BORANA WEAVES LIMITED
Price Band
₹ 205 - ₹ 216
Bid Lot
69 Shares
BORANA WEAVES LIMITED
20-May-2025 - 22-May-2025
Price Band
₹ 205 - ₹ 216
Minimum Investment
₹ 14904.00
Bid Lot
69 Shares
Shares
6,708,000
-
Face Value - Rs. 10/- Per Share
- Lisitng at NSE, BSE
-
9,721 Application Required in Retail for 1 Time.
-
Registrar :
KFin Technologies Limited
IPO Details
QIB
50%
(3,018,543 Shares)RS.65.20 CR
HNI 1
5%
(335,400 Shares)RS.7.24 CR @ 347 FORM 1X
HNI 2
10%
(670,800 Shares)RS.14.48 CR @ 694 FORM 1X
Retail
35%
(670,800 Shares)RS.14.48 CR @ 9722 FORM 1X
Timeline
-
20
May-2025
Open Date
-
22
May-2025
Close Date
-
23
May-2025
Basis of Allotment Date
-
26
May-2025
Initiation of Refunds
-
26
May-2025
Credit of Shares to Demat A/C
-
27
May-2025
IPO Listing Date
Subscription as on 22-May-2025 11:03
Category
Book Size
Subscription
QIB
1.94x
2,012,400
(₹43.47 Cr.)
3,902,157
(₹84.29 Cr.)
HNI (<10 LAKH)
105.59x
335,400
(₹7.24 Cr.)
35,413,215
(₹764.93 Cr.)
HNI2 (>10 LAKH)
93.58x
670,800
(₹14.49 Cr.)
62,775,027
(₹1355.94 Cr.)
RETAIL
109.22x
670,800
(₹14.49 Cr.)
73,267,581
(₹1582.58 Cr.)
Total
47.53x
3,689,400
175,357,980
Category
Book Size
Subscription
QIB
1.94x
2,012,400
(₹43.47 Cr.)
3,902,157
(₹84.29 Cr.)
HNI (<10 LAKH)
105.59x
335,400
(₹7.24 Cr.)
35,413,215
(₹764.93 Cr.)
HNI2 (>10 LAKH)
93.58x
670,800
(₹14.49 Cr.)
62,775,027
(₹1355.94 Cr.)
RETAIL
109.22x
670,800
(₹14.49 Cr.)
73,267,581
(₹1582.58 Cr.)
Total
47.53x
3,689,400
175,357,980
*Excluding Anchor
Total No. of Application Approx : ~959403 (98.69 Appwise)
HNI Cost
About Company
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”), our raw material used in the production of grey fabric.
Borana Weaves Limited company operates three manufacturing units in Surat, Gujarat, equipped with textile manufacturing technologies for, inter alia, 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.
Strengths
Company Promoters
Company Financials
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 149.67 | 137.05 | 74.98 | 31.90 |
| Revenue | 215.71 | 199.60 | 135.53 | 42.36 |
| Profit After Tax | 29.31 | 23.59 | 16.30 | 1.80 |
| Net Worth | 76.55 | 47.39 | 24.11 | 1.81 |
| Reserves and Surplus | 56.87 | 47.66 | 24.07 | 1.80 |
| Total Borrowing | 54.03 | 69.10 | 38.89 | 27.31 |
| Amount in ? Crore | ||||
Objects of the Issue
The Company Borana Weaves IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Proposing to finance the cost of establishing a new manufacturing Unit to expand its production capabilities to produce grey fabric at Surat, Gujarat, India | 713.48 |
| 2 | Funding incremental working capital requirements | 265.00 |
| 3 | General Corporate Purposes |
How to Apply
Apply for IPO in few simple steps.
-
Step 1
Once you create your account, Login to Easy Investing.
-
Step 2
Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.
-
Step 3
Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).
-
Step 4
Enter your UPI ID and you will receive mandate on your UPI App.
-
Step 5
Once you accept the mandate, Application is submitted successful.
The Bidding Process
- Applying for an IPO is easier than ever with Easy Investing, in just a few clicks your application is processed. You can bid for any IPO through Easy Investing, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
- If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
- The maximum subscription amount for retail investors is 2 lakh.
- Any bid can be at a desired price or cut off price given by the company.
How to bid on App?
- Enter the number of shares you wish to buy, as per the lot size.
- You can apply at the cut off price set by the company or bid for a desired amount within the price band.
- Maximum three bids will be accepted.
- You then need to enter the UPI ID on Easy Investing’s IPO application form.
Investing using UPI
- You will immediately get a fund blocked request on your UPI for the submitted IPO application.
- The funds will be blocked in your bank account until allotment when it is debited.
- The limit for IPO application is Rs 2 lakh per transaction on UPI.
- On allotment of the shares, the money will be automatically debited.
- If the share aren’t allotted the blocked funds will reflect back into your account.
FAQs
Frequently Ask Question