Borana Weaves Limited is a manufacturer of unbleached synthetic grey fabric based in Surat, Gujarat. The company’s unbleached synthetic grey fabric is often widely used as a base for further processing (including dyeing and printing) in industries such as fashion, traditional textiles, technical textiles, home decor, interior design, etc.

The company also manufactures polyester textured yarn (“PTY Yarn”), which is produced by heating polyester oriented yarn (“POY Yarn”), our raw material used in the production of grey fabric. Borana Weaves Limited Company operates three manufacturing units in Surat, Gujarat, equipped with textile manufacturing technologies for, inter alia, texturizing, warping, water jet looms, and textile folding.

For the year/period ended (Rs. in Cr.)

For year/ period ended ( in Cr.)

• Unique market position in grey fabric and Polyester Textured Yarn (“PTY”) manufacturing
• Investment in highly efficient water jet looms capable of producing flawless fabric in both quality and quantity;
• Fully integrated manufacturing units established in strategic location
• Delivering strong financial and operating metrics
• Experienced Promoters with execution capabilities

• Proposing to finance the cost of establishing a new manufacturing Unit to expand its production capabilities to produce grey fabric at Surat, Gujarat, India
• Funding incremental working capital requirements
• General Corporate Purposes

At the upper band of IPO Rs. 216, the stock is valued at 18.25 times. Hence, Well-informed investors subscribe for long term.