Borana Weaves

Borana Weaves

Mainboard

₹14,904 / 69 Shares

Offer Date:May 20, 2025 - May 22, 2025
Share

IPO Live Subscription Details (times)

Date:20 May 2025,05:00:00 PM
QIBs:1.55
NII:Bids above ₹10L: 9.33x
Bids below ₹10L: 15.98x
NII Total: 11.55
Retail:25.00x
Total:8.54 times

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 DateListing DateFace ValuePrice BandLot SizeFresh IssueOffer for SaleListing At
May 20, 2025 - May 22, 202527 May, 2025₹10 Per Equity Share₹205-216 per equity share69 Shares Shares -BSE, NSE

Borana Weaves IPO Timeline

IPO Open Date
20 May, 2025
IPO Close Date
22 May, 2025
Basis of Allotment
23 May, 2025
Listing Date
27 May, 2025

Issue Price

₹205-216 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

Market 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 Ltd

Issue 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 times

Borana Weaves IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Dec 24149.66216.1529.3076.5556.8754.03
31 Mar 24137.05199.6023.5947.3947.6669.09
31 Mar 2374.98135.5316.3024.1124.0738.89
31 Mar 2231.9042.361.801.801.8027.31

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.

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Borana Weaves IPO Subscription Details

As onQIBNII
bNII  sNII
RetailTotal
Shares Offered / Reserved20,12,457
10,06,200

6,70,800    3,35,400
6,70,80036,89,457
Day 1 - 20-05-25 05:00 PM1.54 x
11.40

9.21 x   15.78 x
24.66 x8.44 x
Day 2 - 21-05-25 05:00 PM1.76 x
53.07

46.93 x   65.36 x
77.16 x29.46 x
Day 3 - 22-05-25 05:00 PM87.21 x
237.38

239.74 x   232.67 x
200.08 x148.69 x
Total No. of Applications:17,40,830 (Approx)
Retail Subscription:

Retail:166x

BHNI:47x

SHNI:223x times

Borana Weaves IPO - Issue Objectives

  1. 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).
  2. Funding incremental working capital requirements.
  3. General Corporate Purposes.
Company Contact Details

Borana Weaves

Plot No AA/34, B 16/16, Hojiwala Industrial Estate, SUSML

Phone: +91-9898426338

Email: info@boranagroup.in

Website: https://www.boranagroup.in/

Registrar Contact Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: bwl.ipo@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/