Borana Weaves Ltd - IPO

Borana Weaves Ltd IPO Details

<p class=MsoNormal><span style=font-size:11.0pt;font-family:arial,sans-serif>Initialpublic offering of up to 67,08,000 equity shares of face value of Rs.10/- each(Equity Shares) of Borana Weaves Limited (Company or Issuer) for cash ata price of Rs. [*] per equity share (including a share premium of Rs. [*] perequity share) (Issue Price) Aggregating up to [*] crores ( Issue)comprising a fresh issue of up to 67,08,000 equity shares by the companyaggregating up to Rs. [*] crores ( Fresh Issue). The issue shall constitute [*] %of the post-issue paid-up equity share capital of the company.<o:p /></span></p><p class=MsoNormal><font face=arial, sans-serif><span style=font-size: 14.6667px;>Price Band Rs. 205 to Rs. 216 per equity shares of face value of&nbsp; Rs. 10&nbsp; each.</span></font></p><p class=MsoNormal><font face=arial, sans-serif><span style=font-size: 14.6667px;>The floor price is 20.5 time of the face value of the equity shares and the cap price is 21.6 times of the face value of the equity shares.</span></font></p><p class=MsoNormal><font face=arial, sans-serif><span style=font-size: 14.6667px;>Bids can be made for a minimum of 69 equity shares in multiples of 69 equity shares.</span></font></p>

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