Bhadora Industries Limited IPO
Price Band
₹97 - ₹103
Total Issue
₹56 Cr
Bid Dates
04 Aug - 06 Aug
Subscription
0.96x
Listing Price
₹101 (-1.94%)
Valuation
Market Cap
₹191.58 Cr
P/E Ratio
12.61x
P/B Ratio
13.39x
Bhadora Industries IPO Dates
Conflicting IPOs
IPOs with overlapping timeline
Business Overview
Bhadora Industries is engaged in the manufacturing of industrial cables under the brand name “Vidhut Cables,” providing efficient electricity transmission and distribution solutions to government discoms and EPC companies. With over three decades of experience, the company has evolved to cater to the diverse electrical connectivity needs of various industrial sectors. Starting with the production of PVC cables, Bhadora Industries has expanded its range to include Low Voltage (LV) cables, LT Aerial Bunched Cables, and XLPE cables. These products are designed for specific roles in power transmission—ranging from reliable low-voltage distribution to high-performance overhead cables. The company ensures that all cables meet stringent industry standards for safety and performance, while also keeping pace with evolving technologies and sector-specific demands.
Bhadora Industries IPO Lot Size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Ind (Min) | 2 | 2,400 | ₹2,47,200 |
| Ind (Max) | 2 | 2,400 | ₹2,47,200 |
| S-HNI (Min) | 3 | 3,600 | ₹3,70,800 |
| S-HNI (Max) | 8 | 9,600 | ₹9,88,800 |
| B-HNI (Min) | 9 | 10,800 | ₹11,12,400 |
Bhadora Industries IPO Size
Objects of Issue
- Finance the cost of establishing new manufacturing facility to expand our production capabilities of cables
- Funding working capital requirements of the Company
- General Corporate Purposes
Bhadora Industries IPO Live Subscription
Updated as on 06-Aug-2025 19:00:51 hrs
| Category | Sub (x) | Offered | Bids |
|---|---|---|---|
| QIB | 0.68x | 10,22,400 | 6,96,000 |
| NII | 1.28x | 7,77,600 | 9,97,200 |
| bHNI | 1.18x | 5,18,400 | 6,12,000 |
| sHNI | 1.49x | 2,59,200 | 3,85,200 |
| Individual | 0.98x | 17,95,200 | 17,56,800 |
| Total | 0.96x | 35,95,200 | 34,50,000 |
Bhadora Industries IPO Details Live GMP
| Date | GMP (₹) | Est. Price |
|---|---|---|
| 08 Aug | ₹0 (0%) | ₹103 |
| 07 Aug | ₹0 (0%) | ₹103 |
| 06 Aug | ₹3 (2.9%) | ₹106 |
| 05 Aug | ₹3 (2.9%) | ₹106 |
| 04 Aug | ₹1 (1%) | ₹104 |
Bhadora Industries IPO Peer Comparison
(Rs. in crores)
| Particulars | Bhadora | Dynamic Cables | DCG Cables |
|---|---|---|---|
| Revenue from Ops (in Crs.) | 110.11 | 1,025.37 | 127.56 |
| PAT (In Crs.) | 10.79 | 64.82 | 8.10 |
| EPS - Basic | 8.17 | 27.13 | 4.46 |
| NAV per share | 15.86 | 157.51 | 43.56 |
| RONW | 51.51% | 17.34% | 10.24% |
| EBITDA | 15.42% | 10.28% | 12.57% |
| PAT Margin | 9.80% | 6.32% | 6.35% |
| Price to earning (PE) | 12.61 | 16.59 | 16.32 |
| Debt to Equity | 0.94 | 0.16 | 0.45 |
All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of July 22, 2025 for Peers
Bhadora Industries IPO Financial Performance
(Rs. in crores)
| Particulars | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Revenue from Operations | 110.11 | 81.39 | 18.44 |
| Profit after Tax | 10.79 | 4.96 | 0.18 |
| Net Worth | 20.94 | 10.15 | 5.20 |
| Total Borrowing | 19.67 | 9.47 | 10.13 |
| Total Assets | 48.76 | 25.87 | 20.13 |
| NAV per share (in ₹) | 15.87 | 7.69 | 3.94 |
| EPS - Basic (in ₹) | 8.17 | 3.75 | 0.14 |
Key Performance Indicators (KPIs)
EBITDA
15.42%
PAT
9.80%
ROE
51.51%
ROCE
42.41%
Debt to Equity
0.94
All the data pertains to FY 2024-25. PE, PB, and market capitalization are calculated based on the Upper Price Band.
Promoter Holding
Promoter
92.42%
Public
7.58%
Management
Registrar & Lead Managers
Registrar
MUFG Intime India
Lead Managers (1)
Company Details
Name: Bhadora Industries Limited
Address: Office No. 505, Plot No 39.405, NRK BIZ PARKÂÂÂÂÂÂÂÂÂÂÂÂÂÂ
PU-4, Scheme N 54, DDU Nagar, Indore – 452ÂÂÂÂÂÂÂÂÂÂÂÂÂÂ
010, Madhya Pradesh, India
Number: +91-70000 61995
Email: cs@vidhutcables.com
Website: www.vidhutcables.com
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How to apply Bhadora Industries IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Bhadora Industries IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Bhadora Industries IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Bhadora Industries IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
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