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.
Price Range
₹205.00-216.00
Issue Size
₹144.89 Cr
Lot Size
69 shares
IPO Type
Mainboard
GMP
₹43(+19.91%)
Est. Listing Price
₹259
Estimate Profit
₹2,967
Retail Portion
-
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
14.66
P/E Ratio
14.73
RoNW
49.77%
ROE
49.45%
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Timeline
IPO Opens
20 May
IPO Closes
22 May
Allotment
23 May
Listing
27 May
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 20 May 2025 | Subscription starts |
| IPO Close Date | 22 May 2025 | Subscription ends |
| Allotment Date | 23 May 2025 | Allotment |
| Listing Date | 27 May 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,904 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,93,752 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,08,656 |
SHNI (Max)Below ₹10,00,000 | 67 | ₹9,98,568 |
BHNIAbove ₹10,00,000 | 68 | ₹10,13,472 |
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
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Financial Performance
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 149.66 | 137.05 | 74.98 | 31.9 |
| Revenue (₹ Cr.) | 216.15 | 199.6 | 135.53 | 42.36 |
| PAT (₹ Cr.) | 29.3 | 23.59 | 16.3 | 1.8 |
| Net Worth (₹ Cr.) | 76.55 | 47.39 | 24.11 | 1.8 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 1.54x | 1.76x | 85.53x |
| NII | 11.64x | 53.2x | 237.3x |
| S-HNI | 16.24x | 65.75x | 232.44x |
| B-HNI | 9.33x | 46.93x | 239.74x |
| RII | 25.55x | 78.08x | 199.08x |
| Total | 8.66x | 29.67x | 147.57x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 20,12,457 | 17,21,25,951 | 3,717.92 |
| NII | 10,06,200 | 23,87,74,017 | 5,157.52 |
| Small NII | 3,35,400 | 7,79,59,443 | 1,683.92 |
| Big NII | 6,70,800 | 16,08,14,574 | 3,473.59 |
| RII | 6,70,800 | 13,35,41,151 | 2,884.49 |
| Total | 36,89,457 | 54,44,41,119 | 11,759.93 |
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Company Details
- Borana Weaves
- Plot No AA/34, B 16/16, Hojiwala Industrial Estate, SUSML
- +91-9898426338
- info@boranagroup.in
- https://www.boranagroup.in/
Registrar Details
- Kfin Technologies Limited
- 04067162222, 04079611000
- bwl.ipo@kfintech.com
- https://kosmic.kfintech.com/ipostatus/
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