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BMW Ventures Ltd
TradingIPO
₹99 - 99
Our company is engaged in the trading and distribution of steel products, tractor engines, and spare parts, as well as the manufacturing of PVC pipes and roll-forming of GP sheets under the Blue Diamond brand. We also fabricate Pre- Engineered Buildings (PEB) and steel girders. With a strong distribution network across 29 of Bihar's 38 districts, we serve over 1,250 dealers. Our product range includes long steel products (TMT bars, galvanized wires, structural hollow sections), flat steel products (GC, GP, HR, CR sheets and coils), and other items like Agrico tools and residential/commercial doors and windows.
Lot151Min Invest₹14,949Face Value₹10Issue Size₹232 CrFresh Issue₹232 CrListing Price₹80CMP₹64
Timeline
24 Sept
Bidding opens
26 Sept
Bidding closes
29 Sept
Allotment
29-30 Sept
Refund & demat credit
1 Oct
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹232 Cr2.34 Cr shares
Fresh Issue₹232 Cr
Face Value₹10
Lot Size151 shares
ReservationQIB 1% · NII 24% · RETAIL 75%
Application Sizes
Retail₹14,9491-13 lots
sNII₹2,09,286from 14 lots
bNII₹10,01,583from 67 lots
Managers & Registrar
Lead ManagerSarthi Capital Advisors Pvt Ltd
RegistrarCameo Corporate Services Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group100%73.01%Public0%26.99%
Objects of the Issue
- Repayment/Pre-payment in full or in part of certain outstanding borrowings availed by the company
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| RevenueCr | 2,015 | 1,938 | 2,062 | 2,278 | 2,403 |
| Operating ProfitCr | 65 | 69 | 83 | 82 | 84 |
| OPM% | 3.2 | 3.5 | 4.0 | 3.6 | 3.5 |
| PBTCr | 43 | 40 | 45 | 50 | 54 |
| PATCr | 33 | 30 | 33 | 37 | 40 |
| EPS | 2 | 5 | 5 | 5 | 5 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| Equity CapitalCr | 16 | 63 | 63 | 87 | - |
| ReservesCr | 141 | 123 | 147 | 355 | - |
| BorrowingsCr | 284 | 395 | 428 | 258 | - |
| Fixed AssetsCr | - | - | 140 | 149 | - |
| Total AssetsCr | 482 | 646 | 676 | 752 | - |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| Operating Cash FlowCr | -84 | -53 | 45 | 8 | - |
| Investing Cash FlowCr | -21 | -27 | -18 | -13 | - |
| Financing Cash FlowCr | 99 | 80 | -15 | -7 | - |
| Net Cash FlowCr | -6 | 0 | 12 | -12 | - |
Strengths & Risks
Strengths · as stated in the DRHP
- Distributor of long and flat products in the state of Bihar with a supply in 29 out of 38 districts.
- Founder led Company supported by a highly experienced and professional leadership team.
- In house Logistics for supply of products resulting in economies of scale and cost reductions.
- Selling and Distribution network.
- Extensive number of dealers and long term relationship with them.
- Experienced Promoters and Management Team with a Employee Base.
Strategies · as stated in the DRHP
- Increase in distribution of Steel Products in Bihar.
- Achieving Economies of Scale.
Risks · as stated in the DRHP
- The company derives a substantial portion of its revenue from the distribution of long and flat steel products and loss of sales due to reduction in demand for such products would have a material adverse effect on its business, financial condition, results of operations and cash flows.
- The company is heavily dependent on certain suppliers for whom the company is either distributors or have entered into formal agreements with, for procurement and sale of its steel and tractor products. Any disruption of supply from such entities may affect the company's business operations.
- The company sell its products as well as products of third party manufacturers through a network of dealers. Accordingly, the company depends on its dealers for a significant portion of the company revenue, and any decrease in revenues or sales from any one of its key intermediaries may adversely affect the company's business and results of operations.
- The company derives a significant portion of its revenues from repeat orders which the company identify as orders placed by dealers that have placed orders with the Company previously. Any loss of, or a significant reduction in the repeat orders received by it could adversely affect its business, results of operations, financial condition and cash flows.
- Its business and profitability is substantially dependent on cost of steel, disruption to the timely and adequate supply of steel, or volatility in the prices of steel may adversely impact its business, results of operations, cash flows and financial condition.
- The company has a limited operating history in respect of fabrication of pre-engineered buildings and steel girders, which may make it difficult for investors to evaluate its business and prospects.