Bhadora Industries Limited, through its trusted brand Vidhut Cables, is a reputed manufacturer of premium industrial and power cables. Incorporated in 1988, the company is well-regarded for offering eco-friendly, BIS-compliant, and internationally approved cable solutions.

The company offers a wide product range including Armoured Cables, XLPE Cables, AB Cables, and ACSR Conductors, and caters to diverse industrial sectors.

IPO Details and Key Dates

Bhadora Industries Limited is launching a Book Built IPO worth ₹55.62 Crores, comprising entirely a Fresh Issue of 54 lakh equity shares. The IPO opens on August 04, 2025, and closes on August 06, 2025. The allotment date is expected on August 07, and listing is likely on August 11, 2025 on the NSE SME platform.

The price band of the IPO is set at ₹97 to ₹103 per equity share. The market capitalisation at the upper price band is estimated to be ₹191.58 Crores.

The lot size is 1,200 shares. Investors must apply for at least 2 lots, amounting to 2,400 shares, which equals a minimum investment of ₹2,47,200.

The IPO is managed by Unistone Capital Private Limited, with MUFG Intime India Pvt Ltd as the registrar, and NNM Securities Pvt Ltd as the market maker.

GMP and Subscription Outlook

As per market sources, the Grey Market Premium (GMP) for Bhadora Industries IPO stands at ₹10, indicating an expected listing price of ₹113 — which is a 9.70% premium over the upper price band. However, investors are advised to view GMPs cautiously as they are not officially regulated and only reflect unorganized market trends.

Subscription for the IPO opens on August 04, 2025, and is expected to attract strong investor interest given the company’s financial performance and industrial relevance.

How to Check IPO Allotment Status

The IPO allotment status can be checked online from August 07, 2025. Here's a simple step-by-step guide:

1. Visit the IPO allotment portal.

2. Select Bhadora Industries IPO from the dropdown list.

3. Enter either Application Number, PAN, or DP Client ID.

4. Click submit to view your allotment status.

This will help investors confirm their share allotment and take the next steps accordingly.

Objectives of the Issue

Bhadora Industries plans to utilise the IPO proceeds for:

1. ₹2,231.57 Lakh to part finance the cost of setting up a new manufacturing facility at Khargone, Madhya Pradesh.

2. ₹2,000.00 Lakh for working capital requirements.

3. Remaining funds for general corporate purposes.

The new facility will help increase production of industrial cables and conductors, helping the company expand its reach and product line.

Promoter Background and Leadership

The company is led by Shashank Bhadora, the Promoter and Managing Director, who has a deep understanding of industrial cable manufacturing. Other key promoters include Pradeep Bhadora and Anil Bhadora, both bringing over three decades of experience in the cable industry.

Their leadership has played a vital role in the consistent growth and innovation in the company’s product offerings.

Financial Performance and Valuation Metrics

Bhadora Industries has shown consistent growth across revenue, EBITDA, and PAT over the last three fiscal years:

• FY23 Revenue: ₹1,880.85 Lakh

• FY24 Revenue: ₹8,327.48 Lakh

• FY25 Revenue: ₹11,069.33 Lakh

• FY23 EBITDA: ₹140.38 Lakh

• FY24 EBITDA: ₹866.95 Lakh

• FY25 EBITDA: ₹1,756.24 Lakh

• FY23 PAT: ₹18.06 Lakh

• FY24 PAT: ₹495.52 Lakh

• FY25 PAT: ₹1,078.69 Lakh

The company has registered impressive profit growth, especially in FY24 and FY25, indicating sound operational efficiency and financial health.

The Key Valuation Ratios include:

• Pre-Issue EPS (FY24): ₹8.17

• Post-Issue EPS (FY24): ₹5.80

• Pre-Issue P/E: 12.60x

• Post-Issue P/E: 17.76x

• Industry P/E: 16x

This suggests the IPO is fairly priced and offers reasonable valuation based on earnings multiples.

The Return on Capital Employed (ROCE) for FY24 is 42.41%, and Return on Equity (ROE) and Return on Net Worth (RoNW) are both 51.51% — all of which indicate strong profitability metrics.

Should You Apply to Bhadora Industries IPO?

Given the strong financials, growing revenues, robust return ratios, and a reasonable valuation, the IPO appears attractively positioned for listing gains.

The presence of high promoter experience, a clear growth strategy, and an established brand in power cables adds further weight to the company’s long-term potential.

Investors looking for short-term listing gain and long-term industrial growth exposure can consider applying to the Bhadora Industries Limited IPO.

However, like all market investments, due diligence and personal risk assessment are advised before making the final investment decision.

Disclaimer
This article is for educational and informational purposes only and does not constitute financial advice. Investment decisions should be based on individual risk tolerance and consultation with SEBI-registered advisors. Market conditions are volatile and subject to change. Neither the author nor the platform is responsible for losses arising from use of this information.

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