Bhadora Industries Ltd is coming up with an IPO consisting of a fresh issue of 54.00 Lakh shares with a face value of Rs. 10 per share. The company aims to finance a new manufacturing facility in Madhya Pradesh, support working capital needs, and meet general corporate requirements.
Bhadora Industries Ltd IPO – Important Dates
| Bhadora Industries Ltd IPO Date | August 4, 2025, to August 6, 2025. |
| Bhadora Industries Ltd IPO Listing Date | August 11, 2025 |
| Bhadora Industries Ltd IPO Price | INR 97 – 103 per share |
| Bhadora Industries Ltd IPO Lot Size | 1,200 Shares |
| Bhadora Industries Ltd IPO Total Issue Size | 54,00,000 shares |
| Bhadora Industries Ltd IPO Basis of Allotment | August 7, 2025 |
| Bhadora Industries Ltd IPO Initiation of Refunds | August 8, 2025 |
| Bhadora Industries Ltd IPO Credit of Shares to Demat | August 8, 2025 |
| Bhadora Industries Ltd IPO Issue Type | Bookbuilding IPO |
| Bhadora Industries Ltd IPO Listing At | NSE SME |
Bhadora Industries Ltd IPO – Company Profile
Incorporated in April 1986, Bhadora Industries Limited is a prominent manufacturer of industrial cables under the brand name “Vidhut Cables”, offering efficient electricity transmission and distribution solutions primarily for government DISCOMs and EPC companies.
The company started its operations with the manufacturing of Polyvinyl Chloride (PVC) cables and gradually expanded its product portfolio to include Low Voltage (LV) cables, LT Aerial Bunched Cables, and Cross-Linked Polyethylene (XLPE) cables. Each product is designed to fulfill specific functions in electricity transmission and distribution, delivering reliable performance across diverse applications.
Bhadora Industries operates a well-equipped manufacturing facility featuring advanced and efficient machinery such as Stranding cum Armouring Machines, Skip Stranding cum Armouring Machines, Laying cum 48 Bobbin Armouring Machines, and Rod Breakdown (RBD) machines, among others.
Bhadora Industries Ltd IPO Fundamental Analysis
Bhadora Industries Limited’s financial analysis reveals a growing performance. Revenue has increased, along with an increase in profitability. EPS, RoNW, and liquidity highlight challenges despite asset growth, rising equity, and improved inventory turnover, indicating potential operational efficiency.
- Revenue Trend: The revenue has significantly increased from ₹8,139.32 lakhs in March 2024 to ₹11,011.18 lakhs in March 2025.
- Equity and Liabilities: Equities have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has slightly increased, indicating rising reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹495.51 lakhs in March 2024 to ₹1078.68 lakhs in March 2025.
- Earnings per Share (EPS): The basic EPS (after adjusting for bonus issue) has increased from ₹3.75 in March 2024 to ₹8.17 in March 2025, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has increased from 48.80% to 51.51%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. Also, the current ratio has increased, indicating strengthening liquidity in meeting short-term obligations.
Bhadora Industries Ltd IPO Financial Analysis
| Particular | As of 31 March 2023 | As of 31 March 2024 | As of 31 March 2025 |
| Revenue From Operations (₹ in lakhs) | 1,844.03 | 8,139.32 | 11,011.18 |
| Total Income (₹ in lakhs) | 1,880.85 | 8,327.48 | 11,069.33 |
| EBITDA | 103.56 | 678.78 | 1,698.09 |
| EBITDA Margin (%) | 5.62% | 8.34% | 15.42% |
| Restated profit for the period/year (₹ in lakhs) | 18.06 | 495.51 | 1078.68 |
| Earnings per Share (EPS) | 0.14 | 3.75 | 8.17 |
| Return on Net Worth | 3.47% | 48.80% | 51.51% |
| Return on Capital Employed (%) | 7.72% | 42.91% | 42.41% |
| Debt-Equity Ratio | 1.95 | 0.93 | 0.94 |
| Current Ratio | 1.59 | 1.62 | 1.77 |
Bhadora Industries Ltd IPO Peer Comparison
Among its peers, Bhadora Industries Limited has the highest RONW, Dynamic Cables Limited has the highest revenue, EPS, and PE Ratio, and DCG Cables & Wires Limited shows consistent results.
| Company | Revenue fromoperations (₹ in lakhs) | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic & Diluted) (₹) | RoNW (%) | NAV (per share) |
| BhadoraIndustriesLtd | 11,011.18 | 10 | – | 8.17 | 51.51% | 15.86 |
| DynamicCablesLimited | 1,02,537.34 | 10 | 16.59 | 27.13 | 17.34% | 157.51 |
| DCGCables &WiresLimited | 12,756.13 | 10 | 16.32 | 4.46 | 10.24% | 43.56 |
Bhadora Industries Ltd IPO Objective
The main objective of Bhadora Industries Ltd is to utilise the Net Proceeds from the Issue towards financing the new manufacturing facility in Madhya Pradesh, fund their working capital requirements, and for General Corporate Purposes.
- New Manufacturing Facility in Madhya Pradesh: The total estimated cost to establish the proposed manufacturing unit in Village Panwa, Tehsil Kasrawad, District Khargone, is ₹ 2,922.24 lakhs, as estimated by the management. Of this cost, ₹ 2,231.57 lakhs shall be utilised from the Net Proceeds.
