Bhadora Industries IPO
Bhadora Industries IPO
Overview
Bhadora Industries IPO is a bookbuilding of ₹55.62 crores. The issue is entirely a fresh issue of 54.00 lakh shares. Bhadora Industries IPO opens for subscription on August 4, 2025 and closes on August 6, 2025. The allotment for the Bhadora Industries IPO is expected to be finalized on Thursday, August 7, 2025. Bhadora Industries IPO will be list on NSE SME with a tentative listing date fixed as Monday, August 11, 2025. Bhadora Industries IPO price band is set at ₹97 to ₹103 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,32,800 (2,400 shares). The minimum lot size investment for HNI is 3 lots (3,600 shares) amounting to ₹3,70,800. Unistone Capital Pvt Ltd is the book-running lead manager of the Bhadora Industries IPO, while MUFG Intime India Private Limited (Link Intime) is the registrar for the issue.The market maker for Bhadora Industries IPO is NNM Securities Private Limited.
Total Shares
54,00,000
Issue Size
₹55.62 Cr
Price Band
₹97 – ₹103
Lot Size
1200 shares
Min. Investment
₹2,47,200
Max. Investment
₹2,47,200
Open Date
04 Aug, 2025
Close Date
06 Aug, 2025
Allotment
07 Aug, 2025
Listing
11 Aug, 2025
Max. Investment
₹2,47,200
Announced
04 Aug, 2025
Opening Date
04 Aug, 2025
Closing Date
06 Aug, 2025
Basis of Allotment
07 Aug, 2025
Initiation of Refunds
08 Aug, 2025
Credit of Shares
08 Aug, 2025
Listing Date
11 Aug, 2025
Apply via UPI in 5 minutes
Choose your broker • Zero commission on IPO
About Bhadora Industries IPO
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 compan
Bhadora Industries IPO Share Price
Issue Breakdown
Shareholding
Dilution: 40.9% increase in shares
Bhadora Industries IPO Promoters Holding
Bhadora Industries IPO Financial Health
Bhadora Industries Ltd.'s revenue increased by 33% and profit after tax (PAT) rose by 118% between the financial year ending with March 31, 2025 and March 31, 2024.
Bhadora 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 | ₹2,47,200 |
| Individual investors (Retail) (Max) | 2 | 2400 | ₹2,47,200 |
| S-HNI (Min) | 3 | 3600 | ₹3,70,800 |
| S-HNI (Max) | 8 | 9600 | ₹9,88,800 |
| B-HNI (Min) | 9 | 10800 | ₹11,12,400 |
(All values in CR)
Bhadora Industries IPO Valuations
The market capitalization of Bhadora Industries IPO is ₹191.58 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROE | 51.51% |
| ROCE | 42.41% |
| Debt/Equity | 0.94 |
| RoNW | 51.51% |
| PAT Margin | 9.80% |
| EBITDA Margin | 15.42% |
| Price to Book Value | 6.49 |
(All values in CR)
Bhadora Industries IPO Strength & Risk
Bhadora Industries IPO Strength:
Approved vendor for multiple government power projects and electricity boards, supporting reliability and long-term contracts.
Experienced leadership with over three decades in cable manufacturing under the “Vidhut Cables” brand.
Diverse product portfolio: PVC, XLPE, LT aerial-bunched and LV cables catering to broad transmission and distribution needs.
Certified and compliant manufacturing standards (ISO 9001, ISO 14001, ISO 45001; BIS‑licensed facility).
Proven revenue and profitability growth in recent years, reflecting improving margins and rising scale.
Bhadora Industries IPO Risk:
Significant concentration risk from top customers—loss of major clients could hurt business.
Heavy reliance on EPC contractors; any slowdown or tender loss in that segment may impact sales sharply.
Raw material costs (especially copper, aluminum) form a large expense share; price volatility or supplier issues can squeeze margins.
Single manufacturing unit implies operational risk—facilities disruption or expansion delays could affect capacity.
High industry competition and tight performance standards mean failing delivery or quality could damage reputation or contracts.
Bhadora Industries IPO Subscriptions Status
Bhadora Industries IPO subscribed 0.96 times. The public issue subscribed 0.98 times in the individual investors category, 0.68 times in QIB, and 1.28 times in the NII category by August 6, 2025 6:19:02 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 15,31,200 | 15,31,200 | 15.771 |
| Market Maker | 1.00 | 2,73,600 | 2,73,600 | 2.818 |
| Qualified Institutions | 0.68 | 10,22,400 | 6,96,000 | 7.169 |
| Non-Institutional Buyers | 1.28 | 7,77,600 | 9,97,200 | 10.271 |
| bNII (bids above ₹10L) | 1.18 | 5,18,400 | 6,12,000 | 6.304 |
| sNII (bids below ₹10L) | 1.49 | 2,59,200 | 3,85,200 | 3.968 |
| Individual Investors (IND category bidding for 2 Lots) | 0.98 | 17,95,200 | 17,56,800 | 18.095 |
| Total | 0.96 | 35,95,200 | 34,50,000 | 35.535 |
Bhadora Industries IPO GMP
Bhadora Industries SME IPO last GMP is ₹0, last updated Aug 8th 2025 04:55 PM. With the price band of 103.00, Bhadora Industries SME IPO's estimated listing price is ₹103 (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%.
Last updated 08 Aug, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 08 Aug, 2025 | 103 | ₹0 | - | ₹103 (0.00%) | - | 08 Aug, 2025 |
| 07 Aug, 2025 | 103 | ₹0 | - | ₹103 (0.00%) | - | 07 Aug, 2025 |
| 06 Aug, 2025 | 103 | ₹0▼ | - | ₹103 (0.00%) | - | 06 Aug, 2025 |
| 05 Aug, 2025 | 103 | ₹1 | 900 | ₹104 (0.97%) | 1200 | 05 Aug, 2025 |
| 04 Aug, 0205 | 103 | ₹1 | 900 | ₹104 (0.97%) | 1200 | 04 Aug, 2025 |
| 03 Aug, 2025 | 103 | ₹1▲ | 900 | ₹104 (0.97%) | 1200 | 03 Aug, 2025 |
| 02 Aug, 2025 | 103 | ₹0 | - | ₹103 (0.00%) | - | 02 Aug, 2025 |
| 01 Aug, 2025 | 103 | ₹0 | - | ₹103 (0.00%) | - | 01 Aug, 2025 |
| 31 Jul, 2025 | 103 | ₹0 | - | - | - | 31 Jul, 2025 |
| 30 Jul, 2025 | 103 | ₹0 | - | - | - | 30 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 Bhadora Industries IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Bhadora Industries IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.