Borana Weaves Limited IPO Details

Borana Weaves Limited, headquartered in Surat, Gujarat, is engaged in manufacturing high-quality synthetic grey fabrics using polyester and viscose yarn. Their fabrics are widely used in shirting, suiting, and dress materials across the Indian textile sector.

📌 IPO Highlights

  • IPO Type: SME IPO (NSE SME platform)
  • Issue Size: ₹144.89 crore
  • Fresh Issue: 67.08 lakh equity shares
  • IPO Opening Date: May 20, 2025
  • IPO Closing Date: May 22, 2025
  • Face Value: ₹10 per share
  • Price Band: ₹200–₹216 per share (Expected)

🏭 Business Overview

The company operates with in-house manufacturing and dyeing capabilities. With rising demand in domestic and export textile markets, Borana Weaves plans to expand production through a new manufacturing plant in Surat, Gujarat.

📈 Financial Performance (as of FY 2023–24)

  • Total Revenue: ₹199 crore
  • Profit After Tax (PAT): ₹23.59 crore
  • EBITDA Margin: ~13.5%

🎯 IPO Objectives

  • Establishment of a new manufacturing plant in Surat
  • Funding working capital requirements
  • General corporate purposes

🔍 Registrar & Lead Manager

  • Lead Manager: Beeline Capital Advisors
  • Registrar: Bigshare Services Pvt. Ltd.

With solid financials and sectoral demand, Borana Weaves Limited’s IPO is expected to attract strong investor interest in the SME segment.