Borana Weaves IPO: A public problem of Rs 144.89 crore of cloth -making firm Borana Vivs goes to open on Might 20. A value band of Rs 205-216 per share has been mounted for this IPO. The lot measurement is 69 shares. The corporate mentioned in a press release that anchor buyers within the IPO will be capable of bid on Might 19. The closing of the difficulty can be on 22 Might. 67.08 lakh new shares can be issued in IPO. There can be no provide on the market. After the IPO is closed, the allotment can be finalized on 23 Might. This can be adopted by the itemizing of shares on BSE, NSE on 27 Might. Bine Capital Advisors are the e book working lead supervisor for this problem. Caffein Applied sciences are Registrar. How will the cash of IPO be used, the cash obtained from the Borana Weaves IPO can be used for growing the capability of grey material in Surat, organising a brand new manufacturing unit, assembly the rising wants of working capital and for basic firm functions. 75 % of the IPO is reserved for certified institutional patrons, 10 % for retail buyers and 15 % is reserved for non -institutional buyers. Borana Wives included in 2020 is within the manufacturing of artificial grey material with out bleaching. This material works as a elementary materials for additional processing resembling dyeing and printing in varied industries together with vogue, conventional textile, dwelling decor and inside design. Promoter of the corporate Mangilal Ambalal Borana, Ankur Mangilal Borana, Rajkumar Mangilal Borana, Sound Ankur Brana, Mangilal Ambalal Borana HUF, Ankur Mangilal Borana HUF, Rajkumar Mangilal Borana HUF, Rajkumar Mangilal HUF and Borana Philiatives Non-public Restricted. Worth band befell within the monetary place of the corporate, the income of Borana Weaves within the yr 2023-24 was Rs 199.60 crore. Pure income had been Rs 23.59 crore. Within the April-December 2024 interval, the corporate’s income was Rs 215.71 crore and web revenue was Rs 29.31 crore. Within the grey market, the corporate’s shares are buying and selling at a premium of Rs 216 to Rs 63 or 29.17 %. Disclaimer: Right here info offered is being given just for info. It’s needed to say right here that the funding market available in the market is topic to dangers. At all times seek the advice of specialists earlier than investing cash as an investor. There’s by no means recommendation to anybody to take a position cash on behalf of Moneycontrol.
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