Borana Weaves IPO

Borana Weaves IPO: Check IPO Date, Live Subscription and Key Details

Borana Weaves Limited, started in 2020 and based in Surat, is a textile company that makes unbleached synthetic grey fabric. This fabric is used as a base for dyeing, printing, and finishing, and is widely used in fashion, home décor, traditional and technical textiles. The company also makes polyester textured yarn (PTY Yarn) by heating and processing polyester oriented yarn (POY Yarn), which is a key raw material in their fabric production.

Min Investment
₹14904
Price Range
₹205.00-216.00
Issue Size
₹144.89 Cr
IPO Type
Mainboard

Key Metrics

Check Live GMP

Face Value
₹10
EPS
14.66
P/E Ratio
14.73
RoNW
49.77%
ROE
49.45%

Timeline

IPO Opens

20 May

IPO Closes

22 May

Allotment

23 May

Listing

27 May

IPO Objectives

  • Proposing to finance the cost of establishing a new manufacturing Unit to expand its production capabilities to produce grey fabric at Surat, Gujarat, India (Proposed Unit 4).
  • Funding incremental working capital requirements.
  • General Corporate Purposes.

Strengths

    Weaknesses

      Financial Performance

      Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
      Assets (₹ Cr.)149.66137.0574.9831.9
      Revenue (₹ Cr.)216.15199.6135.5342.36
      PAT (₹ Cr.)29.323.5916.31.8
      Net Worth (₹ Cr.)76.5547.3924.111.8

      Peer Comparison

      CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)

      Subscription Details

      Daily Bids Status

      DateDay 1Day 2
      QIB1.54x1.59x
      NII11.64x21.90x
      S-HNI16.24x28.69x
      B-HNI9.33x18.50x
      RII25.55x42.45x
      Total8.66x14.56x

      Overall Subscription Statistics

      CategoryShares OfferedShares BidBid Amount (₹ Cr)
      QIB20,12,45732,02,98069.18
      NII10,06,2002,20,30,872475.87
      Small NII3,35,40096,23,430207.87
      Big NII6,70,8001,24,07,442268.00
      RII6,70,8002,84,78,370615.13
      Total36,89,4575,37,12,2221,160.18

      Company Details

      Registrar Details