IPO Details
Bidding Dates
20 May 25 - 22 May 25
Price Range ₹
205 - 216
Total Equity
₹ 144.89Cr
Lot Size
69
Exchange Status
NSE,BSE
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
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
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 87.19 | 65.24 |
| Share Capital | 17382795 | 17382795 |
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.
