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Open
20 May 2025
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Close
22 May 2025
3
Allotment
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Listing
Tue, May 27, 2025
Price Band
₹205 to ₹216
Issue Size
67,08,000 shares (agg. up to ₹145 Cr)
Lot Size
69 Shares
Listing Date
Tue, May 27, 2025
Latest GMP
₹43
Est. Gain
19.91%
✦ AI Insight
GMP Trend
27-05-2025₹43Est. ₹259+19.91%
26-05-2025₹43Est. ₹259+19.91%
25-05-2025₹40Est. ₹256+18.52%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 81.31x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 149.67 | 137.05 | 74.98 | 31.90 |
| Total Income | 215.71 | 199.60 | 135.53 | 42.36 |
| Profit After Tax | 29.31 | 23.59 | 16.30 | 1.80 |
| EBITDA | 46.03 | 41.17 | 26.06 | 5.17 |
| NET Worth | 76.55 | 47.39 | 24.11 | 1.81 |
| Reserves and Surplus | 56.87 | 47.66 | 24.07 | 1.80 |
| Total Borrowing | 54.03 | 69.10 | 38.89 | 27.31 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Sanathan Textiles Ltd. | Mainboard | ₹550.00 Cr | ₹321 | 17.25 | ₹388.35 | +20.98% | ₹449.30 (-0.33%) |
| NAPS Global India Ltd. | SME | ₹11.88 Cr | ₹90 | 19.27 | ₹102.60 | +14.00% | ₹34.60 (-7.36%) |
| Ken Enterprises Ltd. | SME | ₹83.65 Cr | ₹94 | 19.34 | ₹80.75 | -14.10% | ₹33.70 (-1.03%) |
| Avax Apparels & Ornaments Ltd. | SME | ₹1.92 Cr | ₹70 | 3.88 | ₹139.65 | +99.50% | ₹49.00 (-3.92%) |
| Neelam Linens & Garments (India) Ltd. | SME | ₹13.00 Cr | ₹24 | 14.44 | ₹38.05 | +58.54% | ₹9.70 (+0.00%) |
| Paramount Dye Tec Ltd. | SME | ₹28.43 Cr | ₹117 | 14.91 | ₹107.05 | -8.50% | ₹36.20 (-0.14%) |
| Divyadhan Recycling Industries Ltd. | SME | ₹24.17 Cr | ₹64 | 28.34 | ₹88.20 | +37.81% | ₹53.75 (+0.00%) |
| Avi Ansh Textile Ltd. | SME | ₹25.99 Cr | ₹62 | 18.31 | ₹71.15 | +14.76% | ₹102.00 (-0.10%) |
| Gajanand International Ltd. | SME | ₹20.65 Cr | ₹36 | 21.08 | ₹39.90 | +10.83% | ₹8.65 (+6.79%) |
| United Cotfab Ltd. | SME | ₹36.29 Cr | ₹70 | 9.7 | ₹78.75 | +12.50% | ₹16.40 (+5.87%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Proposing to finance the cost of establishing a new manufacturing Unit to expand its production capabilities to produce grey fabric at Surat, Gujarat, India | 71.35 |
| 2 | Funding incremental working capital requirements | 26.50 |
| 3 | General Corporate Purposes | 32.88 |
| 4 | Issue Expenses | 14.17 |
| Total | 144.89 |
About Borana Weaves IPO
Incorporated in 2020, Borana Weaves Limited is a manufacturer of unbleached synthetic grey fabric based in Surat, Gujarat. The company's unbleached synthetic grey fabric is often widely used as a base for further processing (including dyeing and printing) in industries such as fashion, traditional textiles, technical textiles, home decor, interior design, etc. The company also manufactures polyester textured yarn (“PTY Yarn”), which is produced by heating polyester oriented yarn (“POY Yarn”), our raw material used in the production of grey fabric. Borana Weaves Limited company operates three manufacturing units in Surat, Gujarat, equipped with textile manufacturing technologies for, inter alia, texturizing, warping, water jet looms, and textile folding. As of September 30, 2024, the company had a total of 15 texturizing machines, 6 warping machines, 700 water jet looms, and 10 folding machines active at its three units.+ Read More
Contact Details
Borana Weaves Ltd. AddressPlot No AA/34, B 16/16Hojiwala Industrial Estate, SUSMLSachinSurat, Gujarat, 394230+91-9898426338info@boranagroup.inVisit Website