Borana Weaves Limited, established in 2020 and headquartered in Surat, Gujarat, is a leading manufacturer of unbleached synthetic grey fabric. This versatile fabric serves as a foundational material for various downstream processes like dyeing and printing, catering to diverse industries including fashion, traditional and technical textiles, home furnishings, and interior design. Additionally, the company produces polyester textured yarn (PTY Yarn) by processing polyester oriented yarn (POY Yarn), which acts as a key raw material for its grey fabric production.
Operating from three state-of-the-art manufacturing facilities in Surat, Borana Weaves is equipped with advanced textile machinery, including 15 texturizing machines, 6 warping machines, 700 water jet looms, and 10 folding machines, as of September 30, 2024.
The company’s upcoming IPO is set to open on May 20, 2025, and close on May 22, 2025, with a price band of ₹205 to ₹216 per share. The issue comprises a 10% quota for retail investors, 75% for QIBs, and 15% for HNIs, and is scheduled to list on BSE and NSE on May 27, 2025.
The allotment date is fixed for May 23, 2025. Financially, Borana Weaves has shown robust growth, with revenue rising from ₹135.53 crores in 2023 to ₹199.60 crores in 2024, while profits increased from ₹16.30 crores to ₹23.59 crores during the same period, underscoring its strong market position and operational efficiency.
Borana Weaves IPO Details
| IPO Date | May 20, 2025 to May 22, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹205 to ₹216 per share |
| Lot Size | 69 Shares |
| Total Issue Size | Approx ₹144.89 Crores |
| Fresh Issue | Approx ₹144.89 Crores |
| Issue Type | Book building 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 Dates
The initial public offering (IPO) of Borana Weaves will commence on May 20, 2025, and conclude on May 22, 2025.
| IPO Open Date | Tue, May 20, 2025 |
| IPO Close Date | Thu, May 22, 2025 |
| Tentative Allotment | Fri, May 23, 2025 |
| Refunds | Mon, May 26, 2025 |
| Credit of Shares to Demat | Mon, May 26, 2025 |
| IPO Listing Date | Tue, May 27, 2025 |
| UPI Mandate Confirmation Deadline | 5 PM on May 22, 2025 |
Borana Weaves IPO Market Lot
The minimum investment for Borana Weaves IPO is one lot of 69 shares at ₹14,904. Retail investors can subscribe up to 13 lots (897 shares), amounting to ₹1,93,752.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 69 | ₹14,904 |
| Retail Maximum | 13 | 897 | ₹1,93,752 |
| S-HNI Minimum | 14 | 966 | ₹2,08,656 |
| B-HNI Minimum | 68 | 4,692 | ₹10,13,472 |
