by Ankita Lodh on 19 May 2025, 3 minutes min read
Borana Weaves Limited, a promising newcomer in India’s vibrant textile sector, is set to make its market debut through an Initial Public Offering (IPO). The upcoming IPO is scheduled for May 20-22, 2025. The company’s strategic location in India’s textile hub, Surat, has enabled it to build a robust manufacturing infrastructure.
The company’s strategic decision to invest the majority of its IPO proceeds in expanding production capabilities through a new manufacturing unit indicates a clear focus on scaling operations to meet growing demand.
With that being said, let’s look at the Borana Weaves IPO details.
Borana Weaves Limited is a Gujarat-based textile manufacturing company that was founded in 2020. The company’s unbleached synthetic grey fabric is frequently used as a foundation for additional processing (such as dyeing and printing) in a variety of sectors, including interior design, fashion, traditional textiles, technical textiles, and home décor.
Borana Weaves IPO
Additionally, the business produces polyester textured yarn, which is made by heating polyester orientated yarn, which is a raw material for making grey fabric.
Borana Weaves Limited runs three production facilities in Surat, Gujarat, outfitted with water jet looms, warping, texturising, and folding technologies, among other textile manufacturing technologies.
Also read: What is IPO in Stock Market: Your Guide to Participating in Initial Public Offerings in India
| IPO Date | May 20, 2025 to May 22, 2025 |
| Tentative Listing Date | Tue, May 27, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹205 to ₹216 per share |
| Lot Size | 69 Shares |
| Total Issue Size | 67,08,000 shares(aggregating up to ₹144.89 Cr) |
| Fresh Issue | 67,08,000 shares(aggregating up to ₹144.89 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,99,37,295 shares |
| Share Holding Post Issue | 2,66,45,295 shares |
For more information, read the Borana Weaves IPO RHP.
According to current grey market premium (GMP) patterns from the unofficial market for the issue, Borana Weaves’ IPO is indicating interest from investors. Since the official announcement of the issue’s price range, the GMP space has been lively.
With a grey market premium (GMP) of ₹58 as of May 16, the IPO, which is priced between ₹205 and ₹216 a share, is creating excitement among investors and suggesting a possible 26.9% gain upon listing.
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets (₹ Crore) | 149.67 | 137.05 | 74.98 | 31.90 |
| Revenue (₹ Crore) | 215.71 | 199.60 | 135.53 | 42.36 |
| Profit After Tax (₹ Crore) | 29.31 | 23.59 | 16.30 | 1.80 |
| Net Worth (₹ Crore) | 76.55 | 47.39 | 24.11 | 1.81 |
| Reserves and Surplus (₹ Crore) | 56.87 | 47.66 | 24.07 | 1.80 |
| Total Borrowing (₹ Crore) | 54.03 | 69.10 | 38.89 | 27.31 |
Borana Weaves plans to use the net proceeds from their Initial Public Offering for the following purposes:
1. Investing ₹713.48 million to establish a new manufacturing unit in Surat, Gujarat for expanding grey fabric production capabilities
2. Allocating ₹265.00 million toward funding incremental working capital requirements
3. Using the remaining funds for general corporate purposes
Borana Weaves Limited’s upcoming IPO represents a significant milestone for this young but rapidly growing textile manufacturer. In just five years since its founding, the company has demonstrated impressive financial growth. For potential investors, Borana Weaves can be an opportunity.
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