Textile sector company Borana Weaves Limited may enter the IPO market. This Gujarat-based company has filed its draft red herring prospectus (DRHP) with market regulator SEBI for the IPO. This mainboard IPO includes a fresh issue of 70 lakh equity shares. After SEBI’s approval, the company will provide other details including price band and listing for the IPO.
This IPO also aims to secure funds for incremental working capital needs and general corporate purposes. Beeline Capital Advisors Private Limited is the book-running lead manager of the issue, while KFIN Technologies Limited is the registrar of the IPO. Its equity shares are proposed to be listed on BSE and NSE.
About Borana Weaves Limited Company
Borana Weaves, a company with three units in Surat, specializes in the manufacture of unbleached synthetic grey fabric. It is often used for further processing (including dyeing and printing) in industries such as fashion, traditional textiles, technical textiles, home decor, and interior designing. About the company
Borana Weaves, a company with three units in Surat, specializes in the manufacture of unbleached synthetic grey fabric. It is often used for further processing (including dyeing and printing) in industries such as fashion, traditional textiles, technical textiles, home decor, and interior designing.
How is the financial condition of Borana Weaves Limited
Talking about the financial condition of Borana Weaves, the net profit in fiscal 2024 was Rs 23.6 crore. At the same time, the revenue was Rs 199 crore. The profit for the six-month period was Rs 17.9 crore and the revenue was Rs 133 crore.
