BMW Ventures IPO opens for subscription: Check GMP, price band and other details

The initial public offering (IPO) of BMW Ventures, the steel products distributor, will hit Dalal Street on September 24 and close on September 26. The company has fixed a price band of ₹94-99 for its maiden public issue.

Investors can bid for a minimum of 151 shares in one lot and in multiples thereof. The minimum amount of investment required by a retail investor is ₹14,949 based on the upper price band.

BMW Ventures aims to raise ₹231.66 crore via the IPO of 2.34 crore equity shares, which is an entirely fresh issue.

In terms of allocation, about 50% of the offer size has been set aside for qualified institutional buyers, 35% for retail investors, and the rest 15% for non-institutional investors.

BMW Ventures that also involves in trading of tractor engines and spare parts, and manufacturing of PVC pipes and fabrication of pre-engineered buildings and steel girders will utilise

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173.75 crore of IPO proceeds for its working capital requirements, and the remainder funds for general corporate purposes.

The company that is valued at ₹858 crore at the upper end of the price band has registered profit at ₹32.8 crore for the fiscal year 2025, growing 9.6% compared to ₹29.9 crore in previous year. Revenue during the same period increased by 6.4% to ₹2,062 crore, up from ₹1,938.2 crore.

Sarthi Capital Advisors is acting as the sole merchant banker, and Cameo Corporate Services Ltd. is the registrar of the issue.

The allotment for the BMW Ventures IPO is expected to be finalised on September 29, and the company's shares will be listed on BSE and NSE with a tentative listing date fixed as October 1.