BD Industries Launches Rs 45.36 Crore IPO on BSE SME Platform
By ScanX News Team
BD Industries, a Pune-based manufacturer of rotationally molded plastic products, has opened its Initial Public Offering (IPO) on the BSE SME platform. The company aims to raise Rs 45.36 crore by offering 42 lakh equity shares. The price band is set at Rs 102 - Rs 108 per share, with the subscription period open until August 1. BD Industries operates in various sectors including automotive, agriculture, healthcare, and marine. The company has reported strong financial results with a 52% YoY revenue growth to Rs 84.13 crore and a 156% YoY net profit increase to Rs 8.15 crore. The IPO's grey market premium currently stands at zero.
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BD Industries has opened its Initial Public Offering (IPO) on the BSE SME platform, aiming to raise Rs 45.36 crore. The Pune-based company, which specializes in manufacturing rotationally molded plastic products, is offering 42 lakh equity shares to the public.
IPO Details
- Issue Size: Rs 45.36 crore
- Price Band: Rs 102 - Rs 108 per share
- Subscription Period: Open until August 1
- Minimum Investment: Rs 2.59 lakh (2,400 shares) for retail investors
- Grey Market Premium: Zero
Company Overview
BD Industries is a manufacturer of rotationally molded plastic products catering to various sectors:
- Automotive
- Agriculture
- Healthcare
- Marine
Their product range includes fuel tanks, urea tanks, and battery boxes.
Manufacturing Facilities
The company currently operates three manufacturing plants:
- Pune
- Dewas
- Hoshiarpur
A fourth facility is under development in Zaheerabad, Telangana, indicating the company's expansion plans.
Financial Performance
BD Industries has reported robust financial results:
| Financial Metric | Amount (in Rs crore) | Growth (YoY) |
|---|---|---|
| Revenue | 84.13 | 52% |
| Net Profit | 8.15 | 156% |
IPO Timeline
- Subscription Closes: August 1
- Expected Allotment Date: August 4
- Tentative Listing Date: August 6
Despite the company's strong financial performance, it's worth noting that the grey market premium for the IPO currently stands at zero. Investors should conduct their own research and consider their risk appetite before making investment decisions.
The BSE SME platform, where BD Industries is listing, is designed for small and medium enterprises to raise capital and gain visibility in the public market. This IPO represents an opportunity for investors to participate in the growth story of a company operating in the specialized plastic manufacturing sector.
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