IPO Review : Borana Weaves Ltd
Borana Weaves Ltd has around 50 years of legacy in the Textile industry. It is one of the largest producers of greige polyester woven fabric, producing around 22 crores of high-quality synthetic fabrics with the help of cutting-edge technology and using sustainable manufacturing practices.
The company makes fabrics for garments, home textiles, upholstery, and more. Its vibrant, versatile materials are suitable for various purposes.
Worth to Apply : Borana Weaves Ltd IPO or not??
The research and information displayed here is from the official company website and other websites too. We have taken important data as key points to be known about the Borana Weaves Ltd IPO. In this blog you will find important details of the company and my personal review.
As compared to its peers, Borana Weaves Ltd is trending at price to earning ratio of 24.40 . My analysis says it is cheaper than its peers with the ROCE of around 35 in March 2024. As per the research, the net profit of the company are reported below:
Net Profit reported are in Crores.
| March 2022 | March 2023 | March 2024 |
| 2 | 16 | 24 |
Overall, I find Borana Weaves Ltd as a good IPO to be applied. However, please note that I am not an financial advisor. Nor I am applying for any IPO. Hence, I do not recommend any buy or sell. This information is for educational purposes only. Please check with your financial advisor in order to apply for the IPO.
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Investment Considerations
Investors should consider the following factors before investing:
- Growth Prospects: The textile industry is expected to grow, and Borana Weaves is well-positioned to capitalize on this trend.
- Financial Performance: The company has shown consistent revenue and profit growth.
- Market Conditions: The current Grey Market Premium suggests positive market sentiment
Conclusion:
Borana Weaves’ IPO presents an opportunity for investors to participate in the growth of a leading textile manufacturer with a strong financial track record and a commitment to sustainability.
With favorable market conditions and a promising outlook, this IPO could be a valuable addition to an investment portfolio. Open your free Angelone account today and unlock access to powerful trading tools, expert research on investments. Use my referral link to sign up in minutes Click here to open your Angelone account
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Disclaimer
This article is intended for informational purposes only and does not constitute Financial advice. Please note that I am not a financial advisor. Nor I am applying for any IPO. Hence, Please consult a certified Financial advisor before making a purchase, sell or investment decision.