Borana Weaves IPO Details
The key details of Borana Weaves’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹144.89 Cr |
| Price Range | ₹205 - ₹216 |
| Retail Quota | 10% |
| QIB Quota | 75% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 69 |
| Investment (cut-off price) | ₹14,904 |
| Pre IPO Promotor Holding | 87.19% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Borana Weaves IPO Timelines
The IPO process for Borana Weaves includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
20/05/2025
Start Date22/05/2025
End Date26/05/2025
Refund Initiation26/05/2025
Credit of Shares to Demat Ac27/05/2025
Listing DateBorana Weaves IPO Lot Size
The Borana Weaves IPO has a fixed lot size of 69 shares, at an upper price band of ₹216 per share, requiring ₹14,904 per lot for retail investors. Retail investors can apply for a maximum of 897 shares worth ₹193,752. For Small HNI (S-HNI), the minimum application starts at 966 shares (₹208,656) up to 4,623 shares (₹998,568), while Big HNI (B-HNI) requires a minimum of 4,692 shares amounting to ₹1,013,472.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 69 | ₹14,904 |
| Retail Maximum | 13 | 897 | ₹1,93,752 |
| S-HNI Minimum | 14 | 966 | ₹2,08,656 |
| S-HNI Maximum | 67 | 4623 | ₹9,98,568 |
| B-HNI Minimum | 68 | 4692 | ₹10,13,472 |
Borana Weaves IPO Subscription Status
The subscription status for Borana Weaves IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 85.53x | 237.41x | 200.50x | -- | 147.85x |
IPO Performance on Listing Day
On the listing day (May 27, 2025), Borana Weaves made a positive debut on the stock exchange. The stock opened at ₹243, delivering a decent premium of 12.5% over its issue price of ₹216. Throughout the trading session, the stock showed steady upward momentum, climbing to a high of ₹255.15 while maintaining support at its opening price. The shares concluded their first trading day at ₹255.15, securing a healthy gain of 18.1% over the issue price, reflecting solid investor confidence in this textile manufacturer.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹243 | ₹255.15 | ₹255.15 | ₹243 |
Borana Weaves IPO Company Financials
Borana Weaves IPO reports robust performance in FY2024 with Total Income of ₹199.60 crores, managing expenses at ₹171.21 crores, and achieving a strong PAT (Profit After Tax) of ₹23.59 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹42.36 | ₹40.17 | ₹1.80 |
| FY 2023 | ₹135.53 | ₹115.63 | ₹16.30 |
| FY 2024 | ₹199.60 | ₹171.21 | ₹23.59 |
| FY 2025 (6 M) | ₹137.08 | ₹114.50 | ₹17.90 |
About Company
Incorporated in 2020, Borana Weaves Limited is a textile manufacturing company based in Surat, Gujarat, specializing in unbleached synthetic grey fabric. This fabric serves as a foundational material for further processing such as dyeing and printing, and is used across various industries including fashion, traditional and technical textiles, home décor, and interior design. In addition to grey fabric, the company also produces polyester textured yarn (PTY Yarn), which is derived from polyester oriented yarn (POY Yarn), a key raw material in their production process.
Borana Weaves operates three manufacturing units in Surat, outfitted with advanced textile machinery to support operations like texturizing, warping, weaving via water jet looms, and fabric folding. As of September 30, 2024, the company’s production infrastructure includes 15 texturizing machines, 6 warping machines, 700 water jet looms, and 10 folding machines, reflecting its significant manufacturing capacity within the synthetic textile sector.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2020 | Textile | Mangilal Borana |
Know Before Investing
Borana Weaves IPO Strengths
- Borana Weaves has achieved a remarkable compounded annual growth rate (CAGR) of 116.84% over the last three years, with revenues rising from ₹42.33 crore in FY22 to ₹199.06 crore in FY24, making it one of the fastest-growing textile manufacturers in India.
- The company manages the entire production process in-house, from spinning and texturizing to weaving and finishing, which enhances quality control, reduces dependency on external suppliers, and improves operational efficiency.
- Borana Weaves operates three fully functional manufacturing units in Surat, equipped with 700 water jet looms, 15 texturizing machines, and other modern equipment, supporting large-scale, high-quality production.
- The company specializes in unbleached synthetic grey fabric-a critical input for various downstream industries-allowing it to develop deep market expertise and production efficiency in a high-demand segment.
- Its manufacturing units, especially Unit 1, operate at high utilization rates (up to 98%), reflecting strong demand and efficient capacity management, with plans to further expand through a fourth unit.
- The Borana family and group have decades of experience in textiles, with a history of successful diversification and expansion, lending credibility and stability to the company’s growth plans.
Borana Weaves IPO Risks
- The company’s elevated leverage increases financial risk, interest burdens, and vulnerability to economic downturns, potentially limiting future borrowing capacity.
- Heavy depends on POY Yarn suppliers without long-term contracts exposes Borana Weaves to price volatility, supply disruptions, and production delays.
- Unregistered trademarks leave branding assets vulnerable to infringement, risking reputation damage and legal costs.
- Quality Control Orders (QCOs) on polyester/viscose inputs make raw materials 20% costlier in India compared to global markets, eroding export competitiveness.
- Competition from unorganized players and compliance with evolving labor laws may pressure margins and operational efficiency.
- The capital-intensive textile industry requires continuous tech upgrades. Limited R&D focus and scale compared to global peers could hinder innovation and process efficiency.
Swot Analysis for Borana Weaves IPO
Strengths
Vertical Integration, High Capacity Utilization, Strong Market Reputation
Weaknesses
Regional Customer Concentration, Negative Cash Flows, Contingent Liabilities
Opportunities
Growing Synthetic Textile Demand, Capacity Expansion, Geographic Diversification
Threats
Execution Risks, Intense Competition, Economic Sensitivity
Company Details
Borana Weaves Limited
Phone: +91-9898426338
Email: info@boranagroup.in
Website: https://www.boranagroup.in/
IPO Registar Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: bwl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
FAQs
The key objectives of Borana Weaves IPO are:
- Proposing to finance the cost of establishing a new manufacturing Unit to expand its production capabilities to produce grey fabric at Surat, Gujarat, India.
- Funding incremental working capital requirements.
- General corporate purposes.
Beeline Capital Advisors Pvt Ltd is the book-running lead managers for the Borana Weaves IPO.
Borana Weaves IPO exhibits strong growth potential, supported by robust financial performance and strategic expansion plans. The company’s revenue surged from ₹42.33 crore in FY22 to ₹199.06 crore in FY24, reflecting a 116.84% CAGR, while net profit rose from ₹1.80 crore to ₹23.59 crore in the same period. Margins improved significantly, with PAT margin increasing from 4.25% to 11.85%, and ROCE stabilizing at 27.42% (FY24), underscoring operational efficiency.
The issue price for the Borana Weaves IPO is set between ₹205 to ₹216 per share.
To invest in one lot of Borana Weaves IPO, you need ₹14,145 at the lower price band (₹205 per share) or ₹14,904 at the upper price band (₹216 per share) for a lot size of 69 shares.
Borana Weaves IPO shares are scheduled to be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on May 27, 2025.
Refund/unblocking of funds for Borana Weaves IPO will begin on May 26, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Borana Weaves IPO shares on listing day (May 27, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.