{"id":7251,"date":"2025-05-20T16:49:14","date_gmt":"2025-05-20T11:19:14","guid":{"rendered":"https:\/\/www.torusdigital.com\/toruscope\/?p=7251"},"modified":"2025-11-10T13:46:09","modified_gmt":"2025-11-10T08:16:09","slug":"borana-weaves-ipo-opens","status":"publish","type":"post","link":"https:\/\/www.torusdigital.com\/toruscope\/news\/borana-weaves-ipo-opens\/","title":{"rendered":"Borana Weaves IPO Opens: Key Details Investors Shouldn\u2019t Miss"},"content":{"rendered":"

[vc_section el_id=”blog-inner-layout”][vc_row overlay_dotted=””][vc_column el_class=”blog_primary”][vc_row_inner][vc_column_inner][vc_column_text css=””]Borana Weaves is a rising name in the textile industry, known for developing grey fabric. The company was founded in 2020 and is based in Surat, Gujarat. In FY22, it generated revenue of \u20b942 crores, and within two years, its revenue increased fivefold to \u20b9199 crores in FY24.\u00a0 Moreover, the profits increased 13x from \u20b91.8 crore to crores to \u20b923 crores.\u00a0<\/span><\/p>\n

Now, the company, with a return on equity<\/a> (ROE) of nearly 49%, has rolled out its \u20b9145 crore IPO with a fresh issue of 67.08 lakh equity shares to raise funds for building its fourth unit.\u00a0<\/span><\/p>\n

The Borana Weaves IPO is live from May 20 to May 22, 2025, and the allotment process is expected to be finalised by May 23, 2025.\u00a0<\/span><\/p>\n

<\/span>Borana Weaves IPO Details<\/span><\/span><\/h2>\n

The bidding for <\/span>Borana Weaves IPO<\/span><\/a> will close on May 22, 2025. Investors can place bids starting from a lot size of 69 shares and multiples thereafter at the price band of \u20b9205 to \u20b9216 per share, each having a face value of \u20b910.<\/span><\/p>\n

Moreover, the company recently confirmed the allotment of 30,18,543 equity shares to 11 anchor investors (Pink Oal Global Fund, Innovative Vision Fund, Aarth EIF Growth Fund, Saint Capital Fund, Nexus Equity Growth Fund, and Sunrise Investment Trust) at \u20b9216 per share.<\/span><\/p>\n

<\/span>Important IPO Timeline<\/span><\/span><\/h3>\n

Here is the list of important dates:<\/span><\/p>\n\n\n\n\n\n\n\n\n\n
IPO Open Date\u00a0<\/span><\/td>\nMay 20, 2025<\/span><\/td>\n<\/tr>\n
IPO Close Date<\/span><\/td>\nMay 22, 2025<\/span><\/td>\n<\/tr>\n
Allotment Date (Tentative)<\/span><\/td>\nMay 23, 2025<\/span><\/td>\n<\/tr>\n
Initiation of Refunds<\/span><\/td>\nMay 26, 2025<\/span><\/td>\n<\/tr>\n
Credit of Shares to Demat<\/span><\/td>\nMay 26, 2025<\/span><\/td>\n<\/tr>\n
Listing Date (Tentative)<\/span><\/td>\nMay 27, 2025<\/span><\/td>\n<\/tr>\n
Cut-off time for UPI mandate confirmation<\/span><\/td>\n5 PM on May 22, 2025<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span>Key IPO Details<\/span><\/span><\/h3>\n

Here is the table of key initial public offering details:<\/span><\/p>\n\n\n\n\n\n\n\n\n\n\n\n
Face Value\u00a0<\/span><\/td>\n\u20b910 per share<\/span><\/td>\n<\/tr>\n
Issue Price Brand<\/span><\/td>\n\u20b9205 to \u20b9216 per share<\/span><\/td>\n<\/tr>\n
Lot Size<\/span><\/td>\n69 Shares<\/span><\/td>\n<\/tr>\n
Total Issue Size<\/span><\/td>\n67,08,000 shares<\/span><\/p>\n

