Borana Weaves IPO - Details
Amaan Khan |May,2025
The much-anticipated Borana Weaves IPO is set to open for subscription from May 20 to May 22, 2025. This book-built public issue aims to raise approximately ₹144.89 crores through a fresh issue of shares, with a price band fixed between ₹205 to ₹216 per share (face value: ₹10). The allocation structure reserves 10% for retail investors, 75% for institutional buyers (QIBs), and 15% for high-net-worth individuals (HNIs). Following the subscription period, the share allotment will be finalized on May 23, 2025, with successful applicants receiving their shares. The company’s equity shares are scheduled to make their market debut on both BSE and NSE on May 27, 2025.
From a financial perspective, Borana Weaves has demonstrated strong growth, with revenues surging from ₹135.53 crores in 2023 to ₹199.60 crores in 2024. Similarly, profits have risen significantly from ₹16.30 crores to ₹23.59 crores during the same period, reflecting the company’s improving operational performance. This consistent financial growth makes the Borana Weaves IPO an attractive opportunity for long-term investors seeking stable returns. However, as with all public offerings, potential investors should carefully evaluate the company’s prospects and market conditions before participating.
Borana Weaves IPO Market Lot
The Borana Weaves IPO minimum market lot is 69 shares with ₹14,904 application amount. The retail investors can apply up-to 13 lots with 897 shares of ₹1,93,752 amount.
| 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 |
| B-HNI Minimum | 68 | 4,692 | ₹10,13,472 |
Borana Weaves IPO Details
| IPO Open Date: | 20-May-25 |
|---|---|
| IPO Close Date: | 22-May-25 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹205 to ₹216 Per Share |
| Issue Size: | Approx ₹144.89 Crores |
| Fresh Issue: | Approx ₹144.89 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 10% |
| QIB Quota: | Not more than 75% |
| NII Quota: | Not more than 15% |
Borana Weaves IPO Valuation – FY2024 (KPI)
Check Borana Weaves IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
|---|---|
| ROE: | 49.45% |
| ROCE: | 27.42% |
| EBITDA Margin: | 20.68% |
| PAT Margin: | 11.85% |
| Debt to equity ratio: | 1.87 |
| Earning Per Share (EPS): | ₹11.83 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 49.77% |
| Net Asset Value (NAV): | ₹23.77 |
Borana Weaves IPO Company Financial Report
The company reported revenue of ₹199.60 crores in 2024 against ₹135.53 crore in 2023. The company reported profit of ₹23.59 crores in 2024 against profit of ₹16.30 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 2022 | ₹42.36 | ₹40.17 | ₹1.80 | ₹31.90 |
| 2023 | ₹135.53 | ₹115.63 | ₹16.30 | ₹74.98 |
| 2024 | ₹199.60 | ₹171.21 | ₹23.59 | ₹137.05 |
| Sep-24 | ₹215.71 | ₹179.40 | ₹29.31 | ₹149.67 |
Borana Weaves IPO Dates
The Borana Weaves IPO date is May 20, 2025 and the close date is May 22, 2025. The Borana Weaves IPO allotment will be finalized on May 23, 2025 and the IPO listing on May 27, 2025.
| IPO Open Date: | 20-May-25 |
|---|---|
| IPO Close Date: | 22-May-25 |
| Basis of Allotment: | 23-May-25 |
| Refunds: | 26-May-25 |
| Credit to Demat Account: | 26-May-25 |
| IPO Listing Date: | 27-May-25 |
Promoters of Borana Weaves IPO
The promoters of the company are Mangilal Ambalal Borana, Ankur Mangilal Borana, Rajkumar Mangilal Borana, Dhwani Ankur Borana, Mangilal Ambalal Borana HUF, Ankur Mangilal Borana HUF, Rajkumar Mangilal HUF And Borana Filaments Private Limited.
About Borana Weaves IPO
Borana Weaves Ltd, established in 2020, is a prominent textile manufacturer based in Surat, India. The company specializes in producing high-quality synthetic grey fabrics, utilizing advanced technology and modern machinery to ensure efficient and superior production processes.
With a state-of-the-art manufacturing facility equipped with 700 high-speed water jet looms, Borana Weaves has significantly enhanced its production capacity, reaching 220 million metres annually between 2021 and 2024. This expansion reflects the company’s commitment to meeting growing market demands while maintaining exceptional quality standards.
The company’s operations encompass the entire textile manufacturing process, from processing polyester-oriented yarn (POY) to producing high-quality greige fabrics. This includes warping, sizing, and weaving, showcasing the craftsmanship involved in textile production.
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Wardwizard Innovations & Mobilitity Limited | 0.54 | 37.69 | 14.79% | 3.94 | – Cr. |
| Tunwal E-Motors Limited | 2.85 | 10.74 | 82.17% | 4.95 | – Cr. |
Funding Purpose:
Finance the establishment of a new manufacturing unit (“Proposed Unit 4”) in Surat, Gujarat, India.
Expand production capabilities for grey fabric.
Meet incremental working capital requirements.
Support general corporate purposes.
Merchant Bankers
Beeline Capital Advisors Pvt Ltd
Company Address
Borana Weaves Limited
Plot No AA/34, B 16/16,
Hojiwala Industrial Estate, SUSML,
Sachin,
Phone: +91-9898426338
Email: info@boranagroup.in
Website: https://www.boranagroup.in/
Check Grey market premium at below
(GMP)
Borana Weaves IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: bwl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/