Borana Weaves Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 5,031,000 (75%) | — | ₹10,867 Cr |
| NII (HNI) | — | 1,006,200 (15%) | — | ₹2,173 Cr |
| Retail | — | 670,800 (10%) | — | ₹1,449 Cr |
| Σ Total | — | 6,708,000 (100%) | — | ₹144,893 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 69 | ₹14,904 |
| Retail (Max) | 13 | 897 | ₹193,752 |
| S-HNI (Min) | 14 | 966 | ₹208,656 |
| B-HNI (Min) | 67 | 4,623 | ₹998,568 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 216 | 200 | 136 |
| EBITDA | 46 | 41 | 26 |
| Profit After Tax | 29 | 24 | 16 |
| Net Worth | 77 | 47 | 24 |
| Total Assets | 150 | 137 | 75 |
| Reserves & Surplus | 57 | 48 | 24 |
| Total Borrowing | 54 | 69 | 39 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Proposing to finance the cost of establishing a new manufacturing Unit to expand its production capabilities to produce grey fabric at Surat, Gujarat, India – 71.35
- Funding incremental working capital requirements – 26.50
- General Corporate Purposes – 32.88
Company Overview
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.