Comparison between Borana Weaves IPO and Dev Accelerator IPO.
Borana Weaves IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Dev Accelerator IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Borana Weaves IPO is up to ₹144.89 Cr whereas the issue size of the Dev Accelerator IPO is up to ₹143.35 Cr. The final issue price of Borana Weaves IPO is ₹216.00 per share and of Dev Accelerator IPO is ₹61.00 per share.
| Borana Weaves IPO | Dev Accelerator IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹2 per share |
| Issue Price (Lower) | ₹205.00 per share | ₹56.00 per share |
| Issue Price (Upper) | ₹216.00 per share | ₹61.00 per share |
| Issue Price (Final) | ₹216.00 per share | ₹61.00 per share |
| Discount (Retail) | ₹0.00 per share | |
| Discount (Employee) | ||
| Market Lot Size | 69 shares | 235 shares |
| Fresh Issue Size | 67,08,000 shares | 2,35,00,000 shares |
| Fresh Issue Size (Amount) | up to ₹144.89 Cr | up to ₹143.35 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 67,08,000 shares | 2,35,00,000 shares |
| Issue Size Total (Amount) | up to ₹144.89 Cr | up to ₹143.35 Cr |
Borana Weaves IPO opens on May 20, 2025, while Dev Accelerator IPO opens on Sep 10, 2025. The closing date of Borana Weaves IPO and Dev Accelerator IPO is May 22, 2025, and Sep 12, 2025, respectively.
| Borana Weaves IPO | Dev Accelerator IPO | |
|---|---|---|
| Anchor Bid Date | May 19, 2025 | Sep 09, 2025 |
| Issue Open | May 20, 2025 | Sep 10, 2025 |
| Issue Close | May 22, 2025 | Sep 12, 2025 |
| Basis Of Allotment (Tentative) | May 23, 2025 | Sep 15, 2025 |
| Initiation of Refunds (Tentative) | May 26, 2025 | Sep 16, 2025 |
| Credit of Share (Tentative) | May 26, 2025 | Sep 16, 2025 |
| Listing date (Tentative) | May 27, 2025 | Sep 17, 2025 |
| Anchor Lockin End date 1 | Jun 22, 2025 | Oct 15, 2025 |
| Anchor Lockin End date 2 | Aug 21, 2025 | Dec 13, 2025 |
Borana Weaves IPO P/E ratio is 18.26, as compared to Dev Accelerator IPO P/E ratio of 233.25.
| Borana Weaves IPO | Dev Accelerator IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)Dev Accelerator Ltd.'s revenue increased by 62% and profit after tax (PAT) rose by 303% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 87.19 | 49.8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 65.24 | 36.8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 18.26 | 233.25 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹575.54 Cr. | ₹550.14 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 49.45% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 27.42% | 25.95% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 2.39 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹11.83 | ₹0.26 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 49.77% | 3.24% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Borana Weaves IPO Retail Individual Investors (RII) are offered 6,70,800 shares while in Dev Accelerator IPO retail investors are offered 6,70,800 shares. Qualified Institutional Buyers (QIB) are offered 20,12,457 shares in Borana Weaves IPO and 69,01,950 shares in Dev Accelerator IPO.
| Borana Weaves IPO | Dev Accelerator IPO | |
|---|---|---|
| Anchor Investor Reservation | 30,18,543 shares | 1,03,52,925 shares |
| Market Maker Reservation | 0 shares | |
| QIB | 20,12,457 shares | 69,01,950 shares |
| NII | 10,06,200 shares | 34,50,975 shares |
| RII | 6,70,800 shares | 23,00,650 shares |
| Employee | 1,64,500 shares | |
| Others | ||
| Total | 67,08,000 shares | 2,35,00,000 shares |
Borana Weaves IPO subscribed 147.85x in total, whereas Dev Accelerator IPO subscribed 64.00x.
| Borana Weaves IPO | Dev Accelerator IPO | |
|---|---|---|
| QIB (times) | 85.53x | 20.30x |
| NII (times) | 237.41x | 87.97x |
| Big NII (times) | 239.74x | 78.94x |
| Small NII (times) | 232.75x | 106.01x |
| RII (times) | 200.50x | 164.89x |
| Employee (times) | 17.60x | |
| Other (times) | ||
| Total (times) | 147.85x | 64.00x |
