BMW Ventures IPO will open for subscription on September 24, 2025, and close on September 26, 2025.
Incorporated in 1994, BMW Ventures Limited is engaged in the distribution of steel products, tractor engines, and spare parts, along with manufacturing PVC pipes, roll-formed products, and the fabrication of pre-engineered buildings (PEB) and steel girders.
With its established presence, expanding product mix, and consistent dealer network, BMW Ventures Limited is all set to enter the capital markets with a foundation built on regional strength and business diversification.
BMW Ventures IPO Date
The key pointers for the BMW Ventures IPO dates are:
- Bidding Opening Date: September 24, 2025
- Bidding Closing Date: September 26, 2025
- Allotment Date: September 29, 2025
- Initiation of Refunds (in case of less or no allotment): September 29, 2025
- Shares Credited to Your Demat Account: September 30, 2025
- IPO Listing Date: October 1, 2025
- Listing on Exchange: BSE and NSE
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BMW Ventures IPO Issue Size
BMW Ventures IPO valuation, as denoted by the market capitalisation, stood at ₹858.48 crores. Here are the essential details:
- BMW Ventures IPO Price Band: ₹94 to ₹99 per share
- Lot Size: 151 Shares
- Total Issue Size and Amount: 2.34 crore shares (aggregating up to ₹231.66 crores)
- Fresh Issue Size and Amount: 2.34 crore shares (aggregating up to ₹231.66 crores)
BMW Ventures IPO Proceeds Usage
The net proceeds from the BMW Ventures IPO are proposed to be utilised for the following purposes:
- For repayment or prepayment of loans taken by the company.
- To address general corporate purposes, supporting the overall growth and operational needs.
BMW Ventures IPO Reservations
BMW Ventures IPO reservations to different investors are:
- For QIBs: Not more than 1% of the net offer
- For NIIs: Not less than 24% of the offer
- For Retail Investors: Not less than 75% of the offer
BMW Ventures IPO Lot Size
BMW Ventures IPO lot size is 151 shares, wherein bidding can be done in multiples. The minimum amount that each category of investor needs to bid in this IPO is:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 151 | ₹14,949 |
| S-HNI (Min) | 14 | 2,114 | ₹2,09,286 |
| B-HNI (Min) | 67 | 10,117 | ₹10,01,583 |
BMW Ventures IPO Details: Promoter Holding
Bijay Kumar Kishorepuria, Sabita Devi Kishorepuria, Nitin Kishorepuria, Rachna Kishorepuria, BMW Fin-Invest Private Limited, and Ridhisidhi Fincon Private Limited are the company promoters.
BMW Ventures Ltd: Company Overview
BMW Ventures Limited is a company involved in several business activities, including the trading and distribution of steel products, tractor engines, and spare parts.
It also manufactures PVC pipes, roll-formed products, and carries out fabrication work for pre-engineered buildings (PEB) and steel girders. By combining trading and manufacturing, the company serves a wide range of needs in construction, agriculture, and infrastructure.
Product Portfolio
Its product portfolio includes TMT bars, GI sheets, HR sheets, wire rods, galvanised colour-coated sheets, GP sheets, pipes, hollow sections, screws, and other steel-related products.
Along with this, the company is also engaged in the distribution of tractor engines and spare parts, offering additional support to its dealers and customers.
Business Network
As of March 31, 2025, BMW Ventures Limited supplied steel products through a strong dealer network of 1,299 partners across 29 districts in Bihar. The company manages its operations through six stockyards, five of which are located in Patna and one in Purnea, ensuring the timely distribution and availability of its products.
Over the years, BMW Ventures has built a wide marketing and sales network of more than 1,250 dealers, both exclusive and non-exclusive, giving it a strong presence in Bihar.
The company’s operations extend across Tier 2 and Tier 3 cities, helping it reach a large customer base. As of March 31, 2025, the company employed a workforce of 639 individuals, supporting its expanding business activities.
BMW Ventures Limited: Financial Performance
BMW Ventures Limited’s key financials for different periods are as follows:
| Particulars (in ₹ Cr) | 31 Mar 2025 | 31 Mar 2024 | YoY Change |
|---|---|---|---|
| Total Income | 2,067.33 | 1,942.03 | 6% |
| Profit After Tax | 32.82 | 29.94 | 10% |
| EBITDA | 87.39 | 72.56 | 20% |
| Net Worth | 146.80 | 186.71 | -21% |
| Assets | 676.09 | 646.15 | 5% |
| Total Borrowing | 428.39 | 395.30 | 8% |
- Revenue Growth: The company reported a modest 6% rise in total income, supported by stable demand across its steel products and distribution network, moving from ₹1,942.03 crore in FY24 to ₹2,067.33 crore in FY25.
