Here are the important dates you need to know in order to participate in this IPO
Offer Start Date
20th May
Offer End Date
22nd May
Allotment Date
23rd May
Refund Initiation
26th May
Demat Transfer
26th May
Listing Date
27th May
Borana Weaves Limited is a Surat-based textile manufacturer, primarily engaged in the production of unbleached synthetic grey fabric. This grey fabric is an essential base material for further textile processing, including dyeing and printing, and is widely used across multiple sectors such as fashion, traditional wear, technical textiles, home décor, and interior design. Known for its adaptability, grey fabric produced by Borana Weaves serves as a crucial input in the broader textile supply chain, meeting the diverse requirements of both domestic and international markets.
Incorporated in 2020, Borana Weaves Limited also produces polyester textured yarn (PTY Yarn), which is developed by heating polyester oriented yarn (POY Yarn)—a key raw material in grey fabric manufacturing. The company operates three advanced manufacturing units in Surat, Gujarat, equipped with state-of-the-art machinery including 15 texturizing machines, 6 warping machines, 700 water jet looms, and 10 folding machines as of September 30, 2024. This robust infrastructure enables Borana Weaves to maintain high production quality and efficiency across its operations.
| Pre-Issue | Post-Issue | |
|---|---|---|
| Promoter Group | 87.19% | 65.23% |
| Public Group | 12.81% | 34.77% |
| QIB Shares Offered | 20,12,400 (30%) |
| NII (HNI) Shares Offered | 10,06,200 (15%) |
| Retail Shares Offered | 6,70,800 (10%) |
| Anchor Investor Shares Offered | 30,18,600 (45%) |
| Total Shares Offered | 67,08,000 |
| Total Shares With Anchor Investor | 67,08,000 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 69 | ₹14,904 |
| Retail (Max) | 13 | 897 | ₹1,93,752 |
| S HNI (Min) | 14 | 966 | ₹2,08,656 |
| S HNI (Max) | 67 | 4,623 | ₹9,98,568 |
| B HNI (MIN) | 68 | 4,692 | ₹10,13,472 |
| Bid Date | May 19, 2025 |
| KFin Techologies Ltd | |
|---|---|
| Phone Number | 040-67162222 |
| Email Id | einward.ris@kfintech.com |
| Website | www.kfintech.com |
1. Beeline Capital Advisors Pvt Ltd
| March 31, 2025 | March 31, 2024 | March 31, 2023 | |
|---|---|---|---|
| Net Worth | ₹87.55 Cr | ₹47.7 Cr | ₹24.11 Cr |
| Reserves and Surplus | ₹67.61 Cr | ₹47.66 Cr | ₹24.07 Cr |
| Total Borrowing | ₹59.05 Cr | ₹69.1 Cr | ₹38.89 Cr |
| Category | No. of shares offered | No. of shares bid | Subscription (Times) |
|---|---|---|---|
| Qualified Institutional Buyers (QIBs) | 20,12,457 | 17,55,11,298 | 87.2125 |
| Non Institutional Investors (NIIs) | 10,06,200 | 23,88,90,213 | 237.4182 |
| Retail Individual Investors (RIIs) | 6,70,800 | 13,45,15,914 | 200.5306 |
| Total | 36,89,457 | 54,89,17,425 | 148.78 |
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Here's an overview of the industry's outlook:
Favourable government policies such as the FAME II scheme, PLI for advanced chemistry cells, and state-level subsidies are catalysing EV adoption.
Rising fuel costs and environmental consciousness are pushing consumers to switch to electric mobility.
India’s EV market is expected to grow at a CAGR of 49% between 2022 and 2030, with two-wheelers accounting for the largest share (Source: IESA).
Infrastructure improvements, like increased EV charging stations and battery swapping facilities, are enhancing adoption.
Domestic manufacturing push is reducing import dependency and promoting ‘Make in India’ initiatives, benefitting companies like Ather.
Private and institutional investments in EV tech and startups continue to rise, signalling long-term sector confidence.
Ather Energy, with its focus on R&D, premium quality scooters, and in-house battery technology, is well-positioned to leverage this favourable landscape. The IPO not only aims to fuel expansion but also highlights the evolving investor confidence in the future of sustainable mobility in India.
Borana Weaves Ltd IPO is a Mainboard IPO of 67,08,000 equity shares of a face value of ₹10 aggregating up to ₹144.89 Crores. The issue is priced at ₹205 to ₹216 per share. The minimum order quantity is 69 Shares. The IPO opens on May 20, 2025, and closes on May 22, 2025. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.
The Borana Weaves Ltd IPO opens on May 20, 2025 and closes on May 22, 2025.
Borana Weaves Ltd lot size is 69 shares, and the minimum amount required is ₹14,904.
You can apply in Borana Weaves Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:
The finalization of Basis of Allotment for Borana Weaves Ltd IPO will be done on May 23, 2025, and the allotted shares will be credited to your demat account by May 26, 2025.
The Borana Weaves Ltd listing date is May 27, 2025.
The registrar of Borana Weaves Ltd IPO is KFin Techologies Ltd
Beeline Capital Advisors Pvt Ltd will be the book-running lead manager of this IPO.
The fresh issue size is ₹144.89 Crores equity shares.
Retail investors can subscribe to a minimum of one lot, 69 shares and ₹14,904 amount.
To apply for Borana Weaves Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.
The price of each Borana Weaves Ltd share will be ranging in between ₹205 to ₹216 per share.
The cut-off time for the UPI mandate confirmation is 5:00 PM, May 22, 2025.
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