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Borana Weaves Ltd

Textiles

Offer Period :

20th to 22nd May 2025

Borana Weaves Ltd IPO Details

IPO Date 20th to 22nd May 2025 Minimum Investment ₹14904 / 1 Lots
Listing Date 2025-05-27 Maximum Investment ₹193752 / 13 Lots
Face Value ₹10 per share Total Issue Size ₹144.89 Crores
Price ₹216 to ₹216 per share Fresh Issue ₹144.89 Crores
Lot Size 1 Lots (69 Shares) Offer For Sale ₹ [-]
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹0 per Share Shareholding Pre Issue 19937295 Shares
Issue Type Book Building Shareholding Post Issue 26645295 Shares
IPO Date 20th to 22nd May 2025
Listing Date 2025-05-27
Face Value ₹10 per share
Price ₹216 to ₹216 per share
Lot Size 1 Lots (69 Shares)
Listing At BSE, NSE
Total Issue Size ₹144.89 Crores
Employee Discount ₹0 per share
Issue Type Book Building
Minimum Investment ₹14904 / 1 Lots
Maximum Investment ₹193752 / 13 Lots
Fresh Issue ₹144.89 Crores
Offer For Sale ₹[-] Crores
Retail Discount ₹0 Crores
Shareholding Pre Issue 19937295 Shares
Shareholding Post Issue 26645295 Shares

About Borana Weaves Ltd IPO

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.

Founding Year: 2020

Managing Director: Mangilal Ambalal Borana

Borana Weaves Limited Timeline

Important dates for allocation and IPO listing.

20th May

IPO Opens

22nd May

IPO Close

23rd May

Allotment Date

26th May

Initiation of Refund

26th May

Credit of Shares to Demat Account

27th May

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 87.19 65.23
Public Group 12.81 34.77

Borana Weaves Ltd IPO Reservation

QIB Shares Offered 2012400(30%)
NII (HNI) Shares Offered 1006200(15%)
Retail Shares Offered 670800(10%)
Anchor Investor Shares Offered 3018600(45%)
Total Shares Offered 6708000
Total Shares With Anchor Investor 6708000

Borana Weaves Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 69 ₹14904
Retail (Max) 13 897 ₹193752
S HNI (Min) 14 966 ₹208656
S HNI (Max) 67 4623 ₹998568
B HNI (MIN) 68 4692 ₹1013472

Borana Weaves Ltd IPO Anchor Investor Details

Bid Date 19 May 2025
Shares Offered 0
Anchor Portion Size 0

Borana Weaves Ltd IPO Registrar

KFin Techologies Ltd
Phone Number 040-67162222
Email Id einward.ris@kfintech.com
Our Website www.kfintech.com

Borana Weaves Ltd IPO Lead Manager

1. Beeline Capital Advisors Pvt Ltd

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Borana Weaves Ltd Financial Information

Period Ended March 31, 2024 March 31, 2023 March 31, 2022
Net Worth ₹47.7 ₹24.11 ₹1.81
Reserves and Surplus ₹47.66 ₹24.07 ₹1.8
Total Borrowing ₹69.1 ₹38.89 ₹27.31

Borana Weaves Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 2012457 175511298 87.2125
Non Institutional Investors (NIIs) 1006200 238890213 237.4182
NII(Bid amount of more than Ten Lakh Rupees) 670800 160814574 239.7355
NII(Bid amount of more than 2 Lakh < 10 Rupees) 335400 78075639 232.7837
Retail Individual Investors (RIIs) 670800 134515914 200.5306
Total 3689457 548917425 148.78

Strength of Borana Weaves Ltd

1. Market position in grey fabric and Polyester Textured Yarn ("PTY") manufacturing.

2. Investment in highly efficient water jet looms capable of producing flawless fabric in both quality and quantity; fully integrated manufacturing units established in strategic location

3. Delivering strong financial and operating metrics.

4. Experienced Promoters with execution capabilities.

Industry Outlook of Borana Weaves IPO

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.

Risks Involved

1. Any failures to obtain approval/licenses or permits to operate the Proposed Unit 4, may adversely affect its business, financial condition, cash flows and results of operations.

2. As of December 31, 2024, more than 98% of its revenue from the company customers is derived from customers based in Gujarat and the company does not have long-term agreements with them. Any changes or cancellations of purchase orders from them or its inability to forecast demand for its products may adversely affect its business, results of operations and financial condition.

3. Its Registered and Corporate Office, manufacturing units, and 90.00% of suppliers of its raw material, POY Yarn, as of the nine months period ended December 31, 2024 are majorly located in Gujarat exposing it to regulatory and other geography specific risks such as labour unrests, terrorist attacks, other acts of violence and occurrence of natural and man-made disasters which may affect the state of Gujarat.

4. The Company has a limited operating history, as the Company commenced its operation in 2020 and its may not be able to continue to grow at its historical rate of growth.

5. Any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.

6. Information relating to the installed and actual manufacturing capacity of its units included in this Red Herring Prospectus are based on various assumptions and estimates. These assumptions and estimates may prove to be inaccurate and its future production and capacity may vary.

7. The company procure raw material, POY Yarn, from members of the Promoter Group. Termination of such arrangement, or non-performance of obligations under such arrangement, may impact its business, financial condition, cash flows and results of operations.

8. The company enter into related party transactions in the ordinary course of its business and the company cannot assure you that such transactions will not have an adverse effect on its results of operation and financial conditions.

9. The company incur significant employee benefits expense. An increase in employee costs, including on account of changes in regulations, may prevent it from maintaining its competitive advantage and may reduce its profitability.

10. Its funding requirements and proposed deployment of the Net Proceeds of the Issue have not been appraised by a bank or a financial institution and if there are any delays or cost overruns, its business, cash flows, financial condition and results of operations may be adversely affected.

Why should you invest in

-

Borana Weaves Ltd Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Borana Weaves Limited IPO Contact Details

Borana Weaves Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2025-05-27 544404 BORANA
INE16SF01016
₹216 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹216 ₹216
Open ₹243 ₹243
Low ₹243 ₹243
High ₹255.1 ₹255.15
Low ₹243 ₹243

Frequently Asked Questions

What is Borana Weaves Ltd IPO?

Answer Field

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 ₹216 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.

When Borana Weaves Ltd IPO will open?

Answer Field

The Borana Weaves Ltd IPO opens on May 20, 2025 and closes on May 22, 2025.

What is the lot size of Borana Weaves Ltd?

Answer Field

Borana Weaves Ltd lot size is 69 shares, and the minimum amount required is ₹14,904.

How to apply for Borana Weaves Ltd IPO?

Answer Field

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:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Borana Weaves Ltd IPO allotment?

Answer Field

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.

When is Borana Weaves Ltd IPO listing date?

Answer Field

The Borana Weaves Ltd listing date is May 27, 2025.

Who is the registrar of Borana Weaves Ltd IPO?

Answer Field

The registrar of Borana Weaves Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Beeline Capital Advisors Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Borana Weaves Ltd IPO?

Answer Field

The fresh issue size is ₹144.89 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Borana Weaves Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 69 shares and ₹14,904 amount.

How can I approve the UPI mandate request for Borana Weaves Ltd IPO?

Answer Field

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.

What is the price range of Borana Weaves Ltd?

Answer Field

The price of each Borana Weaves Ltd share will be ranging in between ₹216 to ₹216 per share.

What is the cut-off time for the UPI mandate for Borana Weaves Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, May 22, 2025.

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