BMW Ventures IPO vs JSW Cement IPO

Comparison between BMW Ventures IPO and JSW Cement IPO.

IPO Details

BMW Ventures IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while JSW Cement IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of BMW Ventures IPO is up to ₹231.66 Cr whereas the issue size of the JSW Cement IPO is up to ₹3,600.00 Cr. The final issue price of BMW Ventures IPO is ₹99.00 per share and of JSW Cement IPO is ₹147.00 per share.

 BMW Ventures IPOJSW Cement IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹94.00 per share₹139.00 per share
Issue Price (Upper)₹99.00 per share₹147.00 per share
Issue Price (Final)₹99.00 per share₹147.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size151 shares102 shares
Fresh Issue Size2,34,00,000 shares10,88,43,537 shares
Fresh Issue Size (Amount)up to ₹231.66 Crup to ₹1,600.00 Cr
OFS Issue Size0 shares13,60,54,421 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹2,000.00 Cr
Issue Size Total2,34,00,000 shares24,48,97,958 shares
Issue Size Total (Amount)up to ₹231.66 Crup to ₹3,600.00 Cr

IPO Timetable

BMW Ventures IPO opens on Sep 24, 2025, while JSW Cement IPO opens on Aug 07, 2025. The closing date of BMW Ventures IPO and JSW Cement IPO is Sep 26, 2025, and Aug 11, 2025, respectively.

 BMW Ventures IPOJSW Cement IPO
Anchor Bid DateAug 06, 2025
Issue OpenSep 24, 2025Aug 07, 2025
Issue CloseSep 26, 2025Aug 11, 2025
Basis Of Allotment (Tentative)Sep 29, 2025Aug 12, 2025
Initiation of Refunds (Tentative)Sep 29, 2025Aug 13, 2025
Credit of Share (Tentative)Sep 30, 2025Aug 13, 2025
Listing date (Tentative)Oct 01, 2025Aug 14, 2025
Anchor Lockin End date 1Sep 10, 2025
Anchor Lockin End date 2Nov 09, 2025

Financials & KPIs

BMW Ventures IPO P/E ratio is 19.1, as compared to JSW Cement IPO P/E ratio of -112.61.

 BMW Ventures IPOJSW Cement IPO
Financials

Company Financials (Restated)

BMW Ventures Ltd.'s revenue increased by 6% and profit after tax (PAT) rose by 10% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets676.09646.15481.79
Total Income2,067.331,942.032,018.12
Profit After Tax32.8229.9432.66
EBITDA87.3972.5667.85
NET Worth210.12186.71156.48
Total Borrowing428.39395.30283.58
Amount in ₹ Crore

Company Financials (Restated Consolidated)

JSW Cement Ltd.'s revenue decreased by 3% and profit after tax (PAT) dropped by 364% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets12,003.9411,318.9110,218.61
Total Income5,914.676,114.605,982.21
Profit After Tax-163.7762.01104.04
EBITDA815.321,035.66826.97
NET Worth2,352.552,464.682,292.10
Reserves and Surplus1,287.311,399.061,296.66
Total Borrowing6,166.555,835.765,421.54
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)10078.61
Promoter Shareholding (Post-Issue)73.0272.33
P/E Ratio19.1-112.61
Market Cap₹858.48 Cr.₹20041.46 Cr.
ROE15.62%-6.90
ROCE12.80%7.05%
Debt/Equity2.040.98
EPS₹5.18₹-1.31
RoNW16.54%-4.85%

Shares Offered

In the BMW Ventures IPO Retail Individual Investors (RII) are offered 1,75,50,000 shares while in JSW Cement IPO retail investors are offered 1,75,50,000 shares. Qualified Institutional Buyers (QIB) are offered 2,34,000 shares in BMW Ventures IPO and 4,89,79,592 shares in JSW Cement IPO.

 BMW Ventures IPOJSW Cement IPO
Anchor Investor Reservation0 shares7,34,69,386 shares
Market Maker Reservation0 shares0 shares
QIB2,34,000 shares4,89,79,592 shares
NII56,16,000 shares3,67,34,694 shares
RII1,75,50,000 shares8,57,14,286 shares
Employee0 shares0 shares
Others
Total2,34,00,000 shares24,48,97,958 shares

Bids Received (Subscription)

BMW Ventures IPO subscribed 1.50x in total, whereas JSW Cement IPO subscribed 8.22x.

 BMW Ventures IPOJSW Cement IPO
QIB (times)3.09x16.71x
NII (times)3.03x11.60x
Big NII (times)3.41x13.29x
Small NII (times)2.27x8.24x
RII (times)0.99x1.91x
Employee (times)
Other (times)
Total (times)1.50x8.22x

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