Borana Weaves Limited is a Surat-based textile manufacturing company specializing in unbleached synthetic grey fabric and polyester textured yarn (PTY Yarn). Established in 2020, the company has rapidly expanded its operations and is now among India’s leading producers of high-quality microfilament woven fabrics. Their products serve as base materials across various sectors, including fashion, traditional textiles, technical textiles, and home décor.
Company Overview
- Founded: 2020
- Headquarters: Surat, Gujarat, India
- Core Products: Unbleached synthetic grey fabric, polyester textured yarn
- Manufacturing Facilities: Three units in Surat equipped with machinery for texturizing, warping, weaving, and folding. As of September 30, 2024, the company operated 15 texturizing machines, 6 warping machines, 700 water jet looms, and 10 folding machines .
- Production Capacity: Quadrupled from 55 million meters in 2021 to 220 million meters annually by 2024 .
- Customer Base: Served 146 customers as of September 30, 2024 .
Borana Weaves Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 20 May 2025 |
| IPO Close Date | 22 May 2025 |
| Allotment Date | 23 May 2025 |
| IPO Listing Date | 27 May 2025 |
Borana Weaves Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 10 Per Equity Share |
| IPO Price | Rs. 205 to Rs. 216 Per Equity Share |
| Market Lot | 69 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 145 Crore. |
Borana Weaves Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 69 | Rs. 14904 |
| Maximum | 13 | 897 | Rs. 193752 |
| Small HNI (Minimum) | 14 | 966 | Rs. 208656 |
| Big HNI (Minimum) | 68 | 4692 | Rs. 1013472 |
Borana Weaves Limited IPO Allotment Status
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Company Financials :
| Particular | 31 March 2024 | 31 March 2023 | 31 March 2022 |
| Total Assets | 137.05 | 74.98 | 31.90 |
| Total Revenue | 199.60 | 135.53 | 42.36 |
| Profit After Tax | 23.59 | 16.30 | 1.80 |
Company Promoters:
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.
Objects of this Issue:
- Proposing to finance the cost of establishing a new manufacturing Unit to expand its production capabilities to produce grey fabric at Surat, Gujarat, India
- Funding incremental working capital requirements
- General Corporate Purposes.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| 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/ | Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: bwl.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
