Bhadora Industries Ltd IPO
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Bhadora Industries Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 54 L | TBA | ₹ 17.94 L | ₹ 122 L | NSE | ₹ 55.62 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 04 Aug, 25 | 06 Aug, 25 | 1200 | ₹ 1,16,400 | Book Building - SME | 11 Aug, 25 |
Bhadora Industries Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Cables - Power |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0.27x | 2563200 | 696000 |
| NII | 1.65x | 768960 | 1270800 |
| Retail | 0.98x | 1794240 | 1756800 |
| Employee | 0x | 0 | 0 |
| Total | 0.69x | 5400000 | 3723600 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Bhadora Industries Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 14.81 | 6.94 | 0.45 |
| EBITDA | 15.15 | 7.19 | 0.67 |
| PAT | 10.79 | 4.96 | 0.18 |
| Total Assets | 39.36 | 22.72 | 16.90 |
| Share Capital | 13.20 | 1.65 | 1.65 |
| Total Borrowings | 21.10 | 9.16 | 7.57 |
| Operating Activities (Net Cash) | 11.13 | 5.21 | 0.40 |
| Investing Activities (Net Cash) | -0.08 | 0.00 | 0.22 |
| Financing Activities (Net Cash) | 21.10 | 9.16 | 7.57 |
| Net Cashflow | 6.35 | 1.43 | 1.61 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Bhadora Industries Ltd
Our Company was initially established as Partnership Firm under the Partnership Act, 1932 (Partnership Act) pursuant to Deed of Partnership dated April 29, 1986. The Partnership firm was registered on May 14, 1986 with the Registrar of Firms, Tikamgarh, Madhya Pradesh. The Partnership Firm was converted into Private Limited Company under Part IX of the Companies Act, 1956 in the name and style of Bhadora Industries Private Limited on May 17, 2013, vide Certificate of incorporation issue by Registrar of Companies, Madhya Pradesh. Subsequently, pursuant to resolutions passed by our Board of Directors at its meeting held on May 14, 2024 and by our Shareholders at the extra-ordinary general meeting held on May 16, 2024, our Company was converted into a public limited company and the name of our Company was changed to Bhadora Industries Limited and a fresh certificate of incorporation was issued by the Registrar of Companies, Central Processing Centre dated August 07, 2024. The corporate identity number of our Company is U31300MP2013PLC030767.
The India wires and cables market size was valued at USD 9.32 billion in 2024. The market is projected to grow from USD 10.01 billion in 2025 to USD 17.08 billion by 2032, exhibiting a CAGR of 7.94% during the forecast period. India has observed a substantial rise in the demand for wires and cables due to the country's ambitious renewable energy goals and the growing awareness of the potential of renewable energy, such as solar and wind power. In solar power plants, photovoltaic (PV) projects require a high-quality cabling system that connects all electrical components with minimal energy loss. The significant growth of solar panels in India is creating a considerable demand for solar cables. According to industry standards, a 1 MW solar project will use about 50 km of solar cable. Considering the Indian government's target of 100 GW of installed solar capacity by 2022, India's solar cable requirement alone is more than 5 million kilometres.
We are engaged in business of manufacturing of industrial cables which provide efficient electricity transmission and distribution solutions to the government discoms and EPC companies which cater to the diverse electrical connectivity needs of various industrial sectors. We operate under brand name of Vidhut Cables. With over three decades of experience in cable industry, we have consistently evolved to meet the dynamic requirements of the industry. We started with production of Polyvinyl Chloride (PVC) cables, and we later expanded our range to include Low Voltage (LV) cables, LT Aerial Bunched Cables, Cross-Linked Polyethylene (XLPE) cables. These products are designed for specific functions in electricity transmission and distribution. Each product serves a specific function in electricity transmission, from reliable power distribution in low voltage applications to highperformance cables used in overhead power lines. We ensure all our cables meet industry standards for safety and performance, while also staying aligned with the technology and requirements of the sector.
Peer Comparison:
- Dynamic Cables Limited
- DCG Cables & Wires Limited
Bhadora Industries Ltd IPO Key Points
Strengths
- Approved Vendor in Government Schemes.
- Visionary Leadership and Management.
- Quality Assurance.
- Sustainable Business Operations.
Risk
- The company is highly dependent on its top ten customers and the loss of any of these customers or a substantial reduction in their purchasing activity would have a significant negative impact on its business.
- The company raw material cost constitutes a significant percentage of its total expenses. Any increase in the prices, availability and quality of raw materials could adversely affect the company reputation, business, results from operations, financial conditions and cash flows. The company relies on few qualified suppliers for its primary raw material, loss of these suppliers may have an adverse effect on its business, results of operations and financial conditions.
- Its primary source of revenue largely depends on the sale to EPC Contractors. Consequently, any downturn in sales within this segment would significantly hamper its operations and profitability.
Strategy
- Setting up a New Manufacturing Plant.
- Increase in Geographical reach by exploring foreign markets.
- Expand Customer in EPC (Engineering, Procurement, and Construction) Segment.
- Strengthen our marketing network.
- Approved Vendor in Government Schemes.
- Visionary Leadership and Management.
- Quality Assurance.
- Sustainable Business Operations.
How To Apply for Bhadora Industries Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
