Bhadora Industries IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Aug 04 to Aug 06 2025
Price Band
₹103
Current GMP
₹101(-1.94%)
Subscription
0.96 times
IPO Details
| IPO Date | August 4, 2025 to August 6, 2025 |
| Listing Date | August 11, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹103 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 54,00,000 shares (aggregating up to ₹55.62 Cr) |
| Reserved for Market Maker | 2,73,600 shares (aggregating up to ₹2.82 Cr)NNM Securities Private Limited |
| Net Offered to Public | 51,26,400 shares (aggregating up to ₹52.80 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,32,00,000 shares |
| Share Holding Post Issue | 1,86,00,000 shares |
IPO Date
August 4, 2025 to August 6, 2025
Listing Date
August 11, 2025
Face Value
₹10 per share
Issue Price
₹103 per share
Lot Size
1,200 Shares
Sale Type
Fresh Capital
Total Issue Size
54,00,000 shares (aggregating up to ₹55.62 Cr)
Reserved for Market Maker
2,73,600 shares (aggregating up to ₹2.82 Cr)NNM Securities Private Limited
Net Offered to Public
51,26,400 shares (aggregating up to ₹52.80 Cr)
Issue Type
Bookbuilding IPO
Listing At
NSE SME
Share Holding Pre Issue
1,32,00,000 shares
Share Holding Post Issue
1,86,00,000 shares
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 0.68 |
| Non-Institutional Buyers*** | 1.28 |
| bNII (bids above ₹10L) | 1.18 |
| sNII (bids below ₹10L) | 1.49 |
| Individual Investors (IND category bidding for 2 Lots) | 0.98 |
| Total ** | 0.96 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
0.68
Non-Institutional Buyers***
1.28
bNII (bids above ₹10L)
1.18
sNII (bids below ₹10L)
1.49
Individual Investors (IND category bidding for 2 Lots)
0.98
Total **
0.96
Day Wise Sub
| Day | QIB | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Day 1 Aug 4, 2025 | 0.00 | 0.38 | 0.53 | 0.07 | 0.09 | 0.13 |
| Day 2 Aug 5, 2025 | 0.00 | 0.08 | 0.06 | 0.10 | 0.21 | 0.12 |
| Day 3 Aug 6, 2025 | 0.68 | 1.28 | 1.18 | 1.49 | 0.98 | 0.96 |
DayDay 1
Aug 4, 2025
QIB0.00
NII*0.38
NII (> ₹10L)0.53
NII (< ₹10L)0.07
Individual Investors0.09
Total0.13
DayDay 2
Aug 5, 2025
QIB0.00
NII*0.08
NII (> ₹10L)0.06
NII (< ₹10L)0.10
Individual Investors0.21
Total0.12
DayDay 3
Aug 6, 2025
QIB0.68
NII*1.28
NII (> ₹10L)1.18
NII (< ₹10L)1.49
Individual Investors0.98
Total0.96
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 11-08-2025 | 103.00 | 0(0.00%) | 103 |
| 10-08-2025 | 103.00 | 0(0.00%) | 103 |
| 09-08-2025 | 103.00 | 0(0.00%) | 103 |
| 08-08-2025 | 103.00 | 0(0.00%) | 103 |
| 07-08-2025 | 103.00 | 0(0.00%) | 103 |
| 06-08-2025 | 103.00 | 0(0.00%) | 103 |
| 05-08-2025 | 103.00 | 1(0.97%) | 104 |
| 04-08-2025 | 103.00 | 1(0.97%) | 104 |
| 03-08-2025 | 103.00 | 1(0.97%) | 104 |
| 02-08-2025 | 103.00 | 0(0.00%) | 103 |
| 01-08-2025 | 103.00 | 0(0.00%) | 103 |
| 31-07-2025 | 103.00 | 0(0.00%) | 103 |
| 30-07-2025 | 103.00 | 0(0.00%) | 103 |
Date11-08-2025
Price103.00
GMP0(0.00%)
Estimate List Price103
Date10-08-2025
Price103.00
GMP0(0.00%)
Estimate List Price103
Date09-08-2025
Price103.00
GMP0(0.00%)