(aggregating up to \u20b9144.89 Cr)<\/span><\/td>\n<\/tr>\n

Fresh Issue<\/span><\/td>\n67,08,000 shares<\/span><\/p>\n

(aggregating up to \u20b9144.89 Cr)<\/span><\/td>\n<\/tr>\n

Issue Type<\/span><\/td>\nBookbuilding IPO<\/span><\/td>\n<\/tr>\n
Listing at<\/span><\/td>\nBSE, NSE<\/span><\/td>\n<\/tr>\n
Share Holding Pre-issue<\/span><\/td>\n1,99,37,295 shares<\/span><\/td>\n<\/tr>\n
Share Holding Post Issue\u00a0<\/span><\/td>\n2,66,45,295 shares<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span>Lot Size Of Borana Weaves IPO<\/span><\/span><\/h3>\n

Here is the table of lot sizes for each category of investors:<\/span><\/p>\n\n\n\n\n\n\n\n\n
Application<\/b><\/td>\nLots<\/b><\/td>\nShares\u00a0<\/b><\/td>\nAmount<\/b><\/td>\n<\/tr>\n
Retail (Min)<\/span><\/td>\n1<\/span><\/td>\n69<\/span><\/td>\n\u20b914,904<\/span><\/td>\n<\/tr>\n
Retail (Max)<\/span><\/td>\n13<\/span><\/td>\n897<\/span><\/td>\n\u20b91,93,752<\/span><\/td>\n<\/tr>\n
S-HNI (Min)<\/span><\/td>\n14<\/span><\/td>\n966<\/span><\/td>\n\u20b92,08,656<\/span><\/td>\n<\/tr>\n
S-HNI (Max)<\/span><\/td>\n67<\/span><\/td>\n4623<\/span><\/td>\n\u20b99,98,568<\/span><\/td>\n<\/tr>\n
B-HNI (Min)<\/span><\/td>\n68<\/span><\/td>\n4692<\/span><\/td>\n\u20b910,13,472<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span>Borana Weaves IPO Subscription Details<\/span><\/span><\/h2>\n

The Borana Weaves IPO has already been oversubscribed in the various quotas:<\/span><\/p>\n\n\n\n\n\n\n\n\n\n\n
Investor Category<\/b><\/td>\nSubscription (times)<\/b><\/td>\nShares Offered<\/b><\/td>\nShares bid for<\/b><\/td>\nTotal Amount (<\/b>\u20b9 Cr.)<\/b><\/td>\n<\/tr>\n
Anchor Investors<\/span><\/td>\n1<\/span><\/td>\n30,18,543<\/span><\/td>\n30,18,543<\/span><\/td>\n65.201<\/span><\/td>\n<\/tr>\n
Qualified Institutions<\/span><\/td>\n1.54<\/span><\/td>\n20,12,457<\/span><\/td>\n30,95,754<\/span><\/td>\n66.868<\/span><\/td>\n<\/tr>\n
Non-Institutional Buyers<\/span><\/td>\n9.48<\/span><\/td>\n10,06,200<\/span><\/td>\n95,37,939<\/span><\/td>\n206.019<\/span><\/td>\n<\/tr>\n
bNII (bids above \u20b910L)<\/span><\/td>\n7.35<\/span><\/td>\n6,70,800<\/span><\/td>\n49,30,326<\/span><\/td>\n106.495<\/span><\/td>\n<\/tr>\n
sNII (bids below \u20b910L)<\/span><\/td>\n13.74<\/span><\/td>\n3,35,400<\/span><\/td>\n46,07,613<\/span><\/td>\n99.524<\/span><\/td>\n<\/tr>\n
Retail Investors<\/span><\/td>\n22.66<\/span><\/td>\n6,70,800<\/span><\/td>\n1,51,99,665<\/span><\/td>\n328.313<\/span><\/td>\n<\/tr>\n
Total<\/span><\/td>\n7.54<\/span><\/td>\n36,89,457<\/span><\/td>\n2,78,33,358<\/span><\/td>\n601.201<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span>Top Upcoming IPOs to Watch (23rd\u201327th June 2025)<\/strong>
\n<\/span><\/span><\/h2>\n
    \n
  1. Kalpataru Ltd IPO<\/a><\/li>\n
  2. HDB Financial Services Ltd IPO<\/a><\/li>\n
  3. Globe Civil Projects Ltd IPO<\/a><\/li>\n
  4. Ellenbarrie Industrial Gases Ltd IPO<\/a><\/li>\n
  5. Suntech Infra Solutions Ltd IPO<\/a><\/li>\n<\/ol>\n

