Bhadora Industries IPO opens August 4: Details, financials, and listing outlook

Bhadora Industries Limited, the company behind the trusted brand Vidhut Cables, is set to launch its SME IPO on the NSE SME platform from August 4 to August 6, 2025. With a total issue size of ₹55.62 Crores through a fresh issue of 54 lakh equity shares, the company aims to expand its manufacturing capabilities and meet growing industry demand.

The price band is set at ₹97 to ₹103 per equity share, and the market lot is 1,200 shares. Retail investors need to apply for a minimum of 2 lots (2,400 shares), requiring an investment of ₹2,47,200. The tentative listing date is Monday, August 11, 2025.

About the Company

Founded in 1988, Bhadora Industries Limited has built a solid reputation in the electrical cable segment. Under its flagship brand Vidhut Cables, the company manufactures and supplies a wide variety of industrial and power cables such as Armoured Cables, XLPE Cables, AB Cables, and ACSR Conductors.

The company’s operations adhere to BIS and international standards, focusing on eco-friendly, innovative, and reliable solutions for the power and utility sector. Its modern infrastructure supports scalable production to meet rising market demands.

The promoters — Shashank Bhadora (Managing Director) along with Pradeep Bhadora and Anil Bhadora — bring more than 30 years of experience in cable manufacturing, playing a critical role in the company’s operational success and market reach.

Financial Performance

Bhadora Industries has shown impressive year-on-year growth:

• EPS (FY24): Pre-issue ₹8.17, Post-issue ₹5.80

• P/E Ratio: Pre-issue 12.60x, Post-issue 17.76x (vs. industry P/E of 16x)

• ROCE (FY24): 42.41%

• ROE (FY24): 51.51%

• RoNW (FY24): 51.51%

These strong financial metrics reflect consistent operational efficiency, making the company an attractive proposition for growth-focused investors.

IPO Objectives

The IPO proceeds will be used as follows:

1. ₹22.31 Crores for part-financing the cost of a new manufacturing facility at Panwa, Madhya Pradesh.

2. ₹20 Crores for working capital requirements.

3. The remaining for general corporate purposes.

IPO Grey Market Premium (GMP) and Listing Outlook

As of July 30, 2025, the Grey Market Premium stands at ₹10, indicating an expected listing price of ₹113 — a 9.70% premium over the upper issue price of ₹103. While GMPs are unofficial and speculative, they reflect market sentiment and investor interest.

IPO Subscription Details

The live subscription status will be available on the NSE SME platform from August 4, 2025 onwards.

Allotment and Listing Timeline

• IPO Opens: August 04, 2025

• IPO Closes: August 06, 2025

• Allotment Date: August 07, 2025 (Thursday)

• Listing Date: August 11, 2025 (Monday)

How to Check Allotment Status

You can check the IPO allotment status by:

1. Visiting the registrar’s website – MUFG Intime India Pvt Ltd

2. Selecting Bhadora Industries IPO from the dropdown

3. Entering your PAN, Application Number, or DP Client ID

Final Verdict

Given Bhadora Industries' consistent financial growth, robust ROE and ROCE, and expansion plans through the new facility, the IPO appears fairly valued.

The current GMP of ₹10 suggests moderate listing gains. Investors looking for listing gains can consider applying, while long-term investors may wait for post-listing performance clarity.

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Disclaimer

The above analysis is for educational and informational purposes only and does not constitute investment advice. IPO investments are subject to market risks. Kindly consult your financial advisor before investing.

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The Upcoming IPOs in this week and coming weeks are BLT Logistics, Bhadora Industries, Highway Infrastructure, Parth Electricals & Engineering, Jyoti Global Plast, Essex Marine, Aaradhya Disposal Industries.

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The Current active IPO are Flysbs Aviation, Cash Ur Drive Marketing, Renol Polychem, B.D. Industries (Pune), NSDL, Takyon Networks, Mehul Colours, M&B Engineering, Sri Lotus Developers & Realty.

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Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

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