The Bhadora Industries IPO represents a book building process amounting to ₹55.62 crores. This issue consists entirely of a new offering of 54.00 lakh shares.
The subscription period for the Bhadora Industries IPO commences on August 4, 2025, and concludes on August 6, 2025. The allotment for this IPO is anticipated to be finalized on Thursday, August 7, 2025. Furthermore, the Bhadora Industries IPO is scheduled to be listed on the NSE SME, with a provisional listing date set for Monday, August 11, 2025.
The price band for the Bhadora Industries IPO is established between ₹97 and ₹103 per share. The application lot size is 1,200 shares. An individual retail investor is required to make a minimum investment of ₹2,32,800, which corresponds to 2,400 shares. For high net worth individuals (HNIs), the minimum investment involves 3 lots (3,600 shares), totaling ₹3,70,800.
Unistone Capital Pvt Ltd serves as the book-running lead manager for the Bhadora Industries IPO, while MUFG Intime India Private Limited (Link Intime) acts as the registrar for the issue. The market maker for the Bhadora Industries IPO is NNM Securities Private Limited.
For comprehensive details, please refer to the Bhadora Industries IPO Red Herring Prospectus (RHP).
Bhadora Industries IPO Details
| IPO Date | August 4, 2025 to August 6, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹97 to ₹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 NNM Securities Private Limited |
| Net Offered to Public | 51,26,400 shares (aggregating up to ₹52.80 Cr) |
| Issue Type | Book building IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,32,00,000 shares |
| Share Holding Post Issue | 1,86,00,000 shares |
Bhadora Industries IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII Shares Offered | Not more than 15% of the Net Issue |
Bhadora Industries IPO Timeline (Tentative Schedule)
Bhadora Industries IPO opens on August 4, 2025, and closes 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 |
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 | 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 |
Bhadora Industries IPO Promoter Holding
The Promoters of the company are Shashank Bhadora, Pradeep Bhadora and Anil Bhadora.
| Share Holding Pre Issue | 92.42% |
| Share Holding Post Issue | 65.59% |
Bhadora Industries Ltd. Financial Information (Restated)
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.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 48.76 | 25.87 | 20.13 |
| Revenue | 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 |
| Amount in ₹ Crore | |||
Key Performance Indicator (KPI)
The market capitalization of Bhadora Industries IPO is ₹191.58 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| 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 |
About Bhadora Industries Ltd.
Founded in April 1986, Bhadora Industries Limited specializes in the production of industrial cables designed for effective electricity transmission and distribution, catering to government discoms and EPC firms across diverse industrial sectors. The company operates under the brand name "Vidhut Cables".
The company's product range includes Polyvinyl Chloride (PVC) cables, Low Voltage (LV) cables, LT Aerial Bunched Cables, and Cross-Linked Polyethylene (XLPE) cables.
Bhadora Industries' manufacturing facility is recognized by the Bureau of Indian Standards (BIS) and holds certifications in Quality Management (BIS ISO 9001:2015), Environmental Management (ISO 14001:2015), and Occupational Health and Safety (ISO 45001:2018).
The company distributes its products across the states of Andhra Pradesh, Assam, Bihar, Chhattisgarh, Delhi, Haryana, Himachal Pradesh, Jammu & Kashmir, Jharkhand, Kerala, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Telangana, Uttar Pradesh, and Uttarakhand.
Bhadora Industries supplies its products to State Electricity Boards, as well as domestic and EPC companies throughout India.
The manufacturing unit is situated in Tikamgarh, Madhya Pradesh, encompassing an area of 15,028 square feet.
As of June 30, 2025, the company employed 87 individuals across various departments.
Visionary Leadership and Management.
Approved Vendor in Government Schemes.
Commitment to the highest quality standards in our products, processes, and materials.
Sustainable Business Operations.