Bookbuilding IPO | ₹145 Cr | Listed at BSE, NSE | Tue, May 20, 2025 - Thu, May 22, 2025
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 per share. The lot size for an application is 69. The minimum amount of investment required by an retail is ₹14,904 (69 shares) (based on upper price). 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 Open
Tue, May 20, 2025
IPO Close
Thu, May 22, 2025
Issue Price
₹216 per share
Market Cap (Pre-IPO)
₹575.54 Cr
| IPO Date | 20 to 22 May, 2025 |
| Listed on | Tue, May 27, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹205 to ₹216 |
| Issue Price | ₹216 per share |
| Lot Size | 69 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 67,08,000 shares (agg. up to ₹145 Cr) |
| Fresh Issue | 67,08,000 shares (agg. up to ₹145 Cr) |
| Share Holding Pre Issue | 1,99,37,295 shares |
| Share Holding Post Issue | 2,66,45,295 shares |
| BSE Script Code / NSE Symbol | 544404 / BORANA |
| ISIN | INE16SF01016 |
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 | Max 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%) |
Investors can bid for a minimum of 69 shares and in multiples thereof.
| 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 |
Borana Weaves IPO raises ₹65.20 crore from anchor investors. Borana Weaves IPO Anchor bid date is May 19, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, May 19, 2025 |
| Shares Offered | 30,18,543 |
| Anchor Portion (₹ Cr.) | 65.20 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Jun 22, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Aug 21, 2025 |
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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 49.45% |
| ROCE | 27.42% |
| RoNW | 49.77% |
| PAT Margin | 11.85% |
| Price to Book Value | 9.09 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.83 | 14.66 |
| P/E (x) | 18.26 | 14.73 |
| Promoter Holding | 87.19% | 65.24% |
| Market Cap | ₹575.54 Cr. |
The Borana Weaves IPO is subscribed 147.85 times on May 22, 2025 6:19:33 PM (Day 3). The public issue subscribed 200.50 times in the retail category, 85.53 times in the QIB category, and 237.41 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 85.53 | 20,12,457 | 17,21,25,951 |
| NII | 237.41 | 10,06,200 | 23,88,78,138 |
| bNII (bids above ₹10L) | 239.74 | 6,70,800 | 16,08,14,574 |
| sNII (bids below ₹10L) | 232.75 | 3,35,400 | 7,80,63,564 |
| Retail | 200.50 | 6,70,800 | 13,44,95,214 |
| Total | 147.85 | 36,89,457 | 54,54,99,303 |
Total Application : 17,40,844
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to Book Running Lead Manager (inclusive of underwriting commission, brokerage and selling commission) | 8.24 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Issue. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 0.69 |
| 3 | Fees payable to the Registrar to the Issue | 0.34 |
| 4 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses; | 2.08 |
| 5 | Printing and distribution of stationery; | 0.10 |
| 6 | Advertising and marketing expenses; | 1.36 |
| 7 | Fees payable to legal counsel; | 1.00 |
| 8 | Fees payable to the auditors and independent chartered accountant | 0.03 |
| 9 | Fees payable to other advisors to the Issue, including but not limited to professional service provider, industry service provider and Monitoring Agency; and | 0.17 |
| 10 | Miscellaneous expenses | 0.15 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹216.00 | ₹216.00 |
| Open | ₹243.00 | ₹243.00 |
| Low | ₹243.00 | ₹243.00 |
| High | ₹255.10 | ₹255.15 |
| Last Trade | ₹255.10 | ₹255.15 |
Lead Manager Reports
Borana Weaves IPO is a main-board IPO of 67,08,000 equity shares of the face value of ₹10 aggregating up to ₹145 Crores. The issue is priced at ₹216 per share. The minimum order quantity is 69.
The IPO opens on Tue, May 20, 2025, and closes on Thu, 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 Tue, May 20, 2025 and closes on Thu, 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 Mon, May 26, 2025. Check the Borana Weaves IPO allotment status.
The Borana Weaves IPO listing date is on Tue, May 27, 2025.
