Borana Weaves IPO Allotment Status

Borana Weaves Limited, incorporated in 2020, is a manufacturer of unbleached synthetic grey fabric based in Surat, Gujarat. The Borana Weaves IPO comes with a total issue size of ₹144.89 crore, comprising entirely a fresh issue of 0.67 crore shares. The Borana Weaves IPO opened on May 20, 2025, and closed on May 22, 2025. The allotment date for the Borana Weaves IPO is expected to be finalized on Friday, May 23, 2025.

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Steps to Check Borana Weaves IPO Allotment Status on Registrar Site

• Visit Kfin Technologies Limited website
• Select "Borana Weaves IPO" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Borana Weaves IPO Allotment Status on BSE/NSE

• Navigate to the BSE SME IPO Allotment Status Page
• Choose "Borana Weaves IPO" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Borana Weaves IPO Subscription Status

Borana Weaves IPO received strong investor interest, being subscribed 7.67 times overall. Here is a category-wise breakdown of the subscription as of 6:19:58 PM on May 16, 2025:

• Retail Category: 200.50 times
• Qualified Institutional Buyers (QIB): 85.53 times
• Non-Institutional Investors (NII): 237.41 times

Utilization of IPO Proceeds

The funds raised through the IPO will be utilized as follows:

• Manufacturing Expansion: Proposing to finance the cost of establishing a new manufacturing Unit to expand its production capabilities to produce grey fabric at Surat, Gujarat, India
• Working Capital: Funding incremental working capital requirements
• General Corporate Purposes: Supporting various business initiatives

Business Overview

The company's unbleached synthetic grey fabric is often widely used as a base for further processing (including dyeing and printing) in industries such as fashion, traditional textiles, technical textiles, home decor, interior design, etc. Borana Weaves also manufactures polyester textured yarn ("PTY Yarn"), which is produced by heating polyester oriented yarn ("POY Yarn"), their raw material used in the production of grey fabric. The company operates three manufacturing units in Surat, Gujarat, equipped with textile manufacturing technologies for texturizing, warping, water jet looms, and textile folding. As of September 30, 2024, the company had a total of 15 texturizing machines, 6 warping machines, 700 water jet looms, and 10 folding machines active at its three units.