Borana Weaves Ltd
Price Range
₹205 - ₹216
-
Min. Quantity
69
Closes on
22 May 2025
-
Min. investment
₹14,904/897 Shares
Borana Weaves Ltd IPO Timeline
Borana Weaves Limited was originally incorporated as Borana Weaves Private Limited' as a Private Limited Company pursuant to a Certificate of Incorporation dated October 28, 2020 issued by the Registrar of Companies, Central Registration Centre. Subsequently, Company was converted from a Private Limited to a Public Limited and the name of the Company was changed to Borana Weaves Limited' dated September 24, 2024 by the Registrar of Companies, Central Processing Centre.
| Event | Date |
|---|---|
| Borana Weaves Ltd IPO Opening Date | 20 May 2025 |
| Borana Weaves Ltd IPO Closing Date | 22 May 2025 |
| Basis of Allotment | 23 May 2025 |
| Initiation of Refunds | 26 May 2025 |
| Credit of Shares to Demat | 26 May 2025 |
| Borana Weaves Ltd IPO Listing Date | 27 May 2025 |
Borana Weaves Ltd IPO Details
| Borana Weaves Ltd IPO Date | 20 May 2025 to 22 May 2025 |
| Borana Weaves Ltd IPO Face Value | ₹10 per share |
| Borana Weaves Ltd IPO Price | ₹205 to ₹216 per share |
| Borana Weaves Ltd IPO Lot Size | 69 |
| Issue Size | Shares of ₹10 (aggregating up to ₹144.89 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹144.89 Cr) |
| Offer for Sale | - |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 20,12,457 of the Net Offer |
| Retail Shares Offered | Not less than 6,70,800 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 10,06,200 of the Net Offer |
| Company Promoters | Mangilal Ambalal Borana, Ankur Mangilal Borana, Rajkumar Mangailal Borana |
Borana Weaves Ltd IPO Lot Size
The Borana Weaves Ltd IPO lot size is 69 shares. A retail-individual investor can apply for up to 13 lots (897 shares or ₹1,93,752).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 69 | ₹14,904 |
| Maximum | 13 | 897 | ₹1,93,752 |
- Strengths
- Risks
- Opportunities
- Market position in grey fabric and Polyester Textured Yarn ("PTY") manufacturing.
- Investment in highly efficient water jet looms capable of producing flawless fabric in both quality and quantity; fully integrated manufacturing units established in strategic location
- Delivering strong financial and operating metrics.
- Experienced Promoters with execution capabilities.
Company Financials
Borana Weaves Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 137.05 | 199.6 | 23.59 |
| 03-2023 | 74.98 | 135.53 | 16.30 |
| 03-2022 | 31.9 | 42.36 | 1.80 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Proposing to finance the cost of establishing a new mfg unit to expand its production capabilities to produce grey fabric at
- Funding incremendtal working capital requirements
- General corporate purposes
Borana Weaves Ltd IPO Promoter Holding
| Pre Issue Share Holding | 18.8% |
| Post Issue Share Holding | 14.06% |
Borana Weaves Ltd IPO Subscription Status (Bidding Detail)
The Borana Weaves Ltd IPO is subscribed 57.0018 times on 22 May 2025 05:00:00 PM. The public issue subscribed 126.5289 times in the retail category, 2.1769 times in the QIB category, and 120.3032 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 2.1769 | 120.3032 | 126.5289 | - | 57.0018 |
Borana Weaves Ltd IPO Prospectus
Borana Weaves Ltd IPO Listing Date
| BSE Script | - |
| NSE Symbol | - |
| Listing In | BSE, NSE |
| ISIN | INE16SF01016 |
| IPO Price | ₹216 |
| Face Value | ₹10 |
Company Contact Information
Plot No.AA/34 B 16/16 HojiwalaIndustrial Estate SUSML Sachin,Surat-394230
Phone: +91 98984 26338
Email: info@boranagroup.in
Website: https://boranagroup.in/
Borana Weaves Ltd IPO Registrar
Borana Weaves Ltd IPO Lead Manager(s)
- Beeline Capital Advisors Pvt Ltd
FAQ
What is the issue size of Borana Weaves Ltd IPO?
I have pre-applied for Borana Weaves Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.