Borana Weaves Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹205 - ₹216
- Lot size
- 69 shares
- Issue amount
- ₹144.89 cr
- Total subscription
- 148.78×
- Opens
- 20 May 2025
- Closes
- 22 May 2025
- Allotment
- 23 May 2025
- Listing
- 27 May 2025
Offer at a glance
Issue overview
- Issue size
- 67,08,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,145
- Fresh issue
- ₹144.89 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,904
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,99,37,295
- Shares after issue
- 2,66,45,295
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 69 | ₹14,904 |
| sHNI | 14 | 966 | ₹2,08,656 |
| bHNI | 68 | 4,692 | ₹10,13,472 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 9,722 | 16,19,492 |
| HNIs(10L +) | 694 | 33,086 |
| HNIs (2-10L) | 347 | 77,727 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 43.47 | 3,791.04 |
| RETAIL | 14.49 | 2,905.54 |
| HNIs 2+ | 7.24 | 1,686.43 |
| HNIs 10+ | 14.49 | 3,473.59 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 14.7 | 11.83 | 10.88 |
| ROE | 38.16 | 49.45 | 67.61 |
| ROCE | 27.11 | 27.42 | 34.93 |
| RONW | 38.28 | 49.77 | 67.61 |
| PRE IPO(PE) | 0 | 18.26 | 0 |
| POST IPO(PE) | 1.47 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Borana Weaves Limited, incorporated in 2020 and headquartered in Surat, Gujarat, is a textile manufacturing company focused on synthetic fabrics and yarn. It mainly produces unbleached synthetic grey fabric used by textile players for dyeing, printing and further processing in fashion, traditional wear, technical textiles and home décor. The company also manufactures polyester textured yarn (PTY), which it processes in-house from POY yarn. With production units in Surat equipped with 15 texturizing machines, 6 warping machines, 700 water jet looms and 10 folding machines (as of September 30, 2024), Borana Weaves operates a B2B model, offering vertically integrated and technology-driven textile manufacturing solutions.
Strengths
- Strategic Location Advantage: Located in Surat – India’s leading textile hub – providing strong sourcing and supply chain benefits.
- Scalable Production Capacity: Operates 700+ water jet looms enabling high-volume fabric manufacturing.
- Wide End-Use Applications: Products cater to fashion, technical textiles, and home décor segments.
Risk factors
- Regulatory & Licensing Risk: Delay or failure in getting approvals for Proposed Unit 4 can disrupt operations and impact financials.
- Customer Concentration Risk: 98% revenue depends on Gujarat-based customers without long-term contracts, increasing uncertainty.
- Geographic Concentration Risk: Heavy reliance on Gujarat for operations and supply chain makes the company vulnerable to regional disruptions.
Promoters
Mangilal Ambalal Borana,
Ankur Mangilal Borana
Rajkumar Mangilal Borana
Dhwani Ankur Borana
Mangilal Ambalal Borana HUF
Ankur Mangilal Borana HUF
Rajkumar Mangilal HUF
Borana Filaments Private Limited
Registrar & documents
Lead manager
Beeline Capital Advisors Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No AA/34, B 16/16, Hojiwala Industrial Estate, SUSML, Sachin,
+91-9898426338
[email protected]Company website ↗Understanding BORANA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.