BMW Ventures Limited IPO

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BMW Ventures is a diversified industrial company engaged in the trading, distribution, manufacturing, and fabrication of steel products, tractor engines and spare parts, PVC pipes, roll-formed products, and Pre-Engineered Buildings (PEB) and steel girders. With a strong presence in Bihar, including major operations in Purnea and Patna, the company has established itself as a leading distributor and fabricator serving both retail and institutional clients.

Business Model

BMW Ventures operates a multi-segment business model combining distribution, manufacturing, and fabrication:

1. Steel Distribution: Exclusive distributor of long and flat steel products, including TMT bars, GC sheets, HR sheets, CR sheets, galvanized wires, hollow sections, doors, and windows. Products are supplied through a dealer network of over 1,299 dealers across 29 districts in Bihar.

2. Tractor Engine & Spare Parts Distribution: Distribution of tractor engines and spare parts to a network of dealers across Bihar.

3. Manufacturing & Fabrication: Production of PVC pipes, roll-formed products, and fabrication of PEB and steel girders. The company is an RDSO-approved fabricator for steel girders and offers cut-to-length services for HR and GP sheets.

4. Logistics & Supply Chain: In-house and third-party logistics support across six stockyards to ensure timely delivery and inventory management.

The company applies a cost-plus pricing model, factoring in steel costs, operational expenses, and profit margins, with pricing adjusted based on market demand and competition.

Operations & Infrastructure

BMW Ventures operates six stockyards—one in Purnea and five in Patna—supporting fabrication, storage, and distribution of steel products. These facilities are equipped with material handling equipment for loading, unloading, cutting, shaping, and resizing products according to dealer requirements.

Strengths & Competitive Advantage

i) Experienced Leadership: Promoters with decades of experience in steel trading and distribution provide strategic guidance and ensure strong relationships with primary suppliers.
ii) Exclusive Supplier Relationships: Long-standing partnerships with primary steel suppliers strengthen procurement reliability and quality assurance.
iii) Extensive Distribution Network: A dealer network of over 1,299 dealers enables wide-reaching market coverage and efficient product delivery.
iv) Diverse Industry Presence: Serves multiple sectors including construction, agriculture, automotive, and general engineering.
v) Proven Financial Performance: Demonstrated consistent revenue growth with FY2025 revenue of ₹2,06,203.52 lakhs, FY2024 revenue of ₹1,93,819.63 lakhs, and FY2023 revenue of ₹2,01,509.72 lakhs.

Objects of the BMW Ventures Limited IPO:

Company intends to utilise the Net Proceeds towards funding the following objects: 1. Repayment/pre-payment of certain outstanding borrowings (₹173.75 cr) 2. General Corporate Purposes

BMW Ventures Limited IPO Details:

Open Date: Sep 24 2025
Close Date: Sep 26 2025
Total Shares: 2,34,00,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Building
Issue Size: 231.66 Cr.
Lot Size: 151 Shares
Issue Price: ₹ 94-99 Per Equity Share
Listing At: NSE,BSE
Listing Date: Oct 01 2025

Promoters And Management:

1. Bijay Kumar Kishorepuria – Promoter, Chairman & Whole-Time Director: Bijay Kumar Kishorepuria, a matriculate from Patna University, has been associated with the company since its inception. He brings nearly three decades of experience in the trading of iron and steel products, providing strategic direction and leadership to the organization. 2. Nitin Kishorepuria – Promoter & Managing Director: Nitin Kishorepuria holds a Postgraduate Diploma in Business Management with a focus on marketing and systems from the International School of Business & Media, Pune. With over 20 years of experience in iron and steel trading, he oversees the company’s sales and marketing strategies and has been with the company since 2003. 3. Rachna Kishorepuria – Promoter & Whole-Time Director: Rachna Kishorepuria, a Bachelor of Arts graduate from Patna University, has been a board member since November 2006. She is responsible for managing the Human Resource function and brings over 15 years of experience in HR, contributing to organizational growth through HR planning, talent management, and employee engagement initiatives.

Financials of BMW Ventures Limited IPO:

Particulars FY2024-2025 FY 2023-2024 FY 2022-2023
Revenue from Operations( Cr) 2,062.03 1,938.19 2,015.09
EBITDA (Cr) 87.39 72.55 67.84
EBITDA Margins 4.24% 3.74% 3.37%
PAT (Cr) 32.82 29.93 32.65
PAT Margins 1.59% 1.54% 1.62%
ROCE 12.80% 11.68% 14.31%
Debt to Equity Ratio(In Times) 2.04 2.12 1.81
Operating Cash Flows (Cr) 50.22 -53.04 -80.93

Comparison With Peers:

Companies Revenue (in cr) EBITDA Margins PAT Margins ROCE D/E Ratio MCap (in cr) P/E
BMW Ventures Limited 2,062.03 4.24% 1.59% 12.80% 2.04 858.47 26.16
Shiv Aum Steel Limited 548 3% 1.82% 1.07% 0.81 404 41.8

Lead Manager of BMW Ventures Limited IPO:

  1. Sarthi Capital Advisors Private Limited

Registrar of BMW Ventures Limited IPO:

  1. Cameo Corporate Services Limited

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