Borana Weaves IPO
IPO Price Range: ₹205 - 216
Borana Weaves has three manufacturing units, all of which are based in Surat with a total of 15 texturizing machines, 6 warping machines, 700 water jet looms, and 10 folding machines, as of December 2024. The company was converted into a public entity in July 2024 and changed its name to Borana Weaves Limited.
Borana Weaves IPO size is worth ₹144.89 crore, which only includes a fresh issue and doesn’t have any offer for sale (OFS). The company is issuing up to 67,08,000 equity shares of a face value of ₹10 per share to raise the capital. Its IPO is opening on May 20, 2025, and will close on May 22, 2025.
Min Investment
₹14,904
IPO Status
Upcoming
Quantity in 1 Lot
69
Max Bid allowed
13
Listing Exchange
NSE
IPO Application Timeline of Borana Weaves
Key Statistics
 Bid Opening Date | 20 May 2025 |
| Bid Closing Date | 22 May 2025 |
| Allotment Date | 23 May 2025 |
 Quantity in 1 lot | 69 |
 Min Investment | ₹14,904 |
Borana Weaves Brands, Products & Services
| Product | Textile |
| Known For | Textile Manufacturing |
| Top Products | Unbleached synthetic grey fabric, PTY Yarn |
Borana Weaves Key Financials
Objectives of Borana Weaves IPO
Shareholding Pattern
| Promoters | 100% | |
| Name | Role | Stakeholding |
| Mangilal Ambalal Borana | Promoter | 18.8% |
| Rajkumar Mangilal Borana | Promoter | 18.48% |
| Dhwani Ankur Borana | Promoter | 12.56% |
| Rajkumar Mangilal Borana HUF | Promoter | 11.45% |
| Mangilal Ambalal Borana HUF | Promoter | 11.18% |
| Borana Filaments Private Limited | Promoter | 7.26% |
| Ankur Mangilal Borana | Promoter | 6.23% |
| Others | 14.04% |
Strengths and Risks of Borana Weaves IPO
Strengths
The company has significantly invested in textile manufacturing technologies, including 700 high-tech water jet looms, which help in better precision in the weaving process.
Borana Weaves has managed to grow its revenue significantly over the past years. In FY23, the revenue jumped 220% while in FY24, it recorded a growth of 47% YoY.
The PAT margins of the company grew at a strong rate from 4.25% in FY22 to 11.85% in FY24. For the first nine months of F25, the PAT margins are 13.85%.
Mangilal Ambalal Borana, the Chairman and Managing Director, has over 24 years of experience in the textiles industry, while Executive Directors Ankur Mangilal Borana and Rajkumar Mangilal Borana each have over a decade of experience.
Risks
As of December 2024, more than 98% of the company's revenue comes from customers based in Gujarat only, and it doesn’t have any long-term agreements with them. Its top 10 customers/clients account for 44.70% of revenue as of December 2024.
Borana Weaves procures 90% of its raw material from its 18 suppliers located in Gujrat, while only 2 suppliers (accounting for the remaining 10% of raw materials) are based outside Gujrat. This can expose it to regulatory and other geography-specific risks.
Borana Weaves procures its raw material, POY Yarn, from a member of the Promoter Group (M/s. RB Industries and R & B Denims Limited). Any termination of the agreement could negatively impact its business significantly.
Promoters Holding
| Investors | Holdings % |
| Mangilal Ambalal Borana | 0% |
| Ankur Mangilal Borana | 0% |
| Rajkumar Mangailal Borana | 0% |
| Dhwani Ankur Borana | 0% |
| Mangilal Ambalal Borana HUF | 0% |
Frequently Asked Questions of Borana Weaves IPO
What is 'pre-apply' for Borana Weaves IPO?
'Pre-apply' for Borana Weaves IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.
When will my Borana Weaves IPO order be placed?
Your Borana Weaves IPO order will be placed on 20 May 2025.
What are the open and close dates of the Borana Weaves IPO?
The open and close dates of the Borana Weaves IPO are 20 May 2025 to 22 May 2025.
What is the lot size and minimum order quantity of the Borana Weaves IPO?
The lot size and minimum order quantity of the Borana Weaves IPO are 69 and 69 respectively.
What would be the listing gains on the Borana Weaves IPO?
The potential listing gains on the Borana Weaves IPO will depend on various market factors and cannot be predicted with certainty.
When is Borana Weaves' IPO coming?
Borana Weaves has filed the RHP, and the IPO is opening for subscription on May 20, 2025.
What are the open and close dates of the Borana Weaves IPO?
The Borana Weaves IPO open date is May 20, 2025, and will close on May 22, 2025.
What is the allotment date of Borana Weaves IPO?
Borana Weaves IPO allotment date is May 23, 2025 (tentative).
Can we invest in Borana Weaves IPO?
Yes, once Borana Weaves’ IPO opens, you can invest in the shares of the company.
What is the lot size of Borana Weaves IPO?
Borana Weaves IPO lot size is 69 shares.
What is the issue size of Borana Weaves IPO?
Borana Weaves IPO issue size is ₹144.89 crore, which only includes a fresh issue.
Is Borana Weaves profitable?
Borana Weaves reported a profit of Rs 23.6 crore in FY24 with a net margin of 11.85%.
Who is the Founder of Borana Weaves?
Ankur Mangilal Borana is the CEO of Borana Weaves.