Issue Price
₹216
Per Share
GMP
NIL
Grey Market
Est. Listing
₹216
Expected Price
Min. Application
₹29,808
2 lots × 69 shares
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.
Borana Weaves Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| TOTAL | 6,708,000 | 100.00% | ₹144.89 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 69 | ₹14,904 |
| Retail (Max) | 13 | 897 | ₹193,752 |
| sNII (Min) | 14 | 966 | ₹208,656 |
| bNII (Min) | 68 | 4,692 | ₹1,013,472 |
| Particulars | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue from Operations | 215.71 | 199.60 | 135.53 |
| EBITDA | 46.03 | 41.17 | 26.06 |
| Profit After Tax (PAT) | 29.31 | 23.59 | 16.30 |
| Net Worth | 76.55 | 47.39 | 24.11 |
| Total Assets | 149.67 | 137.05 | 74.98 |
| Reserves & Surplus | 56.87 | 47.66 | 24.07 |
| Total Borrowings | 54.03 | 69.10 | 38.89 |