Borana Weaves IPO vs HDB Financial IPO

Comparison between Borana Weaves IPO and HDB Financial IPO.

IPO Details

Borana Weaves IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while HDB Financial IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Borana Weaves IPO is up to ₹144.89 Cr whereas the issue size of the HDB Financial IPO is up to ₹12,500.00 Cr. The final issue price of Borana Weaves IPO is ₹216.00 per share and of HDB Financial IPO is ₹740.00 per share.

 Borana Weaves IPOHDB Financial IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹205.00 per share₹700.00 per share
Issue Price (Upper)₹216.00 per share₹740.00 per share
Issue Price (Final)₹216.00 per share₹740.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)
Market Lot Size69 shares20 shares
Fresh Issue Size67,08,000 shares3,37,83,782 shares
Fresh Issue Size (Amount)up to ₹144.89 Crup to ₹2,500.00 Cr
OFS Issue Size0 shares13,51,35,135 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹10,000.00 Cr
Issue Size Total67,08,000 shares16,89,18,917 shares
Issue Size Total (Amount)up to ₹144.89 Crup to ₹12,500.00 Cr

IPO Timetable

Borana Weaves IPO opens on May 20, 2025, while HDB Financial IPO opens on Jun 25, 2025. The closing date of Borana Weaves IPO and HDB Financial IPO is May 22, 2025, and Jun 27, 2025, respectively.

 Borana Weaves IPOHDB Financial IPO
Anchor Bid DateMay 19, 2025Jun 24, 2025
Issue OpenMay 20, 2025Jun 25, 2025
Issue CloseMay 22, 2025Jun 27, 2025
Basis Of Allotment (Tentative)May 23, 2025Jun 30, 2025
Initiation of Refunds (Tentative)May 26, 2025Jul 01, 2025
Credit of Share (Tentative)May 26, 2025Jul 01, 2025
Listing date (Tentative)May 27, 2025Jul 02, 2025
Anchor Lockin End date 1Jun 22, 2025Jul 29, 2025
Anchor Lockin End date 2Aug 21, 2025Sep 27, 2025

Financials & KPIs

Borana Weaves IPO P/E ratio is 18.26, as compared to HDB Financial IPO P/E ratio of 27.

 Borana Weaves IPOHDB Financial IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets149.67137.0574.9831.90
Total Income215.71199.60135.5342.36
Profit After Tax29.3123.5916.301.80
EBITDA46.0341.1726.065.17
NET Worth76.5547.3924.111.81
Reserves and Surplus56.8747.6624.071.80
Total Borrowing54.0369.1038.8927.31
Amount in ₹ Crore

Company Financials (Restated Consolidated)

HDB Financial Services Ltd.'s revenue increased by 15% and profit after tax (PAT) dropped by 12% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets1,08,663.2992,556.5170,050.39
Total Income16,300.2814,171.1212,402.88
Profit After Tax2,175.922,460.841,959.35
EBITDA9,512.378,314.136,251.16
NET Worth14,936.5012,802.7610,436.09
Reserves and Surplus15,023.9712,949.6310,645.57
Total Borrowing87,397.7774,330.6754,865.31
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)87.1994.32
Promoter Shareholding (Post-Issue)65.2474.19
P/E Ratio18.2627
Market Cap₹575.54 Cr.₹61253.30 Cr.
ROE49.45%14.72%
ROCE27.42%
Debt/Equity5.85
EPS₹11.83₹27.41
RoNW49.77%

Shares Offered

In the Borana Weaves IPO Retail Individual Investors (RII) are offered 6,70,800 shares while in HDB Financial IPO retail investors are offered 6,70,800 shares. Qualified Institutional Buyers (QIB) are offered 20,12,457 shares in Borana Weaves IPO and 3,03,51,351 shares in HDB Financial IPO.

 Borana Weaves IPOHDB Financial IPO
Anchor Investor Reservation30,18,543 shares4,55,27,026 shares
Market Maker Reservation0 shares
QIB20,12,457 shares3,03,51,351 shares
NII10,06,200 shares2,27,63,514 shares
RII6,70,800 shares5,31,14,865 shares
Employee2,70,270 shares
Others
Total67,08,000 shares16,89,18,917 shares

Bids Received (Subscription)

Borana Weaves IPO subscribed 147.85x in total, whereas HDB Financial IPO subscribed 17.65x.

 Borana Weaves IPOHDB Financial IPO
QIB (times)85.53x58.64x
NII (times)237.41x10.55x
Big NII (times)239.74x12.44x
Small NII (times)232.75x6.79x
RII (times)200.50x1.51x
Employee (times)6.03x
Other (times)4.50x
Total (times)147.85x17.65x

Compare with others

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Borana Weaves IPO Vs HDB Financial IPO