Borana Weaves files DRHP with Sebi for IPO

Borana Weaves Limited, a Surat-based synthetic grey fabric manufacturer, has filed its DRHP for an IPO. The proceeds will be used to fund a new manufacturing unit and for general corporate purposes. The company reported revenue of Rs 199 crore and a profit of Rs 23.59 crore for the year ended March 2024.