Bhadora Industries Limited Link 
Allotment
The Bhadora Industries IPO is a book-built issue aggregating to ₹55.62 crore, comprising entirely a fresh issue of 0.54 crore shares.
The IPO was open for subscription from August 4, 2025, to August 6, 2025. The basis of allotment was finalized on August 7, 2025, and the shares were listed on NSE SME on August 11, 2025.
The price band for the IPO was fixed at ₹103 per share, with a lot size of 1,200 shares. The minimum investment required for retail investors was ₹2,32,800 (2,400 shares). For high net-worth individuals (HNI), the minimum application size was 3 lots (3,600 shares), amounting to ₹3,70,800.
Unistone Capital Pvt. Ltd. acted as the book-running lead manager, MUFG Intime India Pvt. Ltd. served as the registrar to the issue, and NNM Securities Pvt. Ltd. was appointed as the market maker.
₹103
0%
Open
₹103
HIgh - Low
₹103
Previous Close
₹103
Total Traded Value
0
52 Weeks High
₹103
52 Weeks Low
₹103
Updates On
Jul 28, 2025
IPO. Open
Aug 4, 2026
IPO. Close
Aug 6, 2026
IPO. Price
₹103.00
IPO Market price
₹191.58 Cr
IPO Details
| IPO Date | 11 Aug |
| IPO Listing Date | 11 Aug |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹103.00 |
| IPO Issue Size | 54,00,000 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | NSE SME Platform |
| hare Holding Pre Issue | 1,32,00,000 |
IPO Timeline
| IPO Open Date | 4 Aug |
| IPO Close Date | 6 Aug |
| IPO Allotment (Tentative) | 7 Aug |
| Refunds | 8 Aug |
| Credit to Demat Account | 8 Aug |
| IPO Listing Date | 11 Aug |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 25,53,600 Shares |
| NII (HNI) Shares Offered | 7,77,600 Shares |
| Retail Shares Offered | 17,95,200 Shares |
IPO Lot Size
Investors may bid for a minimum of 2,400 shares, and thereafter in multiples of 1,200 shares.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,47,200 |
| 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 |
Bhadora Industries Limited, incorporated in April 1986, manufactures industrial cables for efficient electricity transmission and distribution, serving government discoms and EPC companies across various industrial sectors. The company operates under the brand name “Vidhut Cables.”
Product Portfolio
The company’s products include:
Polyvinyl Chloride (PVC) Cables
Low Voltage (LV) Cables
LT Aerial Bunched Cables
Cross-Linked Polyethylene (XLPE) Cables
Manufacturing & Certifications
The company’s manufacturing facility, located in Tikamgarh, Madhya Pradesh (covering 15,028 sq. ft.), is accredited by the Bureau of Indian Standards (BIS) and certified in:
Quality Management: BIS ISO 9001:2015
Environmental Management: ISO 14001:2015
Occupational Health and Safety: ISO 45001:2018
Operations & Distribution
Bhadora Industries sells its products in the states of Andhra Pradesh, Assam, Bihar, Chhattisgarh, Delhi, Haryana, Himachal Pradesh, Jammu & Kashmir, Jharkhand, Kerala, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Telangana, Uttar Pradesh, and Uttarakhand.
The company supplies to State Electricity Boards, domestic companies, and EPC contractors across India.
Workforce
As of June 30, 2025, the company had 87 employees across various departments.
Competitive Strengths
Visionary leadership and experienced management
Approved vendor for government schemes
Adherence to the highest quality standards across products, processes, and materials
Sustainable business operations
Company Financials (Consolidated)
| Assets | 48.76 | 25.87 | 20.13 |
| Total Income | 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 |
Key Performance Indicator (KPI)
| 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 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | 20 |
| 3 | To meet out the General Corporate Purposes; | 7.88 |
| 4 | Offer for Sale (OFS) | - |
Contact Details
Bhadora Industries Ltd. Address
Office No. 505, Plot No 39.405
NRK BIZ PARK PU-4, Scheme N 54
DDU Nagar,
Indore, Madhya Pradesh, 452010
+91-70000 61995
cs@vidhutcables.com
https://www.vidhutcables.com/
Detail Registrar
IPO Registrar
MUFG Intime India Pvt.Ltd.
+91-22-4918 6270
bhadora.ipo@linkintime.co.in
https://in.mpms.mufg.com/Initial_Offer/public-issues.html
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