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Borana Weaves IPO is a book build issue of ₹144.89 crores. The issue is entirely a fresh issue of 0.67 crore shares of ₹144.89 crore.
Borana Weaves IPO bidding started from May 20, 2025 and ended on May 22, 2025. The allotment for Borana Weaves IPO was finalized on May 23, 2025. The shares got listed on BSE, NSE on May 27, 2025.
Borana Weaves IPO price band is set at ₹216.00 per share . The lot size for an application is 69. The minimum amount of investment required by an retail is ₹14,145 (69 shares). The lot size investment for sNII is 14 lots (966 shares), amounting to ₹2,08,656, and for bNII, it is 68 lots (4,692 shares), amounting to ₹10,13,472.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Borana Weaves IPO RHP for detailed Information.
| IPO Date | May 20, 2025 to May 22, 2025 |
| Listing Date | May 27, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹205 to ₹216 per share |
| Issue Price Final | ₹216 per share |
| Lot Size | 69 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 67,08,000 shares (aggregating up to ₹144.89 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,99,37,295 shares |
| Share Holding Post Issue | 2,66,45,295 shares |
Borana Weaves IPO offers total 67,08,000 shares. Out of which 50,31,000 (75.00%) allocated to QIB, 20,12,457 (30.00%) allocated to QIB (Ex- Anchor), 10,06,200 (15.00%) allocated to NII, 6,70,800 (10.00%) allocated to RII and 30,18,543 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 50,31,000 (75.00%) | NA |
| − Anchor Investor Shares Offered | 30,18,543 (45.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 20,12,457 (30.00%) | NA |
| NII (HNI) Shares Offered | 10,06,200 (15.00%) | NA |
| − bNII > ₹10L | 6,70,800 (10.00%) | 694 |
| − sNII < ₹10L | 3,35,400 (5.00%) | 347 |
| Retail Shares Offered | 6,70,800 (10.00%) | 9,721 |
| Total Shares Offered | 67,08,000 (100.00%) |
Borana Weaves IPO raises ₹65.20 crore from anchor investors. Borana Weaves IPO Anchor bid date is May 19, 2025. Borana Weaves IPO Anchor Investors list
| Bid Date | May 19, 2025 |
| Shares Offered | 30,18,543 |
| Anchor Portion Size (In Cr.) | 65.20 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 22, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 21, 2025 |
Borana Weaves IPO opens on May 20, 2025, and closes on May 22, 2025.
| IPO Open Date | Tue, May 20, 2025 |
| IPO Close Date | Thu, May 22, 2025 |
| Tentative Allotment | Fri, May 23, 2025 |
| Initiation of Refunds | Mon, May 26, 2025 |
| Credit of Shares to Demat | Mon, May 26, 2025 |
| Tentative Listing Date | Tue, May 27, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, May 22, 2025 |
Investors can bid for a minimum of 69 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2020, Borana Weaves Limited is a manufacturer of unbleached synthetic grey fabric based in Surat, Gujarat. The company's unbleached synthetic grey fabric is often widely used as a base for further processing (including dyeing and printing) in industries such as fashion, traditional textiles, technical textiles, home decor, interior design, etc.
The company also manufactures polyester textured yarn (“PTY Yarn”), which is produced by heating polyester oriented yarn (“POY Yarn”), our raw material used in the production of grey fabric.
Borana Weaves Limited company operates three manufacturing units in Surat, Gujarat, equipped with textile manufacturing technologies for, inter alia, texturizing, warping, water jet looms, and textile folding.
As of September 30, 2024, the company had a total of 15 texturizing machines, 6 warping machines, 700 water jet looms, and 10 folding machines active at its three units.
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 149.67 | 137.05 | 74.98 | 31.90 |
| Total Income | 215.71 | 199.60 | 135.53 | 42.36 |
| Profit After Tax | 29.31 | 23.59 | 16.30 | 1.80 |
| EBITDA | 46.03 | 41.17 | 26.06 | 5.17 |
| Net Worth | 76.55 | 47.39 | 24.11 | 1.81 |
| Reserves and Surplus | 56.87 | 47.66 | 24.07 | 1.80 |
| Total Borrowing | 54.03 | 69.10 | 38.89 | 27.31 |
| Amount in ₹ Crore | ||||
The market capitalization of Borana Weaves IPO is ₹575.54 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 49.45% |
| ROCE | 27.42% |
| RoNW | 49.77% |
| PAT Margin | 11.85% |
| Price to Book Value | 9.09 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 11.83 | 14.66 |
| P/E (x) | 18.26 | 14.73 |
The Company Borana Weaves IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Proposing to finance the cost of establishing a new manufacturing Unit to expand its production capabilities to produce grey fabric at Surat, Gujarat, India | 71.35 |
| 2 | Funding incremental working capital requirements | 26.50 |
| 3 | General Corporate Purposes | 32.88 |
[Dilip Davda] BWL is engaged in the business of producing and marketing of unbleached synthetic grey fabrics for B2B segment. It posted spectacular growth since FY23 onwards with rise in top and bottom lines. Its shift from conventional process to water jet loom process yielded the desired benefits. Based on its financial data, the issue appears fully priced. Well-informed investors may park funds for medium term. Read detail review...
| Listing Date | May 27, 2025 |
| BSE Script Code | 544404 |
| NSE Symbol | BORANA |
| ISIN | INE16SF01016 |
| Final Issue Price | ₹216 per share |
| NSE Listing Group | BE |
| BSE Listing Group | T |
Borana Weaves Ltd.
Plot No AA/34, B 16/16,
Hojiwala Industrial Estate, SUSML,
Sachin,
Surat, Gujarat, 394230
Phone: +91-9898426338
Email: info@boranagroup.in
Website: https://www.boranagroup.in/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: bwl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Borana Weaves IPO is a main-board IPO of 67,08,000 equity shares of the face value of ₹10 aggregating up to ₹144.89 Crores. The issue is priced at ₹216 per share. The minimum order quantity is 69.
The IPO opens on May 20, 2025, and closes on May 22, 2025.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Borana Weaves IPO using UPI as a payment gateway. Zerodha customers can apply in Borana Weaves IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Borana Weaves IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Borana Weaves IPO opens on May 20, 2025 and closes on May 22, 2025.
Borana Weaves IPO lot size is 69, and the minimum amount required for application is ₹14,904.
You can apply in Borana Weaves IPO online using either UPI or ASBA as a 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. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Borana Weaves IPO will be done on Friday, May 23, 2025, and the allotted shares will be credited to your demat account by Monday, May 26, 2025. Check the Borana Weaves IPO allotment status.
The Borana Weaves IPO listing date is on Tuesday, May 27, 2025.
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