Borana Weaves Limited, established in 2020 and headquartered in Surat, Gujarat, is a leading manufacturer of unbleached synthetic grey fabric. This versatile fabric serves as a foundational material for various downstream processes like dyeing and printing, catering to diverse industries including fashion, traditional and technical textiles, home furnishings, and interior design. Additionally, the company produces polyester textured yarn (PTY Yarn) by processing polyester oriented yarn (POY Yarn), which acts as a key raw material for its grey fabric production.

Operating from three state-of-the-art manufacturing facilities in Surat, Borana Weaves is equipped with advanced textile machinery, including 15 texturizing machines, 6 warping machines, 700 water jet looms, and 10 folding machines, as of September 30, 2024.

The company’s upcoming IPO is set to open on May 20, 2025, and close on May 22, 2025, with a price band of ₹205 to ₹216 per share. The issue comprises a 10% quota for retail investors, 75% for QIBs, and 15% for HNIs, and is scheduled to list on BSE and NSE on May 27, 2025.

The allotment date is fixed for May 23, 2025. Financially, Borana Weaves has shown robust growth, with revenue rising from ₹135.53 crores in 2023 to ₹199.60 crores in 2024, while profits increased from ₹16.30 crores to ₹23.59 crores during the same period, underscoring its strong market position and operational efficiency.

Borana Weaves IPO Details

IPO Date	May 20, 2025 to May 22, 2025
Listing Date	[.]
Face Value	₹10 per share
Issue Price Band	₹205 to ₹216 per share
Lot Size	69 Shares
Total Issue Size	Approx ₹144.89 Crores
Fresh Issue	Approx ₹144.89 Crores
Issue Type	Book building IPO
Listing At	BSE, NSE
Share Holding Pre Issue	1,99,37,295 shares
Share Holding Post Issue	2,66,45,295 shares

Borana Weaves IPO Dates

The initial public offering (IPO) of Borana Weaves will commence on May 20, 2025, and conclude on May 22, 2025.

IPO Open Date	Tue, May 20, 2025
IPO Close Date	Thu, May 22, 2025
Tentative Allotment	Fri, May 23, 2025
Refunds	Mon, May 26, 2025
Credit of Shares to Demat	Mon, May 26, 2025
IPO Listing Date	Tue, May 27, 2025
UPI Mandate Confirmation Deadline	5 PM on May 22, 2025

Borana Weaves IPO Market Lot

The minimum investment for Borana Weaves IPO is one lot of 69 shares at ₹14,904. Retail investors can subscribe up to 13 lots (897 shares), amounting to ₹1,93,752.

Application	Lot Size	Shares	Amount
Retail Minimum	1	69	₹14,904
Retail Maximum	13	897	₹1,93,752
S-HNI Minimum	14	966	₹2,08,656
B-HNI Minimum	68	4,692	₹10,13,472

Know more

Borana Weaves Limited IPO: How to Apply and What to Expect