Borana Weaves Ltd - IPO

Borana Weaves Ltd IPO Details

Initial public offering of 67,08,000* equity shares of face value of Rs. 10/- each (Equity Shares) of Borana Weaves Limited (Company or Issuer) for cash at a price of Rs. 216/- per equity share (including a share premium of Rs. 206/- per equity share) (Issue Price) aggregating to 144.89* crores ( Issue) comprising a fresh issue of 67,08,000* equity shares by the company aggregating to Rs. 144.89* crores ( Fresh Issue). The issue constitutes 25.18% of the post-issue paid-up equity share capital of the company.* Subject to finalisation of basis of allotment.

Objective of issue

Proposing to finance the cost of establishing a new mfg unit to expand its production capabilities to produce grey fabric at. Funding incremendtal working capital requirements. General corporate purposes.

Borana Weaves Ltd Contact Details

Borana Weaves Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - info@boranagroup.in

Website - https:, boranagroup.in