BMW Ventures Ltd

BMW Ventures Ltd is a trading company that is engaged in the trading and distribution of steel products, tractor engines, and spare parts. In addition, the company is also involved in the manufacture of PVC pipes and the fabrication of pre-engineered buildings. It has a network of nearly 1,300 distributors pan-India to distribute its products. Its trading portfolio includes TMT bars, GI sheets, HR sheets, wire rods, galvanized sheets, pipes, screws, etc. 

The IPO is an entirely a fresh issue with no OFS component. Fresh funds will be used for funding the working capital needs of the company. BMW Ventures Ltd was promoted by Bijay Kishorepuria, Sabita Kishorepuria, Nitin Kishorepuria, Rachna Kishorepuria, and others. The IPO will be lead-managed by Sarthi Capital Advisors; while Cameo Corporate Services Ltd will be the registrar. The company is headquartered at Patna, in Bihar. 

Highlights of the IPO Issue

Here are the key highlights of the public issue of BMW Ventures Ltd. 

1. The IPO of will be open from September 24th, 2025 to September 26th, 2025. It has a face value of ₹10 per share and IPO price band is set in range of ₹94 to ₹99 per share.
2. The IPO of BMW Ventures Ltd will be entirely a fresh issue of shares with no offer for sale (OFS) component in the public issue.
3. The fresh issue portion comprises the issue of 2,34,00,000 shares (234.00 lakh shares), which at the upper price band of ₹99 per share translates into ₹231.66 crore.
4. Since there is no OFS component, the fresh issue size will also be the total issue size. The overall IPO will comprise of a fresh issue of 2,34,00,000 shares (234.00 lakh shares) worth ₹231.66 crore at the upper band price of ₹99 per share. 

The IPO of BMW Ventures Ltd will be listed on the NSE and the BSE on the IPO mainboard. 

Key Dates, Investor Allocation, And Lot Sizes

Here are the key dates pertaining to the IPO of BMW Ventures Ltd 

Data Source: Company RHP 

Investors can apply either through their existing trading account or the ASBA application can be directly logged through the internet banking account. This can only be done through the authorized list of self-certified syndicate banks (SCSB).  

The table below captures the gist of the allocation to various categories. 

Data Source: Security Parameters Filing (NSE) 

The anchor portion, if any, is carved out of the QIB portion and the QIB portion available in the IPO offer has been reduced proportionately. Please note that the above shares are final and may differ marginally from the original announcement. Here is a quick look at the lot sizes applicable for the IPO of BMW Ventures Ltd for various categories of investors. 

It may be noted here that for the B-HNI category and for the QIB (qualified institutional buyer) category, there are no upper limits applicable. (1 Lot = 151 shares) 

Financial Highlights

The table captures the key financials of BMW Ventures Ltd for last 3 financial years.  

Data Source: Company RHP filed with SEBI (FY refers to Apr-Mar period) 

Being a trading company, the sales figure may be misleading, although it has been rather erratic. However, profit margins have been under 1.6%, which is generally the trend for trading companies, as the top line tends to limit the PAT margins. 

Valuation Metrics

At the current issue price of ₹99 per share, the valuation of the company is at a P/E ratio of 19.1X in terms of latest year EPS of ₹5.18. The ROE is relatively comfortable at over 15%, but the PAT margins being under 2% would be a limit on profit growth. That is something investors need to watch out for. 

The core business model of the company is that of a trading company, but even for a trading company, the PAT margins are very low on a consistent basis. The company does have a strong distributor network and economies of scale. However, investors need to really take a call on whether this could make a substantive difference to the valuation of the stock. 

IPO Subscription Status On Day-1

As of 5.15 pm on 24th September 2025, out of the 234.00 lakh shares on offer in the IPO (excluding anchor portion), BMW Ventures Ltd saw bids for 25.40 lakh shares. This implies an overall subscription of 0.11X at a macro level. The granular break-up of subscriptions as of the close of Day-1 of the IPO of BMW Ventures Ltd was as under: 

The subscriptions were led by the QIB Investors followed by the Retail investors and the HNI / NII investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, and that would be the case in this issue also. Both the QIB and the NII bids pick up momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion. 

Data Source: NSE / BSE (as of close of Day-1 of the IPO) 

The IPO is open up to September 26, 2025, at which point we will know the final subscription status of the IPO. 

