Borana Weaves IPO

Borana Weaves is a textile manufacturing company based in Surat, Gujarat. The company is primarily engaged in producing unbleached synthetic grey fabric, which is commonly used as a base material for dyeing and printing across various industries such as fashion, home décor, and technical textiles. Borana Weaves also manufactures polyester textured yarn, derived from polyester oriented yarn, which is also used in grey fabric production. The company operates three manufacturing units located in the Hojiwala Industrial Estate in Sachin, Surat, Gujarat. Its registered office is also located in Surat. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the issue will go to the company. They will be utilised for the following purposes: To finance the cost of establishing a new manufacturing unit for grey fabric production in Surat. To fund incremental working capital requirements. For general corporate purposes.;