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Borana Weaves IPO
Price Band
₹205.0–216.0
Issue Size
₹144.89 Cr
Lot Size
69 shares
Min Investment
₹14,904
GMP
+₹43.0 (19.91%)
Issue Price
₹216.0
Subject to Sauda
₹2300
Paid only if allotted
Borana Weaves IPO AI Summary
- Borana Weaves IPO is listed on BSE, NSE.
- Price band: ₹205.0–₹216.0 per share, lot size 69 shares (min. investment ₹14,904).
- Subscription window: 20 May–22 May 2025, listing on 27 May 2025.
- Current GMP is +₹43.0 (19.91%), an estimated listing price of ₹259 — unofficial and can change daily.
Borana Weaves Limited is a young company specializing in synthetic grey fabric production, with significant growth in revenue and profit over the past few years. The IPO aims to raise funds for expansion and working capital, with a promising Grey Market Premium indicating potential investor interest.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Borana Weaves IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 22 May 2025 — not a current signal.
Reviewers are split — see individual calls below.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Borana Weaves IPO Grey Market Premium (GMP) Today
GMP
+₹43.0
GMP %
+19.91%
Est. Listing
₹259.0
Updated: 25 Jul 2026 14:30
About the Company
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.
Company Financials (₹ Cr)
As of 2024-12-31
| 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 |
Key Ratios
EPS
₹11.83
NAV
₹23.77
ROE
49.45%
ROCE
27.42%
RoNW
49.77%
P/B Value
9.09
P/E Ratio
18.26
Market Cap
₹575.54 Cr
PAT Margin
11.85%
Promoters
Mangilal Ambalal Borana, Ankur Mangilal Borana, Rajkumar Mangilal Borana, Dhwani Ankur Borana, Mangilal Ambalal Borana (HUF), Ankur Mangilal Borana (HUF), Sandhya Bansal, Rajkumar Mangilal (HUF) and Borana Filaments Pvt.Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # 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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹42.36 Cr in the year ending 31 Mar 2022, rising to ₹135.53 Cr by 31 Mar 2023. It further increased to ₹199.60 Cr for the year ending 31 Mar 2024, and reached ₹215.71 Cr by 31 Dec 2024.
Profit Trend
Profit After Tax was ₹1.80 Cr in the year ending 31 Mar 2022, increasing to ₹16.30 Cr by 31 Mar 2023. It rose to ₹23.59 Cr for the year ending 31 Mar 2024, and further to ₹29.31 Cr by 31 Dec 2024.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading before its official listing. A positive GMP suggests that investors expect the stock to list at a higher price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance.
Who May Want to Wait
Investors who prefer stable, established companies with predictable earnings may find this IPO less appealing, as it involves higher risks associated with newer companies.
IPO Timeline, Explained
The IPO opens for subscription from May 20, 2025, to May 22, 2025. Allotment of shares will be finalized by May 23, 2025, and the shares are expected to be listed on the stock exchange on May 27, 2025.
Listing Gains — The Risk
Listing gains are the profits made by investors when shares are sold on the listing day at a price higher than the issue price. However, these gains are not guaranteed, as market conditions can change rapidly, affecting stock prices.
This evaluation is generated from Borana Weaves's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Borana Weaves IPO GMP today?
Borana Weaves IPO GMP today is +₹43.0 (19.91%), indicating an estimated listing price of ₹259. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Borana Weaves IPO?
The price band of Borana Weaves IPO is ₹205.0–₹216.0 per share.
When does Borana Weaves IPO open and close?
Borana Weaves IPO opens on 20 May 2025 and closes on 22 May 2025.
When does Borana Weaves IPO list on the stock exchange?
Borana Weaves IPO listed on 27 May 2025 at ₹259.0.
What is the lot size for Borana Weaves IPO?
The lot size for Borana Weaves IPO is 69 shares, requiring a minimum investment of ₹14,904.
What is the issue price of Borana Weaves IPO?
The issue price of Borana Weaves IPO is ₹216.0.
What is the minimum investment required?
The minimum investment required is ₹14,904.0.
What is the lot size for the IPO?
The lot size for the IPO is 69 shares.
When does the IPO open and close?
The IPO opens on May 20, 2025, and closes on May 22, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
20 May 2025
Close
22 May 2025
Allotment
23 May 2025
Listing
27 May 2025
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