    <\/span>Borana Weaves IPO Review<\/span><\/span><\/h2>\n

    As mentioned earlier, the company has shown remarkable growth in the last two years. As of FY2024, it had robust earnings before interest, tax, depreciation, and amortisation (EBITDA) of 20% and a net profit margin of 12%.\u00a0<\/span><\/p>\n

    However, Borana operates in the highly commoditised grey fabric market, where products are undifferentiated and price-sensitive. A small \u20b92 price cut from a competitor can lead to immediate customer churn. To stay competitive, Borana relies on operational efficiency and cost control.<\/span><\/p>\n

    Additionally, with 98% of revenue and 90% of suppliers concentrated in Gujarat, Borana faces regional risk without long-term contracts, making it vulnerable to demand shifts or policy changes.<\/span><\/p>\n

    <\/span>Key Company Financials<\/span><\/span><\/h3>\n\n\n\n\n\n\n\n\n\n
    Period Ended<\/b><\/td>\n31 Dec 2024<\/b><\/p>\n

    (Crores)<\/b><\/td>\n

    		31 Mar 2024<\/b><\/p>\n

    (Crores)<\/b><\/td>\n

    		31 Mar 2023<\/b><\/p>\n

    (Crores)<\/b><\/td>\n

    		31 Mar 2022<\/b><\/p>\n

    (Crores)<\/b><\/td>\n<\/tr>\n

    Assets<\/span><\/td>\n149.67<\/span><\/td>\n137.05<\/span><\/td>\n74.98<\/span><\/td>\n31.9<\/span><\/td>\n<\/tr>\n
    Revenue<\/span><\/td>\n215.71<\/span><\/td>\n199.6<\/span><\/td>\n135.53<\/span><\/td>\n42.36<\/span><\/td>\n<\/tr>\n
    Profit After Tax<\/span><\/td>\n29.31<\/span><\/td>\n23.59<\/span><\/td>\n16.3<\/span><\/td>\n1.8<\/span><\/td>\n<\/tr>\n
    Net Worth<\/span><\/td>\n76.55<\/span><\/td>\n47.39<\/span><\/td>\n24.11<\/span><\/td>\n1.81<\/span><\/td>\n<\/tr>\n
    Reserves and Surplus<\/span><\/td>\n56.87<\/span><\/td>\n47.66<\/span><\/td>\n24.07<\/span><\/td>\n1.8<\/span><\/td>\n<\/tr>\n
    Total Borrowing<\/span><\/td>\n54.03<\/span><\/td>\n69.1<\/span><\/td>\n38.89<\/span><\/td>\n27.31<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    Investing in the <\/span>stock market<\/span><\/a> is subject to market risk; investors are advised to conduct thorough research before making any investment decision.\u00a0<\/span><\/p>\n

    Sign up with <\/span>Torus Digital<\/span><\/a> to be among the first to <\/span>invest in upcoming IPOs<\/span><\/a>, all in just a few clicks.<\/span>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_id=”share_rating”][vc_column_inner width=”1\/2″][vc_column_text css=””]<\/p>\n

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