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Bedi Steels Ltd. has withdrawn its Initial Public Offer (IPO) documents filed with the exchange on July 4, 2025.
Bedi Steels Ltd. IPO was a Book Build Issue
The equity shares were proposed to be listed on the BSE SME. Khambatta Securities Ltd. was the book running lead manager and Bigshare Services Pvt.Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | [.] to [.] per share |
| Lot Size | |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 50,62,140 shares |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Fri, Mar 28, 2025 |
| Offer document withdrawn | Fri, Jul 4, 2025 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1992, Bedi Steels Limited is engaged in manufacturing of alloy steel ingots in Northern India. The company specializes in producing high-quality alloy steel ingots and offers a diverse range of products, including round bars, square bars (RCS), hex bars, flat bars, and bright bars.
The company provides a variety of steel products such as TMT bars, steel bars, steel structures, and steel billets.
The company has a manufacturing plant in Doraha, Ludhiana, Punjab, covering 13,750 sq. yards. It features a 320x80 ft shed with two 10-tonne furnaces, producing 10 tonnes of ingots every two hours.
To enhance its value chain, the company is establishing a rolling mill in Ludhiana with an annual production capacity of 70,000 tons. This mill will produce round bars, RCS/square bars, hex bars, and flat bars, with operations expected to commence in April 2025.
Products Portfolio:
As of March 28, 2025, the company has a total of 25 permanent employees & 15-20 employees per shift on contract basis.
Competitive Strengths:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 89.76 | 55.6 | 34.08 | 20.74 |
| Total Income | 105.57 | 168.15 | 124.3 | 81.29 |
| Profit After Tax | 4.2 | 6.59 | 2.89 | -5.97 |
| Net Worth | 20.87 | 16.67 | 1.54 | -1.35 |
| Reserves and Surplus | 15.9 | 15.01 | 0.74 | -2.16 |
| Amount in ₹ Crore | ||||
| KPI | Values |
|---|---|
| ROE | 39.52% |
| ROCE | 31.13% |
| Debt/Equity | 0.79 |
| RoNW | 39.52% |
| PAT Margin | 3.92% |
The Company Bedi Steels IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Working Capital Requirement | 333.1 |
| 2 | General Corporate Purpose |
Bedi Steels Ltd.
G.T. Road,
Doraha,
Ludhiana - 141421, Punjab
Ludhiana, Punjab, 141421
Phone: +91-9115700625
Email: cs@bedisteelsltd.com
Website: http://www.bedisteelsltd.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Bedi Steels IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at . The minimum order quantity is .
The Bedi Steels IPO open and close dates are not available as of now.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Bedi Steels IPO using UPI as a payment gateway. Zerodha customers can apply in Bedi Steels IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bedi Steels IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bedi Steels IPO dates are not announced. Please check back again after some time.
Bedi Steels IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Bedi Steels IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Bedi Steels IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Bedi Steels IPO allotment status.
The Bedi Steels IPO listing date is not yet announced. The tentative date of Bedi Steels IPO listing is [.].
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