BMW Ventures refiled its DRHP to SEBI for an IPO

A leading long and flat steel products distributor, BMW Ventures, has refiled a draft paper with SEBI to raise funds via an Initial Public Offering.  

This offering consists entirely of a fresh issue of 2.34 crore equity shares with no Offer-for-sale component, with a face value of ₹10 each. The fresh issue size has been reduced to 18,000 shares

Previously, on September 4, 2024, the company had filed its DRHP with SEBI in order to raise funds via a fresh issue of 2,34,18,000 equity shares. However, on October 28, 2024, the company withdrew the draft papers. 

The proceeds of ₹173.75 crore raised from the fresh issue will be utilized for the repayment and prepayment of the existing debt, while the remaining funds will be used for the company’s general corporate uses. 

BMW Ventures Limited, established on October 7, 1994, based in Patna, Bihar, is one of the leading companies specialized in the distribution of long and flat steel products. 

The book-running lead manager of the company is Sarthi Capital Advisors Private Limited. To BMW Ventures, the funds raised through this IPO can be used to achieve extreme growth and allow them to seize new opportunities in increasingly competitive businesses. 

BMW Ventures IPO is a major turning point for BMW. Over the past three years, the company has enjoyed a solid revenue growth rate of 15.08%, reflecting its strong market presence. With a strong return on equity of 23.40%, the company has been able to consistently deliver financial performance and profitability. Additionally, the company has an efficient cash conversion cycle of 72.91 days, offering an incredible ability to turn assets into revenue in a short time.

The company has grown significantly under the leadership of promoters like Bijay Kumar Kishorepuria, Sabita Devi Kishorepuria, and Nitin Kishorepuria and has received strong support from private companies such as BMW Fin-Invest Private Limited and Ridhisidhi Fincon Private Limited.

BMW Ventures IPO Prospectus:

BMW Ventures Company Financial Report

Amount ₹ in Crores

BMW Ventures IPO Valuation – FY2024

BMW Ventures IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group Comparison

Objects of the Issue

• Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by our Company; and
• General Corporate Purposes

IPO Lead Managers aka Merchant Bankers

• Sarthi Capital Advisors Private Limited
• Cameo Corporate Services Limited