Bhadora Industries IPO
GMP, Subscription, Price, Dates & Financial Details
Cable
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…
Open Date
Mon, 04 Aug 2025
Close Date
Wed, 06 Aug 2025
Price Band
₹ 97 – 103
Lot Size
1200
Issue Size
₹ 55.62 Cr
Minimum Investment
₹ 247,200 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Bhadora Industries IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹55.62 Crore, comprising a fresh issue of 54.00 Lakh equity shares aggregating to ₹55.62 Crore.
The Bhadora Industries IPO remained open for subscription from August 04, 2025, to August 06, 2025. The basis of allotment was finalized on August 07, 2025, and the company's shares were listed on NSE SME Platform on August 11, 2025.
The company had fixed the price band at ₹97 to ₹103 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹247,200 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Unistone Capital Pvt Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Bhadora Industries Ltd is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Bhadora Industries IPO Timeline (Tentative)
- IPO Open Date
- Mon, 04 Aug 25
- IPO Close Date
- Wed, 06 Aug 25
- Basis of Allotment
- Thu, 07 Aug 25
- Initiation of Refunds
- Fri, 08 Aug 25
- Credit of Shares to Demat
- Fri, 08 Aug 25
- Listing Date
- Mon, 11 Aug 25 — NSE & BSE
Open Date
04 August 2025
Close Date
06 August 2025
Basis Of Allotment
07 August 2025
Listing Date
11 August 2025
IPO Subscription
Check Live Subscription →The Bhadora Industries IPO has received bids for 37,23,600 shares against 35,95,200 shares offered, resulting in an overall subscription of 1.04x. the NII category is subscribed 1.63x, Retail Investors 0.98x, and QIBs 0.68x. Within the NII category, BNII is subscribed 1.71x, while SNII is subscribed 1.49x.
QIB
0.68x
NII
1.63x
BNII
1.71x
SNII
1.49x
RII
0.98x
Total
1.04x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 17,95,200 shares, representing 49.93% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 10,22,400 shares (28.44%), while Non-Institutional Investors (NIIs) receive 7,77,600 shares (21.63%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 1,022,400 | 28.44% |
| Non-Institutional | 777,600 | 21.63% |
| BNII | 518,000 | 14.42% |
| SNII | 259,200 | 7.21% |
| Retail Investors | 1,795,200 | 49.93% |
| Total | 3,595,200 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Bhadora Industries Ltd KPI Information
| 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 |
| Pat Margin % | 9.8 | 6.09 | 0.98 |
Peers Comparison
| 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 |
About Bhadora Industries Ltd
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
Bhadora Industries IPO Promoters
- Shashank Bhadora
- Pradeep Bhadora
- Anil Bhadora
Promoters Holding
Holding Pre Issue
92.42%
Holding Post Issue
65.59%
Bhadora Industries IPO Objective
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
Bhadora Industries Ltd Address / Contact Details
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
Bhadora Industries IPO Lot Size
The Bhadora Industries IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹2,47,200 by applying for 2 lot (2,400 shares). The maximum application allowed for the retail category is 2 lots (2,400 shares), requiring an investment of ₹2,47,200.
| 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 |
Issue Reservation
- QIB — 28.44%
- NII — 21.63%
- RII — 49.93%
Book Running Lead Managers
- Unistone Capital Pvt Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Bhadora Industries IPO?
Bhadora Industries IPO is a Book-building IPO with a total issue size of ₹55.62 crore. The Bhadora Industries IPO price band is ₹97 to 103 per share. The Bhadora Industries IPO subscription opens on Mon, Aug 4, 2025, and closes on Wed, Aug 6, 2025. The Bhadora Industries IPO will be listed on the NSE. MUFG Intime India Private Limited is the registrar for the Bhadora Industries IPO.
When will the Bhadora Industries IPO open for subscription?
The Bhadora Industries IPO opens on Mon, Aug 4, 2025 and closes on Wed, Aug 6, 2025
What is Bhadora Industries IPO Price Band?
Bhadora Industries IPO Price Band is ₹97 to 103 per share.
What is Bhadora Industries IPO Lot Size?
Bhadora Industries IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹247200 based on the upper price band
What is the minimum investment for Bhadora Industries IPO?
The minimum investment for Bhadora Industries IPO is ₹247200, based on one lot of 1200 shares at the upper price band of ₹103 per share.
How to apply for Bhadora Industries IPO?
Investors can apply for the Bhadora Industries IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Aug 6, 2025. The application amount remains blocked until the Bhadora Industries IPO allotment is finalized.
What is Bhadora Industries IPO Issue Size?
Bhadora Industries IPO issue size is ₹55.62 crores.
What is the Bhadora Industries IPO Allotment Date?
Bhadora Industries IPO allotment date is Thu, Aug 7, 2025.
Who is the Bhadora Industries IPO Registrar?
The registrar for Bhadora Industries IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Bhadora Industries IPO allotment status, refund processing, and other IPO-related information.
What is the Bhadora Industries IPO GMP?
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 0.97% over the issue price.
Who is the Bhadora Industries IPO Lead Manager?
The book-running lead managers (BRLMs) for the Bhadora Industries IPO are Unistone Capital Pvt Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Bhadora Industries IPO Red Herring Prospectus (RHP).