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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹55.62 Cr |
| Reserved for Market Maker | ₹2.82 Cr |
| Net Issue Size | ₹55.62 Cr |
| Fresh Issue | ₹52.80 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹97.00-103.00 per share |
| NSE Code | BHADORA |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Unistone Capital Pvt.Ltd. |
| Allotment Status | |
| DRHP |
| RHP |
| Final Prospectus |
| Anchor List |
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Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,400 shares · Multiples of 1,200 shares
Incorporated in April 1986, Bhadora Industries Limited manufactures industrial cables for efficient electricity transmission and distribution, serving government discoms and EPC companies across various industrial sectors. The company operates under the brand name of "Vidhut Cables".
The product portfolio of the company includes Polyvinyl Chloride (PVC) cables Low Voltage (LV) cables, LT Aerial Bunched Cables and Cross-Linked Polyethylene (XLPE) cables.
The company's manufacturing facility is accredited by the Bureau of Indian Standards (BIS) and certified in Quality Management (BIS ISO 9001:2015), Environmental Management (ISO 14001:2015), and Occupational Health and Safety (ISO 45001:2018).
The company sells its products in the states of Andhra Pradesh, Assam,Bihar, Chhattisgarh, Delhi, Haryana, Himachal Pradesh, J&K, Jharkhand, Kerala, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Telangana, Uttar Pradesh and Uttarakhand.
The company supply its products to State Electricity Boards, domestic and EPC companies across India.
The company's manufacturing unit is located in Tikamgarh, Madhya Pradesh covering an area of 15028 Square Feet.
As of June 30, 2025, the company had 87 employees in various departments.
Competitive Strength
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Part finance the cost of establishing new manufacturing facility to expand production capabilities of cables at Plot Nos. 188/1, Village Panwa Tehsil Kasrawad, District Khargone, Madhya Pradesh, India (Proposed new facility) | 22.32 |
| 2 | Funding working capital requirements of the Company | 20.00 |
| 3 | General Corporate Purposes | 7.88 |
| 4 | Issue Expenses | 5.42 |
| Total | 55.62 |
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 48.76 | 25.87 | 20.13 |
| Total Income | 110.69 | 83.27 | 18.81 |
| Profit After Tax | 10.79 | 4.96 | 0.18 |
| EBITDA | 16.98 | 6.79 | 1.04 |
| NET Worth | 20.94 | 10.15 | 5.20 |
| Reserves and Surplus | 7.74 | 8.50 | 3.55 |
| Total Borrowing | 19.67 | 9.47 | 10.13 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 51.51% |
| ROCE | 42.41% |
| Debt / Equity | 0.94% |
| RoNW | 51.51% |
| PAT Margin | 9.80% |
| EBITDA Margin | 15.42% |
| Price to Book Value | 6.49 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 8.17 | 5.80 |
| P/E (x) | 12.6 | 17.76 |
| Promoter Holding | 92.42% | 65.59% |
| Market Cap | ₹191.58 Cr. | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager’s fees | 0.50 |
| 2 | Underwriting Fees | 4.34 |
| 3 | Fees payable to Market Maker to the Offer | 0.15 |
| 4 | Fees payable to Registrar to the Offer | 0.02 |
| 5 | Fees payable for Advertising and Publishing expenses | 0.13 |
| 6 | Fees payable to Regulators including Stock Exchanges & Depositories | 0.10 |
| 7 | Payment for Printing & Stationery, Postage, etc. | 0.04 |
| 8 | Fees payable to Statutory Auditor, Legal Advisors and other Professionals | 0.10 |
| 9 | Others | 0.05 |
Last Updated on 22-Aug-2025 09:03:37
