Borana Weaves IPO – Review
Borana Weaves Limited – one of India’s leading producers of high-quality microfilament woven fabrics is planning to raise INR 145 crore via IPO.
[Fresh Issue 145 crore + OFS NIL]
Borana weaves ipo price is INR 205 – 216 per share
Borana Weaves: History
The company was originally incorporated as “Borana Weaves Private Limited” as a private limited company under the Companies Act, 2013.
The company’s name was changed to Borana Weaves Limited at the EGM held on July 18, 2024 and a fresh certificate of incorporation was issued by the Registrar of Companies, Central Processing Centre on September 24, 2024.
Borana Weaves: Business
Borana Weaves is a textile manufacturer company based in Surat (Gujarat), specialized in manufacturing of unbleached synthetic grey fabric that is often used as a base for further processing (including printing and dyeing) in industries such as –
- fashion,
- home décor,
- traditional textiles,
- technical textiles,
- interior designing, etc.,
In addition to grey fabric, the company also manufactures polyester-textured yarn (PTY Yarn), which is produced by heating polyester-oriented yarn (POY Yarn), the raw material used in the production of grey fabric.
Manufacturing Units
The company has 3 manufacturing units located at the following premises:
- Unit 1: Plot No. AA/93/P, Hojiwala Industrial Estate, SUSML, Sachin, Surat,
- Unit 2: Plot No. AA/34 & B/16/16, Hojiwala Industrial Easte, SUSML, Sachin, Surat,
- Unit 3: Plot No. A 4/6, Hojiwala Industrial Estate, SUSML, Sachin, Surat,
As of December 31, 2024, Borana Weaves Ltd operates 15 texturizing machines, 700 water jet looms, 6 warping machines, and 10 folding machines across its 3 manufacturing units.
ALSO READ – 6 Mutual Fund Investment Tips to Generate Better Returns
Strategies Ahead
- Capturing market opportunities in the growing synthetic fiber industry
- Increase wallet share with existing clients and continue focus on expanding client base
- Leveraging water jet loom technology for expanding into technical textiles
Company Promoters
- Mangilal Ambalal Borana,
- Ankur Mangilal Borana,
- Rajkumar Mangilal Borana,
- Dhwani Ankur Borana,
- Borana Filaments Private Limited
IPO Details
IPO date = 20 May to 22 May 2025
Minimum Amount = INR 14,904
Minimum Bid = 69 Shares
Face Value (FV) = INR 10
Listing On = NSE, BSE
Book Running Lead Managers
Beeline Capital Advisors Private Limited
FINANCIALS
CONCLUSION
FinBlab recommends ‘SUBSCRIBE‘ ratings on Borana Weaves ipo keeping a long-term view in mind.
Disclaimer: The contents and data presented here are just for your information and personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.
