Borana Weaves IPO — Should You Subscribe? Read Anand Rathi's Analysis

Borana Weaves, the Gujarat-based synthetic grey fabric supplier has fixed the price band in the range of Rs 205 to Rs 216 per share for its Rs 144.89 crore IPO which comprises only of fresh issue with no component of offer-for-sale. .NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Anand Rathi Report.Borana Weaves Ltd. will launch its initial public offering on May 20 and the offer will remain open for subscription till May 22. The Gujarat-based synthetic grey fabric supplier has fixed the price band in the range of Rs 205 and Rs 216 per share. The minimum order lot for bidding is 69.The Rs 144.89 crore IPO comprises only of fresh issue with no component of offer-for-sale..Objects of the IssueFinancing new grey fabric manufacturing unit in Surat, Gujarat.  Funding incremental working capital & General purpose..Valuation & outlook Borana Weaves is involved in manufacturing and marketing of unbleached synthetic grey fabrics, catering primarily to the B2B segment. The versatility of grey fabric allows it to complement a wide range of unbleached fabrics across different styles, making it a valuable resource in the textile supply chain. This vertical integration gives Borana Weaves better control over quality, cost, and delivery schedules. The company is well-placed to establish direct and strategic regional presence to ensure efficient product delivery and maintain high levels of service responsiveness, thereby reinforcing customer trust and loyalty. With the global market for man-made fibres set to grow by 3.7% by 2025, India’s synthetic textile industry stands to gain, with strong growth chances in both local use and exports. .On valuation parse, based on annualised FY25 it is seeking PE of 14.7 times, FY24 earnings PE stands at 24.4 times and post issue market cap comes at Rs 5,755 ,million with this the issue is fully priced. We believe that company’s shift to water jet loom could benefits over long term with high yields further capitalizing its top and bottom lines additionally changing fashion trends, rising brand awareness, and fast-changing styles are boosting demand for India’s synthetic textiles stand to gain in both domestic and exports. Therefore, we recommend the issue can be consider as 'Subscribe for long-term'..Click on the attachment to read the full report:.Borana Weaves IPO - Price Band, Listing Date, Strengths, Financials, Risks And More: Read DRChoksey's Analysis.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Borana Weaves IPO — Should You Subscribe? Read Anand Rathi's Analysis

Borana Weaves' Rs 144.89 crore IPO will open on May 20 for subscription and the company has fixed the price band in the range of Rs 205 to Rs 216 per share.

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Borana Weaves IPO — Should You Subscribe? Read Anand Rathi's Analysis

Borana Weaves' Rs 144.89 crore IPO will open on May 20 for subscription and the company has fixed the price band in the range of Rs 205 to Rs 216 per share.

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