Borana Weaves Ltd, a Surat-based textile manufacturer, is launching its IPO with a fresh issue of ₹144.89 crores. The company specializes in producing unbleached synthetic grey fabric that is used extensively as a base material for dyeing, printing, and further processing across industries like fashion, traditional textiles, technical textiles, home décor, and interior design.

The IPO opens for subscription on May 20, 2025, and closes on May 22, 2025. The issue is a book built fresh issue of 67.08 lakh shares priced in a band of ₹205 to ₹216 per equity share. The allotment is expected on or about Friday, May 23, 2025, with the shares listing on NSE and BSE tentatively on or about Tuesday, May 27, 2025.

IPO Details:

• IPO Opening Date: May 20, 2025

• IPO Closing Date: May 22, 2025

• Price Band: ₹205 to ₹216 per share

• Fresh Issue Size: ₹144.89 crores

• Number of Shares: 67.08 lakh shares

• Minimum Lot Size: 69 shares

• Minimum Retail Investment: ₹14,904

• Minimum HNI Investment: 14 lots (966 shares) amounting to ₹2,08,656

• Book Running Lead Manager: Beeline Capital Advisors Private Limited

• Registrar: KFIN Technologies Limited

• Tentative Listing Exchanges: NSE & BSE

• Allotment Date: May 23, 2025

• Listing Date: May 27, 2025

About the Company

Borana Weaves is focused on manufacturing unbleached synthetic grey fabric, which acts as a versatile base fabric for further processes such as dyeing and printing. This fabric caters to multiple sectors including fashion, traditional and technical textiles, home décor, and interior design, making it a key component in diverse textile supply chains.

The promoters and executive directors bring extensive industry experience:

• Mangilal Ambalal Borana has over 24 years in the textile business

• Ankur Mangilal Borana and Rajkumar Mangilal Borana each have over 13 years of experience

Their expertise has been instrumental in the company’s consistent growth trajectory.

Financial Performance

Borana Weaves Ltd has demonstrated steady growth in revenues and profitability over recent years as summarized below:

This data indicates strong growth momentum and improved operational efficiency.

Grey Market Premium (GMP)

The Grey Market Premium for Borana Weaves IPO is currently estimated at ₹50, reflecting market sentiment based on the company’s financial performance. Investors are advised to treat GMP values with caution since trading is informal and unregulated. GMP figures are provided solely for educational and informational purposes.

The Upcoming IPOs in this week and coming weeks are Victory Electric Vehicles International, Borana Weaves, Dar Credit and Capital,Belrise Industries, Wagons Learning.

The Current active IPO are Accretion Pharmaceuticals.

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