New Delhi, September 24 (Udaipur Kiran News): BMW Ventures, a steel products manufacturer, opened its ₹231.66 crore initial public offering (IPO) for subscription today. The issue will remain open till September 26.
The IPO comprises 2,34,00,000 fresh equity shares with a face value of ₹10 each. The price band has been set between ₹94 and ₹99 per share, and the lot size is 151 shares.
In terms of allocation, only 1% of the issue is reserved for Qualified Institutional Buyers (QIBs), while 75% is allocated for retail investors and 24% for Non-Institutional Investors (NIIs). Sarathi Capital Advisors Private Limited is acting as the book-running lead manager, and Cameo Corporate Services Limited is the registrar. Share allotment will be finalized on September 29, and the listing on BSE and NSE is scheduled for October 1.
As per the company’s prospectus, financial performance has shown fluctuations. Net profit stood at ₹32.66 crore in FY 2022–23, declined to ₹29.94 crore in FY 2023–24, and then rose to ₹32.82 crore in FY 2024–25. Revenue followed a similar trend, at ₹2,018.12 crore in FY 2022–23, dropping to ₹1,942.03 crore in FY 2023–24, before recovering to ₹2,067.33 crore in FY 2024–25.
Meanwhile, borrowings continued to rise, increasing from ₹283.58 crore in FY 2022–23 to ₹395.30 crore in FY 2023–24, and further to ₹428.39 crore in FY 2024–25. EBITDA stood at ₹72.56 crore in FY 2023–24, rising to ₹87.39 crore in FY 2024–25.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
