Borana Weaves IPO - Day 3 Subscription at 50.34 Times

Borana Weaves's initial public offering (IPO) has shown extraordinary progress through its three-day subscription period. The ₹144.89 crore IPO has witnessed overwhelming demand, with subscription rates opening strongly at 8.66 times on day one, surging to 29.67 times on day two, and reaching an exceptional 50.34 times by 11:24:33 AM on the final day, demonstrating remarkable investor enthusiasm for this manufacturer of unbleached synthetic grey fabric based in Surat, Gujarat that specialises in producing materials widely used as a base for further processing in industries such as fashion, traditional textiles, technical textiles, home decor, and interior design.

Borana Weaves IPO retail investors segment leads with an extraordinary 115.33 times subscription, while non-institutional investors show tremendous interest at 103.69 times and qualified institutional buyers demonstrate participation at 1.99 times, reflecting broad-based investor confidence in this company that operates three manufacturing units in Surat, Gujarat, equipped with textile manufacturing technologies for texturising, warping, water jet looms, and textile folding.

Subscription Status of Borana Weaves IPO:

Here are the subscription details for Borana Weaves IPO as of Day 3 ( (May 22, 2025, 11:24:33 AM):

Key Highlights : Day 3

• Overall subscription reaching an extraordinary 50.34 times, showing exceptional investor enthusiasm
• Retail investors segment showing unprecedented demand at 115.33 times, higher than day two's 78.08 times
• NII segment showing tremendous interest at 103.69 times, almost double day two's 53.20 times
• Smaller NIIs (below ₹10L) are particularly active at 112.07 times, reflecting strong individual investor enthusiasm
• QIB segment showing steady growth to 1.99 times, up from day two's 1.76 times
• Total applications reaching 10,52,414, indicating massive widespread investor participation
• The cumulative bid amount reached an impressive ₹4,011.38 crores, more than 27 times the issue size
• Final day subscription figures among the highest seen in recent IPOs
• All investor categories are showing substantial oversubscription, reflecting broad-based confidence

Borana Weaves IPO - Day 2 Subscription at 29.67 Times

Key Highlights: Day 2

• Overall subscription surging to 29.67 times, showing more than threefold growth from day one
• Retail investors showing strong enthusiasm at 78.08 times, more than triple day one's 25.55 times
• NII segment showing extraordinary demand at 53.20 times, more than four times day one's 11.64 times
• QIB segment showing improved interest at 1.76 times, up from 1.54 times on day one
• Second-day momentum indicates exceptional investor confidence across multiple categories
• Market response highlighting strong belief in the textile manufacturing sector
• Water jet loom technology expertise attracting significant investor attention
• Second day setting stage for potentially record-breaking final day subscription levels

Borana Weaves IPO - Day 1 Subscription at 8.66 Times

Key Highlights: Day 1

• Overall subscription opening is remarkably strong at 8.66 times, showing exceptional first-day interest
• Retail investors began impressively at 25.55 times, indicating strong individual investor confidence
• NII segment showing strong initial interest at 11.64 times, with smaller NIIs (below ₹10L) particularly enthusiastic at 16.24 times
• QIB segment showing good initial interest at 1.54 times on day one
• Opening day demonstrates extraordinary investor engagement across categories
• Initial momentum reflecting a highly positive assessment of the textile manufacturing sector opportunity

About Borana Weaves IPO:

Incorporated in 2020, Borana Weaves Limited is a manufacturer of unbleached synthetic grey fabric based in Surat, Gujarat. 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.

The company 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. 

Financial performance shows impressive growth with revenue increasing from ₹42.36 crores in FY2022 to ₹199.60 crores in FY2024, while profit after tax rose from ₹1.80 crores to ₹23.59 crores during the same period. For the nine months ended December 2024, the company reported revenue of ₹215.71 crores with PAT of ₹29.31 crores. The company maintains strong profitability metrics with 49.45% ROE, 27.42% ROCE, and 49.77% RONW.

Highlights of the Borana Weaves IPO:

• IPO type: Book Building IPO
• IPO size: ₹144.89 crores
• Fresh Issue: 67.08 lakh shares
• Face value: ₹10 per share
• Issue price band: ₹205 to ₹216 per share
• Lot size: 69 shares
• Minimum investment for retail investors: ₹14,904
• Minimum investment for sNII: ₹2,08,656 (14 lots)
• Minimum investment for bNII: ₹10,13,472 (68 lots)
• Anchor portion: 30,18,543 shares (₹65.20 crores raised)
• Listing at: BSE, NSE
• IPO opens: May 20, 2025
• IPO closes: May 22, 2025
• Allotment date: May 23, 2025
• Listing date: May 27, 2025