Borana Weaves IPO Explained.

What’s Happening? Borana Weaves Ltd is coming out with its IPO (Initial Public Offering) — which means the company is offering its shares to the public for the first time. IPO Dates: - Opens: May 20 - Closes: May 22 - Listing Date (expected): May 27 Price Band: - Each share will cost between ₹205 to ₹216. - You can choose your bid price within this range. How Big is the IPO? - Borana Weaves is offering 67.08 lakh shares. - At the highest price (₹216), the company will raise ₹144.89 crore. Where Will the Money Go? Here’s how the company plans to use the money raised: ✅ ₹71.35 crore – To build a new factory in Gujarat. ✅ ₹26.5 crore – To meet daily business needs (working capital). ✅ Rest – General corporate purposes. About the Company: - Based in Surat, Gujarat - Makes unbleached (grey) synthetic fabric – used in making clothes, home decor, technical textiles, etc. - Also makes polyester textured yarn – used to produce fabric - Already has 3 factories with big production capacity Financials (in simple terms): Revenue (Sales): • 2023–24: ₹199.06 crore • 2022–23: ₹135.40 crore Profit: • 2023–24: ₹23.59 crore • 2022–23: ₹16.30 crore For 9 months ending Dec 2024: • Revenue: ₹211.61 crore • Profit: ₹29.31 crore Lead Manager: - The IPO is being managed by Beeline Capital Advisors. Should You Apply? Not financial advice! But you can look at the company's growth, profits, and plans, then decide. Always do your research or talk to a financial advisor before investing.