Borana Weaves IPO is a bookbuilding of ₹144.89 crores. The issue is entirely a fresh issue of 0.67 crore shares.
Borana Weaves IPO will open for subscription on May 20, 2025 and close on May 22, 2025. Allotment for Borana Weaves IPO is expected to be finalized on Friday, May 23, 2025. Borana Weaves IPO will be listed on BSE, NSE and the tentative date of listing is fixed as Tuesday, May 27, 2025.
The price band of Borana Weaves IPO has been fixed at ₹205 to ₹216 per share. The minimum lot size for application is 69. The minimum amount of investment required by retail investors is ₹14,145. But the investor is suggested to bid at the cutoff price, which is around ₹14,904, to avoid an oversubscription scenario. The minimum lot size investment for sNII is 14 lots (966 shares), amounting to ₹2,08,656, and for bNII, it is 68 lots (4,692 shares), amounting to ₹10,13,472.
Refer Borana Weaves IPO RHP for detailed informatio
Borana Weaves Limited Financial Information (Restated)
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 149.67 | 137.05 | 74.98 | 31.90 |
| Revenue | 215.71 | 199.60 | 135.53 | 42.36 |
| Profit After Tax | 29.31 | 23.59 | 16.30 | 1.80 |
| Net Worth | 76.55 | 47.39 | 24.11 | 1.81 |
| Reserves and Surplus | 56.87 | 47.66 | 24.07 | 1.80 |
| Total Borrowing | 54.03 | 69.10 | 38.89 | 27.31 |
| Amount in ₹ Crore | ||||
Borana Weaves IPO Details
| IPO Date | May 20, 2025 to May 22, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹205 to ₹216 per share |
| Lot Size | 69 Shares |
| Total Issue Size | 67,08,000 shares (aggregating up to ₹144.89 Cr) |
| Fresh Issue | 67,08,000 shares (aggregating up to ₹144.89 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,99,37,295 shares |
| Share Holding Post Issue | 2,66,45,295 shares |
Borana Weaves IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Issue |
| Retail Shares Offered | Not more than 10% of the Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Issue |
Borana Weaves IPO Timeline (Tentative Schedule)
| IPO Open Date | Tue, May 20, 2025 |
| IPO Close Date | Thu, May 22, 2025 |
| Tentative Allotment | Fri, May 23, 2025 |
| Initiation of Refunds | Mon, May 26, 2025 |
| Credit of Shares to Demat | Mon, May 26, 2025 |
| Tentative Listing Date | Tue, May 27, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 22, 2025 |
Borana Weaves IPO Lot Size
Investors can bid for a minimum of 69 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 69 | ₹14,904 |
| Retail (Max) | 13 | 897 | ₹1,93,752 |
| S-HNI (Min) | 14 | 966 | ₹2,08,656 |
| S-HNI (Max) | 67 | 4,623 | ₹9,98,568 |
| B-HNI (Min) | 68 | 4,692 | ₹10,13,472 |
| Lot Size Calculator | |||
Borana Weaves IPO Promoter Holding
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 are the company promoters.
| Share Holding Pre Issue | 87.19% |
| Share Holding Post Issue |
Borana Weaves Limited, founded in 2020, is a gray unbleached synthetic fabric manufacturer based in Surat, Gujarat. The company's gray unbleached synthetic fabric is often used as a base for subsequent processing (including dyeing and printing) in industries such as fashion, traditional textiles, technical textiles, home decoration, interior design, etc.
The company also manufactures texturized polyester ("Hilo PTY"), which is made by spinning heat oriented polyester ("Hilo POY"), which is our primary material used in the production of gray cloth.
The company Borana Weaves Limited operates three manufacturing units in Surat, Gujarat, which are equipped with textile manufacturing technologies for texturized, knitted, water-based weaving and pleating of textiles, among others.
As of September 30, 2024, the company will be accounting for a total of 15 texturizing machines, 6 ironing machines, 700 water troughs and 10 folding machines operating in its three units.
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