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Borana Weaves Ltd.

21 May 2025

IPO Note

Borana Weaves Ltd.

Minerva Capital Research Solutions

Incorporated in Oct’20, Company manufactures polyester textured yarn (‘PTY Yarn’), unbleached synthetic grey fabric from its three manufacturing units located in Surat, Gujarat which are equipped with total of 15 texturizing machines, 6 warping machines, 700 water jet looms & 10 folding machines with current aggregate installed capacity of 2,332.80 lakh meters per annum which is proposed to be augmented by 1,127.52 lakh meters per annum with Unit 4 (proposed funding from IPO proceeds) which will constitute 32.58% of capacity post expansion.

Minerva Capital Research Solutions released a IPO Note report for Borana Weaves Ltd. on 21 May, 2025.

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