BMW Ventures IPO Details

Introduction

BMW Ventures Ltd, a name synonymous with steel distribution across Bihar, now gears up for its first public listing. The IPO, open for subscription from September 24–26, 2025, gives investors a chance to own a piece of a company that’s not just a regional giant but also a diversified player in PVC pipes, tractor parts, and pre-engineered steel structures. With deep roots in Bihar’s infrastructure and consistent profits, BMW Ventures’ IPO blends legacy and ambition for savvy investors looking at sectoral resilience.

IPO Highlights

• Issue Size: ₹231.66 crore (2.34 crore fresh equity shares)
• Price Band: ₹94–₹99 per share
• Subscription Window: September 24 to 26, 2025
• Lot Size: 151 shares (Minimum ₹14,949 investment)
• Listing Date: October 1, 2025 (BSE & NSE)
• Lead Manager: Sarthi Capital Advisors Pvt Ltd
• Registrar: Cameo Corporate Services Ltd

Company Financials

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 Ended	31-Mar-25	31-Mar-24	31-Mar-23
Assets	676.09	646.15	481.79
Total Income	2,067.33	1,942.03	2,018.12
Profit After Tax	32.82	29.94	32.66
EBITDA	87.39	72.56	67.85
NET Worth	146.8	186.71	156.48
Total Borrowing	428.39	395.3	283.58
Amount in ₹ Crore

Objective of the Issue 

The Company BMW Ventures 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	Funding working capital requirements of the Company.	1,737.50
2	General Corporate Purposes.

 

BMW Ventures IPO Lot Size

Investors can bid for a minimum of 151 shares and in multiples 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
Retail (Min)	1	151	₹ 14,949
Retail (Max)	13	1,963	₹ 1,94,337
S-HNI (Min)	14	2,114	₹ 2,09,286
S-HNI (Max)	66	9,966	₹ 9,86,634
B-HNI (Min)	67	10,117	₹ 10,01,583

Business Scope and Growth

• Dominant Steel Distributor: Exclusive supplier network covering 29 of Bihar’s 38 districts through 1,299 dealers.
• Diversification: Not just steel—BMW Ventures manufactures PVC pipes, trades tractor engines and spare parts, and fabricates steel structures and girders for railway and construction projects.
• Strong Dealer Loyalty: Revenue from repeat orders exceeds 98% in recent years.
• Financial Track Record: FY25 revenue at ₹2,062 crore, PAT at ₹32.8 crore. Net worth sits at ₹210 crore, with healthy interest coverage.

Strengths

• Decades of industry experience and stable promoter leadership.
• Wide portfolio spanning steel, PVC, and infra supplies.
• Exclusive long-term supplier relationships in Bihar, supporting predictable demand and competitive margins.

Risks

• Thin operating margin due to trading focus and price-sensitive steel business.
• Heavy concentration in Bihar risks geographic exposure.
• Relying largely on steel products (98%+ revenues).
• Debt-to-equity ratio above 2.0 shows reliance on borrowings—future expansions require close financial management.

BMW Ventures Ltd’s IPO is more than just a capital raise—it’s a rare opportunity to invest in the backbone of regional infrastructure, with proven financial discipline. Investors who value sectoral stability, dealer loyalty, and strong leadership may find BMW Ventures a compelling story—just remember to weigh the risks and rewards before participating.

How To Apply for the Online?

• Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials. 
• Locate the IPO Section: Navigate to the 'IPO' section on the platform. 
• Select IPO: Find and select the IPO from the list of open IPOs. 
• Enter the Lot Size: Specify the number of lots you want to bid for. 
• Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application. 
• Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN. 

How To Check the Allotment Status of IPO?

Steps to check IPO allotment status on JM Pro app: 

• Log in to the JM Pro app. 
• Go to the IPO Section and then to IPO Orders. 
• Select the individual IPO that you had applied for and check the allotment status. 

JM Financial Services will notify you of your IPO allotment status via push notification and email

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