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Bhadora Industries IPO is a book build issue of ₹55.62 crores. The issue is entirely a fresh issue of 0.54 crore shares of ₹55.62 crore.
Bhadora Industries IPO bidding started from Aug 4, 2025 and ended on Aug 6, 2025. The allotment for Bhadora Industries IPO was finalized on Aug 7, 2025. The shares got listed on NSE SME on Aug 11, 2025.
Bhadora Industries IPO price band is set at ₹103.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,32,800.00 (2,400 shares). The minimum lot size investment for HNI is 3 lots (3,600 shares), amounting to ₹3,70,800.
Unistone Capital Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is NNM Securities Pvt.Ltd..
Refer to Bhadora Industries IPO RHP for detailed Information.
| IPO Date | August 4, 2025 to August 6, 2025 |
| Listing Date | August 11, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹97 to ₹103 per share |
| Issue Price Final | ₹103 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 54,00,000 shares (aggregating up to ₹55.62 Cr) |
| Reserved for Market Maker | 2,73,600 shares NNM Securities Pvt.Ltd. (aggregating up to ₹2.82 Cr) |
| Net Offered to Public | 51,26,400 shares (aggregating up to ₹52.80 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,32,00,000 shares |
| Share Holding Post Issue | 1,86,00,000 shares |
Bhadora Industries IPO offers total 54,00,000 shares. Out of which 25,53,600 (47.29%) allocated to QIB, 10,22,400 (18.93%) allocated to QIB (Ex- Anchor), 7,77,600 (14.40%) allocated to NII, 17,95,200 (33.24%) allocated to RII and 15,31,200 (28.36%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,73,600 (5.07%) |
| QIB Shares Offered | 25,53,600 (47.29%) |
| − Anchor Investor Shares Offered | 15,31,200 (28.36%) |
| − QIB (Ex. Anchor) Shares Offered | 10,22,400 (18.93%) |
| NII (HNI) Shares Offered | 7,77,600 (14.40%) |
| − bNII > ₹10L | 5,18,400 (9.60%) |
| − sNII < ₹10L | 2,59,200 (4.80%) |
| Retail Shares Offered | 17,95,200 (33.24%) |
| Total Shares Offered | 54,00,000 (100.00%) |
Bhadora Industries IPO raises ₹15.77 crore from anchor investors. Bhadora Industries IPO Anchor bid date is August 1, 2025. Bhadora Industries IPO Anchor Investors list
| Bid Date | August 1, 2025 |
| Shares Offered | 15,31,200 |
| Anchor Portion Size (In Cr.) | 15.77 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 6, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 5, 2025 |
Bhadora Industries IPO opens on August 4, 2025, and closes on August 6, 2025.
| IPO Open Date | Mon, Aug 4, 2025 |
| IPO Close Date | Wed, Aug 6, 2025 |
| Tentative Allotment | Thu, Aug 7, 2025 |
| Initiation of Refunds | Fri, Aug 8, 2025 |
| Credit of Shares to Demat | Fri, Aug 8, 2025 |
| Tentative Listing Date | Mon, Aug 11, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Aug 6, 2025 |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,47,200 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,47,200 |
| S-HNI (Min) | 3 | 3,600 | ₹3,70,800 |
| S-HNI (Max) | 8 | 9,600 | ₹9,88,800 |
| B-HNI (Min) | 9 | 10,800 | ₹11,12,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in April 1986, Bhadora Industries Limited manufactures industrial cables for efficient electricity transmission and distribution, serving government discoms and EPC companies across various industrial sectors. The company operates under the brand name of "Vidhut Cables".
The product portfolio of the company includes Polyvinyl Chloride (PVC) cables Low Voltage (LV) cables, LT Aerial Bunched Cables and Cross-Linked Polyethylene (XLPE) cables.
The company's manufacturing facility is accredited by the Bureau of Indian Standards (BIS) and certified in Quality Management (BIS ISO 9001:2015), Environmental Management (ISO 14001:2015), and Occupational Health and Safety (ISO 45001:2018).
The company sells its products in the states of Andhra Pradesh, Assam,Bihar, Chhattisgarh, Delhi, Haryana, Himachal Pradesh, J&K, Jharkhand, Kerala, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Telangana, Uttar Pradesh and Uttarakhand.
The company supply its products to State Electricity Boards, domestic and EPC companies across India.
The company's manufacturing unit is located in Tikamgarh, Madhya Pradesh covering an area of 15028 Square Feet.
As of June 30, 2025, the company had 87 employees in various departments.
Competitive Strength
Bhadora Industries Ltd.'s revenue increased by 33% and profit after tax (PAT) rose by 118% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 48.76 | 25.87 | 20.13 |
| Total Income | 110.69 | 83.27 | 18.81 |
| Profit After Tax | 10.79 | 4.96 | 0.18 |
| EBITDA | 16.98 | 6.79 | 1.04 |
| Net Worth | 20.94 | 10.15 | 5.20 |
| Reserves and Surplus | 7.74 | 8.50 | 3.55 |
| Total Borrowing | 19.67 | 9.47 | 10.13 |
| Amount in ₹ Crore | |||
The market capitalization of Bhadora Industries IPO is ₹191.58 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 51.51% |
| ROCE | 42.41% |
| Debt/Equity | 0.94 |
| RoNW | 51.51% |
| PAT Margin | 9.80% |
| EBITDA Margin | 15.42% |
| Price to Book Value | 6.49 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 8.17 | 5.80 |
| P/E (x) | 12.6 | 17.76 |
The Company Bhadora Industries IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | 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”) | 22.32 |
| 2 | Funding working capital requirements of the Company | 20.00 |
| 3 | General Corporate Purposes | 7.88 |
[Dilip Davda] BIL is engaged in the manufacturing of industrial cables being marketed under “Vidhut Cables” brand name. Quantum jump it its top and bottom lines from FY24 onwards raise eyebrows. It is operating in a highly competitive and fragmented segment. Based on its recent financial data, the issue appears fully priced. Well-informed investors may park funds for medium to long term. Read detail review...
| Listing Date | August 11, 2025 |
| BSE Script Code | |
| NSE Symbol | BHADORA |
| ISIN | INE0ZRC01017 |
| Final Issue Price | ₹103 per share |
| NSE Listing Group | SM (Rolling) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹103.00 |
| Open | ₹101.00 |
| Low | ₹101.00 |
| High | ₹106.05 |
| Last Trade | ₹105.95 |
Bhadora Industries Ltd.
Office No. 505, Plot No 39.405
NRK BIZ PARK PU-4, Scheme N 54
DDU Nagar,
Indore, Madhya Pradesh, 452010
Phone: +91-70000 61995
Email: cs@vidhutcables.com
Website: https://www.vidhutcables.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: bhadora.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Bhadora Industries IPO is a SME IPO of 54,00,000 equity shares of the face value of ₹10 aggregating up to ₹55.62 Crores. The issue is priced at ₹103 per share. The minimum order quantity is 1200.
The IPO opens on August 4, 2025, and closes on August 6, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Bhadora Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Bhadora Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bhadora Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bhadora Industries IPO opens on August 4, 2025 and closes on August 6, 2025.
Bhadora Industries IPO lot size is 1200, and the minimum amount required for application is ₹2,47,200, with 2 lots being the minimum application size.
You can apply in Bhadora Industries 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 Bhadora Industries IPO will be done on Thursday, August 7, 2025, and the allotted shares will be credited to your demat account by Friday, August 8, 2025. Check the Bhadora Industries IPO allotment status.
The Bhadora Industries IPO listing date is on Monday, August 11, 2025.
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