Borana Weaves ipo Ltd is a leading Indian textile manufacturing company based in Surat, Gujarat. The company primarily specializes in the production of high-quality synthetic grey fabric and polyester textured yarn (PTY). Its products are widely used across various industries, including fashion, home décor, technical textiles, and traditional textile sectors.
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Borana Weaves IPO Key Information
- Issue Type: Fully Fresh Issue (67.08 lakh equity shares)
- Price Band: ₹205 to ₹216 per share
- Lot Size: 69 shares (minimum investment ₹14,904)
- Issue Size: ₹144.89 crore
- Opening and Closing Dates: May 20 to May 22, 2025
- Listing Date: May 27, 2025 (on BSE and NSE)
- Face Value: ₹10 per share
- Reservation: QIB – 75%, NII – 15%, Retail – 10%
- Lead Manager: Beeline Capital Advisors
- Registrar: KFin Technologies
Borana Weaves IPO: Important Dates
- Anchor Investor Allocation: May 19, 2025 (₹65.2 crore raised)
- Final Date of Allotment: May 23, 2025
- Refunds Begin: May 26, 2025
- Share Credit to Demat Accounts: May 26, 2025
- Listing Date: May 27, 2025
Borana Weaves IPO: Grey Market Premium (GMP)
Before the IPO launch, Borana Weaves shares were trading in the grey market at a premium of ₹55, indicating a potential listing gain of approximately 25.46% compared to the issue price.
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Borana Weaves IPO: Subscription Status (As of May 20, 2025, 11:15 AM)
- Overall Subscription: 2.00 times
- Retail Individual Investors (RII): 7.80 times
- Non-Institutional Investors (NII): 2.12 times
- Qualified Institutional Buyers (QIB): Yet to be booked
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Borana Weaves IPO: Use of Funds Raised from Borana Weaves IPO
1. Establishment of New Production Unit (₹71.34 crore — approximately 49.23%)
The company plans to set up its fourth production unit in Surat, Gujarat, which will increase the production capacity of grey fabric. This expansion will help the company meet growing demand and strengthen its position in the competitive market.
2. Working Capital Requirements (₹26.50 crore — approximately 18.28%)
With expanding operations and production, the company will require additional working capital. This amount will be used to purchase raw materials, pay wages to workers, and cover other day-to-day operational expenses.
3. General Corporate Purposes
The remaining funds will be used for general corporate purposes, including administrative expenses, marketing activities, and support for other strategic initiatives.
About Borana Weaves Ltd
Borana Weaves Ltd is a prominent Indian textile manufacturing company based in Surat, Gujarat. The company specializes in producing high-quality synthetic grey fabric and polyester textured yarn (PTY). Its products serve a diverse range of industries including fashion, home décor, technical textiles, and traditional textile sectors. With a strong focus on quality and innovation, Borana Weaves has established itself as a key player in the synthetic textile market in India.
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