May 20, 2025
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Borana Weaves IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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- GMP
- Reviews
- Subscription
- Allotment
What is the latest news relating to Borana Weaves IPO?
On 7th March 2025, the company has received green signal to its IPO. and now the IPO will open on 20 May 2025. The anchor portion is expected on 19 May.
What is the latest GMP of Borana Weaves IPO?
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Borana Weaves IPO Subscriptions
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| Applications: / (?x) Amount wise Bids recd. Rs. ? Crore |
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What are the promoters of Borana Weaves IPO?
MANGILAL AMBALAL BORANA, ANKUR MANGILAL BORANA, RAJKUMAR MANGILAL BORANA, DHWANI ANKUR BORANA, MANGILAL AMBALAL BORANA HUF, ANKUR MANGILAL BORANA HUF, RAJKUMAR MANGILAL BORANA HUF AND BORANA FILAME NTS PRIVATE LIMITED
What are the Objects of Borana Weaves IPO?
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
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 (“Proposed Unit 4”);
2. Funding incremental working capital requirements; and
3. General Corporate Purposes
What is the business of Borana Weaves?
The Company is a Surat, Gujarat-based textile manufacturer specializing in the production of unbleached synthetic grey fabric. This versatile fabric serves as a foundational material widely used across various industries such as fashion, traditional and technical textiles, home décor, and interior design, primarily for further processing like dyeing and printing. In addition to grey fabric, it also produces polyester textured yarn (PTY Yarn), which is derived by heating polyester oriented yarn (POY Yarn)—a key raw material in its grey fabric production.
It commenced operations in 2020, with its first manufacturing facility (Unit 1) becoming operational in 2021 at Plot No. AA/93/P, Hojiwala Industrial Estate, SUSML, Surat, Gujarat. As of now, the Company operates three state-of-the-art manufacturing units in Surat, all equipped with modern textile machinery, including texturizing, warping, water jet looms, and fabric folding equipment.
Its manufacturing operations are powered by advanced, low-emission textile machinery and equipment sourced from both domestic and international suppliers in the synthetic fibre industry. As of September 30, 2024, its facilities collectively housed 15 texturizing machines, 6 warping machines, 700 water jet looms, and 10 folding machines.
Customer Base and Financial Performance
The company has steadily grown its customer base and financial performance over the years. During the fiscal years 2022, 2023, and 2024, and for the six-month period ending September 30, 2024, it served 65, 177, 170, and 146 customers, respectively. Its revenue from sales stood at Rs.4,233.40 lakhs in FY 2022, Rs.13,539.90 lakhs in FY 2023, Rs.19,905.56 lakhs in FY 2024, and Rs. 13,303.48 lakhs for the six-month period ended September 30, 2024. This represents a robust compounded annual growth rate (CAGR) of 116.84% over the last three financial years.
For more information, click https://www.boranagroup.in/
Borana Weaves IPO GMP, Particulars & Guidance
| IPO Details | |
| IPO opens on | 20 May 2025 |
| IPO closes on | 22 May 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 6708,000 Shares / Rs 144.89 Crore |
| * Fresh Issue | 6708,000 Shares / Rs 144.89 Crore |
| * Offer for Sale | – Shares / Rs – Crore |
| Face Value per share: | Rs. 10 |
| Price Band | Rs.205-216 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 69 shares |
| Listing will at | BSE, NSE |
| Shares offered in this IPO? |
Shares | Rs. in Crore |
| QIB (75 %) | 5031000 | 108.67 |
| NII (15 %) | 1006200 | 21.73 |
| RII (10 %) | 670800 | 14.49 |
| Employees | ||
| Total Shares | 6708000 | 144.89 |
| Retail portion will be oversubscribed by | Forms. | |
| How to apply in this IPO? | Amount Rs. |
|
| Min Retail Application | 69 | 14904 |
| Max Retail Application | 897 | 193752 |
| Small HNI (Min) application | 966 | 208656 |
| Small HNI (Max) application | 4623 | 998568 |
| Big HNI Application | 4692 | 1013472 |
| What is the timetable of the IPO? | |
| IPO opens on | 20 May 2025 |
| IPO Closes on | 22 May 2025 |
| IPO Allotment on | 23 May 2025 |
| Unblocking of Asba | 26 May 2025 |
| Credit of Shares | 26 May 2025 |
| Listing of Shares | 27 May 2025 |
| Registered Office of the company Plot No. AA/34, B 16/16, Hojiwala Industrial Estate, SUSML, Sachin, Surat, Gujarat, India – 394230 |
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| Lead Managers of the IPO Beeline Capital Advisors Pvt ltd |
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| Registrar to IPO | |
| Kfin Technologies ltd |
| Borana Weaves IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Crore | Rs.in Crore | Rs. | % | |
| 2022-23 | 135.53 | 16.30 | 10.88 | 67.61 |
| 2023-24 | 199.60 | 23.60 | 11.83 | 49.77 |
| 2024-25-9M | 215.71 | 29.31 | ||
| Book Value of the Share on 31.3.2025 |
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| BV of the Share after the IPO |
Rs. | – | ||
| Offer Price at Cap | Rs. | ? | ||
| Performance Indicators | |
| KPI | Values |
| ROE | 49.45% |
| ROCE | 27.42% |
| RoNW | 49.77% |
| PAT Margin | 11.85 |
| Price to Book Value | 9.09 |
| EPS | 11.83 |
| PE Ratio | 18.26 |
How Borana Weaves IPO compares with the Peers?
Peer Comparison.
Given the business model and its product portfolio, there are no direct listed companies, whose business portfolio is comparable with that of the Company business and comparable to its scale of operations.
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Borana Weaves IPO Guidance by Paresh Gordhandas, CA & Research Analyst.
Based in Surat, Gujarat, the Company is a seasoned textile manufacturer specializing in unbleached synthetic grey fabric — a highly adaptable material widely used across industries such as fashion, traditional and technical textiles, home décor, and interior design. This fabric primarily serves as a base for downstream processing like dyeing and printing. Alongside grey fabric, the Company also produces polyester textured yarn (PTY Yarn), created through the heating of polyester oriented yarn (POY Yarn), which is a key input in its fabric production process.
Financials & IPO Insight:
The Company has reported a sharp rise in net profits for the year. A thorough analysis of its balance sheet does not raise any red flags, suggesting the growth is genuine and not driven by financial manipulation. The IPO is being offered at a fair valuation, which adds to its appeal.
However, the issue size is extremely small, with just 10% reserved for retail investors. This limited availability is expected to result in significant oversubscription in both the retail and HNI segments. While this could drive up the cost of interest funding for leveraged investors, a strong listing gain is anticipated due to the demand-supply mismatch.
Verdict:
Given the clean financials, reasonable valuation, and strong demand outlook, this IPO presents a compelling opportunity — especially for those looking to capitalize on a likely listing pop. Apply.
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