- Working Capital Requirements: The company proposes to invest ₹ 2,000.00 lakhs of the Net Proceeds towards investment for funding its working capital. They intend to expand their operations by increasing the capacity utilisation, enhance their presence in the current market, and expand their product portfolio by investing in new machinery, equipments, and infrastructure.
- General Corporate Purposes: The Company proposes to deploy the balance proceeds towards general corporate purposes as approved by its management from time to time, subject to such utilisation not exceeding 15% of the gross proceeds or ₹ 1,000.00 lakhs, whichever is lower, in compliance with the SEBI ICDR Regulations.
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Bhadora Industries Ltd IPO Risks And Challenges
Bhadora Industries Limited’s risk includes customer concentration risk, single manufacturing facility risk, limited supplier base, and reliance on government tenders.
- The company is highly dependent on its top 10 customers, and the loss or reduced purchasing activity of any of them could significantly impact its revenue and business performance.
- The company operates from a single manufacturing facility, and any disruption at this site could have a serious impact on production and financial performance.
- The company relies on a limited number of qualified suppliers for its primary raw materials, and the loss of any such supplier may negatively impact business continuity.
- Revenue generation also depends significantly on government tenders, which are awarded through competitive bidding, and failure to secure them consistently may reduce profitability.
Bhadora Industries Ltd IPO – Industry & Market Potential
India’s wire and cable industry is growing rapidly, driven by urbanization, infrastructure development, and strong demand for low-voltage cables. Rising construction activity and government initiatives like Smart Cities and RDSS are boosting the need for reliable and modern cable solutions.
Technological advancements and digital growth are driving demand for fiber optic and structured cables, fueled by 5G rollout, data center expansion, and rising internet usage. The EV sector, backed by government policies, is also boosting demand for high-capacity charging infrastructure.
Renewable energy and real estate sectors are further enhancing market potential. India’s push for clean energy, with targets like 500 GW by 2030, requires specialized cables for solar and wind projects. Meanwhile, a booming real estate market, projected to hit $1 trillion by 2030, boosts the need for high-quality electrical systems. Together, these sectors underscore the industry’s broad and growing relevance across key areas of national development.
Bhadora Industries Ltd IPO – Type of Offer
Bhadora Industries Limited plans a fresh issue of 54,00,000 shares, with a face value of Rs. 10 per share, to finance the new manufacturing facility in Madhya Pradesh, fund their working capital requirements, and for General Corporate Purposes.
- Fresh Issue: The company will issue 54,00,000 shares to raise capital. The company intends to utilise the proceeds from the fresh issue to increase its spending on business developments of the company and to fund its working capital requirements, ensuring development and growth.
Bhadora Industries Ltd IPO Offer Size
The offer size of Bhadora Industries consists of a fresh issue of 54,00,000 equity shares, with a face value of Rs. 10 per share. The company aims to finance a new manufacturing facility in Madhya Pradesh, support working capital needs, and meet general corporate requirements.
Bhadora Industries Ltd IPO Allotment Structure
Bhadora Industries Ltd allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs. 2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs. 2 lakhs.
How to apply for the Bhadora Industries Ltd IPO?
To apply for the Bhadora Industries Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Bhadora Industries Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Bhadora Industries Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Bhadora Industries Ltd IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Bhadora Industries IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Bhadora Industries Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Bhadora Industries Limited IPO:
● Registrar’s Website: Visit the website of MUFG Intime India Private Limited, the registrar of the Bhadora Industries Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE NSE: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) National Stock Exchange (NSE). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Bhadora Industries Ltd IPO Offer Registrar
The registrar for the Bhadora Industries Limited IPO is MUFG INTIME INDIA PRIVATE LIMITED(Formerly known as Link Intime India Private Limited). They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
MUFG INTIME INDIA PRIVATE LIMITED
(Formerly known as Link Intime India Private Limited)
C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg,
Vikhroli (West), Mumbai 400 083 Maharashtra, India
Telephone: +091 8108114949
E-mail id: [email protected]
Website: www.linkintime.co.in
Bhadora Industries Ltd IPO – FAQs
The allotment date of the Bhadora Industries IPO is August 7, 2025.
The price band of the Bhadora Industries IPO is ₹97 to ₹103 per share.
The offer size of Bhadora Industries consists of a fresh issue of 54,00,000 equity shares, with a face value of Rs. 10 per share. The company aims to finance a new manufacturing facility in Madhya Pradesh, support working capital needs, and meet general corporate requirements.
The listing date of the Bhadora Industries IPO is August 11, 2025.
The Bhadora Industries IPO is getting listed on the National Stock Exchange (NSE).
The open and close dates of the Bhadora Industries Limited IPO are August 4, 2025, and August 6, 2025, respectively.
To apply for the Bhadora Industries Limited IPO through Alice Blue, open a Demat and trading account, check IPO details, place your bid within the price band, submit the application, and check allotment status. Allotment depends on demand, and shares are not guaranteed.
The book runner for the Bhadora Industries IPO is Unistone Capital Private Limited.
Disclaimer: The above article is written for educational purposes and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
