Question 1: What is the overview of the Company?

Borana Weaves Limited, established in 2020 and headquartered in Surat, Gujarat, is a prominent textile manufacturer specializing in synthetic and blended greige fabrics. The company operates an integrated production model, encompassing the entire process from yarn texturizing to fabric weaving, ensuring quality control and operational efficiency. Their state-of-the-art facilities include 700 high-speed water jet looms, 15 texturizing machines, and 6 warping machines, enabling an annual production capacity of approximately 220 million metres of fabric.

Borana Weaves’ product portfolio primarily consists of unbleached synthetic grey fabrics, which serve as foundational materials for various industries, including fashion, home décor, and technical textiles. The company’s commitment to sustainability is evident through initiatives like water recycling, aligning with global environmental standards.

With a focus on quality and customer satisfaction, Borana Weaves has established itself as a reliable supplier in the textile industry, leveraging advanced technology and integrated operations to meet diverse market demands.

Segment Wise Revenue Bifurcation:

Operational Key performance Indicators (KPIs) of the Company:

Capacity and Capacity Utilization:

Question 2: Who are the promoter of the Company?

1. Mangilal Ambalal Borana
Mangilal Borana is one of the founding pillars of Borana Weaves. With over two decades of experience in the textile industry, he has played a crucial role in shaping the company’s strategic vision and operational strength.

2. Ankur Mangilal Borana
Ankur Borana brings modern management practices and operational efficiency to the business. Known for his sharp business acumen, he has been instrumental in streamlining production and expanding the company’s market reach.

3. Rajkumar Mangilal Borana
Rajkumar Borana contributes to the company’s production and supply chain operations. With deep domain knowledge, he ensures quality control and smooth execution across the manufacturing units.

Question 3: How company performed in the past?

Question 4: How much money is the company raising and why?

In the IPO, the company is offering 67.08 Lakh shares, priced at INR 205-216 per share, aggregating to total of INR 144.89 cr, with a lot size of 69 shares. For the purpose of:

Proposing to finance the cost of establishing a new manufacturing unit to expand its production capabilities to produce grey fabric at Surat, Gujrat – INR 71.3 cr.

Funding incremental working capital requirements – INR 26.5 Cr.

General Corporate Purposes – INR 47.05 Cr

Question 5: Valuation of the company and comparison with other companies

As per RHP, there are no listed peer of the company

Question 6: Summary of outstanding Litigations

Strengths

• Integrated Manufacturing Process: Borana Weaves manages the entire production cycle in-house—from processing Partially Oriented Yarn (POY) to producing high-quality greige fabrics. This vertical integration ensures consistent product quality and operational efficiency.
• Advanced Technological Infrastructure: The company operates with state-of-the-art machinery, including 700 high-speed water jet looms, 15 texturizing machines, and 6 warping machines. This modern equipment facilitates large-scale production and meets diverse industry demands.
• Strong Customer Retention: With 98% of orders being repeat business, Borana Weaves demonstrates a high level of customer satisfaction and loyalty, reflecting its commitment to quality and service.
• Sustainable Practices: The company emphasizes environmental responsibility by recycling millions of litres of water annually, aligning with global sustainability standards.
• Experienced Leadership: Led by founder and chairman Mr. Mangilal Borana, who brings 50 years of experience in the textile industry, the company’s leadership is well-versed in industry dynamics and strategic growth.

Weaknesses

• Product Concentration: Borana Weaves primarily focuses on unbleached synthetic grey fabrics. This limited product diversification may expose the company to market fluctuations specific to this segment.
• Geographical Concentration: All manufacturing units are located in Surat, Gujarat. This geographic concentration could pose risks related to regional disruptions, such as natural disasters or local regulatory changes.
• High Capital Expenditure: The company’s reliance on advanced machinery and technology entails significant capital investment, which may impact financial flexibility, especially during economic downturns.
• Limited Workforce: With a workforce of 51 employees as of April 2024, scaling operations rapidly to meet increasing demand might present challenges in terms of human resource management.

🏢 Company Details

• Company Name: Borana Weaves Limited
• CIN: U17299GJ2020PLC117745
• Year of Incorporation: 2020
• Headquarters: Surat, Gujarat, India
• Registered Office Address: Bungalow No. 28, Rajhans Felix Society, Near VR Mall, Rundh, Surat, Gujarat – 395007
• Industry: Textile Manufacturing (Synthetic Fabrics & Yarn)
• Core Products:
  • Unbleached Synthetic Grey Fabric
  • Polyester Textured Yarn (PTY Yarn)
• Website: boranagroup.in

📝 IPO Registrar & Transfer Agent

• Registrar: KFin Technologies Limited
• Contact Person: M. Murali Krishna
• Email: bwl.ipo@kfintech.com
• Phone: 040-67162222 / 1800 309 4001
• Website: www.kfintech.com

📌 FAQs – Borana Weaves Limited

1. What does Borana Weaves Limited do?

Borana Weaves Limited is engaged in the manufacturing of synthetic and blended greige (unprocessed) fabrics. The company operates an integrated production model, covering everything from yarn texturizing to fabric weaving.

2. Where is Borana Weaves located?

The company is headquartered in Surat, Gujarat, which is a major textile hub in India. Its registered office is at Bungalow No. 28, Rajhans Felix Society, Near VR Mall, Rundh, Surat – 395007.

3. When was Borana Weaves established?

Borana Weaves Limited was incorporated in 2020.

4. What are the main products of the company?

The primary products include:

• Unbleached synthetic grey fabric
• Polyester Textured Yarn (PTY Yarn)

5. Is Borana Weaves involved in sustainable practices?

Yes, the company recycles millions of litres of water annually and follows environment-conscious manufacturing practices.

6. Who are the promoters of the company?

The key promoters are:

• Mangilal Ambalal Borana
• Ankur Mangilal Borana
• Rajkumar Mangilal Borana
• Dhwani Ankur Borana
• Along with their respective HUFs and Borana Filaments Pvt. Ltd.

7. Who is the registrar and transfer agent for Borana Weaves IPO?

The registrar is KFin Technologies Limited.
Website: www.kfintech.com

8. How can I check the IPO allotment status of Borana Weaves?

You can check the allotment status through KFin Technologies’ official website by entering your PAN, DP Client ID, or application number.

9. Is Borana Weaves a listed company?

As of now, Borana Weaves Limited is in the process of listing its shares via an Initial Public Offering (IPO).

10. What is the company’s production capacity?

Borana Weaves has an annual installed production capacity of approximately 220 million metres of fabric, supported by 700 water jet looms and other advanced machinery.