Mumbai: The much-awaited IPO of BMW Ventures opened for subscription on September 24 and will remain open till September 26. The company has set a price band of Rs 94 to Rs 99 per share.
Retail investors
can bid in lots of 151 shares, which is the minimum investment size.
Company Aims to Raise Rs 231 Crore
Through this IPO, BMW Ventures plans to raise Rs 231.66 crore. This is a 100 percent fresh issue, meaning the company will issue 2.34 crore new equity shares.
Out of the total offer:
- 50 percent is reserved for Qualified Institutional Buyers (QIBs)
- 35 percent for retail investors
- 15 percent for non-institutional investors (NIIs)
What Does BMW Ventures Do?
BMW Ventures is a distributor of steel products. Apart from this, it is also involved in the trading of tractor engines and spare parts.
The company also manufactures PVC pipes, pre-engineered buildings, and steel girders—used in infrastructure and industrial projects.
Use of IPO Funds
Out of the total proceeds:
- Rs 173.75 crore will be used for working capital needs
- The rest will go towards general corporate purposes
Financials and Valuation
At the upper price band of Rs 99, BMW Ventures is valued at around Rs 858 crore.
In FY25, the company reported a profit of Rs 32.8 crore, up by 9.6 percent from Rs 29.9 crore the previous year. Its revenue also rose to Rs 2,062 crore, compared to Rs 1,938 crore last year.
Allotment and Listing Dates
The share allotment process will be completed by September 29, and the stock is likely to be listed on both BSE and NSE on October 1.
This IPO gives retail investors a low-entry price and a chance to invest in a growing steel and infrastructure-focused company.
