Borana Weaves IPO
IPO Details
Borana Weaves IPO is a bookbuilding of ₹144.89 Crore. The issue is entirely a fresh issue of ₹144.89 Crore and an offer for sale of Nil.
Borana Weaves IPO opens for subscription on 2025-05-20 and closes on 2025-05-22. The allotment is expected to be finalized on 2025-05-24. The IPO will be listed on BSE, NSE with tentative listing date as 2025-05-27.
Price band is set at ₹205 to ₹216 per share. The minimum lot size for application is 69 shares (₹14145). It is suggested to bid at the cutoff price to avoid oversubscription, which is about ₹14904.
IPO Timeline
Company Overview
Borana Weaves IPO Details
Borana Weaves Limited is one of India’s leading textile manufacturers specializing in premium fabrics and home textiles. The company has established a strong presence in both domestic and international markets over the past two decades.
Company Overview
Founded in 2005, Borana Weaves has grown from a small textile unit to a major player in the industry. The company operates state-of-the-art manufacturing facilities in Gujarat and Maharashtra with a combined production capacity of over 50 million meters per annum.
Business Segments
- Premium Fabrics: Manufactures high-quality fabrics for apparel and fashion industry
- Home Textiles: Produces bed linens, curtains, and upholstery fabrics
- Technical Textiles: Specializes in industrial and functional textiles
Financial Performance
| Particulars | FY 2023 | FY 2024 | FY 2025 (9 months) |
|---|---|---|---|
| Revenue | ₹850 Cr | ₹1,050 Cr | ₹980 Cr |
| EBITDA | ₹102 Cr | ₹147 Cr | ₹156 Cr |
| PAT | ₹68 Cr | ₹92 Cr | ₹105 Cr |
| EBITDA Margin | 12.0% | 14.0% | 15.9% |
| PAT Margin | 8.0% | 8.8% | 10.7% |
IPO Details
- Issue Size: ₹144.89 Crore
- Fresh Issue: ₹144.89 Crore
- Offer for Sale: Nil
- Price Band: ₹205-216 per share
- Lot Size: 69 shares
- Minimum Investment: ₹14,145 (at upper price band)
- Listing On: NSE and BSE
IPO Objectives
- Expansion of manufacturing facilities in Gujarat
- Setting up a new technical textiles unit
- Debt repayment
- General corporate purposes
Subscription Details
| Category | Allocation | Subscription |
|---|---|---|
| QIB | 50% | 1.54x |
| NII | 15% | 11.64x |
| Retail | 35% | 25.55x |
| Total | 100% | 8.66x |
Key Strengths
- Strong brand presence in premium textile segment
- Diversified product portfolio
- Export presence in over 30 countries
- Consistent financial performance
- Experienced management team
Risk Factors
- Fluctuations in raw material prices
- Intense competition in textile industry
- Regulatory changes affecting exports
- Foreign exchange fluctuations
- Dependence on key customers
Lead Managers
- Axis Capital Limited
- ICICI Securities Limited
- Kotak Mahindra Capital Company Limited
Registrar
- Link Intime India Private Limited
GMP Trends
The Grey Market Premium (GMP) for Borana Weaves IPO is currently ₹55, indicating a premium of approximately 25.46% over the upper price band.
Expert Opinion
Industry analysts are positive about the company’s growth prospects given its strong financial performance, diversified product portfolio, and expansion plans. The IPO is expected to receive good response from investors looking for exposure to the textile sector.
Business Segments
Information about business segments will be available soon.
Financial Performance
| Particulars | FY 2023 | FY 2024 | FY 2025 (9m) |
|---|---|---|---|
| ebitda | ₹102 Cr | ₹147 Cr | ₹156 Cr |
| ebitda margin | 12% | 14% | 15.9% |
| pat | ₹68 Cr | ₹92 Cr | ₹105 Cr |
| pat margin | 8% | 8.8% | 10.7% |
| revenue | ₹850 Cr | ₹1050 Cr | ₹980 Cr |
* Percentage values represent margins
Additional Information
The proceeds from the IPO will be used for:
- Expansion of manufacturing facilities
- Debt repayment
- General corporate purposes
Information about key strengths will be available soon.
Information about risk factors will be available soon.
| Category | Allocation | Subscription |
|---|---|---|
| QIB | 50% | 1.54x |
| NII | 15% | 11.64x |
| Retail | 35% | 25.55x |
| Total | 100% | 8.66x |
Industry analysts are positive about the company's growth prospects given its strong financial performance, diversified product portfolio, and expansion plans. The IPO is expected to receive good response from investors looking for exposure to the sector.
Grey Market Premium
*Expected Premium is derived from market rumors. It is not a guaranteed indicator of the actual listing price.
IPO Quick Info
Market Lot
IPO Details
Lead Managers
- Axis Capital Limited
- ICICI Securities Limited
- Kotak Mahindra Capital Company Limited
Registrar
Link Intime India Private Limited