- Profitability: PAT increased by 10%, from ₹29.94 crore in FY24 to ₹32.82 crore in FY25, indicating better cost efficiency and consistent performance despite market fluctuations.
- EBITDA Performance: EBITDA improved from ₹72.56 crore in FY24 to ₹87.39 crore in FY25, a 20% rise, showcasing healthier operational margins driven by trading and manufacturing activities.
- Net Worth: The company’s net worth stood at ₹146.80 crore in FY25 compared to ₹186.71 crore in FY24. The decline reflects adjustments in reserves and retained earnings.
- Asset Base: Total assets grew by 5%, from ₹646.15 crore in FY24 to ₹676.09 crore in FY25, indicating controlled expansion and better utilisation of resources.
- Debt Position: Borrowings increased from ₹395.30 crore in FY24 to ₹428.39 crore in FY25, highlighting higher reliance on external funding to support working capital and operational growth.
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BMW Ventures IPO: Peer Comparison
Here’s the peer comparison table for BMW Ventures Limited with its listed peer:
| Company Name (FY25) | EPS (Basic ₹) | P/E (x) | RoNW (%) |
|---|---|---|---|
| BMW Ventures Limited | 5.18 | 19.1 | 16.54 |
| Shiv Aum Steels Limited | 7.11 | 43.46 | 8.36 |
- EPS: BMW Ventures’ EPS of ₹5.18 is lower than that of Shiv Aum Steels, indicating it generates less profit per share.
- P/E: BMW Ventures has a P/E ratio of 19.1, which is significantly lower than Shiv Aum Steels. This suggests that BMW Ventures is cheaper relative to its earnings, potentially making it a more attractive value for investors.
- RoNW: With a Return on Net Worth of 16.54%, BMW Ventures is more than twice as effective as Shiv Aum Steels in using shareholder equity to generate profits. This shows strong profitability and efficiency.
BMW Ventures IPO Risk Factors
BMW Ventures Limited is exposed to various risk factors that can eventually affect its business and investors’ perception:
- Supplier Dependency: The operations can be impacted due to their reliance on specific suppliers for steel and tractor products. Any disruption in this supply chain would directly impact its ability to conduct business.
- Geographic Concentration: With nearly all of its revenue and facilities in Bihar, the company is highly vulnerable to regional issues. Adverse events like natural disasters or political instability in the state could significantly affect its business.
- Product Demand Risk: A large portion of the company’s revenue comes from long and flat steel products. A drop in demand for these products would have a major negative impact on its financial health.
- Underutilized Capacity: The company may not be using its manufacturing facilities to their full potential. This under-utilization could hurt future financial performance and business prospects.
- Negative Cash Flow: The company has had periods of negative cash flow and may experience them again. This poses a risk to its financial stability and ability to fund future operations.
- Reliance on Dealers: The business depends heavily on its network of dealers and repeat orders. Losing a key dealer or seeing a drop in repeat business would directly affect sales and revenue.
- Supplier Risk for Raw Materials: The company lacks long-term agreements with key raw material suppliers for its PVC and fabrication divisions. This could lead to a lack of supply or higher prices, hurting the business.
- Steel Price Volatility: The company’s profitability is highly dependent on the cost of steel. Any significant changes in steel prices or disruptions in its supply could negatively impact the company’s financial results.
For all the insights on BMW Ventures IPO and detailed expert advice, you can download the SMC ACE App or visit the SMC telegram channels. Take smart decisions and apply for the BMW Ventures IPO easily on the SMC ACE Apply by opening free demat account now.
Frequently Asked Questions – FAQs
1. When does the BMW Ventures IPO open and list?
The issue opens on September 24, 2025 and closes on September 26, 2025. Allotment is expected on September 29, 2025, with a tentative listing on October 1, 2025 on BSE and NSE.
2. What is the price band and lot size? What’s the minimum investment?
The price band is ₹94–₹99 per share. The lot size is 151 shares. For retail, the minimum application is 1 lot (151 shares), which at the cap price equals ₹14,949.
3. How big is the issue and what’s the tentative market capitalisation?
The issue size is 2.34 crore shares aggregating up to ₹231.66 crores. The estimated market capitalisation is ₹858.48 crores.
4. How will the IPO proceeds be used?
Net proceeds are proposed to be used for loan repayment and for general corporate purposes.
Reference:
https://www.sarthi.in/wp-content/uploads/2025/09/BMW_RHP.pdf
Author: All Content is verified by SMC Global Securities.
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