Borana Weaves Limited IPO

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The Company, is a fast-growing textile manufacturer specializing in unbleached synthetic grey fabric and polyester textured yarn (PTY Yarn). These products serve as key raw materials for various downstream applications in the fashion, traditional textiles, technical textiles, home décor, and interior design industries.

Core Products

Unbleached Grey Fabric:
i. A versatile base fabric used extensively for further processing such as dyeing and printing.
ii. Widely used across multiple end-use segments due to its adaptability and cost-effectiveness.

Polyester Textured Yarn (PTY Yarn):
i. Produced by texturizing polyester oriented yarn (POY Yarn), which is the key raw material in the manufacturing of grey fabric.
ii. Known for its strength, stretchability, and suitability in high-speed weaving and knitting processes.

Their customer base is primarily concentrated in Gujarat, leveraging their proximity and direct relationships for timely deliveries and service.

Conclusion

With a strong foothold in Gujarat’s synthetic textile industry, modern manufacturing infrastructure, and robust demand tailwinds for polyester products, their Company is well-positioned to scale operations, deepen client relationships, and explore new market opportunities both domestically and internationally.

Objects of the Borana Weaves Limited IPO:

IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: i. Proposing to finance the cost of establishing a new manufacturing Unit to expand its production capabilities to produce grey fabric at Surat, Gujarat, India. ii. Funding incremental working capital requirements. iii. General Corporate Purposes.
DRHP of Borana Weaves Limited IPO
RHP of Borana Weaves Limited IPO

Borana Weaves Limited IPO Details:

Open Date: May 20 2025
Close Date: May 22 2025
Total Shares: 67,08,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 144.89 Cr.
Lot Size: 69 Shares
Issue Price: ₹ 205 - 216 Per Equity Share
Listing At: NSE,BSE
Listing Date: May 27 2025

Promoters And Management:

Mangilal Ambalal Borana is the Chairman and Managing Director, as well as a Promoter and founder of the Company. With over 24 years of experience in the textile industry, he has also served as a director at Borana Filaments Pvt. Ltd. for 21+ years and was previously associated with Sachin Paper Mills Pvt. Ltd. Ankur Mangilal Borana is the Executive Director and CEO of the Company, and also one of its Promoters. He holds a bachelor’s degree in commerce from South Gujarat University and has over 13 years of experience in the textile industry. He also serves as a director in multiple companies including Borana Automobiles Pvt. Ltd., Borana Filaments Pvt. Ltd., Hojiwala Infrastructure Ltd., Ricon Textile Pvt. Ltd., and is a whole-time director and promoter of R & B Denims Ltd. Additionally, he is a partner in Borana Industries LLP, Rawatkhedia Silk Mill LLP, and Wealthford Consultancy LLP. Rajkumar Mangilal Borana is the Executive Director and CFO of the Company, and one of its Promoters. He holds a bachelor’s degree in commerce from South Gujarat University and has 13 years of experience in the textile industry. He serves on the boards of Pandesara Infrastructure Ltd., Borana Filaments Pvt. Ltd., R & B Denims Ltd., Borana Automobiles Pvt. Ltd., and Aether Industries Ltd. He is also the Managing Director and Promoter of R & B Denims Ltd., and a partner in Borana Industries LLP, Rawatkhedia Silk Mill LLP, and Wealthford Consultancy LLP.

Financials of Borana Weaves Limited IPO:

In Cr.
Particulars December 31, 2024 March 31, 2024 March 31, 2023  March 31, 2022 
Revenue from Operations 211.61 199.05 135.39 42.33
Growth in Revenue from Operations 47.01% 219.84%
Gross Profit 82.65 76.57 49.11 11.83
Gross Profit Margins 39.06% 38.47% 36.28% 27.95%
EBITDA 46.03 41.17 26.06 5.17
EBITDA Margins 21.75% 20.68% 19.25% 12.22%
PAT 29.30 23.58 16.30 1.79
PAT Margins 13.85% 11.85% 12.04% 4.25%
ROCE 27.11% 27.42% 34.93% 12.23%
Net Working Capital days (In days) 67 61 66 98
CFOA 25.77 22.13 6.89 -8.32

Comparison With Peers:

As per RHP, no listed peers.

Recommendation on Borana Weaves Limited IPO:

To be updated shortly.

Lead Manager of Borana Weaves Limited IPO:

  1. Beeline Broking Limited

Registrar of Borana Weaves Limited IPO:

  1. Kfin Technology Private Limited

Company Address:

Borana Weaves Limited Plot No AA/34, B 16/16, Hojiwala Industrial Estate, SUSML, Sachin, Phone: +91-9898426338 Email: info@boranagroup.in Website: https://www.boranagroup.in/

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