BMW Ventures' ₹231.66 crore IPO is open from September 24 to 26. The company supplies steel products and tractor engines. Out of the funds raised from the IPO, ₹173.75 crore will be spent on working capital, and the rest on corporate objectives. In recent years, the company's profit has remained stable, but debt has consistently increased.
BMW Ventures IPO: Bihar-based steel and tractor engine company BMW Ventures' ₹231.66 crore IPO is open for subscription from September 24 to September 26. Under the IPO, only fresh shares will be issued, and the share price is fixed between ₹94-₹99. The major portion of the funds raised from the company's IPO will be used for working capital, and the remaining for corporate objectives. BMW Ventures operates with a network of 1,299 dealers across 29 districts in Bihar, and in recent years, while profits have remained stable, there has been an increase in debt.
Grey Market Premium (GMP)
Currently, there is no significant activity for BMW Ventures' shares in the grey market. The GMP, or Grey Market Premium, has been recorded as zero. Experts believe that investors should analyze the company's fundamentals and financial position rather than relying too heavily on grey market signals. This increases their chances of stable and secure long-term investment gains.
This IPO commenced on September 24 and will remain open until September 26. Investors must place their bids during this period. The allotment of shares in the IPO will be finalized on September 29. Subsequently, these shares will be listed on both BSE and NSE stock exchanges starting October 1. This timeline is crucial for investors as they can ascertain the status of their shares and begin trading only after allotment.
Shares Issued in the IPO
Under this IPO, only fresh shares will be issued. This means there will be no Offer for Sale (OFS) window, and the company is not planning to raise money by selling shares from its existing shareholders. The face value of all shares has been set at ₹10. This assures new investors that they are directly participating in the company's expansion and growth.
Registrar and Allotment
The registrar for the IPO is Cameo Corporate Services. Investors can check their allotment status after allotment by visiting Cameo's website or BSE's website. This process is transparent and straightforward, allowing investors to easily obtain information about their investment amount and allotment status.
Utilization of IPO Funds
BMW Ventures aims to raise a total of ₹231.66 crore through this IPO. Out of this, ₹173.75 crore will be utilized to meet working capital requirements. The remaining amount will be used by the company for general corporate purposes. This means the company is securing funds for its business operations, expansion, and new projects.
Company Introduction
BMW Ventures is a leading company engaged in the business of steel products, tractor engines, and spare parts. The company manufactures PVC pipes, roll forming products, pre-engineered buildings, and steel girders. Its business network includes a total of 1,299 dealers across 29 districts in Bihar. Through this extensive dealer network, the company delivers its products to a large customer base.
Product Portfolio
The company's product portfolio is diverse and extensive. BMW Ventures sells TMT bars, GI sheets, HR sheets, wire rods, galvanized color-coated sheets, doors, GP sheets, pipes, hollow sections, screws, and other steel products. Additionally, the company also distributes tractor engines in Bihar. The company has six stockyards, one located in Purnia and five in Patna. This extensive network and diverse product portfolio demonstrate the company's market strength and growth potential.
Financial Position
BMW Ventures' financial position has seen some fluctuations. In FY 2023, the company's net profit was ₹32.66 crore. This decreased to ₹29.94 crore in FY 2024 but increased to ₹32.82 crore in FY 2025. Similarly, there were changes in the company's total income. In 2023, the total income was ₹2,018.12 crore, which decreased to ₹1,942.03 crore in 2024 but rose to ₹2,067.33 crore in 2025. These figures indicate that the company has succeeded in increasing its income and profit despite market challenges.
The company's debt burden has been consistently increasing. At the end of FY 2023, the debt was ₹283.58 crore, which increased to ₹395.30 crore in 2024 and reached ₹428.39 crore in 2025. While attention to the debt situation is necessary, investors can make decisions considering the company's b fundamentals and growth plans.
