Borana Weaves IPO: Textile firm Borna Vivs Restricted has declared a worth band of Rs 205-216 per share for its upcoming public challenge (IPO). The corporate’s IPO will open for frequent traders on Might 20 and can shut on 22 Might. On the similar time, anchor traders can be bidding on Might 19. By this IPO, the corporate desires to lift ₹ 144.89 crore. This complete challenge of Borana Weaves is of recent fairness shares. This complete challenge of Borana Weaves is of recent fairness shares which embody 67.08 lakh fairness shares. The entire challenge measurement on the excessive finish of the value band can be Rs 144.89 crore. Of the quantity acquired, 71.35 crore rupees can be allotted to determine a brand new manufacturing facility to extend the manufacturing capability of grey material in Gujarat. The Rs 26.5 crore acquired from the problem can be used to satisfy the working capital necessities. This would be the IPO of this IPO’s complete timelineborrana Vivs will be subscribed from 20 to 22 Might. After its subscription, the allotment of shares can be on Might 23. Thereafter, the return of fairness shares and credit score will start on 26 Might. The corporate’s shares are to be listed in inventory exchanges on Might 27. What does the corporate do? Borna Vivs Restricted is in Head Workplace Surat. The corporate is engaged within the manufacture of unbleded artificial grey material, which is a significant uncooked materials utilized in dyeing, printing and different downstream processes in areas comparable to style, conventional and technical textiles, dwelling decorations and inside designs. The corporate additionally produces polyester texcharged yarn, which is obtained from heating polyester oriented yarn, is a major enter for grey material manufacturing. Associated newsborna Vives at present operates three manufacturing items in Gujarat. The entire capability of the three items in grey material and polyester texcharged yarn manufacturing is 233.28 million meters per yr. What had been the ends in the current outcomes? For a 9 -month interval ended on December 2024, the corporate made a web revenue of Rs 211.61 crore and a web revenue of Rs 29.31 crore. For the monetary yr of 2023-24, the income stood at Rs 199.06 crore, which is way larger than the earlier yr’s Rs 135.40 crore. With this, the online revenue of the corporate elevated from Rs 16.30 crore to Rs 23.59 crore.
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