B.D.Industries BSE SME

B.D.Industries SME: Check IPO Date, Live Subscription and Key Details

B.D. Industries (Pune) Ltd., established in 1984, specializes in manufacturing rotationally molded plastic products for various industries. The company offers a broad range of over 500 components across 8 different industries, including material handling, automotive, road safety, waste management, healthcare, power and energy, and custom molding products. Key automotive products include plastic fuel tanks (for off-road vehicles), urea tanks, fenders, hydraulic tanks, air ducts, mudguards, and cabin roofs. Beyond automotive, their products serve road & highway safety, material handling & storage, water management & disposal, marine, renewable energy, and healthcare sectors. B.D. Industries operates four manufacturing facilities strategically located in Pune (Maharashtra), Dewas (Madhya Pradesh), Hoshiarpur (Punjab), and a new facility under construction in Zaheerabad (Telangana). The current installed capacity is 4,500 MT, with a utilized capacity of 2,396 MT.

Min Investment
₹129600
Price Range
₹102.00-108.00
Issue Size
₹43.03 Cr
IPO Type
BSE SME

Key Metrics

Check Live GMP

Face Value
₹10
EPS
5.73
P/E Ratio
18.83
RoNW
35.97%
ROE
43.86%
Debt to Equity
1.05

Timeline

IPO Opens

30 Jul

IPO Closes

1 Aug

Allotment

4 Aug

Listing

6 Aug

IPO Objectives

  • Repayment or Pre-payment of borrowings of the Company (₹6.80 crore).
  • Funding Working Capital Requirement of the Company (₹7.30 crore).
  • Repayment or Pre-payment of its borrowings (of subsidiary) (₹11.60 crore).
  • Purchase of Machinery (₹5.40 crore).
  • Funding Working Capital Requirement (of material subsidiary) (₹7.30 crore).
  • General Corporate Purpose.

Strengths

  • Scalable, efficient model: Operates an order-driven, one-stop solution from development to production, ready for market expansion.
  • Robust manufacturing: Four state-of-the-art facilities ensure optimal logistics and on-time delivery.
  • Strong customer loyalty: Over 35 years of relationships with major domestic and international clients like John Deere and Mahindra & Mahindra.
  • Diversified product range: Over 500 products across 8 industries (e.g., automotive, healthcare), reducing sector reliance.
  • Excellent financial growth: Revenue up 52% and PAT up 156% between FY24-FY25, showing strong operational efficiency.

Weaknesses

  • High customer concentration: Top 5 customers accounted for over 63% of FY25 revenue, creating significant dependency.
  • Supplier reliance: Heavy dependence on a few suppliers, including international ones, without long-term contracts, posing operational risks.
  • Recent negative cash flow: Experienced negative cash flow from operations in FY23 and FY24, raising concerns about financial stability.
  • Working capital intensive: Requires substantial working capital for operations, as reflected in IPO proceeds allocation.
  • Vulnerable to raw material costs: Susceptible to price volatility of imported raw materials (plastics, steel), impacting profit margins.

Financial Performance

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets (₹ Cr.)68.931.9627.18
Revenue (₹ Cr.)84.1355.3355.1
PAT (₹ Cr.)8.153.181.49
Net Worth (₹ Cr.)21.1413.5410.36

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)

Subscription Details

Daily Bids Status

DateDay 1Day 2Day 3
QIB1.01x1.01x1.27x
NII2.98x2.69x3.66x
S-HNI0.12x0.21x0.89x
B-HNI4.41x4.48x5.59x
RII0.32x0.64x1.32x
Total1.09x1.18x1.81x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB7,96,80010,12,80010.94
NII5,97,60021,88,80023.64
Small NII1,99,2001,76,4001.91
Big NII3,98,40022,28,40024.07
RII13,94,40018,43,20019.91
Total27,88,80050,44,80054.48

Company Details

  • 15th Flr, 1501-B, Universal Majestic, PL Lokhande Marg, G M Link Road, Nr RBK International School, Govand West, Mumbai, Maharashtra-400043
  • 022-6249-0801
  • cs@bdi-group.org
  • https://www.bdi-group.org/

Registrar Details