ₹56.87 crore, a clear sign of financial health and long-term stability.
Meanwhile, total borrowings (loans and debt) rose until FY 2023–24 but reduced in the latest period, dropping from ₹69.10 crore to ₹54.03 crore by December 2024. This is a positive signal that the company may be repaying loans or needing less debt as its revenues and profits grow.
Key Highlights:
- Revenue grew from ₹42.36 crore in 2022 to ₹215.71 crore in Dec 2024.
- Profit after tax increased over 16x — from ₹1.80 crore to ₹29.31 crore.
- Assets increased nearly 5x — from ₹31.90 crore to ₹149.67 crore.
- Net worth rose from ₹1.81 crore to ₹76.55 crore, showing strong financial growth.
- Reserves & Surplus improved significantly from ₹1.80 crore to ₹56.87 crore.
- Borrowings decreased in the latest period — from ₹69.10 crore to ₹54.03 crore.
Borana Weaves Limited has demonstrated strong business performance, backed by rising revenues, healthy profits, and improving financial strength making it a promising and stable player in the textile manufacturing sector.
Borana Weaves Key Performance Indicators (KPI) and their values:
The market capitalization of Borana Weaves IPO is Rs 575.54 Cr. crore. As of 31st March 2024
| KPI | Values |
| Return on Net Worth (RoNW) | 49.77 |
| Price to Book Value (P/BV) | 9.09 |
| ROE | 49.54 |
| PAT Margin (%) | 9.09 |
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Frequently Asked Questions (FAQs)
What is the price band of Borana Weaves’s IPO?
Price band has been fixed at Rs 205 and Rs 216 per share.
What is the retail investor quota of Borana Weaves’s IPO?
A maximum of 10% shares shall go to the retail investors.
How can I apply for Borana Weaves’s Initial Public Offer?
Through your demat account or through your bank/financial institution during the IPO period.
When is the Last Date of IPO subscription for Borana Weaves?
The cut-off time is on 22nd May 2025, by 5 PM; however, most brokers do not take any more applications after 1-3 PM.
