Borana Weaves Limited (MAINBOARD)
May 20, 2025 – May 22, 2025
| Price | ₹205 - ₹216 |
| Premium | ₹58 |
|---|---|
| Lot size | 69 |
| Allotment | May 23, 2025 |
| Listing | May 27, 2025 |
Subscription
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 69 | 14904 | 9722 |
| sHNI | 14 | 966 | 208656 | 347 |
| bHNI | 68 | 4692 | 1013472 | 694 |
Borana Weaves IPO Details
| Issue Size | 67,08,000 shares (aggregating up to ₹144.89 Cr) |
| Fresh Issue | 67,08,000 shares (aggregating up to ₹144.89 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,99,37,295 shares |
| Share Holding Post Issue | 2,66,45,295 shares |
Borana Weaves IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Issue |
| Retail Shares Offered | Not more than 10% of the Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Issue |
Key Performance Indicator (KPI)
| KPI | Dec-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 38.16% | 49.45% | 67.61% |
| ROCE | 27.11% | 27.42% | 34.93% |
| RONW | 38.28% | 49.77% | 67.61% |
| EPS (basic) | 14.7 | 11.83 | 10.88 |
| P/E Pre IPO | 18.26 | ||
| P/E Post IPO | 14.73 |
Company Financials In Crores
| Period | Dec 2024 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|
| Assets | 149.67 | 137.05 | 74.98 | 31.90 |
| Revenue | 215.71 | 199.60 | 135.53 | 42.36 |
| Profit | 29.31 | 23.59 | 16.30 | 1.80 |
| Net Worth | 76.55 | 47.39 | 24.11 | 1.81 |
| Reserves | 56.87 | 47.66 | 24.07 | 1.80 |
| Borrowing | 54.03 | 69.10 | 38.89 | 27.31 |
Company Overview
Name: Borana Weaves Limited
Incorporation: 2020
Headquarters: Surat, Gujarat, India
Industry: Textile Manufacturing (Synthetic Fabrics & Yarn)
Core Products:
Unbleached Synthetic Grey Fabric – Used as a base for dyeing/printing in:
Fashion & traditional textiles
Technical textiles
Home decor & interior design
Polyester Textured Yarn (PTY Yarn) – Processed from Polyester Oriented Yarn (POY Yarn).
Manufacturing Capacity:
Production Units in Surat, Gujarat.
Machinery (as of Sept 30, 2024):
15 Texturizing machines
6 Warping machines
700 Water jet looms
10 Folding machines
Key Processes: Texturizing, warping, weaving (water jet looms), folding.
Business Model & Value Proposition
B2B Focus: Supplies grey fabric for downstream processing (dyeing/printing) to textile industries.
Vertical Integration: Produces both PTY Yarn (in-house raw material) and finished grey fabric.
Technology-Driven: Utilizes advanced textile manufacturing equipment for efficiency and scale.
Strength
Strategic Location: Surat is a textile hub, ensuring supply chain advantages.
Scalable Infrastructure: 700+ water jet looms enable high-volume production.
Diverse Applications: Fabric serves fashion, technical textiles, and home decor markets.
Weakness
Regulatory and Licensing Risk: Failure to obtain necessary approvals or permits for Proposed Unit 4 may disrupt operations and negatively impact financial performance.
Customer Concentration Risk: Over 98% revenue dependence on Gujarat-based customers without long-term contracts exposes the company to order cancellations and demand fluctuations.
Geographic Concentration Risk: High dependency on Gujarat for operations, offices, and suppliers makes the company vulnerable to region-specific disruptions such as natural disasters, violence, or regulatory changes.
Lead Manager(s)
Address
Plot No AA/34, B 16/16,
Hojiwala Industrial Estate, SUSML,
Sachin,
Phone: +91-9898426338
Email: info@boranagroup.in
Website: https://www.boranagroup.in/