243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

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Borana Weaves Limited

Surat

Date of DRHP : 16 Nov 2024

Issue Type : Book Building Process

IPO Type :
MainBoard IPO

Borana Weaves Basic Details

   Textiles - Fabrics

Sub Sector: Textile manufacturer

About the Company

Borana Weaves is a textile manufacturer based in Surat, Gujarat, specialised in manufacturing of unbleached synthetic grey fabric that is often widely used as a base for further processing (including dyeing and printing) in industries such as fashion, traditional textiles, technical textiles, home décor, interior designing, etc., due to its versatility and ability to complement a wide range of unbleached fabric of various styles (Source: D&B Report). In addition to grey fabric, Borana Weaves also manufactures polyester textured yarn (“PTY Yarn”), which is produced by heating polyester oriented yarn (“POY Yarn”), Borana Weaves raw material used in the production of grey fabric. Borana Weaves commenced its operations in 2020, and the production from first unit, Unit 1 located at Plot No. AA/93/P, Hojiwala Industrial Estate, SUSML, Surat, Gujarat, was subsequently started in 2021. As on date, Borana Weaves operates three manufacturing units in Surat, Gujarat, equipped with textile manufacturing technologies for, inter alia, texturizing, warping, water jet looms, and textile folding.

Financial Summary (Annualised Basis)

Revenue :
274.14 Cr.

PAT :
35.80 Cr.

Borana Weaves IPO Lead Manager(s)

Beeline Capital Advisors Private Limited

Borana Weaves IPO Registrar

KFin Technologies Limited

Borana Weaves DRHP Details

Objects of issue

  • Proposing to finance the cost of establishing a new manufacturing Unit to expand its production capabilities to produce grey fabric at Surat, Gujarat, India
  • Funding incremental working capital requirements
  • General Corporate Purposes

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FAQs

Borana Weaves operates in Textiles - Fabrics and Textile manufacturer. The Issue would be listed on MainBoard. The registrar of the Issue is KFin Technologies Limited. The IPO type of Borana Weaves is Book Building Process and Object of issue is

  • Proposing to finance the cost of establishing a new manufacturing Unit to expand its production capabilities to produce grey fabric at Surat, Gujarat, India
  • Funding incremental working capital requirements
  • General Corporate Purposes

The DRHP (Draft Red Herring Prospectus) of Borana Weaves IPO was filed on 16 Nov 2024.

No, Borana Weaves IPO is not yet listed. See other upcoming MainBoard IPOs here.

The IPO open date and IPO close date of Borana Weaves are not available now. You can apply in Borana Weaves IPO online using either UPI or ASBA as a payment method. ASBA IPO application can be done through net banking of your bank account. UPI IPO application is also offered by brokers, though they don't handle any banking services.

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