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Business Standard
6 days ago
- Business
- Business Standard
NSE SME Bhadora Industries starts with a faint current on listing day
Shares of Bhadora Industries was trading at Rs 106.05 on the NSE, a premium of 2.96% compared with the issue price of Rs 103. The scrip was listed at Rs 101, a discount of 1.94% over the initial public offer (IPO) price. The stock is currently frozen at its upper limit of 5% over its listing price. The counter hit a high of Rs 106.05 and a low of Rs 101. About 15.65 lakh shares of the company changed hands at the counter. Bhadora Industries's IPO was subscribed 96.25%. The issue opened for bidding on 4 August 2025 and it closed on 6 August 2025. The price band of the IPO was set at Rs 97 to 103 per share. The IPO comprised fresh issue of 54,00,000 shares. The company intends to utilize the net proceeds for part finance the cost of establishing new manufacturing facility to expand its production capabilities of cables at Khargone in Madhya Pradesh; funding the working capital requirements of the company; and for general corporate purposes. Ahead of the IPO, Bhadora Industries on 1 August 2025, raised Rs 15.77 crore from anchor investors. The board allotted 15.31 lakh shares at Rs 103 per share to 11 anchor investor. Bhadora Industries manufactures industrial cables under the "Vidhut Cables" brand, catering to government DISCOMs and EPC companies across diverse industrial sectors. Initially focused on Polyvinyl Chloride (PVC) cables, the company has since expanded its product line to include Low Voltage (LV) cables, LT Aerial Bunched Cables, and Cross-Linked Polyethylene (XLPE) cables, each tailored for efficient electricity transmission, from low voltage distribution to high-performance overhead lines. Upholding strict safety and performance standards, Bhadora's manufacturing facility is equipped with an in-house testing lab that ensures consistent quality control while staying aligned with evolving industry demands. As of 30 June 2025, the company had 87 employees. The company recorded revenue from operations of Rs 110.11 crore and net profit of Rs 10.78 crore for the period ended 31 March 2025.
Mint
7 days ago
- Business
- Mint
Bhadora Industries share price lists with 2% discount at ₹101 on NSE SME
Bhadora Industries share price made a weak debut in the Indian stock market today. The stock was listed on Tuesday at ₹ 101 apiece on NSE SME, a discount of 1.94% to its issue price of ₹ 103.00 per share. Bhadora Industries received muted demand for its initial public offering (IPO) during its subscription period. Bhadora Industries IPO listing date was today, 11 August 2025. The equity shares of the company were listed on the NSE SME platform. Bhadora Industries IPO listing was in-line with the muted Street expectations as indicated by the grey market premium (GMP). Bhadora Industries IPO GMP today was ₹ 0 per share. This indicated a flat listing of shares. Bhadora Industries is a manufacturer of industrial cables and operates under the brand name of 'Vidhut Cables'. Bhadora Industries IPO opened for public subscription on Monday, August 4, and closed on Wednesday, August 6. The IPO allotment was finalized on August 7, and Bhadora Industries IPO IPO listing date was today, August 11. Bhadora Industries IPO was an SME IPO and the equity shares of the company got listed on NSE SME. The company raised ₹ 55.62 crore from the book-building issue which was entirely a fresh issue of 54 lakh equity shares. Bhadora Industries IPO price band was set at ₹ 103 per share. Bhadora Industries IPO was subscribed 96% in total. The public issue was booked 98% in the individual investors category, 68% in the Qualified Institutional Bidders (QIB) segment, and 1.28 times in the Non-Institutional Investors (NII) category. Unistone Capital Pvt Ltd is the book-running lead manager, while MUFG Intime India Private Limited (Link Intime) is the Bhadora Industries IPO registrar.
Mint
7 days ago
- Business
- Mint
Bhadora Industries share price lists with 2% discount at ₹101 on NSE SME
Bhadora Industries share price made a weak debut in the Indian stock market today. The stock was listed on Tuesday at ₹ 101 apiece on NSE SME, a discount of 1.94% to its issue price of ₹ 103.00 per share. Bhadora Industries received muted demand for its initial public offering (IPO) during its subscription period. Bhadora Industries IPO listing date was today, 11 August 2025. The equity shares of the company were listed on the NSE SME platform. Bhadora Industries IPO listing was in-line with the muted Street expectations as indicated by the grey market premium (GMP). Bhadora Industries IPO GMP today was ₹ 0 per share. This indicated a flat listing of shares. Bhadora Industries is a manufacturer of industrial cables and operates under the brand name of 'Vidhut Cables'. Bhadora Industries IPO opened for public subscription on Monday, August 4, and closed on Wednesday, August 6. The IPO allotment was finalized on August 7, and Bhadora Industries IPO IPO listing date was today, August 11. Bhadora Industries IPO was an SME IPO and the equity shares of the company got listed on NSE SME. The company raised ₹ 55.62 crore from the book-building issue which was entirely a fresh issue of 54 lakh equity shares. Bhadora Industries IPO price band was set at ₹ 103 per share. Bhadora Industries IPO was subscribed 96% in total. The public issue was booked 98% in the individual investors category, 68% in the Qualified Institutional Bidders (QIB) segment, and 1.28 times in the Non-Institutional Investors (NII) category. Unistone Capital Pvt Ltd is the book-running lead manager, while MUFG Intime India Private Limited (Link Intime) is the Bhadora Industries IPO registrar. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
