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BORANA IPO

BORANA WEAVES LIMITED

IPO Doc

Start Date20-05-2025

Application Timing10am-5pm

Price Range₹205 - ₹216

Min Qty69

Min. Investment₹14145

Listing DateNA

Close Date22-05-2025

About BORANA WEAVES LIMITED

Borana Weaves Limited, incorporated in 2020 and based in Surat, Gujarat, is a textile manufacturing company specializing in unbleached synthetic grey fabric. This fabric serves as a base material for dyeing, printing, and further textile processing in sectors such as fashion, traditional textiles, technical textiles, home décor, and interior design.

The company also produces Polyester Textured Yarn (PTY) by processing Polyester Oriented Yarn (POY), a key raw material in synthetic fabric production.

The company’s customer base is largely concentrated among wholesalers in Gujarat. With the global man-made fiber market expected to grow at 3.7% CAGR by 2025, Borana Weaves is positioning itself to meet both domestic and export demands.

Why To Invest in BORANA WEAVES LIMITED

Strong Financial Growth: Revenue has surged from 42.36 crore in FY22 to ?215.71 crore (Dec FY24 annualized). PAT for Dec FY24 stood at ?29.31 crore with strong margins.

High Return Ratios: Impressive ROE of 49.45%, ROCE of 27.42%, and PAT margin of 11.85%, indicating efficient capital utilization and profitability.

Capacity Expansion: IPO proceeds will fund a fourth manufacturing unit in Surat, aiming to boost production capacity and support growing demand.

No OFS Component: Entire issue is a fresh issue of 67 lakh shares, reflecting promoter confidence as no existing shareholders are exiting.

Robust Market Demand: GMP (Grey Market Premium) of 63 suggests high investor interest, reflecting a 29% premium over the upper price band.

Diversified Applications: The company caters to multiple industries, making it resilient to sectoral downturns.

Financial Table

Period Ended	31 Dec 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	149.67	137.05	74.98	31.90
Revenue	215.71	199.60	135.53	42.36
Profit After Tax	29.31	23.59	16.30	1.80
Net Worth	76.55	47.39	24.11	1.81
Reserves and Surplus	56.87	47.66	24.07	1.80
Total Borrowing	54.03	69.10	38.89	27.31

Strengths And Risks

Rapid Revenue & Profit Growth: Company has shown impressive financial growth with rising revenues and strong profit margins over the last few years.

High ROE & PAT Margin: Strong return on equity and profit margins reflect efficient financial and operational management.

Strategic Expansion Plans: IPO funds will be used to set up a fourth manufacturing unit, helping scale operations and meet rising demand.

Diversified Product Applications: Products cater to various sectors like fashion, home décor, and technical textiles, minimizing sectoral risk.

Modern Infrastructure: Well-equipped manufacturing units located in Surat, a major textile hub, support efficient large-scale production.

High Valuation: Price-to-book value of 9.09 may indicate an expensive valuation relative to industry peers.

Industry Dependency: Business performance is tied to the textile sector, which is cyclical and affected by global market dynamics.

Geographic Concentration: Majority of operations and clientele are concentrated in Gujarat, exposing the company to regional risks.

Working Capital Heavy: Textile operations require significant working capital; any cash flow disruptions could impact business.

FAQs

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Company

Astha Credit & Securities Pvt Ltd NSE, BSE & MCX SEBI Reg No:

INZ000187932

Membership ID:

NSE - 12227 BSE-6844 MCX - 40000 NSDL-IN303420 CDSL-94500

CIN:

U65929MP2003PTC016241

SEBI Depository Participant Reg No:

IN-DP-611-2021

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0755-4268599

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9669695615

SEBI RA Registration:

INH000013332

AMFI Registration:

ARN-35911

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Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020
Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge
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All investors are requested to take note that 6 KYC attributes i.e. Name, PAN, Address, Mobile Number, Email id and Income Range have been made mandatory. Investors availing custodian services will be additionally required to update the custodian details.
The last date to update KYC is on or before March 31, 2022.
Thereafter non-compliant trading accounts will be blocked for trading by the Exchange.
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The investors are hereby requested to comply with the regulatory guidelines issued by Exchanges and Depositories from time to time with regard to KYC compliance and related requirements.
We do proprietary trading

Client Bank Account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062

*Investors are requested to note that Stock broker Astha Credit and Securities Private Limited is permitted to receive/pay money from/to investor through designated bank accounts only named as client bank accounts. Stock broker Astha Credit and Securities Private Limited is also required to disclose these client bank accounts to Stock Exchange. Hence, you are requested to use following client bank accounts only for the purpose of dealings in your trading account with us. The details of these client bank accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker.

1. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in the investor's account. 2. KYC is a one-time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund, etc.), you need not undergo the same process again when you approach another intermediary.

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Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day......................issued in the interest of investors. We do Pro trading.

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BORANA IPO

About BORANA WEAVES LIMITED

Why To Invest in BORANA WEAVES LIMITED