Mumbai: Borana Weaves is launching its Initial Public Offering (IPO) on Tuesday, May 20, 2025. The IPO will remain open for three days, ending on Thursday, May 22. Bidding by anchor investors is scheduled for May 19.
The IPO aims to raise Rs 144.89 crore through a fresh issue of 6.7 million equity shares. There is no offer-for-sale (OFS) component.
Price Band and Lot Size
The price band is set at Rs 205 to Rs 216 per share. The minimum lot size is 69 shares.
Minimum investment for retail investors: Rs 14,904
Maximum investment (13 lots): Rs 1,93,752
Investor Quota Split
- 75 per cent reserved for Qualified Institutional Buyers (QIBs)
- 15 per cent for Non-Institutional Investors (NIIs)
- 10 per cent for Retail Investors
Allotment and Listing Dates
Allotment Date: May 23, 2025
Demat Credit: May 26, 2025
Listing Date: May 27, 2025 on BSE and NSE
IPO Objective
The funds will be used to:
- Set up a new manufacturing plant in Surat
- Expand production capacity for grey fabric
- Meet working capital needs
- Cover general corporate expenses
Company Overview
Borana Weaves is a Surat-based textile company. It makes unbleached synthetic grey fabric and polyester textured yarn. These materials are used in fashion, home décor, and technical textiles.
Financial Performance
FY24 Revenue: Rs 199.1 crore (up 47 per cent YoY)
FY24 Profit: Rs 23.58 crore (up 44.66 per cent YoY)
9-month FY25 Revenue: Rs 211.61 crore
9-month FY25 Profit: Rs 29.30 crore
IPO Registrar and Lead Manager
Registrar: KFIN Technologies
Lead Manager: Beeline Capital Advisors
