Bhadora Industries IPO
IPO Listing Details
- Listing Date
11 Aug 2025
- Listing Price
₹ 101.00
- Listing Change
-1.94%
- Last Traded Price
₹ 71.60
Bhadora Industries IPO Details
-
Open Date
04 Aug 2025
-
Close Date
06 Aug 2025
-
Listing Date
11 Aug 2025
- IPO Price Range
₹ 97 to ₹103
- IPO Size
₹ 52.80 Cr
- Listing Exchange
NSE SME
Bhadora Industries IPO Timeline
Bhadora Industries IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 04-Aug-25 | 0.00 | 0.38 | 0.09 | 0.13 |
| 05-Aug-25 | 0.00 | 0.08 | 0.21 | 0.12 |
| 06-Aug-25 | 0.68 | 1.28 | 0.98 | 0.96 |
Last Updated: 06 August 2025 6:25 PM by 5paisa
Bhadora Industries Ltd is launching a ₹52.80 crore IPO. Operating under the brand “Vidhut Cables,” the company manufactures industrial-grade cables like PVC, LV, LT Aerial Bunched, and XLPE cables. With a BIS-certified facility in Tikamgarh, Madhya Pradesh, it serves state electricity boards and EPC firms across multiple Indian states, supplying essential transmission and distribution solutions to the power and infrastructure sectors.
Established in: 1986
Managing Director: Mr. Shashank Bhadora
Peers
1. Dynamic Cables Limited
2. DCG Cables & Wires Limited
Bhadora Industries Objectives
1. The company proposes to partially finance the cost of setting up a new manufacturing facility to enhance its cable production capacity at Panwa village, Khargone district, Madhya Pradesh.
2. A portion of the funds will be utilised to meet the working capital requirements of the company.
3. The remaining proceeds will be used for general corporate purposes.
Bhadora Industries IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹52.80 Cr. |
| Offer For Sale | - |
| Fresh Issue | ₹52.80 Cr. |
Bhadora Industries IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 232,800 |
| Retail (Max) | 2 | 2,400 | 232,800 |
| S-HNI (Min) | 3 | 3,600 | 349,200 |
| S-HNI (Max) | 8 | 9,600 | 931,200 |
| B-HNI (Min) | 9 | 10,800 | 10,47,600 |
Bhadora Industries IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB | 0.68 | 10,22,400 | 6,96,000 | 7.169 |
| NII (HNI) | 1.28 | 7,77,600 | 9,97,200 | 10.271 |
| Individual Investors (IND category bidding for 2 Lots) | 0.98 | 17,95,200 | 17,56,800 | 18.095 |
| Total | 0.96 | 35,95,200 | 34,50,000 | 35.535 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 18.81 | 83.27 | 110.69 |
| EBITDA | 1.04 | 6.79 | 16.98 |
| PAT | 0.18 | 4.96 | 10.79 |
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Assets | 20.13 | 25.87 | 48.76 |
| Share Capital | 1.65 | 1.65 | 13.20 |
| Total Borrowings | 10.13 | 9.47 | 19.67 |
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 1.23 | 2.81 | 2.34 |
| Net Cash Generated From / (used in) investing activities | 0.57 | -0.37 | -7.30 |
| Net Cash Generated From / (used in) financing activities | -2.12 | -2.39 | -7.45 |
| Net Increase (Decrease) In Cash And Cash Equivalents | -0.33 | 0.06 | 2.48 |
Strengths
1. Experienced leadership with a clear strategic vision.
2. Recognised vendor under various government electrification schemes.
3. Adherence to strict quality standards in products and processes.
4. Focus on sustainable and certified manufacturing practices.
Weaknesses
1. High revenue dependence on top 10 customers.
2. Vulnerable to raw material price and supply fluctuations.
3. Business heavily reliant on the EPC contractor segment.
4. Single-location manufacturing base poses geographical concentration risk.
Opportunities
1. Rising government investments in rural and industrial electrification.
2. Expansion into new states and private sector clients.
3. Potential to diversify product range for higher-margin offerings.
4. Growing demand for certified, high-quality industrial cables.
Threats
1. EPC sector slowdown may impact order flow.
2. Delay in government project execution could affect revenues.
3. Competition from larger, diversified cable manufacturers.
4. Regional disruptions in Madhya Pradesh could halt operations.
1. Strong revenue growth from ₹18.81 Cr in FY23 to ₹110.69 Cr in FY25.
2. BIS-certified products and government vendor status support consistent order inflow.
3. New facility to boost capacity, enabling wider market and product reach.
4. Operating in a high-growth sector with 8% CAGR and rising electrification demand.
1. New facility enables expansion across geographies and product categories.
2. India’s cable industry growing ~8% CAGR, led by infrastructure and electrification projects.
3. Government schemes like RDSS and Saubhagya drive sustained demand for certified cable suppliers.
4. Renewable energy and transmission projects require XLPE and LV cables at large scale.
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FAQs
Bhadora Industries IPO opens from August 4, 2025 to August 6, 2025.
The size of Bhadora Industries IPO is ₹52.80 Cr
The price band of Bhadora Industries IPO is ₹97 to ₹103 per share.
To apply for Bhadora Industries IPO, follow the steps given below:
- Login to your 5paisa account and select the issue in the current IPO section.
- Enter the number of lots and the price at which you wish to apply for the Bhadora Industries IPO.
- Enter your UPI ID and click on submit. You will receive a mandate notification to block funds in your UPI app.
- On approving the mandate, your bid will be placed with the exchange.
The minimum lot size of Bhadora Industries IPO is 2 lots of 2,400 shares and the investment required is ₹232,800.
The share allotment date of Bhadora Industries IPO is August 7, 2025
The Bhadora Industries IPO will likely be listed on August 11, 2025.
Unistone Capital Private Limited is the book running lead manager for Bhadora Industries IPO.
- The company proposes to partially finance the cost of setting up a new manufacturing facility to enhance its cable production capacity at Panwa village, Khargone district, Madhya Pradesh.
- A portion of the funds will be utilised to meet the working capital requirements of the company.
- The remaining proceeds will be used for general corporate purposes.
Bhadora Industries 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/
Bhadora Industries IPO Register
MUFG Intime India Private Limited (Link Intime)
Phone: +91-22-4918 6270
Email: bhadora.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Bhadora Industries IPO Lead Manager
Unistone Capital Pvt Ltd