
Borana Weaves
Mainboard₹14,904 / 69 Shares
IPO Live Subscription Details (times)
Bids below ₹10L: 15.98x
NII Total: 11.55
IPO Details
Borana Weaves IPO is priced between ₹205-216 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the Mainboard, and Kfin Technologies Limited is managing the issue as the registrar.
The IPO bidding period opened on 20 May, 2025, and closed on 22 May, 2025. The allotment results will be announced on 23 May, 2025, with a tentative listing date set for 27 May, 2025.
The total issue comprises 67,08,000 shares, amounting to ₹144.89 Cr.
Borana Weaves IPO Highlights
IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
---|---|---|---|---|---|---|---|
May 20, 2025 - May 22, 2025 | 27 May, 2025 | ₹10 Per Equity Share | ₹205-216 per equity share | 69 Shares | Shares | - | BSE, NSE |
Borana Weaves IPO Timeline
Issue Price
₹205-216 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedMarket Lot
Retail: 69 Shares (₹14,904/-)S-HNI: 966 Shares (₹2,08,656/-)
B-HNI: 4,692 Shares (₹10,13,472/-)
Lead Manager
Beeline Capital Advisors Pvt LtdIssue Size
67,08,000 shares(aggregating up to ₹144.89 Cr)Retail Portion
10% (Number of Retail Applications: 9,721 Approx),(Number of S-HNI Applications : 347 Approx),(Number of B-HNI Applications : 694 Approx)Subscription
148.69 timesBorana Weaves IPO Financial Information
Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
---|---|---|---|---|---|---|
31 Dec 24 | 149.66 | 216.15 | 29.30 | 76.55 | 56.87 | 54.03 |
31 Mar 24 | 137.05 | 199.60 | 23.59 | 47.39 | 47.66 | 69.09 |
31 Mar 23 | 74.98 | 135.53 | 16.30 | 24.11 | 24.07 | 38.89 |
31 Mar 22 | 31.90 | 42.36 | 1.80 | 1.80 | 1.80 | 27.31 |
All values are in ₹ Cr.
Borana Weaves IPO Valuations
EPS PRE IPO ₹11.83/- | EPS POST IPO ₹14.66/- | PE PRE IPO 18.26 | PE POST IPO 14.73 | ROE 49.45% |
ROCE 27.42% | DEBT EQUITY - | RONW 49.77% | PAT MARGIN 11.85 | PRICE TO BOOK VALUE 9.09 |
About Company
Borana Weaves Limited, a textile manufacturing company incorporated on 2020 is located at Surat. A company specialising in the production of unbleached synthetic grey fabric, it is an essential actor in the supply chain of the fabric that acts as a base layer for subsequent processing, like the dyeing, printing, and finishing. This material is widely applied in different industries, namely, the fashion industry, traditional textile industry, technical textile industry, home décor, and interior design.Apart from grey fabrics, Borana Weaves Limited also produces the polyester textured yarn (PTY Yarn). This yarn is manufactured through heating and texturizing of a critical raw material of the production of their fabric, namely processed polyester oriented yarn (POY Yarn).
The company has three manufacturing units situated at Surat, Gujarat, all well-equipped. Integrated are modern textile technologies and machinery – 15 texturizing machines, 6 warping machines, 700 water jet looms, and 10 folding machines (as of September 30, 2024). Such impressive infrastructure has made Borana Weaves strike a very firm footing in terms of producing consistently and developing sustainably in the synthetic textile business.
Borana Weaves IPO Subscription Details
As on | QIB | NII bNII sNII | Retail | Total |
---|---|---|---|---|
Shares Offered / Reserved | 20,12,457 | 10,06,200 6,70,800 3,35,400 | 6,70,800 | 36,89,457 |
Day 1 - 20-05-25 05:00 PM | 1.54 x | 11.40 9.21 x 15.78 x | 24.66 x | 8.44 x |
Day 2 - 21-05-25 05:00 PM | 1.76 x | 53.07 46.93 x 65.36 x | 77.16 x | 29.46 x |
Day 3 - 22-05-25 05:00 PM | 87.21 x | 237.38 239.74 x 232.67 x | 200.08 x | 148.69 x |
Retail:166x
BHNI:47x
SHNI:223x times
Borana Weaves IPO - Issue Objectives
- 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.
- General Corporate Purposes.
Borana Weaves
Plot No AA/34, B 16/16, Hojiwala Industrial Estate, SUSMLKfin Technologies Limited
Phone: 04067162222, 04079611000
Email: bwl.ipo@kfintech.com