Borana Weaves Ltd. was incorporated on October 28, 2020. The company is a textile manufacturer based in Surat, Gujarat, specializing in unbleached synthetic grey fabric. This fabric is widely used in industries such as fashion, traditional textiles, and home decor for further processing, like dyeing and printing.
| Bidding Dates |
|---|
| 20 May 2025 - 22 May 2025 |
| Subscription |
|---|
| 148.78x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,145 | 1 | 13 | 69 | 6.7 M | ₹205 - ₹216 | 65.24 % | ₹1375.1 M - ₹1448.9 M | RHP DOC |
Borana Weaves IPO SUBSCRIPTION STATUS
22 May '25Borana Weaves IPO overall subscription rate was 148.78 times the total available shares
Borana Weaves IPO retail subscription rate was 200.53 times in the retail segment
Borana Weaves IPO non-institutional investor subscription rate was 237.42 times in the non-institutional investor category
Borana Weaves IPO Qualified Institutional Bidder subscription rate was 87.21 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
22 May 2025 (Day 3) | 200.53x | 237.42x | 87.21x |
21 May 2025 (Day 2) | 77.16x | 53.07x | 1.76x |
20 May 2025 (Day 1) | 25x | 11.55x | 1.55x |
Borana Weaves FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 9MFY25 | 29.3 | 211.6 | 25.8 | 74.1 | 21.8% |
| FY24 | 23.6 | 199.1 | 22.1 | -262.9 | 20.7% |
| FY23 | 16.3 | 135.4 | 6.9 | -150.2 | 19.3% |
| FY22 | 1.8 | 42.3 | -8.3 | -241.1 | 12.2% |
Borana Weaves IPO SUBSCRIPTION STATUS DETAILS
Borana Weaves had 6.7 M shares on offer
Borana Weaves IPO offer price was in the range ₹205 - ₹216
Borana Weaves IPO minimum Investment was ₹14145
Borana Weaves IPO issue size was ₹ 1375.1 M - ₹ 1448.9 M
Borana Weaves had a minimum lot size of 69 Shares per application
Borana Weaves NUMBER OF SHARES ON OFFER
Borana Weaves IPO IMPORTANT DATES
| Issue Open Date | 20 May 2025 |
| Issue close Date | 22 May 2025 |
| Allotment Date | 23 May 2025 |
| Refund Date | 26 May 2025 |
| Demat Account Credit Date | 26 May 2025 |
| Listing Date | 27 May 2025 |
| Listing on Exchange(s) | NSE and BSE |
| Borana Weaves Allotment Status | Exchange/ Registrar |
Borana Weaves IPO subscription opened on 20 May 2025, and closed on 22 May 2025
IPO allotment for Borana Weaves was finalized on Friday, 23 May 2025
IPO listing for Borana Weaves was on NSE and BSE on Tuesday, 27 May 2025
Borana Weaves IPO LISTING GAINS
| Issue Price (adjusted) | 216.0 |
| Listing Open Price | 243.0 |
| Listing Close Price | 255.2 |
| Listing Gain% | 12.5% |
| Current Gain% | 57.2% |
Borana Weaves Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Borana Weaves Ltd. | 339.6 | 904.9 | 14 | 0.2 | 2.3 | 22.9 | 17.6 | 396.8 | 34.5 | 64.6 | 60.7 | 24.2 | 60.7 |
| KPR Mill Ltd. | 1076.7 | 36803.1 | 42.5 | 6.7 | 5.5 | 15.2 | 12.7 | 6784.3 | 5 | 866.5 | 6.3 | 25.4 | 6.3 |
| Vardhman Textiles Ltd. | 606.8 | 17563.9 | 20.7 | -43.8 | 1.7 | 7.1 | 5.4 | 10092.5 | -0.3 | 745.2 | -15.6 | 29.3 | -0.5 |
| Welspun Living Ltd. | 164.1 | 15738.7 | 77 | -1.1 | 1.7 | 4.2 | 2 | 9467.9 | -11.5 | 204.4 | -68 | 2.1 | -68 |
| Arvind Ltd. | 560.6 | 15249.2 | 36.8 | 2.2 | 1.6 | 10.2 | 4.7 | 9359.5 | 11.5 | 413.9 | 17.1 | 15.2 | 17.1 |
| Trident Ltd. | 25.2 | 12831.6 | 32.5 | -3.5 | 1.9 | 7.9 | 5 | 6775.2 | -3.9 | 377.1 | 2 | 0.8 | -9.4 |
Borana Weaves INFORMATION ON IPO ISSUE
About Borana Weaves
Borana Weaves Ltd. was incorporated on October 28, 2020. The company is a textile manufacturer based in Surat, Gujarat, specializing in unbleached synthetic grey fabric. This fabric is widely used in industries such as fashion, traditional textiles, and home decor for further processing, like dyeing and printing.
Object of the Issue
- Proposing to finance the cost of establishing a new manufacturing unit to expand its production capabilities to produce grey fabric at Surat, Gujarat, India
- Funding incremental working capital requirements
- General corporate purposes
Borana Weaves - PROMOTERS
| Name |
|---|
| Mangilal Ambalal Borana |
| Ankur Mangilal Borana |
| Rajkumar Mangilal Borana |
| Dhwani Ankur Borana |
| Mangilal Ambalal Borana HUF |
| Ankur Mangilal Borana HUF |
| Rajkumar Mangilal Borana HUF |
| Borana Filaments Private Limited |
Borana Weaves Book Running Lead Manager
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Borana Weaves Registrar to the Offer
KFIN Technologies Limited
bwl.ipo@kfintech.com
Borana Weaves Strengths
Investment in new technology
The company has invested in water jet looms for producing uniform textured fabric and established fully integrated manufacturing units in a strategic location
Growing demand
The company's industry presence allows it to leverage the expertise of its promoters and manufacturing capabilities to meet customer needs
Strong financial and operating metrics
The company's revenue grew at a CAGR of 116.8%, from Rs 4,233.4 lakh in FY22 to Rs 19,905.6 lakh in FY24. Its restated profit after tax margins were 13.5% & 11.9% for H1FY25, and FY24, respectively
Borana Weaves Risks
Approvals & permits
The company has applied for a 'Consent to Establish' license for Proposed Unit 4 with the Gujarat Pollution Control Board, to be financed from the proceeds of the Issue. Failure to obtain the necessary approvals or permits may adversely impact the business, financial condition, cash flows, and operations
Geographically concentrated
Most of the company's customers are based in Gujarat, and it does not have long-term agreements with them. Changes or cancellations of purchase orders, or an inability to forecast demand, could negatively impact the business, operations, and financial condition
Dependent on grey fabric sales
The company's business is heavily reliant on the sale of grey fabric. A reduction in sales, production, or pricing of grey fabric could adversely impact its business, operations, cash flows, and financial condition
IPO FAQs
The promoters of the company are 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.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 205.0 - 216.0.
The IPO application opens on May 20, 2025 and closes on May 22, 2025.
The minimum lot size for the IPO is 69. The maximum lot size for the IPO is 897.
For all category investors, the minimum application amount for this IPO is Rs. 14,145.0, the maximum value for this IPO is Rs 193,752.0.
This IPO will be allotted on May 23, 2025.
The refund will be credited to your account on May 26, 2025.
The allotted shares will be credited to your demat on May 26, 2025.
Borana Weaves Ltd.’s shares listed on the stock exchanges on May 27, 2025.