IPO Details
Bidding Dates
24 Sep '25 - 26 Sep '25
Minimum Investment
₹14,949/ 1 Lot (151 Shares)
Price Range
₹94 -₹99
Maximum Investment
₹1,94,337/ 13 Lots (1,963 Shares)
Retail Discount
To be announced
Issue Size
₹231.66 Cr
Investor category and sub category
Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) |BMW Ventures IPO Important Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Sep 24, 25
IPO Closing Date
Sep 26, 25
Basis of Allotment
Sep 29, 25
Initiation of Refunds
Sep 29, 25
IPO Listing Date
Oct 01, 25
IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
|
Day 1Sep 23, 2025 |
1.08 | 0.02 | 0.13 | 0.11 |
|
Day 2Sep 24, 2025 |
1.08 | 0.05 | 0.27 | 0.22 |
|
Day 3Sep 25, 2025 |
3.09 | 3.03 | 0.99 | 1.50 |
About Company
BMW Ventures IPO is a book-built issue with a total size of ₹231.66 crore. The issue is entirely a fresh issue of 2.34 crore shares of ₹231.66 crore, aiming to raise funds for the company’s business needs. The IPO opens for subscription on September 24, 2025, and will close on September 26, 2025.
The basis of allotment is expected to be finalised on September 29, 2025, and the shares are likely to be listed on NSE and BSE on October 1, 2025. The price band for the issue is set between ₹94 and ₹99 per share, offering investors an entry at different levels.
The minimum application size is 151 shares, making the minimum investment for retail investors ₹14,949 at the upper band. For HNI investors, the minimum lot size is 14 lots, equivalent to 2,114 shares, amounting to ₹2,09,286.
Sarthi Capital Advisors Private Limited is acting as the book running lead manager, while Cameo Corporate Services Limited has been appointed as the registrar to the issue.
BMW Ventures IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Funds will be utilised towards working capital requirements of the company.
- Funds will be used for general corporate purposes.
About BMW Ventures Limited
BMW Ventures Limited is a diversified company primarily engaged in the trading and distribution of steel products, tractor engines and spare parts, as well as the manufacturing of PVC pipes, roll forming, and fabrication of pre-engineered buildings (PEB) and steel girders.
Over the years, the company has built a strong distributorship network across Bihar, specialising in both long and flat steel products, tractor engines, PVC, and fabrication solutions.
The company is a leading distributor of long and flat steel products in Bihar, supported by an extensive dealer network. As of March 31, 2025, BMW Ventures supplied products through 1,299 dealers spanning 29 out of 38 districts in the state.
Its product portfolio includes TMT bars, wire rods, galvanized wires, structural steel hollow sections, galvanized corrugated (GC) sheets, galvanized plain (GP) sheets, hot rolled (HR) sheets and coils, cold rolled (CR) sheets and coils, color-coated sheets, farm tools and equipment, and residential and commercial steel doors and windows.
These products are sourced exclusively from its primary supplier in Bihar and are widely utilised in construction, automotive, and general engineering industries.
Steel distribution remains the cornerstone of BMW Ventures’ business, contributing the majority of its revenue. In Fiscal 2025, the segment accounted for 98.43% of revenue from operations, with the remaining derived from tractor engine distribution, PVC manufacturing, and fabrication.
In addition to steel distribution, BMW Ventures is engaged in the distribution of tractor engines and spare parts, which contributed 0.55% of revenue in Fiscal 2025. Leveraging its decades of experience in the steel market, the company has also expanded into fabrication of steel girders and PEBs.
Its fabrication unit, located at the Purnea stockyard, is recognized as an approved fabricator by the Research Designs and Standards Organisation (RDSO), reinforcing its reputation for quality and reliability.
In January 2025, the company further diversified its operations by starting corrugation of GC and color-coated sheets and offering cut-to-length services for HR and GP sheets to meet customized dealer and customer requirements.
To support its large-scale operations, BMW Ventures operates six stockyards one in Purnea and five in Patna equipped with material handling equipment for cutting, shaping, resizing, loading, and unloading products. The company also maintains in-house logistics support, supplemented by third-party logistics when required, ensuring timely deliveries across its network.
Industry Outlook
- Exchange rate movements of the Indian rupee affect cost competitiveness, as a stronger rupee reduces the cost of imported raw materials while a weaker rupee raises input costs for the industry
- Rising gross fixed capital formation, which grew from ₹40.83 trillion in fiscal 2018 to an estimated ₹58.27 trillion in fiscal 2024, is driving capacity expansion, modernisation and technology upgrades in the steel sector
- The National Steel Policy 2017 envisions boosting domestic steel consumption to 158 kg per capita by fiscal 2030, up from 65 kg in 2017, with targeted steel making capacity of 300 million tonnes
- Policy focus on import substitution, production of high-end value-added steel, and export expansion to around 24 million tonnes by 2030 is expected to further strengthen the long-term industry outlook.
How To Apply for the BMW Ventures IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the BMW Ventures IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of BMW Ventures IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of BMW Ventures Limited
Registered office: 1st Floor, Mona Cinema Complex, East Gandhi Maidan, Patna-800004 Patna, Bihar, 800004.
