IPO - Initial Public Offerings

 BORANA

  

BORANA WEAVES LIMITED

20 May, 10:00 AM

Issue Open

22 May, 05:00 PM

Issue Close

69

Lot Size

₹ 205.00 – ₹ 216.00

Price Range

IPO Issue Details

Issue size 144.89 Cr
Market Price 216.00
Registrar Kfin Technologies Limited
Face Value RS.10 /- Per share
Listing at NSE BSE

About

BORANA WEAVES LIMITED
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.

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 69 ₹ 14,904.00
Retail  (Upto 2 Lakh) 13 897 ₹ 1,93,752.00
S-HNI  (2 Lakh to 10 Lakh) 14 966 ₹ 2,08,656.00
S-HNI  (2 Lakh to 10 Lakh) 67 4623 ₹ 9,98,568.00
B-HNI  (Above 10 Lakh) 68 4692 ₹ 10,13,472.00

IPO TimeLine

Open Date 20-May-2025
Close Date 22-May-2025
Basis of Allotment Date 23-May-2025
Initiation of Refunds 24-May-2025
Credit Shares to Demat A/c 24-May-2025
IPO Listing Date 27-May-2025