Bhadora Industries Limited IPO
Bhadora Industries is engaged in the manufacturing of industrial cables under the brand name “Vidhut Cables,” providing efficient electricity transmission and distribution solutions to government discoms and EPC companies. With over three decades of experience, the company has evolved to cater to the diverse electrical connectivity needs of various industrial sectors. Starting with the production of PVC cables, Bhadora Industries has expanded its range to include Low Voltage (LV) cables, LT Aerial Bunched Cables, and XLPE cables. These products are designed for specific roles in power transmission—ranging from reliable low-voltage distribution to high-performance overhead cables. The company ensures that all cables meet stringent industry standards for safety and performance, while also keeping pace with evolving technologies and sector-specific demands.
Price Band₹97 - ₹103 |
Dates04 Aug - 06 Aug |
GMP₹1 (0.97%) |
Subscriptions- |
Issue Size₹55.62 Crs |
Bhadora Industries IPO Objects
- Finance the cost of establishing new manufacturing facility to expand our production capabilities of cables
- Funding working capital requirements of the Company
- General Corporate Purposes
Bhadora Industries IPO Details
Price Band₹97 - ₹103 |
Listing AtNSE SME |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹55.62 Cr (0.54 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹55.62 Cr (0.54 Cr Shares) |
Face Value₹10 per equity share |
Bhadora Industries IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
2
2,400
2,47,200
Maximum
2
2,400
2,47,200
|
|||
| Small HNI |
Minimum
3
3,600
3,70,800
Maximum
8
9,600
9,88,800
|
|||
| Big HNI |
Minimum
9
10,800
11,12,400
|
|||
Bhadora Industries IPO Subscription
Updated as on 04-Aug-2025 17:00:20 hrs
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | - | 0 | 0 |
| NII | - | 0 | 2,92,800 |
| Retail | - | 0 | 1,56,000 |
| Total | - | 0 | 4,48,800 |
Bhadora Industries IPO GMP
The estimated Grey Market Premium of Bhadora Industries IPO is ₹1 per share (0.97%)
Disclaimer: The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | 0 |
| NII | 0 |
| Retail | 0 |
| Market Maker | 2,73,600 EQ Shares |
Bhadora Industries IPO Financials
| Particulars | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Revenue from Operations | 110.11 | 81.39 | 18.44 |
| Profit after Tax | 10.79 | 4.96 | 0.18 |
| Net Worth | 20.94 | 10.15 | 5.20 |
| Total Borrowing | 19.67 | 9.47 | 10.13 |
| Total Assets | 48.76 | 25.87 | 20.13 |
| NAV per share (in ₹) | 15.87 | 7.69 | 3.94 |
| EPS - Basic (in ₹) | 8.17 | 3.75 | 0.14 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | Value |
|---|---|
| EBITDA | 15.42% |
| PAT | 9.80% |
| ROE | 51.51% |
| ROCE | 42.41% |
| Debt to Equity | 0.94 |
| PE Ratio | 27.47 |
| PB Ratio | 13.39 |
| Mkt Cap (in Crs.) | 191.58 |
All the data pertains to FY 2024-25. PE, PB, and market capitalization are calculated based on the Upper Price Band.
Bhadora Industries IPO Peer Comparision
| Particulars | Bhadora | Dynamic Cables | DCG Cables |
|---|---|---|---|
| Revenue from Ops (in Crs.) | 110.11 | 1,025.37 | 127.56 |
| PAT (In Crs.) | 10.79 | 64.82 | 8.10 |
| EPS - Basic | 8.17 | 27.13 | 4.46 |
| NAV per share | 15.86 | 157.51 | 43.56 |
| RONW | 51.51% | 17.34% | 10.24% |
| EBITDA | 15.42% | 10.28% | 12.57% |
| PAT Margin | 9.80% | 6.32% | 6.35% |
| Price to earning (PE) | 27.47 | 16.59 | 16.32 |
| Debt to Equity | 0.94 | 0.16 | 0.45 |
All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of July 22, 2025 for Peers
Bhadora Industries IPO Peer Comparision
| Particulars | Bhadora |
|---|---|
| Revenue from Ops (in Crs.) | 110.11 |
| PAT (In Crs.) | 10.79 |
| EPS - Basic | 8.17 |
| NAV per share | 15.86 |
| RONW | 51.51% |
| EBITDA | 15.42% |
| PAT Margin | 9.80% |
| Price to earning (PE) | 27.47 |
| Debt to Equity | 0.94 |
| Dynamic Cables | DCG Cables |
|---|---|
| 1,025.37 | 127.56 |
| 64.82 | 8.10 |
| 27.13 | 4.46 |
| 157.51 | 43.56 |
| 17.34% | 10.24% |
| 10.28% | 12.57% |
| 6.32% | 6.35% |
| 16.59 | 16.32 |
| 0.16 | 0.45 |
All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of July 22, 2025 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Pradeep Bhadora | 44.44% |
| Anil Bhadora | 25.57% |
| Shashank Bhadora | 18.41% |
| Others | 4.00% |
| Total | 92.42% |
Management Details
| Name | Designation |
|---|---|
| Shashank Bhadora | Chairman & MD |
| Utkarsh Gupta | CEO |
| Sagar Gunjal | CFO |
Company Details
Name: Bhadora Industries Limited
Address: Office No. 505, Plot No 39.405, NRK BIZ PARKÂ
PU-4, Scheme N 54, DDU Nagar, Indore – 452Â
010, Madhya Pradesh, India
Number: +91-70000 61995
Email: cs@vidhutcables.com
Website: www.vidhutcables.com
Book Running Lead Managers (BRLMs)
Unistone Capital
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MUFG Intime India
Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Bhadora Industries IPO is a SME IPO having an issue size of Rs. ₹55.62 Crs. Bhadora Industries IPO is priced at ₹97 - ₹103 per share. The issue opens on 04 Aug 25 and closes on 06 Aug 25.
Bhadora Industries IPO opens on 04 Aug 25 and closes on 06 Aug 25.
The estimated Grey Market Premium of Bhadora Industries IPO is ₹1 per share (0.97%).
The minimum lot size of Bhadora Industries IPO is 1200 shares & the minimum application amount is Rs. 123600.
The allotment date of Bhadora Industries IPO is 07 Aug 25.
The listing date of Bhadora Industries IPO is 11 Aug 25.
Bhadora Industries IPO is subscribed -.
Bhadora Industries IPO is priced at ₹97 - ₹103 per share.
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