Borana Weaves IPO Date
Borana Weaves IPO will open for subscription on May 20, 2025, and the closing date for the IPO is May 22, 2025. After this, investors are expected to be updated about the allotment status on Friday, May 23, 2025.
Investors who have been allotted shares can expect them to be credited to their demat account on May 26, 2025. The shares will be listed on the NSE and the BSE on Tuesday, May 27, 2025.
Borana Weaves IPO Price Band
The IPO includes only a fresh issue of shares. The IPO price band has been set between ₹205 to ₹216 per share. Interested investors can choose a price within this band to apply for the IPO.
The IPO is a book-building issue, comprising a fresh issue of ₹144.89 crore and no offer for sale component.
The Borana Weaves IPO listing price will be determined on May 27, 2025. The listing price is the price at which a company’s shares debut on the stock exchanges.
Borana Weaves IPO Lot Size
The Borana Weaves IPO details have been declared. The minimum lot size for an application is 69 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹144.89 crore.
The company specialises in unbleached synthetic grey fabric. Their presence in Surat, a major textile and apparel manufacturing hub, provides strategic advantages. The use of pollution-light machinery leads to lower employee costs and reduced labour issues. The manufacturing units are fully integrated.
They have a wide customer base across various states, including Gujarat, Rajasthan, Uttar Pradesh, West Bengal, Haryana, and Delhi. The versatility of grey fabric allows the company to complement a wide range of unbleached fabrics across different styles.
Borana Weaves Limited is led by experienced promoters with extensive industry experience, who bring over 24 years of expertise in the textile industry, providing strong leadership and industry connections.