- Issue price
- ₹99per share
- Issue size
- ₹231.66 Cr2,34,00,000 shares
- Face value
- ₹10per equity share
- Lot size
- 151 sharesMin. ₹14,949 at the upper price
- OpensWed, 2025
- ClosesFri, 2025
- AllotmentMon, 2025Refunds same day
- ListingWed, 2025
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue
- Fresh issue
- 2,34,00,000 shares (₹231.66 Cr)
- Offer for sale
- None
- Total issue
- 2,34,00,000 shares (₹231.66 Cr)
- Face value
- ₹10
- Listing at
- NSE, BSE
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail75.0%
- NII24.0%
- QIB1.0%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 1,75,50,000 | 75.00% | 75% |
| Non-institutional investors (NII) | 56,16,000 | 24.00% | 24% |
| Qualified institutional buyers (QIB) | 2,34,000 | 1.00% | 1% |
Source: ProspectusUpdated
Lot size
Amounts at ₹99 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 1 | 151 | ₹14,949 |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2024-25, pre-issue- EPS (basic)
- ₹5.18
- NAV per share (As at March 31, 2025)
- ₹33.19
- NAV per share (At Issue Price)
- ₹139.95
- P/E (FY 2024-25 at Cap Price)
- 19.11×
- Debt to equity
- 2.04
- ROCE
- 12.80%
- RoNW
- 16.54%
- EBITDA margin
- 4.24%
- PAT margin
- 1.59%
Source: ProspectusUpdated
Financials
Standalone, restated · ₹ crore| Period ended | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|
| Revenue from operations | 2,062.04 | 1,938.20 | 2,015.10 |
| Total income | 2,067.33 | 1,942.03 | 2,018.12 |
| EBITDA | 87.39 | 72.56 | 67.85 |
| Profit after tax | 32.82 | 29.94 | 32.66 |
| Net worth | 210.12 | 186.71 | 156.48 |
| Reserves and surplus | 146.34 | 123.39 | 140.65 |
| Total assets | 676.09 | 646.15 | 481.79 |
| Total borrowing | 428.39 | 395.30 | 283.58 |
FY 2024-25 vs FY 2023-24: revenue +6.4%, profit after tax +9.6%.
Source: ProspectusUpdated
About the company
The company distributes long and flat steel products in Bihar, mainly as the exclusive distributor for a primary steel manufacturer, and sells through a network of dealers. It also distributes tractor engines and spare parts, manufactures PVC pipes and roll-formed sheets, and fabricates pre-engineered buildings and steel girders.
- Incorporated
- 1994
- Industry
- Steel Distribution
- Sector
- Metals and Mining
- CIN
- U25111BR1994PLC006131
- Website
- bmwventures.com
Source: ProspectusUpdated
Promoters and shareholders
| Name | Before issue | After issue |
|---|---|---|
| Promoters (aggregate) | 97.52% | — |
| BMW Fin-Invest Private Limited | 38.51% | — |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Repayment or prepayment of certain outstanding borrowings | 173.75 |
| General corporate purposes | 39.88 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| BMW Ventures LimitedIssuer | ₹5.18 | — | 16.54% | ₹33.19 |
| Shiv Aum Steel Limited | ₹7.11 | 43.46× | 8.36% | — |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Long-established distributor of steel products in Bihar with dealer coverage across 29 of 38 districts.
- Revenue is supported by an in-house logistics setup and multiple stockyards.
- Wide dealer network with 1,299 dealers as of March 31, 2025.
- Diversified product range across long products, flat products and fabrication.
- Founder-led management team supported by experienced leadership.
Risks
- Nearly all revenue comes from a single primary supplier, and the supplier agreement is time-limited and valid till March 31, 2026.
- About 98% of revenue comes from Bihar, so the business is exposed to conditions in that state.
- Revenue depends heavily on steel distribution, so a fall in demand or dealer loss could hurt results.
- Heavy borrowings with a debt-to-equity ratio above 2 as of March 31, 2025.
- Industry data relies on a report commissioned by the company, which carries inherent reliance risks.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹99) appear here after the shares list on NSE and BSE.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the BMW Ventures IPO open and close?
According to the Prospectus, the issue opens on Wednesday, 24 September 2025 and closes on Friday, 26 September 2025.
What is the BMW Ventures IPO price band?
The final issue price is ₹99 per share.
What is the lot size of the BMW Ventures IPO?
One lot is 151 shares, which is ₹14,949 at ₹99 per share.
Where will BMW Ventures shares list?
On NSE and BSE. The tentative listing date is Wednesday, 1 October 2025.
Who is the registrar of the issue?
Cameo Corporate Services Limited (SEBI registration INR000003753). Allotment status is checked on the registrar's website.
How do I check the BMW Ventures IPO allotment status?
The basis of allotment is expected to be finalised on Monday, 29 September 2025. After that, search by PAN, application number or DP/client ID on the registrar's website (Cameo Corporate Services Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹173.75 Cr for repayment or prepayment of certain outstanding borrowings, ₹39.88 Cr for general corporate purposes.
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