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BMW Ventures IPO: The initial public offering (IPO) of BMW Ventures Ltd entered its final day of bidding today, September 26, with the issue subscribed 1.32 times so far, according to the provisional exchange data. The company aims to raise Rs 231.66 crore from the public offering.

By 3 pm, investors have bid for 3.08 crore shares against the total 2.34 crore shares on offer, with Qualified Institutional Buyers(QIBs), Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs), subscribing 3.05 times, 2.86 times and 0.80 times, respectively.

In terms of shares, QIBs have bid for 7.13 lakh shares against 2.34 lakh shares reserved, NIIs have bid for 1.60 crore shares against the allotted 56.16 lakh shares, and RIIs bid for 1.41 crore shares out of the 1.75 crore shares reserved.

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The Rs 231.66 crore issue has a significant portion of 1.75 crore shares allotted for retail investors. Being entirely a fresh issue, the IPO proceeds will go towards strengthening the company's operations and financial position.  

The company plans to use the IPO proceeds to fund the company's working capital needs and for general corporate purposes.

Subscription period: September 24 to September 26, 2025

Issue size: Rs 231.66 crore (entirely fresh issue)

Price band: Rs 94-Rs 99 per share

Minimum investment: Rs 14,949 for 151 shares

Allotment date: September 29, 2025

Listing date: October 1, 2025, on BSE and NSE

BMW Ventures is a Bihar-based steel products distributor dealing in long and flat steel products, tractor engines, spare parts, PVC pipes, and the fabrication of pre-engineered buildings and steel girders.

The company reported a 6 per cent increase in revenue to Rs 2,062.04 crore for FY25, from Rs 1,938.20 crore in FY24. The Profit After Tax (PAT) stood at Rs 32.82 crore for FY25, a 10 per cent rise from Rs 29.94 crore in FY24. EBITDA was Rs 87.39 crore for FY25.

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Currently working as a trainee Sub-Editor at Zee Business, Shristi Rani is passionate about storytelling and delivering content that engages diverse audiences across digital platforms.

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