Estimate List Price103
Date08-08-2025
Price103.00
GMP0(0.00%)
Estimate List Price103
Date07-08-2025
Price103.00
GMP0(0.00%)
Estimate List Price103
Date06-08-2025
Price103.00
GMP0(0.00%)
Estimate List Price103
Date05-08-2025
Price103.00
GMP1(0.97%)
Estimate List Price104
Date04-08-2025
Price103.00
GMP1(0.97%)
Estimate List Price104
Date03-08-2025
Price103.00
GMP1(0.97%)
Estimate List Price104
Date02-08-2025
Price103.00
GMP0(0.00%)
Estimate List Price103
Date01-08-2025
Price103.00
GMP0(0.00%)
Estimate List Price103
Date31-07-2025
Price103.00
GMP0(0.00%)
Estimate List Price103
Date30-07-2025
Price103.00
GMP0(0.00%)
Estimate List Price103
IPO Important Dates
| IPO Open Date | Mon, Aug 4, 2025 |
| IPO Close Date | Wed, Aug 6, 2025 |
| Tentative Allotment | Thu, Aug 7, 2025 |
| Initiation of Refunds | Fri, Aug 8, 2025 |
| Credit of Shares to Demat | Fri, Aug 8, 2025 |
| Tentative Listing Date | Mon, Aug 11, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 6, 2025 |
IPO Open Date
Mon, Aug 4, 2025
IPO Close Date
Wed, Aug 6, 2025
Tentative Allotment
Thu, Aug 7, 2025
Initiation of Refunds
Fri, Aug 8, 2025
Credit of Shares to Demat
Fri, Aug 8, 2025
Tentative Listing Date
Mon, Aug 11, 2025
Cut-off time for UPI mandate confirmation
5 PM on August 6, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,47,200 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,47,200 |
| S-HNI (Min) | 3 | 3,600 | ₹3,70,800 |
| S-HNI (Max) | 8 | 9,600 | ₹9,88,800 |
| B-HNI (Min) | 9 | 10,800 | ₹11,12,400 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares2,400
Amount₹2,47,200
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares2,400
Amount₹2,47,200
ApplicationS-HNI (Min)
Lots3
Shares3,600
Amount₹3,70,800
ApplicationS-HNI (Max)
Lots8
Shares9,600
Amount₹9,88,800
ApplicationB-HNI (Min)
Lots9
Shares10,800
Amount₹11,12,400
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 48.76 | 25.87 | 20.13 |
| Total Income | 110.69 | 83.27 | 18.81 |
| Profit After Tax | 10.79 | 4.96 | 0.18 |
| EBITDA | 16.98 | 6.79 | 1.04 |
| Net Worth | 20.94 | 10.15 | 5.20 |
| Reserves and Surplus | 7.74 | 8.50 | 3.55 |
| Total Borrowing | 19.67 | 9.47 | 10.13 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 202548.76
31 Mar 202425.87
31 Mar 202320.13
Period EndedTotal Income
31 Mar 2025110.69
31 Mar 202483.27
31 Mar 202318.81
Period EndedProfit After Tax
31 Mar 202510.79
31 Mar 20244.96
31 Mar 20230.18
Period EndedEBITDA
31 Mar 202516.98
31 Mar 20246.79
31 Mar 20231.04
Period EndedNet Worth
31 Mar 202520.94
31 Mar 202410.15
31 Mar 20235.20
Period EndedReserves and Surplus
31 Mar 20257.74
31 Mar 20248.50
31 Mar 20233.55
Period EndedTotal Borrowing
31 Mar 202519.67
31 Mar 20249.47
31 Mar 202310.13
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) |
|---|---|---|---|---|---|
| Bhadora Industries Limited | 8.17 | 8.17 | 15.86 | 51.51 | |
| Dynamic Cables Ltd | 27.13 | 27.13 | 157.51 | 16.59 | 17.34 |
| Dcg Cables & Wires Limited | 4.46 | 4.46 | 43.56 | 16.32 | 10.24 |
Company NameBhadora Industries Limited
EPS (Basic)8.17
EPS (Diluted)8.17
NAV (per share) (Rs)15.86
