Borana Weaves IPO
Bookbuilding IPO | ₹145.00 Cr | Listing at BSE, NSE
Closed
BORANA
GMP: 0.00
IPO Open
Tue, May 20, 2025
IPO Close
Thu, May 22, 2025
Price Band
₹205.00 to ₹216.00
Market Cap (Pre-IPO)
₹575.54 Cr
IPO Details
| IPO Date | May 20, 2025 to May 22, 2025 |
| Listing Date | Tentative: May 27, 2025 |
| Face Value | ₹10.00 per share |
| Price Band | ₹205.00 to ₹216.00 |
| Lot Size | 69 Shares (Minimum: ₹14,904.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹145.00 Crores |
| Total Shares Offered | 6,708,000 shares |
| Offer For Sale | 6,708,000 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 85.53x |
| NII | 237.41x |
| RII | 200.50x |
| Total | 147.85x |
Borana Weaves IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 50,31,000 (75.00%) |
| Retail Shares Offered | 6,70,800 (10.00%) |
| NII Shares Offered | 10,06,200 (15.00%) |
Borana Weaves IPO Lot Size
Investors can bid for a minimum of 69 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 69 | ₹14,904 |
| Retail (Max) | 13 | 897 | ₹193,752 |
| S-HNI (Min) | 14 | 966 | ₹208,656 |
| S-HNI (Max) | 67 | 4,623 | ₹998,568 |
| B-HNI (Min) | 68 | 4,692 | ₹1,013,472 |
Borana Weaves Financial Information (Restated Consolidated)
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 149.67 | 137.05 | 74.98 | 31.90 |
| Total Income | 215.71 | 199.60 | 135.53 | 42.36 |
| Profit After Tax | 29.31 | 23.59 | 16.30 | 1.80 |
| EBITDA | 46.03 | 41.17 | 26.06 | 5.17 |
| 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 |
Amount in ₹ Cr
Key Performance Indicators
As of Sunday, March 31, 2024| KPI | Values |
|---|---|
| ROE (Return on Equity) | 49.45% |
| ROCE (Return on Capital Employed) | 27.42% |
| Debt/Equity | 0.00 |
| RoNW (Return on Net Worth) | 49.77% |
| PAT Margin (Profit After Tax Margin) | 11.85% |
| EBITDA Margin | 0.00% |
| Price to Book Value | 9.09 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 11.83 | 14.66 |
| P/E (x) | 18.26 | 14.73 |
| Promoter Holding | 87.19% | 65.24% |
Company Promoters
- Mangilal Ambalal Borana
- Ankur Mangilal Borana
- Rajkumar Mangilal Borana
- Dhwani Ankur Borana
- Mangilal Ambalal Borana HUF
- Ankur Mangilal Borana HUF
- Sandhya Bansal
- Rajkumar Mangilal HUF And Borana Filaments Private Limited are the company promoters.
Company Overview
- Incorporated in 2020, Borana Weaves Limited is a manufacturer of unbleached synthetic grey fabric based in Surat, Gujarat. The company's unbleached synthetic grey fabric is often widely used as a base for further processing (including dyeing and printing) in industries such as fashion, traditional textiles, technical textiles, home decor, interior design, etc.
- The company also manufactures polyester textured yarn (“PTY Yarn”), which is produced by heating polyester oriented yarn (“POY Yarn”), our raw material used in the production of grey fabric.
- Borana Weaves Limited company operates three manufacturing units in Surat, Gujarat, equipped with textile manufacturing technologies for, inter alia, texturizing, warping, water jet looms, and textile folding.
- As of September 30, 2024, the company had a total of 15 texturizing machines, 6 warping machines, 700 water jet looms, and 10 folding machines active at its three units.
Use of Proceeds
| 1) | Proposing to finance the cost of establishing a new manufacturing Unit to expand its production capabilities to produce grey fabric at Surat, Gujarat, India | 71.35 |
| 2) | Funding incremental working capital requirements | 26.50 |
| 3) | General Corporate Purposes | 32.88 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Quick Info
| Sector | Textile |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹575.54 Cr |
| GMP | 0.00 |
Important Dates
| IPO Open | May 20, 2025 |
| IPO Close | May 22, 2025 |
| Allotment Date | May 23, 2025 |
| Credit to Demat | May 26, 2025 |
| Listing Date | Tentative: May 27, 2025 |
Lead Manager(s)
Beeline Capital Advisors Pvt.Ltd.
Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
Description
- Borana Weaves IPO is a book build issue of ₹144.89 crores. The issue is entirely a fresh issue of 0.67 crore shares of ₹144.89 crore.
- Borana Weaves IPO bidding started from May 20, 2025 and ended on May 22, 2025. The allotment for Borana Weaves IPO was finalized on May 23, 2025. The shares got listed on BSE, NSE on May 27, 2025.
- Borana Weaves IPO price band is set at ₹216.00 per share . The lot size for an application is 69. The minimum amount of investment required by an retail is ₹14,145 (69 shares). The lot size investment for sNII is 14 lots (966 shares), amounting to ₹2,08,656, and for bNII, it is 68 lots (4,692 shares), amounting to ₹10,13,472.