Borana Weaves Limited IPO

Website

RHP

Anchor List

Allotment

Borana Weaves Limited IPO

Borana Weaves Limited is a textile manufacturer headquartered in Surat, Gujarat, with a primary focus on producing unbleached synthetic grey fabric. This grey fabric acts as a foundational material widely used in further processing such as dyeing, printing, and finishing across several industries including fashion apparel, traditional textiles, technical textiles, home décor, and interior design. In addition to grey fabric, the company also manufactures polyester textured yarn (PTY Yarn), further diversifying its product portfolio within the synthetic textile segment. As of Dec 31, 2024, the company operates 3 manufacturing facilities in Surat, Gujarat.

Price Band ₹205 - ₹216
Dates 20 May - 22 May
GMP ₹42 (19.44%)
Subscriptions 148.78 times
Issue Size ₹144.89 Crs

Borana Weaves IPO Key Dates

Opening Date

20 May 25

Closing Date

22 May 25

Basis Of Allotment

23 May 25

Initiations Of Refund

26 May 25

Credit Of Shares

26 May 25

Listing Date

27 May 25

Borana Weaves IPO Objects

Financing the cost of establishing a new manufacturing unit to expand its production capabilities to produce grey fabric at Surat, India
Funding incremental working capital requirements
General Corporate Purposes

Borana Weaves IPO Details

Price Band ₹205 - ₹216
Listing At NSE & BSE
IPO Issue Type 100% Book Built Offer
Fresh Issue ₹144.89 Cr (0.67 Cr Shares)
Offer For Sale ₹0.00 (0.00 Shares)
Total Issue ₹144.89 Cr (0.67 Cr Shares)
Face Value ₹10 per equity share

Borana Weaves IPO Lot Information

Investor Category		Lot	Shares	Amount
Retail	Minimum 1 69 14,904 Maximum 13 897 1,93,752
Small HNI	Minimum 14 966 2,08,656 Maximum 67 4,623 9,98,568
Big HNI	Minimum 68 4,692 10,13,472

Borana Weaves IPO Subscription

Updated as on 22-May-2025 19:00:00

Investor Category	Subscription (times)	Shares Offered	Shared Bid
QIB	87.21	20,12,457	17,55,11,298
NII	237.42	10,06,200	23,88,90,213
bNII (bids above ₹10L)	239.74	6,70,800	16,08,14,574
sNII (bids between ₹2L to ₹10L)	232.78	3,35,400	7,80,75,639
Retail	200.53	6,70,800	13,45,15,914
Total	148.78	36,89,457	54,89,17,425

Borana Weaves IPO GMP

The estimated Grey Market Premium of Borana Weaves IPO is ₹42 per share (19.44%)

Disclaimer: The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.

Category Allocation

Particulars	Allocation
QIBs	Not more than 50% of Net Offer
Big HNIs (NII)	Not less than 10% of Net Offer
Small HNIs (NII)	Not less than 5% of Net Offer
Retail	Not less than 35% of Net Offer

Borana Weaves IPO Financials

(Rs. in crores)

Particulars	Dec-24	Mar-24	Mar-23	Mar-22
Revenue from Operations	211.62	199.06	135.40	42.33
Profit after Tax	29.31	23.59	16.30	1.80
Net Worth	76.55	47.39	24.11	1.81
Total Borrowing	54.03	69.10	38.89	27.31
Total Assets	149.67	137.05	74.98	31.90
NAV per share (in ₹)	38.40	23.77	16.09	3.61
EPS - Basic (in ₹)	14.70	11.83	10.88	3.59

The financial information presented is on a consolidated basis.

Key Performance Indicators

KPI	KPI
EBITDA	20.68%
PAT	11.85%
ROE	49.45%
ROCE	27.42%
PE Ratio	18.26
PB Ratio	9.09
Mkt Cap (in Crs.)	575.54

All the data pertains to FY 2023-24.
PE, PB, and market capitalization are calculated based on the Upper Price Band.

Borana Weaves IPO Peer Comparision

There are no publicly listed companies in India with a business model exclusively similar to the company. Therefore, no peer comparison is provided.

Borana Weaves IPO Peer Comparision

There are no publicly listed companies in India with a business model exclusively similar to the company. Therefore, no peer comparison is provided.

Promoter Details

Name	Shareholding
Mangilal Ambalal Borana	18.80%
Rajkumar Mangilal Borana	18.48%
Dhwani Ankur Borana	12.56%
Rajkumar Mangilal HUF	11.45%
Mangilal Ambalal Borana HUF	11.18%
Other Promoter	14.72%

Management Details

Name	Designation
Mangilal Ambalal Borana	Chairman & MD
Ankur Mangilal Borana	CEO
Rajkumar Mangilal Borana	CFO

Company Details

Name: Borana Weaves Limited

Address: Plot No AA/34, B 16/16, Hojiwala Industrial Estate, SUSML, Sachin, Surat, Gujarat, India – 394230

Number: +91-9898426338

Email: info@boranagroup.in

Website: https://www.boranagroup.in/

Book Running Lead Managers (BRLMs)

Beeline Broking

Visit Website

RTAs

KFin Technologies

Visit Website

Frequently Asked questions?

Find answers to common questions that come in your mind related to IPO.

Borana Weaves IPO is a Mainboard IPO having an issue size of Rs. ₹144.89 Crs. Borana Weaves IPO is priced at ₹205 - ₹216 per share. The issue opens on 20 May 25 and closes on 22 May 25.