P/E (x)
RoNW (%)51.51
Company NameDynamic Cables Ltd
EPS (Basic)27.13
EPS (Diluted)27.13
NAV (per share) (Rs)157.51
P/E (x)16.59
RoNW (%)17.34
Company NameDcg Cables & Wires Limited
EPS (Basic)4.46
EPS (Diluted)4.46
NAV (per share) (Rs)43.56
P/E (x)16.32
RoNW (%)10.24
IPO Reservation
| Market Maker Shares Offered | 2,73,600 (5.07%) |
| QIB Shares Offered | 25,53,600 (47.29%) |
| − Anchor Investor Shares Offered | 15,31,200 (28.36%) |
| − QIB (Ex. Anchor) Shares Offered | 10,22,400 (18.93%) |
| NII (HNI) Shares Offered | 7,77,600 (14.40%) |
| − bNII > ₹10L | 5,18,400 (9.60%) |
| − sNII < ₹10L | 2,59,200 (4.80%) |
| Retail Shares Offered | 17,95,200 (33.24%) |
| Total Shares Offered | 54,00,000 (100.00%) |
Market Maker Shares Offered
2,73,600 (5.07%)
QIB Shares Offered
25,53,600 (47.29%)
− Anchor Investor Shares Offered
15,31,200 (28.36%)
− QIB (Ex. Anchor) Shares Offered
10,22,400 (18.93%)
NII (HNI) Shares Offered
7,77,600 (14.40%)
− bNII > ₹10L
5,18,400 (9.60%)
− sNII < ₹10L
2,59,200 (4.80%)
Retail Shares Offered
17,95,200 (33.24%)
Total Shares Offered
54,00,000 (100.00%)
Information about company
Incorporated in April 1986, Bhadora Industries Limited manufactures industrial cables for efficient electricity transmission and distribution, serving government discoms and EPC companies across various industrial sectors. The company operates under the brand name of "Vidhut Cables".
The product portfolio of the company includes Polyvinyl Chloride (PVC) cables Low Voltage (LV) cables, LT Aerial Bunched Cables and Cross-Linked Polyethylene (XLPE) cables.
The company's manufacturing facility is accredited by the Bureau of Indian Standards (BIS) and certified in Quality Management (BIS ISO 9001:2015), Environmental Management (ISO 14001:2015), and Occupational Health and Safety (ISO 45001:2018).
The company sells its products in the states of Andhra Pradesh, Assam,Bihar, Chhattisgarh, Delhi, Haryana, Himachal Pradesh, J&K, Jharkhand, Kerala, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Telangana, Uttar Pradesh and Uttarakhand.
The company supply its products to State Electricity Boards, domestic and EPC companies across India.
The company's manufacturing unit is located in Tikamgarh, Madhya Pradesh covering an area of 15028 Square Feet.
As of June 30, 2025, the company had 87 employees in various departments.
Competitive Strength
Visionary Leadership and Management.
Approved Vendor in Government Schemes.
Highest standards of quality across our products, processes, and materials.
Sustainable Business Operations.
Objectives of IPO
The Company Bhadora Industries IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
1
Part finance the cost of establishing new manufacturing facility to expand our production capabilities of cables at Plot Nos. 188/1, Village Panwa Tehsil Kasrawad, District Khargone, Madhya Pradesh, India (“Proposed new facility”)
22.32
2
Funding working capital requirements of the Company
20.00
3
General Corporate Purposes
7.88
Disclaimer
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