All details for B.D.Industries (Pune) IPO: Dates, price, financials, objectives, KPIs, registrar, and business overview.
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B.D.Industries (Pune) IPO: At a Glance
IPO Timeline
| IPO Activity | Date |
|---|---|
| IPO Open Date | July 30, 2025 |
| IPO Close Date | August 1, 2025 |
| Basis of Allotment (Tentative) | August 4, 2025 |
| Refunds Initiation (Tentative) | August 5, 2025 |
| Credit of Shares to Demat (Tentative) | August 5, 2025 |
| IPO Listing Date (Tentative) | August 6, 2025 |
IPO Price & Lot Size
| Issue Price Band | ₹102 – ₹108 per share |
|---|---|
| Market Lot | 1,200 Shares |
| Retail Min | 2 lots (2,400 shares) – ₹2,59,200 |
| Retail Max | 2 lots (2,400 shares) – ₹2,59,200 |
| S-HNI Min | 3 lots (3,600 shares) – ₹3,88,800 |
| S-HNI Max | 7 lots (8,400 shares) – ₹9,07,200 |
| B-HNI Min | 8 lots (9,600 shares) – ₹10,36,800 |
Company Financials (₹ Crore)
Bar Chart: Revenue, PAT & Net Worth
Line Chart: Revenue, PAT & Net Worth
| Period Ended | Assets | Revenue | Profit After Tax | EBITDA | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 68.90 | 84.13 | 8.15 | 15.58 | 21.14 | 11.13 | 22.19 |
| 31 Mar 2024 | 31.96 | 55.33 | 3.18 | 5.79 | 13.54 | 13.53 | 5.06 |
| 31 Mar 2023 | 27.18 | 55.10 | 1.49 | 3.21 | 10.36 | 10.35 | 2.21 |
Key Performance Indicators (KPI)
| KPI | Values |
|---|---|
| ROE | 43.86% |
| ROCE | 43.50% |
| Debt/Equity | 1.05 |
| RoNW | 35.97% |
| PAT Margin | 9.23% |
| EBITDA Margin | 18.92% |
| Price to Book Value | 6.42 |
| EPS (Pre IPO) | 8.14 |
| EPS (Post IPO) | 5.73 |
| P/E (Pre IPO) | 13.27 |
| P/E (Post IPO) | 18.83 |
Objects of the Issue
| S.No. | Objects of the Issue | Expected Amount (₹ Cr.) |
|---|---|---|
| 1 | Repayment or Pre-payment of borrowings of the Company | 6.80 |
| 2 | Funding Working Capital Requirement of the Company | 7.30 |
| 3 | Repayment or Pre-payment of its borrowings | 11.60 |
| 4 | Purchase of Machinery | 5.40 |
| 5 | Funding Working Capital Requirement | 7.30 |
| 6 | General Corporate Purpose | – |
About B.D.Industries (Pune) Ltd.
Incorporated: 1984
Business: Manufacturing of rotationally molded plastic products.
Products: Plastic fuel tanks (for off-road vehicles, agricultural, motorcycles, marine, industrial machinery), urea tanks, fenders, hydraulic tanks, air ducts, mudguards, cabin roofs, battery boxes, pallets, transmission covers, barricades, bus seats, door panels.
Industries Served: Automotive, F&B, pharma, e-commerce, electronics, chemicals, marine, healthcare, safety.
Plants: Pune, Dewas, Hoshiarpur, (Zaheerabad, Telangana – under construction).
Strengths: Lightweight, corrosion-resistant, cost-effective, customizable products.
Employees: 98 (as of May 31, 2025).
Promoters: Dalbirpal Saini, Arti Saini, Akshay Saini, Rahul Saini
- Experienced management team
- Quality assurance & long-standing client relations
- Established, scalable manufacturing & diversified product mix
Contact Details
15th Flr, 1501-B, Universal Majestic,
PL Lokhande Marg, G M Link Road, Nr RBK International School, Govand West
Mumbai, Maharashtra, 400043
Phone: 022-6249-0801
Email: cs@bdi-group.org
Website: https://www.bdi-group.org/
Frequently Asked Questions (FAQ)
The price band for B.D. Industries IPO is ₹102 to ₹108 per share.
The IPO is scheduled to open for subscription on July 30, 2025, and close on August 1, 2025.
The minimum investment for retail investors is ₹2,59,200 (2,400 shares at the upper price band of ₹108 per share). The minimum lot size is 1,200 shares, but retail investors must apply for at least 2 lots (2,400 shares). For HNI, the minimum investment is ₹3,88,800 (3,600 shares or 3 lots).
You can apply for the IPO through:
- Your bank's net banking platform
- Brokerage accounts, using UPI or offline forms
- Registered investment platforms
- Designated branches of syndicate banks
Retail investors can bid at the cut-off price. Detailed instructions are available in the Red Herring Prospectus (RHP).
B.D. Industries (Pune) Ltd. specializes in manufacturing rotationally molded plastic products. Its revenue sources include:
- Plastic fuel tanks for off-road vehicles, agricultural equipment, motorcycles, marine applications, and industrial machinery
- Automotive products like tractor fenders, urea tanks, transmission covers, cabin roofs, bus seats, and mudguards
- Pallets for F&B, pharma, e-commerce, automotive, electronics, and chemical industries
- Other products like 2-meter barricades, battery boxes, and door panels
The company operates three manufacturing facilities in Pune, Dewas, and Hoshiarpur, with a fourth under construction in Zaheerabad, Telangana.
Key risks to consider include:
- Market risk: Dependence on automotive and industrial sectors, sensitive to economic cycles
- Debt risk: Debt-to-equity ratio of 1.05 with borrowings of ₹22.19 Cr as of FY25
- Competition: Intense competition from other plastic molding manufacturers
- Operational risk: Reliance on raw material availability and manufacturing efficiency
- Regulatory risk: Compliance with environmental and product safety regulations
Investors should review the risk factors in the RHP before investing.
The net proceeds from the fresh issue (₹43.03 Cr, excluding market maker portion) will be used for:
- Repayment or pre-payment of borrowings: ₹18.40 Cr
- Purchase of machinery: ₹5.40 Cr
- Funding working capital requirements: ₹14.60 Cr
- General corporate purposes: Remaining amount
B.D. Industries has shown strong growth:
- Revenue growth: ₹55.10 Cr (FY23) to ₹55.33 Cr (FY24) to ₹84.13 Cr (FY25), a 52% increase from FY24 to FY25
- Profit after tax: ₹1.49 Cr (FY23) to ₹3.18 Cr (FY24) to ₹8.15 Cr (FY25), a 156% increase from FY24 to FY25
- Net worth: ₹10.36 Cr (FY23) to ₹13.54 Cr (FY24) to ₹21.14 Cr (FY25)
- Three operational manufacturing facilities and a fourth under construction
- 98 employees as of May 31, 2025, with quality assurance certifications
The company’s diversified product mix and scalable business model drive its growth.
As of March 31, 2025:
- Total borrowings: ₹22.19 Cr
- Debt-to-equity ratio: 1.05
- Revenue: ₹84.13 Cr, supporting debt servicing capacity
The company’s moderate debt levels are supported by IPO proceeds allocated for debt repayment.
The book running lead manager for the B.D. Industries IPO is Aryaman Financial Services Limited. The registrar is Cameo Corporate Services Limited, and the market maker is Aryaman Capital Markets Limited.
Note: The information provided here is based on the RHP and available data as of July 26, 2025. For the most updated and accurate details, including subscription status and grey market premium, please refer to the Red Herring Prospectus (RHP) or consult with your financial advisor.