Phone:+91 81022 23771
E-mail:cs@bmwventures.com
Website:http://www.bmwventures.com/
BMW Ventures IPO Reservation
|
Investor Category |
Shares Offered |
|
QIB Shares |
Not more than 1% of the net offer |
|
NII (HNI) Shares |
Not less than 24% of the offer |
|
Retail Shares |
Not less than 75% of the offer |
BMW Ventures IPO Lot Size Details
|
Application |
Lots |
Shares |
Amount |
|
Individual investors (Retail) (Min) |
1 |
151 |
₹14,949 |
|
Individual investors (Retail) (Max) |
13 |
1,963 |
₹1,94,337 |
|
S-HNI (Min) |
14 |
2,114 |
₹2,09,286 |
|
S-HNI (Max) |
66 |
9,966 |
₹9,86,634 |
|
B-HNI (Min) |
67 |
10,117 |
₹10,01,583 |
BMW Ventures IPO Promoter Holding
The promoters of the company include Bijay Kumar Kishorepuria, Sabita Devi Kishorepuria, Nitin Kishorepuria, Rachna Kishorepuria, BMW Fin-Invest Private Limited and Ridhisidhi Fincon Private Limited.
|
Share Holding Pre-Issue |
100% |
|
Share Holding Post Issue |
73.02% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for BMW Ventures IPO
|
KPI |
Value |
|
ROE (%) |
15.62 |
|
RoCE (%) |
12.80 |
|
Debt/Equity |
2.04 |
|
RoNW (%) |
16.54 |
|
EBITDA Margin (%) |
4.24 |
BMW Ventures IPO Prospectus
BMW Ventures IPO Registrar and Lead Managers
BMW Ventures IPO Lead Managers
- Sarthi Capital Advisors Private Limited
Registrar for BMW Ventures IPO
Cameo Corporate Services Limited
- Contact Number: +91-44-28460390
- Email Address: ipo@cameoindia.com
- BMW Ventures IPO Registrar: https://ipo.cameoindia.com/
Financial Performance of BMW Ventures Limited
| Particulars | Year ending on March 31, 2025 | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
|---|---|---|---|
| Revenue from Operations (₹ lakh) | 206,733.21 | 194,203.15 | 201,812.23 |
| Profit After Tax (₹ lakh) | 3,282.33 | 2,993.54 | 3,265.86 |
| Net Worth (₹ lakh) | 21,011.78 | 18,670.81 | 15,647.70 |
| Total Borrowings (Debt/Equity) | 2.04 | 2.12 | 1.81 |
| Return on Equity (RoE %) | 15.62 | 16.03 | 20.87 |
| Return on Capital Employed (RoCE%) | 12.80 | 11.68 | 14.31 |
| EBITDA (₹ lakh) | 8,739.30 | 7,255.66 | 6,784.59 |
Know before investing
Strengths
8-
Considerable experience of promoters with more than a decade in the steel and allied businesses.
-
Established and exclusive relationship with the primary supplier for long and flat steel products in Bihar.
-
Strong sales and distribution network with more than 1,299 dealers covering 29 districts in Bihar.
-
Wide and diversified product portfolio including steel products, PVC pipes, tractor engines, PEBs, and steel girders.
-
Healthy financial risk profile with net worth of ₹21,011.78 lakh and comfortable interest coverage ratio.
-
Long-standing relationships with established industry players and institutional customers.
-
Diversification into manufacturing of pre-engineered buildings and steel girders, approved by RDSO.
-
Land bank of 52.88 acres available for future expansion.
Risks
8-
Low operating margin (3.6–4.2%) due to trading-focused model and limited value addition.
-
High dependence on the primary supplier for sourcing steel products.
-
Geographical concentration with major revenue generated from Bihar, limiting national footprint.
-
Revenue heavily skewed toward steel distribution business (over 98% of total revenue), low diversification in revenue streams.
-
Debt-to-equity ratio of above 2.0 in FY2024 and FY2025, reflecting reliance on borrowings.
-
Exposure to volatility in steel prices, which can impact profitability.
-
Limited presence in high-margin downstream or value-added steel segments.
-
Dependence on government infrastructure spending cycles for demand growth.
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BMW Ventures Limited Peer Comparison
| Company Name | Revenue FY 2024-25 (₹ lakh) | EBITDA Margin (%) | RoCE (%) | PAT FY 2024-25 (₹ lakh) |
|---|---|---|---|---|
| BMW Ventures Limited | 206,733.21 | 4.24 | 12.80 | 3,282.33 |
| Shiv Aum Steel Limited | 55,465.87 | 3.85 | 9.84 | 966.56 |
BMW Ventures IPO FAQs
BMW Ventures IPO is a book built issue IPO. It runs from September 24, 2025, to September 26, 2025.
The Basis of Allotment will happen on Monday, September 29, 2025.
The IPO subscription window will open on September 24, 2025.
The minimum lot size retail investors can subscribe to is 1 Lot, and the lot size is 151 shares.
The listing date for BMW Ventures IPO is Wednesday, October 1, 2025.
The issue size of the BMW Ventures IPO is ₹231.66 crore.
The open and close dates for BMW Ventures IPO are from September 24, 2025, to September 26, 2025.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
You will receive a notification once your order is successfully placed with the exchange after the bidding starts.
Cameo Corporate Services Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.
The BMW Ventures IPO is proposed to be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
- Multiple Submissions: Use different Demat accounts to make multiple applications.
- Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
- Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
To read BMW Ventures Limited‘s financial statements, download the IPO’s RHP document.
Pre-apply allows investors to apply for the BMW Ventures IPO two days before the subscription period opens, ensuring an early submission of your application.
Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.
