BMW Ventures
September 24, 2025 – September 26, 2025
| Price | ₹94 - ₹99 |
| GMP Rumors * | ₹0 |
|---|---|
| Lot size | 151 |
| Allotment | Sep 29, 2025 |
| Listing | Oct 1, 2025 |
BMW Ventures Subscription
Last updated on 26-Sep-2025 17:13:08
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 234000 | 724045 | 3.09 |
| HNIs | 5616000 | 17018455 | 3.03 |
| HNIs 10+ | 3744000 | 12774902 | 3.41 |
| HNIs 2+ | 1872000 | 4243553 | 2.27 |
| Retail | 17550000 | 17425098 | 0.99 |
| Total | 23400000 | 35167598 | 1.5 |
Application-Wise Breakup (Approx. no. of Apps) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 1771 | 116 | 0.07 |
| HNIs (2-10L) | 886 | 1972 | 2.23 |
| Retail | 116225 | 99897 | 0.86 |
| Total Applications: 101985 | |||
| © IPO Premium | |||
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 2.32 | 7.17 | 3.09 |
| FIIs | - | 7 | - |
| DIIs | - | 0 | - |
| Mutual funds | - | 0 | - |
| Others | - | 0.17 | - |
| HNIs | 55.6 | 168.48 | 3.03 |
| HNIs 10+ | 37.07 | 126.47 | 3.41 |
| HNIs 2+ | 18.53 | 42.01 | 2.27 |
| Retail | 173.75 | 172.51 | 0.99 |
| Total | 231.66 | 348.16 | 1.5 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.4 | @8% ₹0.5 | @9% ₹0.5 | @10% ₹0.6 | @11% ₹0.6 | @12% ₹0.7 |
BMW Ventures Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 151 | 14949 | 116225 |
| sHNI | 14 | 2114 | 209286 | 886 |
| bHNI | 67 | 10117 | 1001583 | 1771 |
BMW Ventures Reservation
| Category | Shares Offered | % |
|---|---|---|
| QIB | 234000 | 1% |
| HNI | 5616000 | 24% |
| Retail | 17550000 | 75% |
| Total | 23400000 | 100% |
BMW Ventures About
BMW Ventures IPO Details
| Issue Size | 2,34,00,000 shares (aggregating up to ₹231.66 Cr) |
| Fresh Issue | 2,34,00,000 shares (aggregating up to ₹ 231.66Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 6,33,15,000 Equity Shares |
| Share Holding Post Issue | 8,67,15,000 Equity Shares |
Key Performance Indicator (KPI)
| KPI | FISCAL-25 | FISCAL-24 | FISCAL-23 |
|---|---|---|---|
| ROE | 15.62% | 16.03% | 20.87% |
| ROCE | 12.80% | 11.68% | 14.31% |
| EPS (BASIC) | 5.18 | 4.73 | 5.16 |
| P/E Pre IPO | 19.1 | ||
| P/E Post IPO | 26.15 |
Financial Details (In ₹Crores)
| Period Ended | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Assets | 676.09 | 646.15 | 481.79 |
| Total Income | 2,067.33 | 1,942.03 | 2,018.12 |
| Profit After Tax | 32.82 | 29.94 | 32.66 |
| EBITDA | 87.39 | 72.56 | 67.85 |
| NET Worth | 146.8 | 186.71 | 156.48 |
| Total Borrowing | 428.39 | 395.3 | 283.58 |
Peer Comparison (Valuation)
| Company | P/E (x) | Face value (₹) |
|---|---|---|
| BMW Ventures Limited | - | 10 |
| Shiv Aum Steel Limited | 43.46 | 10 |
Peer Comparison (Financial Performance)
| Company | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|
| BMW Ventures Limited | 16.54 | 5.18 |
| Shiv Aum Steel Limited | 8.36 | 7.11 |
About Company
Established: 1996
Business: Distribution of long & flat steel products and tractor engines/spare parts in Bihar
Product Portfolio: TMT Bars, GI/HR/CR Sheets, GP Sheets, Color Coated Sheets, Wire Rods, Pipes, Hollow Sections, Doors, Screws, Tractor Engines & Spares
Manufacturing & Fabrication:
Pre-Engineered Buildings (PEB)
PVC Pipes
RDSO-approved Steel Girders (for Indian Railways bridges in Bihar)
Industries Served: Construction, Automotive, General Engineering
Market Presence: Dealer network of 1,000+ dealers, catering to 29 out of 38 districts in Bihar
Suppliers: Sources steel exclusively from Primary Supplier in Bihar
Strength
Strong Market Position in Bihar – Established distributor with 1,000+ dealers across 29 districts, ensuring deep penetration and brand recognition.
Diversified Operations – Beyond distribution, company has fabrication (PEB), PVC pipe manufacturing, and RDSO-approved steel girder manufacturing, reducing reliance on pure trading.
Wide Product Portfolio – Large variety of steel products plus tractor engines & spares, serving multiple industries like construction, automotive, and engineering.
Weakness
RISKY TO INVEST AS PER SOME MARKET RUMOURS
Geographic Concentration Risk – ~98% of revenue and all facilities located in Bihar; any adverse political, social, or natural events in the state could severely affect operations.
Supplier Dependency Risk – Heavy reliance on specific suppliers/agreements for steel and tractor products; disruption in supply could halt business.
High Revenue Concentration in Steel Products – Majority revenue from long & flat steel distribution; demand/pricing fluctuations could materially impact financials.
BMW Ventures Lead Manager(s)
BMW Ventures Address
1 st Floor, Mona Cinema Complex,
East Gandhi Maidan,
Patna-800004
Patna, Bihar, 800004
Phone: +91 81022 23771
Email: cs@bmwventures.com
Website: http://www.bmwventures.com/
BMW Ventures Registrar
BMW Ventures Reviewers
| Reviewer | Recommendation | File |
|---|