| Surat-Based Textile Firm Grows 370% in 3 Years | Borana Weaves IPO Subscription – Live Status |
| Borana Weaves Anchor Book | Borana Weaves IPO Allotment |
Borana Weaves IPO Description – Borana Weaves is a textile manufacturer based in Surat, Gujarat, specializing in the production of unbleached synthetic grey fabric. This fabric is widely used as a base for further processing, including dyeing and printing, in various industries such as fashion, traditional textiles, technical textiles, home decor, and interior design, due to its versatility. In addition to grey fabric, the company also manufactures polyester textured yarn (PTY Yarn), which is produced by heating polyester-oriented yarn (POY Yarn), the raw material used in the production of grey fabric.
As of 31 December 2024, Borana Weaves operates a total of 15 texturizing machines, 6 warping machines, 700 water jet looms, and 10 folding machines across its three manufacturing units. While the majority of Borana Weaves’ customers are based in Gujarat, the company also supplies its products to customers in other states, including Rajasthan, Uttar Pradesh, West Bengal, Haryana, and Delhi.
During FY 2024, 2023, and 2022, as well as the nine-month period ending 31 December 2024, Borana Weaves served 170, 177, 65, and 204 customers, respectively. The company’s revenue from sales for these periods stood at INR 199.06 crore, INR 135.40 crore, INR 42.33 crore, and INR 211.62 crore, respectively, reflecting an average compounded annual growth rate (CAGR) of 116.84% over the last three financial years.
Promoters of Borana Weaves – Mangilal Ambalal Borana, Ankur Mangilal Borana, Rajkumar Mangilal Borana, Dhwani Ankur Borana, Mangilal Ambalal Borana HUF, Ankur Mangilal Borana HUF, Rajkumar Mangilal Borana HUF And Borana Filaments Private Limited
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Borana Weaves IPO Details
| Borana Weaves IPO Dates | 20 – 22 May 2025 |
| Borana Weaves Issue Price | INR 205 – 216 per share |
| Fresh issue | 67,08,000 shares (INR 137.51 – 144.89 crore) |
| Offer For Sale | NIL |
| Total IPO size | 67,08,000 shares (INR 137.51 – 144.89 crore) |
| Minimum bid (lot size) | 69 shares (INR 14,904) |
| Face Value | INR 10 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
Borana Weaves Financial Performance
| FY 2022 | FY 2023 | FY 2024 | 9M FY 2025 | |
| Revenue | 42.33 | 135.40 | 199.06 | 211.62 |
| Expenses | 40.17 | 115.63 | 171.21 | 179.40 |
| Net income | 1.80 | 16.30 | 23.59 | 29.31 |
| Margin (%) | 4.25 | 12.04 | 11.85 | 13.85 |
Borana Weaves Offer News
- Borana Weaves RHP
- Borana Weaves DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Borana Weaves Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre Issue) | FY 2025 (Post-Issue)* | |
| EPS | 0.90 | 8.19 | 11.85 | 14.69 |
| PE Ratio | – | – | 17.29 – 18.22 | 13.95 – 14.7 |
| FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | 99.45 | 67.61 | 49.77 |
| NAV | 0.91 | 12.12 | 23.81 |
| ROCE (%) | 12.23 | 34.93 | 27.42 |
| EBITDA (%) | 12.22 | 19.25 | 20.68 |
| Debt/Equity | 15.10 | 1.61 | 1.45 |
Borana Weaves IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 26 May 2025 | 45 | – | 2,300 |
| 24 May 2025 | 45 | – | 2,300 |
| 23 May 2025 | 45 | – | 2,300 |
| 22 May 2025 | 58 | – | 2,500 |
| 21 May 2025 | 58 | – | 2,500 |
| 20 May 2025 | 56 | – | 2,000 |
| 19 May 2025 | 62 | – | 3,000 |
| 17 May 2025 | 65 | – | 3,500 |
| 16 May 2025 | 65 | – | 3,500 |
Borana Weaves IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding 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 (‘Proposed Unit 4’) – INR 71.35 crore
- Funding incremental working capital requirements – INR 26.50 crore
- General corporate purposes
Borana Weaves IPO Dates & Listing Performance
| IPO Opening Date | 20 May 2025 |
| IPO Closing Date | 22 May 2025 |
| Finalization of Basis of Allotment | 23 May 2025 |
| Initiation of refunds | 26 May 2025 |
| Transfer of shares to demat accounts | 26 May 2025 |
| Borana Weaves IPO Listing Date | 27 May 2025 |
| Opening Price on NSE | INR 243 per share (up 12.5% from IPO price) |
| Closing Price on NSE | Coming soon |
Borana Weaves IPO Reviews – Subscribe or Avoid?
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Borana Weaves Offer Lead Manager
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
B 1311-1314, Thirteenth Floor, Shilp Corporate Park,
Rajpath Rangoli Road, Thaltej, Ahmedabad- 380054, Gujarat
Phone: +91-79-48407357
Email: [email protected]
Website: www.beelinemb.com
Borana Weaves Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Borana Weaves Contact Details
BORANA WEAVES LIMITED
Plot No. AA/34, B 16/16, Hojiwala Industrial Estate,
SUSML, Sachin, Surat, Gujarat, India – 394230
Phone: +91-9898426338
Email: [email protected]
Website: www.boranagroup.in
Borana Weaves IPO FAQs
How many shares in Borana Weaves IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply for Borana Weaves Public Offer?
The best way to apply for Borana Weaves public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Borana Weaves IPO GMP today?
Borana Weaves IPO GMP today is INR 45 per share.
What is Borana Weaves kostak rate today?
Borana Weaves kostak rate today is INR NA per application.
What is Borana Weaves Subject to Sauda rate today?
Borana Weaves Subject to Sauda rate today is INR 2,300 per application.