Borana Weaves IPO (Borana Weaves Limited IPO)
Borana Weaves IPO open for bidding on 20th May 2025 and ends on 22nd May 2025.
Borana Weaves Limited is a textile manufacturer headquartered in Surat, Gujarat, incorporated in 2020 and converted into a public limited company in September 2024. The company specializes in producing unbleached synthetic grey fabric, which serves as a base for further dyeing and printing, and manufactures polyester textured yarn (PTY Yarn) by texturizing polyester oriented yarn (POY Yarn).
Operating three manufacturing units in the Hojiwala Industrial Estate – the company had an aggregate installed capacity of 233.28 million meters per annum, with actual production of 139.31 million meters in the nine months ended December 31, 2024. High capacity utilization, supported by water jet looms, underpins its operational efficiency.
Its product portfolio addresses diverse end‑use industries, including fashion, traditional textiles, home décor and technical textiles, leveraging strong customer relationships in South Gujarat and beyond.
For more details, refer to Borana Weaves IPO RHP and Borana Weaves IPO Pulse Score
Borana Weaves IPO Details
| IPO Date | 20th May 2025 to 22nd May 2025 |
| Listing Date | [•] |
| Face Value | ₹10 per share |
| 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) |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | >75% |
| NII | <15% |
| bNII | 10% |
| sNII | 5% |
| Retail | <10% |
Borana Weaves IPO Timeline
| IPO Open | 20th May 2025 |
| IPO Close | 22nd May 2025 |
| Basis Of Allotment | 23rd May 2025 |
| Initiation of Refunds | 26th May 2025 |
| Credit of Shares to Demat | 26th May 2025 |
| Listing Date | 27th May 2025 |
Fundamentals
Data as of 31st December 2024
| Market Cap | ₹575.54 Cr | P/E Ratio- Pre IPO | 18.26 |
| RoNW* | 38.28% | P/E Ratio- Post IPO | 14.73 |
| RoCE* | 27.11% | P/B Ratio | 9.09 |
| Debt to Equity | 0.95 | PAT Margin | 13.85% |
Note: P/E Ratio -Pre IPO is calculated based on Pre-issue Shareholding and FY Earnings of March 2024. P/E Ratio- Post IPO is calculated based on post-issue shareholding and annualized FY earnings for December 2024. RoCE and RoNW are for a nine-month period ended December 31, 2024
Borana Weaves IPO Objectives
The company proposes to utilize the Net Proceeds towards the funding of the following objects:
- Proposing to finance the cost of establishing a new manufacturing Unit to expand its production capabilities to produce grey fabric at Surat, Gujarat, India (“Proposed Unit 4”);
- Funding incremental working capital requirements; and
- General corporate purposes.
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