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Borana Weaves IPO

  • Status: Live
  • RHP:
  • ₹ 14,145 / 69 shares

    Minimum Investment

IPO Details

  • Open Date

    20 May 2025

  • Close Date

    22 May 2025

  • Listing Date

    27 May 2025

  • IPO Price Range

    ₹ 205 to ₹216

  • IPO Size

    ₹ 144.89 Cr

  • Listing Exchange

    BSE NSE

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Timeline Subscription Status Financials SWOT FAQ Contacts

IPO Timeline

Borana Weaves IPO Subscription Status

Last Updated: 20 May 2025 2:13 PM by 5Paisa

Borana Weaves Limited, a Surat-based textile manufacturer, is launching its ₹144.89 crore IPO. The company specializes in unbleached synthetic grey fabric, widely used across fashion, home decor, and industrial applications. It also produces polyester textured yarn (PTY), a key input for grey fabric. With three advanced manufacturing units in Surat, Borana Weaves operates 700 water jet looms and a comprehensive setup for texturizing, warping, and fabric finishing.

Established in: 2020
Chairman & MD: Mr. Mangilal Ambalal Borana 

Peers

Jindal Worldwide Ltd.
Vardhman Textiles Ltd.
Arvind Ltd.
KPR Mill Ltd.
Gokaldas Exports Ltd.
Shahlon Group Ltd.
 

Objectives

1. Setting up a new grey fabric manufacturing unit in Surat, Gujarat
2. Meeting additional working capital needs
3. General corporate purposes
 

Borana Weaves IPO Size

Types Size
Total IPO Size ₹144.89 Cr.
Offer For Sale -
Fresh Issue ₹144.89 Cr.

 

Borana Weaves IPO Lot Size

 
Application Lots Shares Amount
Retail (Min) 1 69 14,145
Retail (Max) 13 897 183,885
S-HNI (Min) 14 966 198,030
S-HNI (Max) 67 4,623 947,715
B-HNI (Min) 68 4,692 961,860

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY23 FY24
Revenue 42.36 135.53 199.60
EBITDA 5.17 26.06 41.17
PAT 1.80 16.30 23.59
Particulars (in Rs. Crores) FY22 FY23 FY24
Total Assets 31.90 74.98 137.90
Share Capital 0.01 0.04 0.04
Total Borrowings 27.31 38.89 69.10
Particulars (in Rs. Crores) FY22 FY23 FY24
Net Cash Generated From / (used in) operating activities -8.33 6.90 22.13
Net Cash Generated From / (used in) investing activities -16.37 -22.10 -48.07
Net Cash Generated From / (used in) financing activities 24.70 15.28 25.87
Net Increase (Decrease) In Cash And Cash Equivalents 0.01 0.07 -0.08


Strengths

1. Advanced water jet looms enhance efficiency and fabric quality
2. Focused grey fabric line targets niche textile segment
3. Strong reputation for quality and customer reliability
4. Vertical integration streamlines supply chain and reduces delays
 

Weaknesses

1. High-tech machinery increases fixed and operational costs
2. Entire revenue depends on the domestic market
3. Heavy reliance on regular technology upgrades
4. Limited product diversification increases market concentration risk
 

Opportunities

1. Rising demand for sustainable and eco-friendly textiles
2. Potential to tap high-demand global textile markets
3. Growing domestic market for specialized grey fabric
4. Export incentives can boost international competitiveness
 

Threats and Challenges

1. Intense competition from local and global textile manufacturers
2. Raw material price volatility affects profit margins
3. Regulatory shifts may raise compliance and labor costs
4. Economic slowdowns can hurt textile demand and revenue.
 

● The company has shown strong financial growth, with revenue rising from ₹42.36 Cr in FY22 to ₹199.60 Cr in FY24.
● It operates in a niche market, focusing on grey fabric and PTY yarn used across multiple textile applications.
● Borana Weaves stands to benefit from India’s fast-growing textile industry, projected to reach US$ 350 billion by 2030.
● IPO proceeds will support a new manufacturing unit in Surat, boosting production capacity and operational scale.

●  According to reports, India’s textile and apparel market is expected to grow at 10% CAGR, reaching US$ 350 billion by 2030.
● The country ranks as the 3rd largest global textile exporter, with exports projected to hit US$ 100 billion.
● The sector contributes 2.3% to GDP, with potential to double its share by the decade's end.
● India’s home textile market is set to grow at 8.9% CAGR, reaching US$ 23.32 billion by 2032.

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FAQs

Borana Weaves IPO opens from 20 May 2025 to 22 May 2025.

The size of Borana Weaves IPO is ₹144.89 Cr.

The price of Borana Weaves IPO is fixed at ₹205 to ₹216  per share. 

To apply for Borana Weaves IPO, follow the steps given below:

● Login to your 5paisa account and select the issue in the current IPO section    
● Enter the number of lots and the price at which you wish to apply for the Borana Weaves  IPO.    
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Borana Weaves IPO is 69 shares and the investment required is ₹14,145.

The share allotment date of Borana Weaves IPO is 23 May 2025

The Borana Weaves IPO will likely be listed on 27 May 2025.

Beeline Capital Advisors Pvt Ltd is the book running lead manager for Borana Weaves IPO.
 

Borana Weaves plans to utilise the raised capital from the IPO for:

1. Setting up a new grey fabric manufacturing unit in Surat, Gujarat
2. Meeting additional working capital needs
3. General corporate purposes