India’s IPO market continues to attract investor interest in 2025, with companies across sectors leveraging capital markets for growth. Among these, BMW Ventures Limited, a diversified player in steel products, tractor engines, PVC pipes, and pre-engineered buildings (PEBs), has launched its IPO. The company aims to raise ₹231.66 crore through a fresh issue of 2.34 crore shares. The IPO opens on September 24, 2025 and closes on September 26, 2025, with tentative listing on BSE and NSE scheduled for October 1, 2025.
About BMW Ventures Ltd.
Incorporated with a focus on steel sector and industrial distribution, BMW Ventures Limited deals in:
- Steel Products: TMT Bars, GI Sheets, HR Sheets, Wire Rods, Galvanised Colour Coated Sheets, Doors, GP Sheets, Pipes, Hollow Sections, Screws, and other steel-related products
- Tractor Engines & Spare Parts: Distribution across Bihar to over 1,250+ dealers
- Manufacturing & Fabrication: PVC pipes, pre-engineered buildings (PEBs), and steel girders
The company operates six stockyards—one in Purnea and five in Patna, Bihar—and has a dealer network spanning 29 out of 38 districts in the state.
Workforce: As of March 31, 2025, the company employs 639 individuals.
Competitive Strengths:
- Diversified product portfolio across steel, PEBs, and tractor engines
- Strong distribution network with 1,250+ dealers in Bihar
- Integrated manufacturing and supply chain capabilities
- Experienced promoters and professional management team
- Established market presence with a growing footprint
BMW Ventures IPO Details
IPO Structure: Book building issue of ₹231.66 crore (Fresh Issue of 2.34 crore shares)
IPO Timeline:
| Event | Date (Tentative) |
| IPO Open Date | Sep 24, 2025 |
| IPO Close Date | Sep 26, 2025 |
| Tentative Allotment | Sep 29, 2025 |
| Initiation of Refunds | Sep 29, 2025 |
| Credit of Shares to Demat | Sep 30, 2025 |
| Tentative Listing Date | Oct 1, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Sep 26, 2025 |
Key IPO Details:
| Parameter | Details |
| Face Value | ₹10 per share |
| Issue Price Band | ₹94 – ₹99 per share |
| Lot Size | 151 shares |
| Total Issue Size | 2.34 crore shares (₹231.66 Cr) |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Shareholding Pre-Issue | 6.33 crore shares |
| Shareholding Post-Issue | 8.67 crore shares |
IPO Reservation:
| Investor Category | Shares Offered |
| QIB | Not more than 1% of the net offer |
| Retail | Not less than 75% |
| NII | Not less than 24% |
Lot Size & Investment:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 151 | ₹14,949 |
| 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 |
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Promoter Holding:
Promoters: Bijay Kumar Kishorepuria, Sabita Devi Kishorepuria, Nitin Kishorepuria, Rachna Kishorepuria, BMW Fin-Invest Pvt. Ltd., Ridhisidhi Fincon Pvt. Ltd.
- Pre-IPO: 100%
- Post-IPO: 73.02%
Book Running Lead Manager: Sarthi Capital Advisors Pvt. Ltd.
Registrar: Cameo Corporate Services Ltd.
BMW Ventures Ltd.: Financials
Financial Highlights (₹ Crore):
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 676.09 | 646.15 | 481.79 |
| Total Income | 2,067.33 | 1,942.03 | 2,018.12 |
| Profit After Tax | 32.82 | 29.94 | 32.66 |
| EBITDA | 87.39 | 72.56 | 67.85 |
| Net Worth | 146.80 | 186.71 | 156.48 |
| Total Borrowing | 428.39 | 395.30 | 283.58 |
Key Performance Indicators (FY2025):
| KPI | Value |
| Market Capitalisation | ₹858.48 Cr |
| ROE | 15.62% |
| ROCE | 12.80% |
| Debt/Equity | 2.04 |
| RoNW | 16.54% |
| PAT Margin | 1.59% |
| EBITDA Margin | 4.24% |
| Price to Book Value | 2.98 |
EPS & P/E
| Metric | Pre-IPO | Post-IPO |
| EPS (₹) | 5.18 | 3.79 |
| P/E (x) | 19.1 | 26.15 |
Objects of the Issue
The company proposes to utilise IPO proceeds as follows:
| Object | Expected Amount (₹ Million) |
| Funding working capital requirements | 1,737.50 |
| General Corporate Purposes | Balance |
Conclusion
BMW Ventures IPO provides an opportunity to invest in a company with a diversified product portfolio, strong distribution network, and established presence in Bihar’s industrial and construction market. With consistent revenue and PAT growth, it is well-positioned for expansion. However, investors should be mindful of sector risks, dependence on local markets, and working capital intensity.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
