Popular Analysis

What is the latest news of Bhadora Industries IPO?

The company will enter the market on 4 August 2025.

About Bhadora Industries

Bhadora Industries Limited
Incorporated in April 1986, Bhadora Industries Limited is a leading manufacturer of industrial cables under the brand name “Vidhut Cables”, specializing in efficient electricity transmission and distribution solutions for government discoms and EPC companies.

The company’s product portfolio includes:

  • PVC Cables

  • Low Voltage (LV) Cables

  • LT Aerial Bunched Cables

  • Cross-Linked Polyethylene (XLPE) Cables

Its state-of-the-art manufacturing facility in Tikamgarh, Madhya Pradesh (spread across 15,028 sq. ft.) is accredited by the Bureau of Indian Standards (BIS) and certified in:

  • Quality Management (ISO 9001:2015)

  • Environmental Management (ISO 14001:2015)

  • Occupational Health & Safety (ISO 45001:2018)

Bhadora Industries has a strong presence across 18 Indian states, including Andhra Pradesh, Assam, Bihar, Chhattisgarh, Delhi, Haryana, Himachal Pradesh, J&K, Jharkhand, Kerala, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Telangana, Uttar Pradesh, and Uttarakhand.

Its clientele primarily comprises State Electricity Boards, EPC firms, and domestic companies engaged in power distribution. As of June 30, 2025, the company employed 87 professionals across various departments.

Bhadora Industries IPO Details

Sector: Cable Manufacturing

IPO opens on  4 August 2025
IPO closes on  6 August 2025
Issue Type Book Built Issue IPO
Issue Size 54,00,000 Shares /
Rs 55.62 Crore
* Fresh Issue
* Offer for Sale –
Market Maker Portion 273,600 Shares
Net offer to Public 51,26,400 Shares
Rs. 52.80 Crores
Face Value per share Rs. 10
Price Band Rs. 97-103
Employee discount  Rs. 0 per share
Retail Lot Size  1200 Shares
Listing will at  NSE SME

How shares are being offered

How shares can be applied?

Application Lots Shares Amount
Individual investors (Retail) (Min) 2 2,400 ₹2,47,200
Individual investors (Retail) (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

 

Who are the Promoters of Bhadora Industries IPO?

The Promoters of the company are Shashank Bhadora, Pradeep Bhadora and Anil Bhadora.

The promoters hold 92.40% of the pre-IPO capital

What are the Objects of Bhadora Industries IPO?

The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects

+Part finance the cost of establishing new manufacturing facility to expand our production capabilities of cables at Plot Nos. 188/1, Village Panwa Tehsil Kasrawad, District Khargone, Madhya Pradesh, India (“Proposed new facility”) Rs. 22.32 Cr
+Funding working capital requirements of the Company Rs. 20.00 Cr.
+General Corporate Purposes

Bhadora Industries IPO Timetable

Tentative timetable

IPO opens on 4 August 2025
IPO Closes on 6 August 2025
IPO Allotment on  7 August 2025
Refund Initiation  7 August 2025
Credit of Shares 8 August 2025
Listing on 11 August 2025
Registered Office of the Company
Bhadora Industries Ltd.
Office No. 505, Plot No 39.405
NRK BIZ PARK PU-4, Scheme N 54
DDU Nagar,
Indore, Madhya Pradesh, 452010
Lead Managers of this IPO
Unistone Pvt ltd
Who is the Registrar to the IPO?
Mufg India Intime ltd

Bhadora Industries IPO Financials

Period Ended 31-Mar-25 31-Mar-24 31-Mar-23
Assets 48.76 25.87 20.13
Revenue 110.69 83.27 18.81
Profit After Tax 10.79 4.96 0.18
EBITDA 16.98 6.79 1.04
Net Worth 20.94 10.15 5.2
Reserves and Surplus 7.74 8.5 3.55
Total Borrowing 19.67 9.47 10.13
Amount in Rs. Crore

 

Performance Indicators

KPI Values
ROE 51.51%
ROCE 42.41%
Debt/Equity 0.94
RoNW 51.51%
PAT Margin 9.80%
EBITDA Margin 15.42%
Price to Book Value 6.49
EPS 8.17
PER 12.6

 

 

 

 

How Bhadora Industries IPO compares with the Peers?

Company Name P/E (x) RoNW (%)
Bhadora Industries Limited   51.51
Dynamic Cables Ltd 16.59 17.34
Dcg Cables & Wires Limited 16.32 10.24

 

 

 


 

# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

Chanakya’s IPO Review – Bhadora Industries by Paresh Gordhandas, CA & Research Analyst

Will update soon

Quicklinks


Bhadora Industries IPO GMP

 
Bhadora Industries IPO
review

Q1. What does Parth Electricals and Engineering Ltd do?

Parth Electricals is a Vadodara-based company engaged in manufacturing electrical equipment like MV switchgear panels, VCB panels, CRPs, CSS, and Earth Link Boxes. It also provides turnkey solutions for substations and high-voltage cable projects.

Q2. When is the Parth Electricals IPO open for subscription?

The IPO opens on 4 August 2025 and closes on 6 August 2025.

Q3. What is the size of the Parth Electricals IPO?

The IPO comprises a fresh issue of 29.25 lakh shares.

Q4. On which platform will Parth Electricals IPO be listed?

The shares are proposed to be listed on the NSE SME platform.

Q5. Should investors apply to this IPO?

Q5. Who is the lead manager and registrar to the issue?

Horizon Management Pvt Ltd is the Book Running Lead Manager and Kfin Technologies Ltd is the registrar.

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