Borana Weaves came to market through an IPO that opened on 20 May 2025 and closed on 22 May 2025, and the shares listed on 27 May 2025 on BSE, NSE. The price band was ₹205 to ₹216 per share and one lot was 69 shares, so the minimum application was ₹14,904. The issue size was ₹144.89 crore. The whole issue was fresh shares, so the money raised went to the company.
Kfin Technologies Limited was the registrar to the issue, and Beeline Capital Advisors Pvt Ltd was the lead manager.
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Borana Weaves Limited, a textile manufacturing company incorporated on 2020 is located at Surat. A company specialising in the production of unbleached synthetic grey fabric, it is an essential actor in the supply chain of the fabric that acts as a base layer for subsequent processing, like the dyeing, printing, and finishing.
This material is widely applied in different industries, namely, the fashion industry, traditional textile industry, technical textile industry, home décor, and interior design.Apart from grey fabrics, Borana Weaves Limited also produces the polyester textured yarn (PTY Yarn). This yarn is manufactured through heating and texturizing of a critical raw material of the production of their fabric, namely processed polyester oriented yarn (POY Yarn). The company has three manufacturing units situated at Surat, Gujarat, all well-equipped.
Integrated are modern textile technologies and machinery – 15 texturizing machines, 6 warping machines, 700 water jet looms, and 10 folding machines (as of September 30, 2024). Such impressive infrastructure has made Borana Weaves strike a very firm footing in terms of producing consistently and developing sustainably in the synthetic textile business.
As described in the offer document.
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Borana Weaves raises Rs 65.2 crore via anchor book ahead of IPO. Pink Oal Global Fund, Innovative Vision Fund, Aarth EIF Growth Fund, Saint Capital Fund, Nexus Equity Growth Fund,Rajasthan Global,Finavenue Capital and Sunrise Investment Trust were amongst 11 anchor investors.
Mangilal Ambalal Borana, Ankur Mangilal Borana, Rajkumar Mangilal Borana, Dhwani Ankur Borana, Mangilal Ambalal Borana HUF, Ankur Mangilal Borana HUF, Rajkumar Mangilal HUF And Borana Filaments Private Limited. Promoter holding 87.19% before the issue and 65.24% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Borana Weaves IPO was a ₹144.89 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹205–₹216 per share with a lot size of 69 shares (₹14,904). The IPO was open from May 20 to May 22, 2025. Shares listed on BSE and NSE on May 27, 2025 at ₹243, a 12.5% premium to the issue price of ₹216. Kfin Technologies Limited is the registrar. Beeline Capital Advisors Pvt Ltd is the book running lead manager.
The price band of Borana Weaves IPO is ₹205 to ₹216 per share.
The lot size of Borana Weaves IPO is 69 shares.
The minimum investment for Borana Weaves IPO is approximately ₹14,904 based on the upper price band.
The allotment date of Borana Weaves IPO is May 23, 2025.
Borana Weaves IPO's final recorded GMP before listing was ₹39 per share (a 18% premium over the ₹216 upper price band). The shares listed at ₹243. GMP is unofficial and does not forecast or guarantee the actual listing price.
Borana Weaves IPO listed on May 27, 2025. It was issued at ₹243.0(NSE) and is currently around ₹205.00 as on 30-Oct-2026 3:30 PM, which is approximately -5.1% versus issue price. The 52-week high is ₹420.00.
You can check Borana Weaves IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Borana Weaves IPO allotment status on Rupix for quick and easy access.
₹205 to ₹216 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 69 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,904.
₹14,904, for one lot of 69 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 20 May 2025 and closed on 22 May 2025.
The basis of allotment was published on 23 May 2025 by Kfin Technologies Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 27 May 2025 on BSE, NSE.
The issue size was ₹144.89 crore. The fresh issue was 67,08,000 shares (aggregating up to ₹144.89 crore).