[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.

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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

1. Mangilal Ambalal Borana,
2. Ankur Mangilal Borana,
3. Rajkumar Mangilal Borana,
4. Dhwani Ankur Borana,
5. 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.

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