BMW Ventures IPO
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Schedule of BMW Ventures
| Issue open date | 24 Sep 2025 |
| Issue close date | 26 Sep 2025 |
| UPI mandate deadline | 26 Sep 2025 (5 PM) |
| Allotment finalization | 29 Sep 2025 |
| Refund initiation | 30 Sep 2025 |
| Share credit | 30 Sep 2025 |
| Listing date | 01 Oct 2025 |
| Mandate end date | 11 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 29 Oct 2025 |
| Lock-in end date for anchor investors (remaining) | 28 Dec 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About BMW Ventures
BMW Ventures is not related to the luxury car manufacturer.
Established in 1994, BMW Ventures specialises in manufacturing and selling steel products. Its distribution network comprises 900 dealers in 29 of Bihar’s 38 districts, 1 stockyard in Purnea, and 3 in Patna. The company has also diversified into manufacturing pre-engineered buildings (PEB), steel girders, and PVC pipes and is the first in Bihar to receive Research Design and Standards Organisation (RDSO) approval for its steel girder unit, enabling it to supply products to the Indian Railways.
Financials of BMW Ventures
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹231.66 crores |
| Fresh Issue | ₹231.66 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 173.75 (75%) |
| General corporate purposes | 57.91 (25%) |
Strengths
- Exclusive distribution of long and flat steel products to 900+ dealers and buyers in Bihar.
- The company has built strong customer relationships and a solid market presence over 30 years in the steel industry.
- As of fiscal 2023, the company accounted for about 20% of TMT bar sales in Bihar.
- The company focuses on quality control, quick turnarounds, responsive support, and tailored solutions for customers.
Risks
- The company depends on its primary supplier, and any disruption could impact operations and profits.
- Operations are largely concentrated in the state of Bihar. Any adverse economic, political, or environmental developments in Bihar could adversely affect the company’s business performance.
- Volatility in raw material prices and global supply-demand will affect revenue and profitability.
- A large portion of the revenue is from sales of third-party manufacturers. Any decrease in sales from any one of these key intermediaries may adversely affect the business.
Allotment Status for BMW Ventures
To check your allotment status – click here.
Subscription Figures for BMW Ventures
As per media reports (Link), the Grey Market Premium (GMP) of BMW Ventures is reported at ₹2 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on September 26, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 56.16 | 170.18 | 3.09x |
| NII | 37.44 | 127.74 | 3.03x |
| Retail | 175.50 | 174.24 | 0.99x |
| Total | 234.00 | 351.67 | 1.50x |