BMW Ventures IPO | The business will receive all issue proceeds since the offer consists of a completely new issuance of 2.34 crore equity shares.
The distributor of long and flat steel goods in Bihar, BMW Ventures, has reached out to the financial markets in order to raise money via an IPO the next week. Subscriptions for the issue will go live on September 24 and end on September 26.
The firm will get all of the issue proceeds since the IPO consists of a completely new issuance of 2.34 crore equity shares.
Due to its total borrowings of Rs 428.38 crore on a consolidated basis until March 2025, the funds would mostly be used for debt reduction.
BMW Ventures will settle Rs 173.75 crore in existing debts with the aid of the IPO proceeds, keeping the balance sum for general business needs.
Approximately 98 percent of the company’s entire revenue in the fiscal year 2025 came from the distribution of steel goods, which was its main source of income. And the remaining little percentage of income from the distribution of tractor engines and their replacement parts, the production of PVC pipes and roll forming, and the fabrication of steel girders and pre-engineered buildings (PEB).
The Bihar-based firm declared a profit of Rs 32.8 crore for the fiscal year that ended in March 2025, a 9.6% increase over the previous year’s profit of Rs 29.9 crore. Although revenue rose 6.4% to Rs 2,062 crore from Rs 1,938.2 crore over the same time, overall figures have been inconsistent.
The only merchant banker overseeing the BMW Ventures IPO is Sarthi Capital Advisors.