IPO Subscription Status On Day-2

As of 5.20 pm on 25th September 2025, out of the 234.00 lakh shares on offer in the IPO (excluding anchor portion), BMW Ventures Ltd saw bids for 52.12 lakh shares. This implies an overall subscription of 0.22X at a macro level. The granular break-up of subscriptions as of the close of Day-2 of the IPO of BMW Ventures Ltd was as under: 

The subscriptions were led by the QIB Investors followed by the Retail investors and the HNI / NII investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, and that would be the case in this issue also. Both the QIB and the NII bids pick up momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion. 

Data Source: NSE / BSE (as of close of Day-2 of the IPO) 

The IPO is open up to September 26, 2025, at which point we will know the final subscription status of the IPO. 

IPO Subscription Status On Day-3

As of 7.20 pm on 26th September 2025, out of the 234.00 lakh shares on offer in the IPO (excluding anchor portion), BMW Ventures Ltd saw bids for 351.68 lakh shares. This implies an overall subscription of 1.50X at a macro level. The granular break-up of subscriptions as of the close of Day-3 of the IPO of BMW Ventures Ltd was as under: 

The subscriptions were led by the QIB Investors followed by the HNI / NII investors and the Retail investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, and that was the case in this issue also. Both the QIB and the NII bids pick up momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion. 

Data Source: NSE / BSE (as of close of Day-3 of the IPO) 

The IPO was open up to September 26, 2025, and the subscriptions have closed as of the close of trading on September 26, 2025. The above subscription table represents the updated status of the IPO as of the close as published by exchanges at 7.00 PM. These are the final subscription numbers for this IPO. 

Next Step in the IPO

Post the closure of the IPO subscription on 26th September 2025, the basis of allotment will be finalized on 29th September 2025 and the refunds will be initiated on 30th September 2025. In addition, the demat credits are expected to also happen on 30th September 2025 and the stock will list on 01st October 2025 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 30th September 2025 under ISIN (INE965W01036). 

About the BMW Venture IPO

The IPO of BMW Ventures Ltd opened on September 24th, 2025 and closed on September 26th, 2025. The overall IPO comprised of a fresh issue of 2,34,00,000 shares (234.00 lakh shares) worth ₹231.66 crore at the upper price band of ₹99 per share. The allotment status will be finalized by end of day (EOD) of September 29, 2025. Here is how to check your allotment status for the IPO of BMW Ventures Ltd. You can check IPO status on the BSE website or on the NSE website or on IPO Registrar website (Cameo Corporate Services Ltd). 

Checking The Allotment Status of IPO on BSE Website

This is a facility available to all mainboard IPOs, irrespective of who the registrar to the issue is. Visit the BSE link for the IPO allotment by clicking on the link below.  

https://www.bseindia.com/investors/appli_check.aspx 

Once you reach the page, here are the steps to follow. 

1. Under Issue Type – Select Equity Option 
2. Under Issue Name – Select BMW Ventures Ltd   from the drop-down box 
3. Enter the Application Number / CAF exactly as in the acknowledgement slip .OR. 
4. Enter your PAN (10-digit alphanumeric) number 
5. Once this is done, you need to click on the Captcha to verify you are not a robot 
6. Finally click on the Search Button 

You can use either of the parameters to query; Application / CAF number or Investor PAN. 

The allotment status will be displayed on the screen in front of you informing about the number of shares of BMW Ventures Ltd allotted into your demat account. You can save a screenshot of the allotment status output for subsequently verifying with the demat account credits. 

Checking The Allotment Status of IPO on NSE Website

This is a common link for all IPOs. Click on NSE link for IPO allotment as below.  

https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids 

Once you reach the page, here are the steps to follow. 

1.  Under Issue Type – Select Equity & SME IPO Details Option 
2. Under SELECT SYMBOL – Select BMWVENTLTD from the dropdown box 
3. Enter the Application Number / CAF exactly as in the acknowledgement slip .AND. 
4. Enter your PAN (10-digit alphanumeric) number 
5. Once both are entered, click on the Submit Button 

You must input the Application / CAF number and the Investor PAN. 

The allotment status will be displayed on the screen in front of you informing about the number of shares of BMW Ventures Ltd allotted into your demat account. You can save a screenshot of the allotment status output for tallying with the demat account credits. 