Borana Weaves IPO opens on 20 May 25 and closes on 22 May 25.

The estimated Grey Market Premium of Borana Weaves IPO is ₹42 per share (19.44%).

The minimum lot size of Borana Weaves IPO is 69 shares & the minimum application amount is Rs. 14904.

The allotment date of Borana Weaves IPO is 23 May 25.

The listing date of Borana Weaves IPO is 27 May 25.

Borana Weaves IPO is subscribed 148.78 times.

Borana Weaves IPO is priced at ₹205 - ₹216 per share.

Click the allotment link on Borana Weaves IPO page of IPO360.

Go to Kite App → Tap on Bids → Tap on IPO
Select the IPO → Tap on apply → Enter UPI ID
Enter Qty and Price
Submit the application
Approve the UPI Mandate on your UPI app

Go to Groww App → Stocks Section → Select IPO option
Select the IPO you want to apply
Enter your bid details and price
Enter UPI ID & submit
Approve the UPI Mandate on your UPI app

Log in to your bank's net banking portal.
Navigate to the 'IPO' or 'ASBA' section.
Select Borana Weaves IPO from the list of available IPOs.
Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
Submit the application.
Money will remain blocked till the refund date

1) Overview of Business:

Borana Weaves Limited is a textile manufacturer headquartered in Surat, Gujarat, with a primary focus on producing unbleached synthetic grey fabric. This grey fabric acts as a foundational material widely used in further processing such as dyeing, printing, and finishing across several industries including fashion apparel, traditional textiles, technical textiles, home décor, and interior design.

In addition to grey fabric, the company also manufactures polyester textured yarn (PTY Yarn), further diversifying its product portfolio within the synthetic textile segment.

Operations commenced in 2020, with commercial production at its first manufacturing unit (Unit 1) starting in 2021. As of December 31, 2024, the company operates three manufacturing facilities in Surat, Gujarat.

2) Revenue Breakup:

The company's business remains largely fabric-centric, with the revenue breakup as of December 2024 being:

Grey Fabric: 84.24%
Yarn: 14.33%
Other Products: 1.43%

3) Capacity Utilization

The company has consistently expanded its capacity while improving utilization over the years. Capacity utilization stood at 79.62% in December 2024, marginally higher than 79.51% in FY 2022–23. In earlier years, utilization was 83.78% in FY 2021–22 and 56.93% in FY 2020–21.

As of December 2024, the total employee strength stood at 666, compared to 793 in March 2024.

4) Customer Base and Revenue Concentration

The company’s customer base is predominantly located in Gujarat, contributing 98.36% of total operational revenue as of December 2024.
The number of active customers has increased over time:

FY 2021–22: 65
FY 2022–23: 177
FY 2023–24: 170
December 2024: 204

The top 10 customers contributed 40.27% of revenue in December 2024 (vs. 36.87% in March 2024), while the top 1 customer accounted for 8.34% (vs. 8.21% in March 2024), indicating moderate concentration risk.

5) Raw Material Procurement

The company primarily uses polyester oriented yarn (POY Yarn) as a raw material for both grey fabric and PTY Yarn.
A notable shift toward domestic sourcing has been observed:

100% raw material procurement was from Indian suppliers in December 2024
Compared to 52.82% domestic and 47.18% imports (mainly from China and Singapore) in FY 2023–24

6) Machinery and Technology

The company operates with advanced textile manufacturing machinery to ensure quality and efficiency. As of December 31, 2024, it had:

700 Water Jet Looms – offering significant advantages over traditional power looms for synthetic fabric production
15 Texturizing Machines
6 Warping Machines
10 Folding Machines

The adoption of water jet looms underlines the company’s focus on modern, efficient, and high-output manufacturing methods tailored for synthetic fabrics.

We are a one-stop destination for all your IPO needs. Get reliable, accurate, and timely information for all the IPOs in India!

Quick Links

IPO Education Contact Us Allocate Funds Disclaimer & Privacy Statement

Developed By JAY Innovations

Borana Weaves Limited IPO

Borana Weaves Limited IPO

Price Band

Dates

GMP

Subscriptions

Issue Size

Borana Weaves IPO Key Dates

Opening Date

Closing Date

Basis Of Allotment

Initiations Of Refund

Credit Of Shares

Listing Date

Borana Weaves IPO Objects

Borana Weaves IPO Details

Price Band

Listing At

IPO Issue Type

Fresh Issue

Offer For Sale

Total Issue

Face Value

Borana Weaves IPO Lot Information

Borana Weaves IPO Subscription

Borana Weaves IPO GMP

Category Allocation

Borana Weaves IPO Financials

Key Performance Indicators

Borana Weaves IPO Peer Comparision

Borana Weaves IPO Peer Comparision

Promoter Details

Management Details

Company Details

Book Running Lead Managers (BRLMs)

Beeline Broking

RTAs

KFin Technologies

Frequently Asked questions?

What is Borana Weaves IPO?

When will Borana Weaves IPO open?

What is the GMP of Borana Weaves IPO?

What is the lot size of Borana Weaves IPO?

When is the allotment of Borana Weaves IPO?

What is the listing date of Borana Weaves IPO?

What is the subscription of Borana Weaves IPO?

What is the price band of Borana Weaves IPO?

How to check allotment status of Borana Weaves IPO?

How to apply Borana Weaves IPO in Zerodha?

How to apply Borana Weaves IPO in Groww?

How to apply Borana Weaves IPO using ASBA?

Quick Links