Borana Weaves Ltd.

BORANA

Equity

BSE,NSE

Min. Investment

2,05,000.00

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IPO Details

Bidding Dates

20 May 25 - 22 May 25

Price Range ₹

205 - 216

Total Equity

144.89Cr

Lot Size

69

Exchange Status

BSE,NSE

IPO Doc

Subscription Rate

Non-Institutional Investor

200.53×

Qualified Institutional Buyers

87.21×

Employees

0.00×

Retail Investors

200.53×

Total subscription Rate

148.78×

IPO Timeline

Offer start

20 May 2025

Offer end

22 May 2025

Allotment

23 May 2025

Refund initiation

26 May 2025

Demat transfer

26 May 2025

Listing

27 May 2025

About Company

Borana Weaves Ltd, established in 2020, has built a strong reputation in the textile manufacturing industry by offering a seamless journey from fibre to fabric. The company is committed to fast and high-quality production, supported by a state-of-the-art manufacturing facility equipped with advanced high-speed water jet looms. With 24 water jet weaving looms in operation, Borana Weaves has significantly enhanced both production efficiency and fabric quality. Dedicated to producing premium textiles and driving innovation, the company is also focused on expanding its manufacturing capabilities and exploring new avenues for growth. From POY to PTY, and through the intricate stages of warping, sizing, and weaving, Borana Weaves highlights the craftsmanship at the core of textile creation.

Year Founded

28-10-2020

Promotor Details

Mangilal Ambalal Borana

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage87.1965.24
Share Capital1738279517382795

Offer to Public

67,08,000.00 Cr

Highlights

  • Borana Weaves is a leading manufacturer of synthetic grey fabric in Surat, well-positioned to benefit from the growing market demand.
  • The company has invested in advanced water jet looms and established fully integrated manufacturing units, ensuring smooth and high-quality fabric production.
  • It has demonstrated impressive financial performance, with strong growth in both revenue and profitability.
  • The leadership of Chairman and Managing Director Mangilal Ambalal Borana, with over 24 years of experience in the textile industry, has been instrumental in the company's success.
  • Borana Weaves operates with end-to-end production capabilities, allowing efficient management of the entire manufacturing process and consistent product quality.

Challenges

  • Delay or rejection of the ‘Consent to Establish’ license for Unit 4 may affect operations and growth.
  • A majority of the company’s customers are based in Gujarat and operate without long-term contracts. Any order cancellations or miscommunication in orders can lead to potential business losses.
  • The company’s revenue is heavily dependent on the sale of grey fabric. Any decline in sales volume, product pricing, or production disruptions could negatively impact cash flow and overall financial health.
  • Revenue depends mainly on grey fabric sales; any drop in price or production can impact finances.
  • Borana Weaves operates solely through its manufacturing units. Any unplanned shutdowns, slowdowns, or operational interruptions can disrupt production and adversely affect the business.
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