Bhadora Industries IPO Review: A Complete Investor Guide

About Bhadora Industries Ltd.

we bring you the most relevant and updated investment opportunities across the market, including IPOs that can define your portfolio’s performance. One of the latest offerings in the SME segment is the Bhadora Industries IPO, a ₹55.62 crore issue with significant investor interest.

This article provides a detailed Bhadora Industries IPO review, covering the price band, allotment status, financial performance, and expected listing price. Whether you are a seasoned investor or a retail participant exploring SME IPOs, this guide will offer everything you need to make an informed decision.

Incorporated in 1986, Bhadora Industries Ltd. is a prominent manufacturer of industrial cables under the brand name Vidhut Cables. The company caters to government discoms and EPC companies and offers a range of products, including:

• PVC cables

• Low Voltage (LV) cables

• LT Aerial Bunched Cables

• Cross-Linked Polyethylene (XLPE) cables

Bhadora’s manufacturing facility is located in Tikamgarh, Madhya Pradesh, and holds various industry certifications such as BIS ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018.

Its operations are spread across multiple Indian states, serving public and private clients alike. As of June 30, 2025, the company employed 87 people.

Bhadora Industries IPO GMP and Listing Expectations

As of the end of bidding (August 6, 2025), market sources indicate a Bhadora Industries IPO GMP (Grey Market Premium) of approximately ₹18–₹22 per share. This implies a possible listing price in the range of ₹120–₹125 per share, depending on market sentiment and demand closer to the listing day.

Please note, GMP is a speculative indicator and not a guarantee of listing gains.

Distribution of Shares

The IPO includes allocations for:

• Retail Investors: 17,95,200 shares (33.24%)

• QIBs: 25,53,600 shares (47.29%)

• HNIs: 7,77,600 shares (14.40%)

• Anchor Investors: 15,31,200 shares (28.36%)

• Market Makers: 2,73,600 shares (5.07%)

A healthy QIB participation often reflects confidence in the business fundamentals.

Competitive Strengths

• Approved Government Vendor: Trusted by various state discoms

• Pan-India Distribution: Products sold in 17+ Indian states

• Certifications: ISO-certified for quality, safety, and environmental standards

• Experienced Leadership: Family-led with nearly four decades of industry experience

• Sustainable Practices: Focus on eco-conscious production processes

Should You Subscribe to Bhadora Industries IPO?

Pros:

• Fast-growing revenue and profit trajectory

• Strong promoter background

• Trusted vendor to government-backed utilities

• Well-diversified market across Indian states

Cons:

• SME IPOs are often less liquid post-listing

• Sector competition from larger, established players

• Moderate grey market premium compared to other IPOs

FAQs: Bhadora Industries IPO

1. What is the Bhadora Industries IPO price band?

The IPO price band is set at ₹97 to ₹103 per equity share.

2. What is the Bhadora Industries IPO listing date?

The tentative listing date is August 11, 2025 on NSE SME.

3. What is the minimum investment for retail investors?

Retail investors need to apply for at least 2 lots (2,400 shares), requiring a minimum investment of ₹2,47,200.

4. What is the GMP of Bhadora Industries IPO?

As of the latest grey market reports, GMP is around ₹18–₹22, indicating a potential premium on listing.

5. Where can I check the Bhadora Industries IPO allotment status?

Investors can check allotment status on the registrar’s website or via NSE’s IPO allotment page after August 7, 2025.

Final Thoughts

The Bhadora Industries IPO presents an intriguing opportunity in the SME segment. With solid financials, government contracts, and a pan-India presence, the company has a good foundation. While SME IPOs come with their own set of risks, Bhadora’s long-standing history and growth trajectory make it worth watching.

At Ultra, we help you stay ahead in the investment game by offering real-time IPO insights, allotment updates, and expert analysis.

Want more IPO reviews and market insights? Visit us at Ultra.