Company Overview: Borana Weaves Limited is engaged in the manufacturing and trading of unbleached synthetic grey fabric and polyester textured yarn (PTY). The company operates in the textile industry, primarily producing grey fabrics such as polyester, cotton and blended fabrics for single and industrial purposes. It
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has facilities in two different locations in Surat, Gujarat, equipped for texturizing, warping, sizing and weaving, with a combined installed capacity of 30 million meters per annum for grey fabric and 7,800 metric tons per annum for PTY by December 2024.
The Grey Market Premium (GMP) for Borana Weaves IPO, as reported recently, varies across sources:
- As of May 19, 2025, the GMP is reported at ₹65, indicating a potential listing gain of around 30% over the upper price band of ₹216.
- Earlier, on May 16, 2025, the GMP was ₹58, suggesting a listing gain of approximately 26.9%.
- Another report from May 17, 2025, noted a GMP of ₹63, pointing to a 29% gain.
- A post on X from May 15, 2025, indicated a GMP of +30%, aligning with the higher end of recent estimates
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The GMP has been trending between ₹55–₹65, translating to estimated listing gains of 25–30%. However, GMP is speculative and unregulated, reflecting sentiment in the grey market, not guaranteed outcomes. The IPO is open from May 20–22, 2025, with a price band of ₹205–₹216 and a listing date of May 27, 2025.
DIGI MARCH STORE PRINT ON DEMAND
For the “long term” (possibly giving investment potential), Borana Weaves’ numbers show growth: FY24 revenue ₹200 crore (up from ₹135 crore in FY23) and PAT ₹23.6 crore (up from ₹16.3 crore). For 9M FY25, revenue was ₹215.7 crore and PAT was ₹29.3 crore. The PE ratio for FY24 is 24.4x, and on a TTM FY25 basis, it is 14.8x, which seems reasonable,
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although no comparisons are provided. The company specializes in unbleached synthetic grey fabric and polyester textured yarn, which could benefit from demand from the textile sector, but faces risks such as raw material price fluctuations and market competition
Important Note: GMP and reflects hype and may not indicate a value. The textile industry is cyclical, and while Borana’s growth is promising, caution should be exercised due to unlisted peers and market risks. Investors should assess fundamentals and not rely solely on GMP for decisions. Always consult a financial advisor for advice
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