All details for Bhadora Industries IPO: Dates, price, financials, objectives, KPIs, registrar, and business overview.
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Bhadora Industries IPO: At a Glance
IPO Timeline
| IPO Activity | Date |
|---|---|
| IPO Open Date | August 4, 2025 |
| IPO Close Date | August 6, 2025 |
| Basis of Allotment (Tentative) | August 7, 2025 |
| Refunds Initiation (Tentative) | August 8, 2025 |
| Credit of Shares to Demat (Tentative) | August 8, 2025 |
| IPO Listing Date (Tentative) | August 11, 2025 |
IPO Price & Lot Size
| Issue Price Band | ₹97 – ₹103 per share |
|---|---|
| Market Lot | 1,200 Shares |
| Retail Min | 2 lots (2,400 shares) – ₹2,47,200 |
| Retail Max | 2 lots (2,400 shares) – ₹2,47,200 |
| S-HNI Min | 3 lots (3,600 shares) – ₹3,70,800 |
| S-HNI Max | 8 lots (9,600 shares) – ₹9,88,800 |
| B-HNI Min | 9 lots (10,800 shares) – ₹11,12,400 |
Company Financials (₹ Crore)
Bar Chart: Income, PAT & Net Worth
Line Chart: Income, PAT & Net Worth
| Period Ended | Assets | Total Income | Profit After Tax | EBITDA | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 48.76 | 110.69 | 10.79 | 16.98 | 20.94 | 7.74 | 19.67 |
| 31 Mar 2024 | 25.87 | 83.27 | 4.96 | 6.79 | 10.15 | 8.50 | 9.47 |
| 31 Mar 2023 | 20.13 | 18.81 | 0.18 | 1.04 | 5.20 | 3.55 | 10.13 |
Key Performance Indicators (KPI)
| KPI | Values |
|---|---|
| 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 |
| EPS (Pre IPO) | 8.17 |
| EPS (Post IPO) | 5.80 |
| P/E (Pre IPO) | 12.6 |
| P/E (Post IPO) | 17.76 |
Objects of the Issue
| S.No. | Objects of the Issue | Expected Amount (₹ Cr.) |
|---|---|---|
| 1 | Part finance the cost of establishing new manufacturing facility to expand our 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 | – |
About Bhadora Industries Ltd.
Incorporated: April 1986
Business: Industrial cable manufacturing (Vidhut Cables)—PVC, LV, LT Aerial Bunched, XLPE cables for power distribution.
Clients: State Electricity Boards, EPC, domestic, and industrial customers in 17+ Indian states.
Facility: Tikamgarh, Madhya Pradesh—BIS, ISO 9001:2015, ISO 14001:2015, ISO 45001:2018 certified.
Employees: 87 (June 30, 2025)
Promoters: Shashank Bhadora, Pradeep Bhadora, Anil Bhadora
- Visionary leadership
- Approved government vendor
- Quality standards (BIS, ISO)
- Sustainable operations
Contact Details
Office No. 505, Plot No 39.405 NRK BIZ PARK PU-4, Scheme N 54, DDU Nagar,
Indore, Madhya Pradesh, 452010
Phone: +91-70000 61995
Email: cs@vidhutcables.com
Website: https://www.vidhutcables.com/
Frequently Asked Questions (FAQ)
The Bhadora Industries Ltd. IPO is a book-built initial public offering of ₹55.62 crore, comprising a fresh issue of 54.00 lakh equity shares with a face value of ₹10 each, to be listed on the NSE SME platform.
The IPO opens for subscription on August 4, 2025, and closes on August 6, 2025.
The issue price band is ₹97 – ₹103 per share with a market lot of 1,200 shares.
- Retail Investors: Minimum 2 lots (2,400 shares) costing ₹2,47,200 (at upper price band).
- S-HNI Investors: Minimum 3 lots (3,600 shares) costing ₹3,70,800; Maximum 8 lots (9,600 shares) costing ₹9,88,800.
- B-HNI Investors: Minimum 9 lots (10,800 shares) costing ₹11,12,400.
Key tentative dates include:
- Basis of Allotment: August 7, 2025
- Refunds Initiation: August 8, 2025
- Credit of Shares to Demat: August 8, 2025
- Listing Date: August 11, 2025
You can apply through:
- Your bank’s net banking platform (ASBA facility)
- Brokerage accounts (online or offline)
- Registered investment platforms
- Designated branches of syndicate banks
Details will be available in the IPO prospectus or through the registrar, MUFG Intime India Private Limited (Link Intime).
Bhadora Industries Ltd., incorporated in 1986, manufactures industrial cables under the brand Vidhut Cables, including PVC, LV, LT Aerial Bunched, and XLPE cables for power distribution. Key aspects include:
- Clients: State Electricity Boards, EPC, domestic, and industrial customers across 17+ Indian states
- Facility: Tikamgarh, Madhya Pradesh, with BIS, ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications
- Focus: Quality standards and sustainable operations
Key risks include:
- Market Risk: Dependence on demand from State Electricity Boards and EPC clients
- Regulatory Risk: Compliance with BIS and other industry standards
- Operational Risk: Delays in setting up the new manufacturing facility
- Economic Risk: Sensitivity to raw material price fluctuations and economic cycles
- Competition Risk: Intense competition in the cable manufacturing sector
Investors should review the risk factors in the IPO prospectus.
The net proceeds will be used for:
- Establishing a new manufacturing facility for cables at Plot Nos. 188/1, Village Panwa, Tehsil Kasrawad, District Khargone, Madhya Pradesh (₹22.32 crore)
- Funding working capital requirements (₹20.00 crore)
- General corporate purposes
As of March 31, 2025:
- Total Income: ₹110.69 crore
- Profit After Tax: ₹10.79 crore
- EBITDA: ₹16.98 crore
- Net Worth: ₹20.94 crore
- Total Borrowings: ₹19.67 crore
- Debt/Equity Ratio: 0.94
Refer to the financials section for historical data.
Key stakeholders and registrar:
- Promoters: Shashank Bhadora, Pradeep Bhadora, Anil Bhadora (Pre-IPO holding: 92.42%, Post-IPO: 65.59%)
- Market Maker: NNM Securities Pvt Ltd
- Registrar: MUFG Intime India Private Limited (Link Intime)
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