Borana Weaves IPO will open on May 20, company’s plan to raise 145 crores

Borana Weaves IPO: Fabric manufacturer Borrana Vivs Limited is going to bring its IPO. On Tuesday 20 May 2025, the company will launch its public issue. Anchor investors will be able to bid for this from May 19 itself. The closing of the issue will be on Thursday, 22 May. Through this IPO, the company aims to raise 144.89 crores and listing its equity shares on the main bod platforms of the National Stock Exchange of India Limited.

This is so much kept price band

67,08,000 equity shares will be issued under IPO. There will be no offer for sale. For this, the price band has been fixed at Rs 205-216 per share, whose face value is Rs 10 per share. 75 percent part in IPO is reserved for Qualified Institute buyers, 15 percent part for non -institute investors and 10 percent part is reserved for retail investors. The allotment of shares will be final on May 23 and the shares will be listed on BSE, NSE on 27 May.

Use of money received from IPO

The amount raised from the IPO will be used for creating a new manufacturing unit in Surat to increase its production capacity of the company Gray Fabric, for increasing needs of working capital and for general corporate purposes. The company has selected Bine Capital Advisors Private Limited as Book Running Lead Manager and KFIN Technologies Limited as Registrar of Issue.

Talking to News Educity ANI, the company’s chairman and managing director said, “The launch of this IPO is an important milestone for Borna Vivs Limited. In the last few years, we have increased our manufacturing capabilities in the synthetic textile segment. The amount raised from the IPO will help increase our production infrastructure and meet the needs of working capital. ”

Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)

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