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BMW Ventures IPO: The initial public offering (IPO) of BMW Ventures Ltd concluded its second day of bidding today, September 25, with the issue subscribed 22 per cent, according to the provisional exchange data. The Bihar-based company aims to raise Rs 231.66 crore from the public offering.

Investors bid for 52.12 lakh shares out of the total 2.34 crore shares on offer, with Qualified Institutional Buyers(QIBs), Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs), subscribing 1.08 times, 0.05 times and 0.27 times, respectively.

Specifically, QIBs bid for 2.52 lakh shares against 2.34 lakh shares reserved, NIIs bid for 2.55 lakh shares out of the allotted 56.16 lakh shares, and RIIs bid for 47.04 lakh shares out of 1.75 crore shares reserved.

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The IPO has an issue size of Rs 231.66 crore, with 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 steel products distributor that deals in long and flat steel products, tractor engines, spare parts, PVC pipes, and the fabrication of pre-engineered buildings and steel girders.

Financially, 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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