B.D. Industries IPO: GMP, Date, And Price

B.D. Industries IPO- Complete Analysis

B.D. Industries IPO under the SME IPO category is a bookbuilding of Rs. 45.36 Cr by B.D. Industries (Pune) Ltd., which was incorporated in 1984 with a focus on producing plastic products that are rotationally molded.

The company produces urea tanks, fenders, hydraulic tanks, air ducts, mudguards, cabin roofs, plastic fuel tanks for off-road vehicles, and products for a variety of industries, including safety, healthcare, and marine.

To meet its varied production and client needs, the company runs three manufacturing sites in Pune, Dewas, and Hoshiarpur, and is now building a fourth in Zaheerabad, Telangana.

 

Products:

• Plastic Fuel tanks.

• Additional automobile goods.

• Pallets.

 

B.D. Industries IPO Details

The B.D. Industries IPO date is on 30 July 2025, and its initial public offering will end on 01 Aug 2025. 

The Rs. 45.36 Crore new SME IPO comprises a wholly fresh issue of 42 lac shares.

The B.D. Industries IPO listing date (expected) might be on Wednesday, Aug 06, 2025, and listing at the BSE and SME.

IPO Timetable (Tentative)

 

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Company Financial

(Amount in lac)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Total Assets	6,890.28	3,196.14	2,718.14
Total Revenue	8,237.85	5,425.02	5,461.30
PAT	760.54	318	149.22
Net Worth	2,114.29	1,353.74	1,035.74
Reserves & Surplus	1,113.29	1,352.74	1,034.74
Borrowings	1,861.33	2,048.42	1,487.48

 

 

Cash Flows

(Amount in lac)

Net Cash Flow in Multiple Activities	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	1,009.55	(134.01)	(66.13)
Net Cash Flow Investing Activities	(842.33)	(100.89)	21.34
Net Cash Flow Financing Activities	(153.26)	201.26	(114.46)

 

Revenue Bifurcation

Revenue from Operations Breakdown

(Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Repayment or prepayment of the company's debts.

• The company's need for funding for working capital.

• Payback or early settlement of its debts. 

• Acquisition of equipment.

• Working capital needs.

• General corporate purposes.

Click to check the IPO application status.

 

Listed Peers of B.D. Industries Ltd.

Company Name	Face Value (Rs.)	EPS (Rs.)	P/E (x)
Nilkamal Limited	10	71.32	25.04
Time Technoplast Limited	1	17.1	25.94
Supreme Industries Limited	2	75.64	58.07

 

Evaluation

The B.D. Industries IPO price is Rs. 102 to Rs. 108 for each Share.

Evaluation of P/E Ratio

Considering the FY ended on 31 Mar 2025 with an EPS of Rs. 7.60 from the last year, the resulting P/E ratio is 14.21x. When compared with the industry’s average P/E of 46.4x, it indicates an undervaluation (on a P/E ratio basis only). Hence, the price of the Share seems fairly priced for the investors.

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IPO's Strengths 

• Management expertise.

• Team quality control.

•  Long-term partnerships.

• A  reputable manufacturing facility with a scalable business plan.

 

 

IPO’s Weaknesses

• Reliance on a limited clientele.

• Dependency on suppliers.

• Risk of foreign exchange.

• A history of negative cash flow.

 

B.D. Industries IPO GMP (Grey Market Premium)

B.D. Industries IPO GMP today is Rs. 0 as of 26 Jul 2025 at the time of writing this information. Hence, the B.D. Industries IPO listing price (estimated) might be Rs. 108 (upper price + current GMP).

B.D. Industries IPO Details

The IPO has a market maker portion size of 2,16,000 Shares (Rs. 2.33 Cr).

IPO Opening & Closing Date	30 Jul, 2025 to 01 Aug, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 102 to Rs. 108  per Share.
Lot Size	1200 Shares
Issue Size	42,00,000 Shares (Rs. 45.36 Cr)
Offer for Sale	-
Fresh Issue	42,00,000 Shares (Rs. 45.36 Cr)
Listing at	BSE, SME
Issue Type	Bookbuilding Issue
Registrar	Cameo Corporate Services Limited

 

 

IPO Lot Details 

Retail investors can invest in a minimum and maximum of 2 Lots (2400 Shares) for Rs. 2,59,200 and in multiples thereof, while for HNI investors, the minimum Lot is 3 (3600 Shares) for Rs. 3,88,800.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
HNI (Min)	3 Lots

 

IPO Reservation (% of Net Issue)

Institutional’s Portion	47.43%
Retail’s Portion	33.20%
Non-Institutional Portion	14.23%

 

Promoters And Management of B.D. Industries Ltd.

Dalbirpal Saini, Arti Saini, Akshay Saini, Rahul Saini.

Pre-Issue Promoter Shareholding	100%
Post-Issue Promoter Shareholding	70.44%

 

IPO Lead Managers

• Aryaman Financial Services Limited.

 

 

Dividend Policy

The company has not paid a dividend during the last three financial years.

Conclusion

The B.D. Industries IPO presents a chance in the market for rotationally molded plastic goods, which have a variety of uses in the safety, maritime, and automotive sectors. The business is well-positioned for long-term growth thanks to its strong manufacturing presence, scalable business strategy, and steady financial growth.

Risks like supplier concentration and reliance on a small number of clients must be taken into account.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.