Borana Weaves specializes within the manufacturing of unbleached artificial gray cloth, has filed its Draft Purple Herring Prospectus with SEBI in preparation for the IPO, the problem measurement will probably be of as much as 70,00,000 fairness shares with a face worth of ₹10 every, all of which will probably be issued as a Recent Challenge.
Borana’s goal is to finance the price of establishing a brand new manufacturing unit to develop its manufacturing capabilities to supply gray cloth at Surat, Gujarat, India. It additionally goals to safe funding for incremental working capital necessities and for common company functions.
For the interval ended March 31, 2024, The Firm reported Income from operations of ₹ 19,905.56 lakhs and EBITDA of ₹ 4,117.31 lakhs and PAT of ₹ 2,358.64 lakhs and for the interval ended September 30, 2024, the Firm reported Income from operations of ₹ 13,303.48 lakhs and EBITDA of ₹ 2,794.36 lakhs and PAT of ₹ 1,790.42 lakhs.
Borana Weaves Firm Particulars
Borana Weaves Restricted is a textile producer headquartered in Surat, Gujarat specializing within the manufacturing of unbleached artificial gray cloth. This cloth serves as a flexible base materials incessantly used for additional processing, together with dyeing and printing, making it important throughout industries equivalent to trend, conventional textiles, technical textiles, dwelling décor, and inside design as a result of its adaptability throughout numerous types. Along with gray cloth, our Firm additionally manufactures polyester textured yarn (“PTY Yarn”), which is produced by heating polyester-oriented yarn (“POY Yarn”), our uncooked materials used within the manufacturing of gray cloth. (Supply: D&B Report)
Since commencing operations in 2021, the Firm has expanded to a few manufacturing models in Surat, outfitted with textile manufacturing applied sciences, air pollution gentle equipment and instruments that are provided by home and international gamers within the artificial fibre trade equipment, together with 15 texturizing machines, 6 warping machines, 700 water jet looms, and 10 folding machines.
With India witnessing a surge in demand for artificial textiles pushed by affordability, sturdiness, and evolving market tendencies, the Indian artificial textile trade is well-positioned to learn, with development alternatives in each home consumption and exports. The Firm’s sturdy foothold in Gujarat, supported by strong buyer relationships and streamlined operations, has been instrumental in its continued success.
Beeline Capital Advisors Non-public Restricted is the E book Operating Lead Managers to the Challenge, whereas KFIN Applied sciences Restricted is Registrar to the Challenge.
