The textile firm Borana Weaves Limited, situated in Surat, has started its Initial Public Offering (IPO) in an effort to collect Rs 144.89 crore by issuing 67.08 lakh equity shares. Borana Weaves IPO started on May 20, 2025, and it will end on May 22, 2025. A minimum investment of Rs 14,904 is required, and the price range is set between Rs 205 and Rs 216 per share, with a lot size of 69 shares.
Borana Weaves Company Overview
Borana Weaves was founded in 2020 and focusses on producing polyester textured yarn (PTY) and unbleached synthetic grey cloth. These goods are necessary in a number of industries, such as technical textiles, fashion, and home décor. The business currently has three weaving facilities and intends to build a fourth facility using the money raised from the IPO. This will add 348 looms and boost production capacity by more than 50%.
Borana Weaves IPO Details
Borana Weaves IPO is a bookbuilding IPO of Rs 144.89 crores. The issue is a complete fresh issue of Rs 144.89 crores. Beeline Capital Advisors Pvt Ltd is the book running lead manger of the Borana Weaves IPO, Kfin Technologies Limited is the Registrar for the issue.
| Issue Type | Bookbuilding IPO |
| Face Value | Rs 10 per share |
| Issue Price | Rs 205 – Rs 216 per share |
| Lot Size | 69 shares per lot |
| Issue Size | Rs 144.89 crore |
| Fresh Issue | Rs 144.89 crore |
| Offer for Sale (OFS) | Rs 0 crore |
| Listing at | BSE, NSE |
| Market Capitalization | Rs 575.54 cr |
| Book Running Lead Managers | Beeline Capital Advisors Pvt Ltd |
| Registrar | Kfin Technologies Limited |
Borana Weaves IPO Timeline
Borana Weaves IPO opens on 20th May 2025 and Closes on 22nd May 2025. Find Borana Weaves IPO tentative dates below.
| IPO Open Date | 20-May-2025 (Tuesday) |
| IPO Close Date | 22-May-2025 (Thursday) |
| Allotment | 23-May-2025 (Friday) |
| Initiation of Refunds | 26-May-2025 (Monday) |
| Demat Credit of Shares | 26-May-2025 (Monday) |
| Listing Date | 27-May-2025 (Tuesday) |
| Cut off time for UPI mandate confirmation | 22-May-2025 at 5PM |
Borana Weaves IPO Lot Size
Investors can bid for a minimum of 69 shares and in multiples thereof. The following table shows the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 69 | Rs 14,904 |
| Retail (Maximum) | 13 | 897 | Rs 1,93,752 |
| HNI (Minimum) | 14 | 966 | Rs 2,08,656 |
| HNI (Maximum) | 67 | 4623 | Rs 9,98,568 |
Borana Weaves IPO Objectives
The proceeds from the Borana Weaves IPO will be utilised for following purposes:
| Purpose | Amount (in Rs) | Percentage |
|---|---|---|
| Establishment of new manufacturing unit | 71.34 Crore | 49.23% |
| Working Capital Requirements | 26.50 Crore | 18.28% |
| General Corporate Purpose |
Borana Weaves IPO Financial Performance
Find Borana Weaves IPO last 3 years financial details below.
| Financials | 31-Dec-24 (Crores) | 31-Mar-24 (Crores) | 31-Mar-23 (Crores) |
|---|---|---|---|
| REVENUE | 215.71 | 199.60 | 135.53 |
| ASSETS | 149.67 | 137.05 | 74.98 |
| NET WORTH | 76.55 | 47.39 | 24.11 |
| TOTAL DEBT | 54.03 | 69.10 | 38.89 |
| PAT | 29.31 | 23.59 | 16.30 |
Borana Weaves IPO Strengths and Risks
Strengths:
- High Growth Trajectory: Revenue and profits have grown sharply over the past two years.
- Strategic Location: Surat is India’s synthetic textile hub, giving Borana Weaves logistical and market advantages.
- Product Focus: Specialization in unbleached synthetic grey fabric, a key raw material for multiple industries.
- Expansion Plan: Proceeds from the IPO will further boost production capacity, supporting future growth
Risks:
- Concentration Risk: Significant reliance on grey fabric (84% of revenue in 9M FY25); any downturn in demand or pricing could impact results.
- Limited Listed Peers: The company operates in a niche segment with no direct listed comparables, making valuation benchmarking challenging.
- Execution Risk: Rapid expansion and capacity addition bring operational and management challenges.
Borana Weaves IPO Grey Market Premium (GMP)
As of May 21, 2025, the GMP for Borana Weaves IPO is Rs 60 per share, indicating a potential listing price of Rs 276, which is approximately 28% higher than the upper end of the price band.
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Disclaimer: This blog’s content is intended solely for informational and educational purpose only. Before making any investment decisions, it is recommended that investors consult with a certified financial advisor.