Borana Weaves Limited IPO: 10 Key Things to Know Before Investing

Borana Weaves Limited is a Surat-based textile company specializing in synthetic grey fabric and polyester textured yarn. The company’s products are used in diverse areas like fashion, home decor, and industrial applications.

With a fully integrated setup across three modern manufacturing units and a clear expansion plan in place, Borana is well-positioned to capture demand in both domestic and technical textile markets. Their investment in advanced machinery like water jet looms and expansion into new regions offers a growth-oriented outlook.

Here are the key details of the IPO:
• IPO dates: May 20th - 22nd, 2025
• Listing date: May 27th, 2025
• Price band: ₹205 - ₹216 per share
• Total issue size: ₹144.89 Cr
• Face value: ₹10 per share
• Listing Exchange: BSE, NSE
• Lot Size: 69 Shares
• Promoters: Mangilal Ambalal Borana, Ankur Mangilal Borana, Rajkumar Mangilal Borana, Dhwani Ankur Borana, and others

The minimum investment required to apply for the Borana Weaves Limited IPO is ₹14,145 (69 shares at the lower price band of ₹205 per share). For those aiming to improve their chances of allotment, applying at the upper band would require ₹14,904 (69 shares at ₹216 per share).

Incorporated in 2020, Borana Weaves Limited manufactures unbleached synthetic grey fabric and polyester textured yarn (PTY) used in fashion, traditional wear, technical textiles, and home décor.

• Manufacturing Units: Operates three state-of-the-art units in Surat
• Technology: Equipped with 15 texturizing machines, 6 warping machines, 700 water jet looms, and 10 folding machines
• Markets: Serving domestic markets with plans to expand across Gujarat and beyond

The key objectives of this IPO are:

• To finance the establishment of a new manufacturing unit in Surat to produce grey fabric
• To fund working capital requirements
• To support general corporate purposes

The IPO allocation is generally structured as follows (exact breakup not disclosed):

• QIB Shares Offered (QIBs): Not less than 75% of the Issue
• Retail Shares Offered: Not more than 10% of the Issue
• NII (HNI) Shares Offered: Not more than 15% of the Issue

Strengths:

• Integrated Surat-based operations with advanced textile technology
• Strategic expansion into technical textiles and emerging domestic markets
• Established supply chain and reliable raw material sourcing
• Experienced promoter group with deep industry understanding
 

Risks:
 

• High customer concentration in Gujarat without long-term contracts
• Operations limited to one region increase vulnerability to local disruptions
• Uncertainty around approvals for new Unit 4
• Limited operational track record since incorporation in 2020

The company has demonstrated consistent growth over the years (INR Cr):

• Basis of allotment: May 23, 2025
• Refund initiation: May 26, 2025
• Shares credited to demat accounts: May 26, 2025
• Listing date: May 27, 2025

Borana Weaves Limited is an emerging player in the synthetic textiles sector with strong manufacturing capabilities and expansion plans into high-growth areas like technical textiles. While the company’s growth looks promising, investors should also consider risks such as regional concentration and limited operational history.
 

Assess your investment goals and risk appetite carefully before making a decision.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult your financial advisor before investing.