About Borana Weaves:
The company is a textile manufacturer based in Surat, specializing in the production of unbleached synthetic grey fabric. This fabric serves as a foundational material for further processing, such as dyeing and printing, across various industries, including fashion, traditional textiles, technical textiles, home décor, and interior design. Its versatility enables it to complement a wide range of unbleached fabrics across different styles, making it a valuable resource within the textile supply chain.
About the Industry in which Borana Weaves operates:
India’s textile industry, a major global player, exported over USD 44 billion in FY 2022, contributing 15% to national export earnings and 4.6% to global trade. Key exports include garments, cotton, and man-made fibers, with major markets in the US, EU, UK, Bangladesh, and UAE. Growth is driven by global demand, government support, and product diversity.
| Important Information and Timelines of the IPO of Borana Weaves: | |
|---|---|
| Open Date | 20 May 2025 |
| Close Date | 22 May 2025 |
| Total Issue Size – Number of Shares | 6708000 |
| Minimum Bid Price | 205 |
| Maximum Bid Price | 216 |
| Lot Size | 69 |
| Basis of Allotment | 23 May 2025 |
| Initiation of Refunds and Credit of Shares to Demat | 26 May 2025 |
| Listing Date | 27 May 2025 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Borana Weaves:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 69 | 14904 |
| Retail – Maximum | 13 | 897 | 193752 |
| sHNI – Minimum | 14 | 966 | 208656 |
| sHNI – Maximum | 67 | 4623 | 998568 |
| bHNI – Minimum | 68 | 4692 | 1013472 |
Objective of the IPO of Borana Weaves:
The proposal involves financing a new grey fabric manufacturing unit in Surat, Gujarat, meeting increased working capital needs, and covering general corporate purposes.
Financials of Borana Weaves:
| Particulars | Dec 31, 2024 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 |
|---|---|---|---|---|
| Equity Share Capital (₹ Cr) | 1,993.73 | 3.98 | 3.98 | 1.00 |
| Revenue from Operations (₹ Cr) | 21,161.52 | 19,905.56 | 13,539.90 | 4,233.40 |
| Total Borrowings (₹ Cr) | 5,403.35 | 6,909.77 | 3,889.32 | 2,731.23 |
| Net Worth (₹ Cr) | 7,655.11 | 4,739.02 | 2,411.02 | 180.86 |
| Earnings per Share (Basic) (₹) | 14.70* | 11.83 | 10.88 | 3.59 |
| Earnings per Share (Diluted) (₹) | 14.70* | 11.83 | 10.88 | 3.59 |
| Net Asset Value per Share (₹) | 38.40 | 23.77 | 16.09 | 3.61 |
| Profit After Tax (₹ Cr) | 2,930.63 | 2,358.64 | 1,630.09 | 179.86 |
| PAT Margin (%) | 13.85% | 11.85% | 12.04% | 4.25% |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Borana Weaves. You will receive a UPI mandate after 10:00 AM on 20 May 2025.
###1. How to apply for the IPO of Borana Weaves on Dhan?
You can apply for the IPO of Borana Weaves from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Borana Weaves be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 26 May 2025. However, you will be able to see the shares of Borana Weaves on Dhan before the market starts on the listing date which is 27 May 2025.