Borana Weaves Limited IPO Opens on Tuesday, May 20, 2025

Equity Share Allocation

• Qualified Institutional Buyer – Not less than 75% of the Issue
• Non-Institutional Investors – Not more than 15% of the Issue
• Retail Individual Investors – Not more than 10% of the Issue

The net proceeds from the IPO will be utilized to finance the cost of establishing a new manufacturing unit to expand its production capabilities to produce grey fabric at Surat, Gujarat, India (“Proposed Unit 4”), funding incremental working capital requirements, and for general corporate purposes.

The Company has appointed Beeline Capital Advisors Private Limited as the Book Running Lead Managers to the Issue and KFIN Technologies Limited as the Registrar to the Issue.

Mr. Mangilal Ambalal Borana, Chairman and Managing Director of Borana Weaves Limited expressed, “The launch of our Initial Public Offering marks a significant milestone for Borana Weaves Limited. Over the past few years, we have grown our manufacturing capabilities in the synthetic textile segment. The proceeds from the IPO will support the expansion of our production infrastructure and help us address our working capital needs. This step aligns with our long-term strategy of scaling operations while maintaining focus on product quality and operational efficiency. We look forward to continuing our growth journey with greater capacity and enhanced operational resilience.”

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