Bhadora Industries IPO
Open SmeCurrent GMP
₹1 (+0.97%)
Price Band
₹ 97 – 103
Lot Size
1200
Issue Size
₹55.62 Cr
Minimum Investment
₹247200 (2400 Shares)
Listing Date
11 August 2025
Subscription
1.04x
About the Company
Bhadora Industries Limited, established in April 1986, is a leading manufacturer of industrial cables designed for reliable electricity transmission and distribution. Operating under the brand name “Vidhut Cables,” the company caters primarily to government discoms and EPC contractors serving a broad range of industrial sectors.
Product Portfolio:
Bhadora’s diverse product range includes:
- Polyvinyl Chloride (PVC) Cables
- Low Voltage (LV) Cables
- LT Aerial Bunched Cables
- Cross-Linked Polyethylene (XLPE) Cables
These products are engineered to meet varied demands in power distribution networks.
Manufacturing Excellence:
The company’s manufacturing facility, located in Tikamgarh, Madhya Pradesh (covering 15,028 sq. ft.), is certified and accredited for quality and operational excellence:
- Bureau of Indian Standards (BIS)
- ISO 9001:2015 – Quality Management System
- ISO 14001:2015 – Environmental Management
- ISO 45001:2018 – Occupational Health & Safety
The facility is equipped with advanced machinery and a dedicated in-house testing laboratory to ensure product reliability and compliance with industry standards.
Market Presence:
Bhadora Industries has a strong distribution network across multiple Indian states including:
Andhra Pradesh, Assam, Bihar, Chhattisgarh, Delhi, Haryana, Himachal Pradesh, Jammu & Kashmir, Jharkhand, Kerala, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Telangana, Uttar Pradesh, and Uttarakhand.
Its client base includes State Electricity Boards, EPC companies, and other domestic partners.
As of June 30, 2025, the company employed 87 professionals across various departments, including manufacturing, quality control, and management.
Competitive Strengths:
- Experienced and Visionary Leadership
- Approved Vendor for Government Schemes
- Commitment to High Quality Across Products and Processes
- Sustainable and Certified Operations
Promoters
- Shashank Bhadora
- Pradeep Bhadora
- Anil Bhadora
Promoters Holding
Holding Pre Issue
92.42%
Holding Post Issue
65.59%
Objects of the Issue
The Company Bhadora Industries IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- 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”)
- Funding working capital requirements of the Company
- General Corporate Purposes
- Net Proceeds
Address / Contact Info
Bhadora Industries Limited
Office No. 505, Plot No 39.405
NRK BIZ PARK PU-4, Scheme N 54DDU Nagar,
Indore, Madhya Pradesh, 452010
Phone: +91-70000 61995
Email: cs@vidhutcables.com
Website: https://www.vidhutcables.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 04 August 2025
IPO Close Date
Wednesday, 06 August 2025
Basis of Allotment
Thursday, 07 August 2025
Initiation of Refunds
Friday, 08 August 2025
Credit of Shares to Demat
Friday, 08 August 2025
Listing Date
Monday, 11 August 2025 — NSE & BSE
Important Dates
Open Date
04 August 2025
Close Date
06 August 2025
Basis Of Allotment
07 August 2025
Listing Date
11 August 2025
Financial Performance (₹ in Crores)
| Particular | 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 |
| Net Worth | 20.94 | 10.15 | 5.2 |
| Reserve & Surplus | 7.74 | 8.5 | 3.55 |
| Total Borrowings | 19.67 | 9.47 | 10.13 |
EPS Pre
8.17%
EPS Post
5.80%
P/E Pre
12.60
P/E (Post Issue)
17.76x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE % | 51.51 | 48.8 | 3.47 |
| ROCE % | 42.41 | 42.91 | 7.72 |
| Debt / Equity | 0.94 | 0.93 | 1.95 |
| RoNW % | 51.51 | 48.5 | 3.47 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 9.8 | 6.09 | 0.98 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 1022400 | 28.44 | 0 |
| Non-Institutional | 777600 | 21.63 | 0 |
| BNII | 518000 | 14.42 | 0 |
| SNII | 259200 | 7.21 | 0 |
| Retail Investors | 1795200 | 49.93 | 0 |
| Total | 3595200 | 100 | 0 |
Subscription Status ( Wed, 06 Aug 25 01:46 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 1022400 | 696000 | 0.68x |
| Non-Institutional | 777600 | 1270800 | 1.63x |
| BNII | 518000 | 885600 | 1.71x |
| SNII | 259200 | 385200 | 1.49x |
| Retail Investors | 1795200 | 1756800 | 0.98x |
| Total | 3595200 | 3723600 | 1.04x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Bhadora Industries Ltd | 10 | 0.00 | 8.17 | 8.17 | 51.51 | 15.86 |
| Dynamic Cables Ltd | 10 | 16.59 | 27.13 | 27.13 | 17.34 | 157.51 |
| DCG Cables & Wires Ltd | 10 | 16.32 | 4.46 | 4.46 | 10.24 | 43.56 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 247,200.00 |
| Retail (Max) | 2 | 2,400 | 247,200.00 |
| S-HNI (Min) | 3 | 3,600 | 370,800.00 |
| S-HNI (Max) | 8 | 9,600 | 988,800.00 |
| B-HNI (Min) | 9 | 10,800 | 1,112,400.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Unistone Capital Pvt Ltd
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Bhadora Industries IPO is a Book-building IPO worth ₹55.62 crores. The price band is ₹97 to 103 per share. The IPO opens on Mon, Aug 4, 2025 and closes on Wed, Aug 6, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Bhadora Industries IPO opens on Mon, Aug 4, 2025 and closes on Wed, Aug 6, 2025
Bhadora Industries IPO Price Band is ₹97 to 103.
Bhadora Industries IPO lot size is 1200, and the minimum amount required for application is ₹247200.
The minimum investment for Bhadora Industries IPO is approximately ₹247200 based on the upper price band.
To apply for the Bhadora Industries IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Aug 6, 2025. After submission, funds are blocked until the basis of allotment of Bhadora Industries IPO is finalised.
Bhadora Industries IPO issue size is ₹55.62 crores.
Bhadora Industries IPO allotment date is Sat, Jun 27, 2026.
The registrar for Bhadora Industries IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Bhadora Industries IPO through their official website or helpline.
The Bhadora Industries IPO GMP (Grey Market Premium) is ₹1 as of Wed, Aug 6, 2025. Based on the upper price band of ₹103 per share, the estimated Bhadora Industries IPO listing price is ₹104, indicating a potential listing gain of approximately 31% over the issue price.