Past performance
Performance overview
About Borana Weaves Ltd Borana Weaves Limited, originally incorporated as Borana Weaves Private Limited in October 2020, transitioned to a Public Limited Company in September 2024. Based in Surat, Gujarat, it operates as a textile manufacturer specializing in unbleached synthetic grey fabric and polyester textured yarn (PTY yarn). The grey fabric serves as a base material for industries including fashion, technical textiles, home décor, and interior design, while PTY yarn, derived from polyester-oriented yarn (POY yarn), is a key input for grey fabric production. The company's manufacturing operations are conducted across three units in Sachin, Surat, utilizing advanced textile technologies and environmentally-conscious equipment sourced from domestic and global suppliers. These facilities have seen significant capacity expansion, with Unit 1 commencing in FY 2021-22 (4.66 crore meters per annum), followed by Unit 2 in FY 2022-23 (8.94 crore meters), and Unit 3 in FY 2023-24 (9.72 crore meters). To support its continued growth, Borana Weaves is planning an Initial Public Offering (IPO) comprising 70,00,000 fresh equity shares. The IPO will enable the company to further capitalize on its manufacturing strengths, focus on industry demand, and enhance supply chain capabilities. As a player in the synthetic textile segment, Borana Weaves benefits from its strategic location in Surat, a hub for textile production in India. Potential traders should note the company's specialization in base textiles for value-added processing, its operational scalability, and its environmentally-conscious approach, positioning it as a key supplier in various high-demand industries. The IPO offers an opportunity to invest in a growing textile company with established production capabilities and a focus on scalability.
Website boranagroup.in
Founded 2020
Headquarters Surat