To apply for the Borana Weaves IPO, investors need to log in to their trading account through their broker’s platform and navigate to the IPO section to find the Borana Weaves listing. They should select the IPO, enter the number of lots they wish to apply for (with a minimum lot size of 69 shares), and specify a bid price within the price band of ₹205 to ₹216 per share. Applicants must provide their UPI ID for payment authorisation and ensure sufficient funds are available in the linked bank account. The application should be submitted and the UPI mandate approved before the cut-off time of 5 PM on May 22, 2025, to complete the process. The allotment results are expected on May 23, 2025, followed by the credit of shares to Demat accounts and the tentative listing on the stock exchanges by May 27, 2025.
For complete details on this public offering, visit the Borana Weaves IPO page on Bajaj Broking’s website.
Borana Weaves IPO Application Process
The Borana Weaves IPO application process can be completed online through your trading platform. Below is a step-by-step guide to applying for the IPO:
Step 1: Login to Your Trading Platform
Access your trading account using Bajaj Broking’s app or website.
Step 2: Navigate to the IPO Section
Go to the IPO section to view active IPO listings.
Step 3: Select the Open IPO and Click Apply
Locate Borana Weaves IPO in the list of available IPOs and click the ‘Apply’ button.
Step 4: Enter the Quantity of Shares You Wish to Apply For
Specify the number of shares (minimum lot size: 69 shares) within the price band of ₹205 to ₹216 per share.
Step 5: Provide Your UPI ID
Enter your UPI ID for payment authorization and ensure sufficient funds in your bank account.
Step 6: Confirm the Application
Review your application details and confirm the UPI mandate before 5 PM on the last application day.
Step 7: Complete the Process and Wait for Allotment
Submit the application and monitor the allotment status to check if shares have been allocated to you.
How to Check Borana Weaves IPO Allotment Status?
Once the allotment for Borana Weaves IPO is finalized, investors can check their status online using the following steps:
Step 1: Visit the Official Website of the IPO's Registrar
Access the registrar’s portal for allotment status updates.
Step 2: Navigate to the IPO Allotment Status Page
Locate the specific section for IPO allotment on the website.
Step 3: Enter Your PAN Number, Demat ID, or Application Number
Provide the necessary details to retrieve your application status.
Step 4: Click on 'Submit' or 'Check Status'
Verify the allotment details displayed on the screen.
Step 5: Alternative Check on Stock Exchange Websites
Visit NSE or BSE websites and follow the IPO allotment instructions.
Step 6: Check via Bajaj Broking Website
Log in to Bajaj Broking, access the IPO section, and view your allotment updates in the IPO Allotment Status.
About Borana Weavesg IPO: Overview and Key Facts
Borana Weaves Limited, established in 2020 and headquartered in Surat, Gujarat, specializes in producing unbleached synthetic grey fabric, a fundamental material used in various textile processes such as dyeing and printing. This fabric plays a crucial role in industries including fashion, traditional and technical textiles, home décor, and interior design. The adaptability and demand for grey fabric across these segments position Borana Weaves as a significant player in the textile value chain.
In addition to grey fabric, Borana Weaves manufactures polyester textured yarn (PTY Yarn), created by heating polyester oriented yarn (POY Yarn), which serves as a core raw material in their production process. The company operates three advanced manufacturing units in Surat, equipped with 15 texturizing machines, 6 warping machines, 700 water jet looms, and 10 folding machines as of September 30, 2024. This robust infrastructure strengthens its market position and enhances its capability to meet diverse industry needs efficiently.
The upcoming IPO aims to raise funds for establishing a new manufacturing unit to expand production capabilities and meet incremental working capital requirements. The issue 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 lot size is 69 shares, and the listing is expected on May 27, 2025, on both BSE and NSE. Investors should consider the company's growth trajectory, financial health, and industry position before making investment decisions.
To check your application status, visit the Borana Weaves IPO Allotment Status page on Bajaj Broking’s website.