Borana Weaves IPO

Incorporated in 2020, Borana Weaves Limited is based in Surat, Gujarat, and specialises in manufacturing unbleached synthetic grey fabric, widely used as a base for further processing such as dyeing and printing in sectors like fashion, home decor, traditional and technical textiles, and interior design. The company also produces polyester textured yarn (PTY Yarn) from polyester oriented yarn (POY Yarn), which is used in grey fabric production. Operating three manufacturing units in Surat, it utilises advanced technologies and, as of September 30, 2024, runs 15 texturizing machines, 6 warping machines, 700 water jet looms, and 10 folding machines.

Borana Weaves Limited IPO Overview 

Borana Weaves IPO is a book-built issue amounting to ₹144.89 crores, consisting entirely of a fresh issue of 0.67 crore equity shares. The IPO opens for subscription on May 20, 2025, and closes on May 22, 2025, with the allotment expected to be finalised on May 23, 2025. The shares are proposed to be listed on both BSE and NSE, with a tentative listing date set for May 27, 2025. The price band is fixed between ₹205 to ₹216 per share.

Retail investors are required to apply for a minimum lot size of 69 shares, amounting to ₹14,145; however, bidding at the cutoff price is advised to avoid the risk of oversubscription, bringing the investment to approximately ₹14,904. For sNII investors, the minimum investment is 14 lots (966 shares) worth ₹2,08,656, while for bNII, it is 68 lots (4,692 shares) valued at ₹10,13,472. Beeline Capital Advisors Pvt Ltd is the book-running lead manager, and Kfin Technologies Limited serves as the registrar to the issue.

Borana Weaves Limited IPO Details

Particulars	Details
IPO Date	20 May 2025 to 23 May 2025
Listing Date	27 May 2025
Face Value	₹10 per share
Issue Price Band	₹205 to ₹216 per share
Lot Size	69 Shares
Total Issue Size	67,08,000 shares (aggregating up to ₹144.89 Cr)
Fresh Issue	67,08,000 shares (aggregating up to ₹144.89 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	NSE BSE
Share Holding Pre Issue	1,99,37,295 shares
Share Holding Post Issue	2,66,45,295 shares

Borana Weaves Limited IPO Reservation

Investor Category	Shares Offered
QIB	Not less than 75% of the Net Issue
Retail	Not more than 10% of the Net Issue
NII (HNI)	Not more than 15% of the Net Issue

 Borana Weaves Limited IPO Lot Size

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 Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	87.19%
Post-Issue	–

Borana Weaves Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	11.83
Price/Earnings (P/E) Ratio	TBD
Return on Net Worth (RoNW)	49.77%
Net Asset Value (NAV)	23.77
Return on Equity	49.45%
Return on Capital Employed (ROCE)	27.42%
EBITDA Margin	20.68%
PAT Margin	11.85%
Debt to Equity Ratio	–

Objectives of the Proceeds

• Proposing to finance the cost of establishing a new manufacturing unit to expand grey fabric production in Surat, Gujarat – ₹713.48 million

• Funding incremental working capital requirements – ₹265.00 million

• General corporate purposes

Key Financials (in ₹ crore)

Period Ended	31 Dec 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	149.67	137.05	74.98	31.90
Revenue	215.71	199.60	135.53	42.36
Profit After Tax	29.31	23.59	16.30	1.80
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