Bhadora Industries Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

04 Aug 2025

Close Date

06 Aug 2025

Allotment

07 Aug 2025

Listing Date

11 Aug 2025

Exchange

NSE SME

Price Band

₹103

Listing Price

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Allotment Status

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Price Band

₹103

Per share

Face Value

₹10 per share

Lot Size

1,200 Shares

per lot

Issue Size

54,00,000 shares (aggregating up to ₹55.62 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹123,600

1 lot

Pre-IPO Holding

1,32,00,000 shares

Promoters

Post-IPO Holding

1,86,00,000 shares

Promoters

P/E (Pre)

12.6x

P/E (Post)

17.76x

EPS (Pre)

₹8.17

EPS (Post)

₹5.80

UPI Deadline

2025-08-06

Mandate

Anchor AllotmentSun, 03 Aug 2025

Basis of AllotmentThu, 07 Aug 2025

Refund InitiationFri, 08 Aug 2025

Demat CreditFri, 08 Aug 2025

Listing DayMon, 11 Aug 2025

UPI Mandate Deadline2025-08-06

Sale TypeFresh Capital

Net Offer to Public51,26,400 shares (aggregating up to ₹52.80 Cr)

Market Maker Quota2,73,600 shares (aggregating up to ₹2.82 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Bhadora Industries Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 06 Aug 2025.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	273,600	—	₹2.82
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	5,400,000	100%	₹55.62

IPO Shares Offered

Bhadora Industries Ltd. IPO total issue size: ₹55.62 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	273,600	₹2.82	5.07%
Total	5,400,000	₹55.62	100.00%

* Based on upper price band ₹103 per share

Lot Size & Investment

Lot Size

1,200

Shares per Lot

Issue Price

₹103.00

Upper Band

Min Investment

₹123,600

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,400	₹247,200
Retail (Max — 13 Lots)	13	15,600	₹1,606,800
S-HNI (Min — 14 Lots)	14	16,800	₹1,730,400
B-HNI (Min — 68 Lots)	68	81,600	₹8,404,800

* Issue Price ₹103 × Lot Size 1,200 shares

IPO Schedule

Anchor

03 Aug 2025

✓ Done

IPO Open

04 Aug 2025

✓ Done

IPO Close

06 Aug 2025

✓ Done

Allotment

07 Aug 2025

✓ Done

Refunds

08 Aug 2025

✓ Done

Demat Credit

08 Aug 2025

✓ Done

Listing Day

11 Aug 2025

✓ Done

₹103.00

INR · NSE

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Issue ₹103.00 Live Price

About Bhadora Industries Ltd.

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 StrengthVisionary Leadership and Management.Approved Vendor in Government Schemes.Highest standards of quality across our products, processes, and materials.Sustainable Business Operations.

Objects of the Issue

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”)

2 Funding working capital requirements of the Company

3 General Corporate Purposes

Bhadora Industries Ltd. Financials (Amount in Crore)

Revenue from Operations

₹18.8

31 Mar 2023

₹83.3

31 Mar 2024

₹110.7

31 Mar 2025

Profit After Tax (PAT)

₹0.2

31 Mar 2023

₹5.0

31 Mar 2024

₹10.8

31 Mar 2025

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Revenue from Operations	110.69	83.27	18.81
EBITDA	16.98	6.79	1.04
Profit After Tax (PAT)	10.79	4.96	0.18
Net Worth	20.94	10.15	5.20
Total Assets	48.76	25.87	20.13
Reserves & Surplus	7.74	8.50	3.55
Borrowings	19.67	9.47	10.13
EBITDA Margin (%)	15.42%	—	—
PAT Margin (%)	9.80%	—	—

P/BV Ratio

6.49

RoE

51.51%

RoCE

42.41%

RoNW

51.51%

PAT Margin

9.80%

EBITDA Margin

15.42%

Debt/Equity

0.94

Issue Structure & Shareholding

Total Shares Offered54,00,000 (100.00%)

Net Offer to Public51,26,400 shares (aggregating up to ₹52.80 Cr)

Reserved for Market Maker2,73,600 shares (aggregating up to ₹2.82 Cr)

Pre-Issue Promoter Holding1,32,00,000 shares

Post-Issue Promoter Holding1,86,00,000 shares

P/BV Ratio6.49

RoE51.51%

RoCE42.41%

Debt / Equity0.94

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270

bhadora.ipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html

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Book Running Lead Managers

Unistone Capital Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Bhadora Industries Ltd. IPO subscribed? ▲

Bhadora Industries Ltd. IPO is subscribed 1.00 times by Aug 06, 2025. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Bhadora Industries Ltd. IPO retail subscription status? ▼

The Bhadora Industries Ltd. IPO retail category is subscribed 1.00 times as of 06 Aug 2025. The retail portion is oversubscribed.

How to subscribe Bhadora Industries Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 04 Aug 2025 and closes 06 Aug 2025. Min investment: ₹123,600 (1 lot = 1,200 shares). UPI mandate: 2025-08-06.

How many times Bhadora Industries Ltd. IPO subscribed? ▼

The Bhadora Industries Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Bhadora Industries Ltd. IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 07 Aug 2025. Refunds: on 08 Aug 2025.

When Bhadora Industries Ltd. IPO will be listed? ▼

The Bhadora Industries Ltd. IPO listing date is 11 Aug 2025, Monday. Listed on: NSE SME. Issue price: ₹103. Estimated listing: ₹103. GMP: NIL.

When Bhadora Industries Ltd. IPO close? ▼

The Bhadora Industries Ltd. IPO closes on 06 Aug 2025, Wednesday. UPI mandate: 2025-08-06. Allotment: 07 Aug 2025. Listing: 11 Aug 2025.

Quick Actions

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Live Price LIVE

Last Price₹103.00

Change—

Issue Price₹103.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹103

Face Value₹10

Lot Size1,200 Sh

Min. Amount₹123,600

GMPNIL

Est. Listing₹103

Subscribed1.00x

Open Date04 Aug 2025

Close Date06 Aug 2025

Allotment07 Aug 2025

Listing Date11 Aug 2025

ExchangeNSE SME

UPI Deadline2025-08-06