Bhadora Industries
NSE SMEClosed
NSE SMEClosed
IPO Timeline
Issue open date
4 Aug 2025Issue close date
6 Aug 2025UPI mandate deadline
6 Aug 2025Allotment finalization
7 Aug 2025Refund initiation
8 Aug 2025Share credit
8 Aug 2025Listing date
11 Aug 2025Mandate end date
21 Aug 2025Lock-in end date for anchor investors (50%)
6 Sep 2025Lock-in end date for anchor investors (remaining)
5 Nov 2025Grey Market Premium Trend
₹3
Current GMP
₹106
Est. Listing Price
2.9%
Est. Listing Gain
₹97 - ₹103
Price Band
GMP History
| Date | GMP (₹) | Est. Listing Price (₹) | Est. Listing Gain |
|---|---|---|---|
| 5 Aug | ₹3 | ₹106 | 2.91% |
| 4 Aug | ₹1 | ₹104 | 0.97% |
| 3 Aug | ₹1 | ₹104 | 0.97% |
| 2 Aug | ₹1 | ₹104 | 0.97% |
| 1 Aug | ₹0 | ₹103 | 0.00% |
| 31 Jul | ₹0 | ₹103 | 0.00% |
| 30 Jul | ₹0 | ₹103 | 0.00% |
| 29 Jul | ₹0 | ₹103 | 0.00% |
Key Dates
Open
4 Aug 2025Close
6 Aug 2025Listing
11 Aug 2025Quick Stats
Issue Size:55cr
Lot Size:1200 shares
Issue Details
Issue Size:55cr
About the Company
Incorporated in 1986, Bhadora Industries Limited is engaged in the manufacturing of industrial cables designed for efficient electricity transmission and distribution. The company markets its products under the brand name “Vidhut Cables” and caters mainly to government electricity boards (discoms) and EPC contractors across various industrial sectors. Its product portfolio includes Low Voltage (LV) Cables, LT Aerial Bunched (AB) Cables, LT XLPE Power Cables, and LT PVC Power Cables.
Strengths
- In-house manufacturing and testing capabilities ensure quality control and cost efficiencies
- Diverse product portfolio including LV, LT AB, LT XLPE, and LT PVC power cables
- Established clientele and government approvals reflecting product reliability and regulatory compliance
- Promoters’ extensive industry experience adds operational depth and leadership continuity
- Established brand presence under ‘Vidhut Cables’ reinforces visibility in target markets
- Strong revenue and profitability growth over recent fiscal years
Risks
- High client concentration, with top 10 customers contributing over 86% of FY25 revenue
- Significant reliance on EPC contractors exposes the business to segment-specific slowdowns
- Raw material price volatility, particularly in copper and aluminium, may affect margins
- Exposure to legal and tax proceedings, could affect the growth and financials if ruled unfavourably
- Competitive and rapidly evolving market combined with regulatory challenges
Bhadora Industries IPO – Frequently Asked Questions
- The price band for the Bhadora Industries IPO is set at ₹97 to ₹103 per share.
- The Bhadora Industries IPO opens on August 4, 2025 and closes on August 6, 2025.
- The tentative listing date for the Bhadora Industries IPO is August 11, 2025.
- You can apply for the Bhadora Industries IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Bhadora Industries, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Bhadora Industries IPO is 1200 shares. Investors must apply for at least one lot (i.e., 1200 shares).