Checking Allotment Status of IPO on Cameo Corporate Services Ltd

Here are the steps to follow. Visit the Cameo Corporate Services Ltd website for IPO status by clicking on the link below: 

https://ipo.cameoindia.com/ 

The first thing you see is 3 links viz. Link 1, Link 2, and Link 3. These are just different servers and in case you find too much traffic causing delays on one server, you can check the other server. The output will be the same, irrespective of which server you choose. Once you click on the Server Link page, you go to the main landing page, where you first select the company from the drop-down list, for which you need to query on IPO allotment. 

There are 3 options available to you to access the allotment status, and you can use any of these options to query.   

• You can use DPID-Client ID combination. For NSDL, combination is alphanumeric, while for CDSL, combination is numeric. This is available in your demat statement.
   

• The second option is to use Application Number / CAF to query the allotment status in the IPO. The application / CAF number is available on the acknowledgement slip.
   

• You can use PAN access. Enter the 10-character alphanumeric income tax permanent account number (PAN). Make it a point to verify your PAN before entering.
   

• Once you enter the query input, you need input a 6-digit numeric Captcha Code, to confirm that you are not using robotic querying. 

Finally, click on the SUBMIT button and the allotment status is right in front of you. You can save the screenshot for future reference and reconciling with demat account. 

In case, you have any issues with the output, register an investor query with Cameo Corporate Services Ltd. You can either send an email with all requisite details and problem to [email protected] or you can call on (+91)-44-2846.0390 or (+91)-44-2846.0129 for voice call. 

Disappointing Listing For BMW Ventures Ltd

BMW Ventures Ltd had a disappointing listing on 01st October 2025. On the NSE, the stock of BMW Ventures Ltd listed at ₹78, a deep discount of -21.21% to the IPO issue price of ₹9 per share. The issue was subscribed just 1.50 times overall at the close of the IPO, so opening sentiments being weak was along expected lines. However, had the market sentiments been stronger, the post listing performance could have been better. 

On the BSE also, the listing of BMW Ventures Ltd was disappointing. Against the issue price of ₹99 per share, the stock listed at ₹80, a discount of -19.19% to the issue price. The stock of BMW Ventures Ltd is on Trade to Trade (T2T) settlement basis. 

How the Stock of BMW Ventures Ltd Moved During the Day?

After opening sharply lower at ₹78 per share on the NSE, the stock traded below the listing price for a better part of the trading day. During the day, the stock of BMW Ventures Ltd touched a high of ₹78 and an intraday low of ₹74.10. On the NSE, the upper circuit band of the stock is set at ₹81.90 while the lower circuit band is set at ₹74.10 per share. Effectively, the stock peaked at the listing price and closed at lower circuit. 

What about the BSE? After opening sharply lower at ₹80 per share on the BSE, the stock stayed below the listing price all through the day. During the day, the stock of BMW Ventures Ltd touched a high of ₹80 and an intraday low of ₹76. On the BSE, the upper circuit band of the stock is set at ₹83.99 while the lower circuit band is set at ₹76 per share. Even on BSE, the stock peaked at listing price and closed at lower circuit. 

How Did the Stock of BMW Ventures Ltd Close on Listing Day?

Here is how the stock of BMW Ventures Ltd closed on the NSE. The closing price of ₹74.10 per share is at a discount of -25.15% to the IPO issue price and also at a discount of -5.00% to the listing price of ₹78 per share on the NSE. The company had a market cap of ₹643 crore at close. During the day, the stock of BMW Ventures Ltd traded 14.52 lakh shares on the NSE, with total traded value of ₹10.97 crore. Deliveries were 100% of the total volumes on NSE being on the T2T segment. 

Here is how the stock of BMW Ventures Ltd closed on the BSE. The closing price of ₹76 per share is at a discount of -23.23% to the IPO issue price and a discount of -5.00% to the listing price of ͭ₹80 on the BSE. The company had a market cap of ₹659 crore as of close. During the day, the stock of BMW Ventures Ltd traded 2.17 lakh shares on the BSE, having a total traded value of ₹1.71 crore. Deliveries were 100% on the BSE being in T2T segment. 

The stock trades under codes: NSE (BMWVENTLTD), BSE (544543), ISIN (INE965W01036).