B.D.Industries IPO
B.D.Industries IPO
Overview
B.D.Industries IPO is a bookbuilding of ₹45.36 crores. The issue is entirely a fresh issue of 42.00 lakh shares. B.D.Industries IPO opens for subscription on July 30, 2025 and closes on August 1, 2025. The allotment for the B.D.Industries IPO is expected to be finalized on Monday, August 4, 2025. B.D.Industries IPO will be list on BSE SME with a tentative listing date fixed as Wednesday, August 6, 2025. B.D.Industries IPO price band is set at ₹102 to ₹108 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,44,800 (2,400 shares). The minimum lot size investment for HNI is 3 lots (3,600 shares) amounting to ₹3,88,800. Aryaman Financial Services Limited is the book-running lead manager of the B.D.Industries IPO, while Cameo Corporate Services Limited is the registrar for the issue.The market maker for B.D.Industries IPO is Aryaman Capital Markets Limited.
Total Shares
42,00,000
Issue Size
₹45.36 Cr
Price Band
₹102 – ₹108
Lot Size
1200 shares
Min. Investment
₹2,59,200
Max. Investment
₹2,59,200
Open Date
30 Jul, 2025
Close Date
01 Aug, 2025
Allotment
04 Aug, 2025
Listing
06 Aug, 2025
Max. Investment
₹2,59,200
Announced
30 Jul, 2025
Opening Date
30 Jul, 2025
Closing Date
01 Aug, 2025
Basis of Allotment
04 Aug, 2025
Initiation of Refunds
05 Aug, 2025
Credit of Shares
05 Aug, 2025
Listing Date
06 Aug, 2025
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About B.D.Industries IPO
Incorporated in 1984, B. D. Industries (Pune) Limited specializes in the manufacturing of rotationally molded plastic products.
The company manufactures plastic fuel tanks for off-road vehicles, urea tanks, fenders, hydraulic tanks, air ducts, mudguards, cabin roofs, and products for various industries like safety, healthcare, and marine.
The company operates three manufacturing facilities in Pune, Dewas, and Hoshiarpur, with a fourth under construction in Zaheerabad, Telangana, t
B.D.Industries IPO Share Price
Issue Breakdown
Shareholding
Dilution: 42.0% increase in shares
B.D.Industries IPO Promoters Holding
B.D.Industries IPO Financial Health
B.D.Industries (Pune) Ltd.'s revenue increased by 52% and profit after tax (PAT) rose by 156% between the financial year ending with March 31, 2025 and March 31, 2024.
B.D.Industries IPO Lot Size
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2400 | ₹2,59,200 |
| Individual investors (Retail) (Max) | 2 | 2400 | ₹2,59,200 |
| S-HNI (Min) | 3 | 3600 | ₹3,88,800 |
| S-HNI (Max) | 7 | 8400 | ₹9,07,200 |
| B-HNI (Min) | 8 | 9602 | ₹10,37,016 |
(All values in CR)
B.D.Industries IPO Valuations
The market capitalization of B.D.Industries IPO is ₹153.47 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROE | 43.86% |
| ROCE | 43.50 |
| Debt/Equity | 1.05 |
| RoNW | 35.97 |
| PAT Margin | 9.23 |
| EBITDA Margin | 18.92 |
| Price to Book Value | 6.42 |
(All values in CR)
B.D.Industries IPO Strength & Risk
B.D.Industries IPO Strength:
Growing revenue & profitability: Revenue rose from ₹48.9 cr in FY22 to ₹54.25 cr in FY24; PAT margin improved to 5.86% in FY24 and 7.76% (annualized) by Nov 2024.
Strong return ratios: ROE 23–23.5% in FY24; ROCE 24% as of Nov 2024.
Robust EBITDA margin: Expanded from 4.6% in FY22 to over 10.7% in FY24, and 16.9% on annualized basis by Nov 2024.
Scalable manufacturing model: Offers wide array of plastic components (fuel tanks, urea tanks, mudguards, cabins) across off‑road vehicle segment.
Experienced promoters & merchant banker support: Backed by Aryaman Financial Services, with a track record in plastics industry.
B.D.Industries IPO Risk:
High debt-to-equity leverage: Debt rose to ₹23.83 cr with D/E 1.42x by Nov 2024, increasing financial risk.
Geographic & client concentration: Majority of revenue relies on a few customers and regions across Maharashtra, MP, Punjab, Telangana, etc. which may expose business to localized shocks.
Cash flow concerns: History of negative operating cash flow in recent fiscals, making ongoing operations dependent on external financing.
Supply chain & forex risk: Reliance on a limited number of suppliers and exposure to foreign currency due to imports may lead to disruptions or cost volatility.
SME-board listing limitations: IPO is on BSE SME platform—liquidity may be low, minimum lot size large (~1,200–2,400 shares), and higher price volatility typical in SME listings.
B.D.Industries IPO Subscriptions Status
B.D.Industries IPO subscribed 1.09 times. The public issue subscribed 0.32 times in the individual investors category, 1.01 times in QIB, and 2.98 times in the NII category by July 30, 2025 5:04:43 PM (Day 1).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 11,95,200 | 11,95,200 | 12.908 |
| Qualified Institutions | 1.01 | 7,96,800 | 8,01,600 | 8.657 |
| Non-Institutional Buyers | 2.98 | 5,97,600 | 17,79,600 | 19.22 |
| bNII (bids above ₹10L) | 4.41 | 3,98,400 | 17,55,600 | 18.96 |
| sNII (bids below ₹10L) | 0.12 | 1,99,200 | 24,000 | 0.259 |
| Individual Investors (IND category bidding for 2 Lots) | 0.32 | 13,94,400 | 4,48,800 | 4.847 |
| Total | 1.09 | 27,88,800 | 30,30,000 | 32.724 |
B.D.Industries IPO GMP
B.D.Industries SME IPO last GMP is ₹0, last updated Jul 30th 2025 05:58 PM. With the price band of 108.00, B.D.Industries SME IPO's estimated listing price is ₹108 (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%.
Last updated 30 Jul, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 30 Jul, 2025 | 108 | ₹0 | - | ₹108 (0.00%) | - | 30 Jul, 2025 |
| 29 Jul, 2025 | 108 | ₹0 | - | ₹108 (0.00%) | - | 29 Jul, 2025 |
| 28 Jul, 2025 | 108 | ₹0 | - | ₹108 (0.00%) | - | 28 Jul, 2025 |
| 27 Jul, 2025 | 108 | ₹0 | - | ₹108 (0.00%) | - | 27 Jul, 2025 |
| 26 Jul, 2025 | 108 | ₹0 | - | ₹108 (0.00%) | - | 26 Jul, 2025 |
| 25 Jul, 2025 | 108 | ₹0 | - | ₹108 (0.00%) | - | 25 Jul, 2025 |
| 24 Jul, 2025 | 108 | ₹0 | - | ₹108 (0.00%) | - | 24 Jul, 2025 |
| 23 Jul, 2025 | 108 | ₹0 | - | ₹108 (0.00%) | - | 23 Jul, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for B.D.Industries IPO
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Go to IPO Section
Find B.D.Industries IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
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Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.