B. D. Industries IPO

B. D. Industries (Pune) Ltd

₹1,22,400 /1200 sharesMinimum Investment

B. D. Industries IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹108.00₹108.90₹0.90 (0.83%)

B. D. Industries IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
30 Jul ‘25 - 1 Aug ‘25₹2,44,8001,200₹102 - ₹108
Issue SizeIPO Doc
45.36Cr
RHP PDF

Subscription rate

As of 01 Aug'25, 05:00 PM
Qualified Institutional Buyers1.27x
Non-Institutional Investor4.02x
Retail Individual Investor1.31x
Total1.25x

About B. D. Industries

B. D. Industries was established in 1984 and initially focused on the repair and manufacturing of traction batteries. The company later expanded into the production of plastic container boxes for these batteries using roto-moulding technology. Over time, the company has diversified its offerings to include plastic products for automotive and industrial applications, such as fuel tanks, air ducts, mudguards, and cabin roofs. The company also supplies components to industries and industrial segments, such as road safety, material handling, water management, marine, renewable energy, and healthcare. B. D. Industries operates three manufacturing facilities across India. These are located in Pune, Dewas, and Hoshiarpur. A fourth unit is under construction in Zaheerabad.;
Founded in
2010
Managing director
Mr Dalbirpal Hemraj Saini
Parent organisation
B. D. Industries (Pune) Ltd

Strengths & Financials of B. D. Industries

Strengths
Risks
B. D. Industries (Pune) claims to have built enduring relationships with major customers, which have been pivotal to its business growth. The company further states that these strong partnerships have resulted in repeat business and have helped it establish a customer retention strategy.
B. D. Industries (Pune) operates three manufacturing facilities, located in Pune, Dewas, and Hoshiarpur. The Pune and Dewas plants have been in operation for over 10 years, while the Hoshiarpur facility commenced operations in FY24. The company claims that these facilities are strategically located near key customers, which helps reduce logistics costs and strengthens long-term partnerships.
B. D. Industries (Pune) claims to have a scalable, order-driven business model that emphasises optimal utilisation of its manufacturing and processing facilities.
B. D. Industries (Pune) claims to specialise in manufacturing plastic fuel tanks for the automotive and off-road sectors but has diversified its product portfolio to include custom solutions for various industries.
The company is ISO 9001:2015 certified for its quality management systems.
The company has witnessed a consistent increase in profit after tax (PAT). It increased from Rs 1.49 crore (standalone) in FY23 to Rs 3.18 crore (standalone) in FY24 and Rs 8.15 crore (consolidated) in FY25.
The top five customers accounted for Rs 52.29 crore (63.48 percent) (consolidated) of the company’s revenue in FY25, Rs 44.91 crore (82.79 percent) (standalone) in FY24, and Rs 44.27 crore (81.06 percent) (standalone) in FY23. Furthermore, the top customer alone accounted for Rs 27.22 crore (33.04 percent) (consolidated) of the company’s revenue in FY25, Rs 14.79 crore (27.26 percent) (standalone) in FY24, and Rs 16.63 crore (30.45 percent) (standalone) in FY23. Any failure to retain these key customers, expand the customer base, or a loss of business from one of these clients can adversely affect the company’s business and financial standing.
The top five suppliers accounted for Rs 33.45 crore (66.31 percent) (consolidated) of the company’s total purchases in FY25, Rs 26.76 crore (73.04 percent) in FY24, and Rs 30.79 crore (76.09 percent) in FY23. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.
B. D. Industries (Pune) is exposed to foreign exchange risks, particularly in its import and procurement operations. The company imports raw materials, mainly from countries like Thailand, and deals with suppliers in foreign currencies. Any fluctuations in currency exchange rates can harm its results of operations.
The company reported negative cash flow from operating activities amounting to Rs 1.34 crore in FY24 and Rs 0.66 crore in FY23. Additionally, negative cash flow from investing activities amounted to Rs 8.42 crore in FY25 and Rs 1.01 crore in FY24. The company reported negative cash flow from financing activities amounting to Rs 1.53 crore in FY25 and Rs 1.14 crore in FY23. Furthermore, the company experienced a net decrease in cash and cash equivalents in FY24 and FY23, amounting to Rs 0.34 crore and Rs 1.59 crore, respectively. If cash outflows continue to exceed inflows in the future, the company could face liquidity challenges.
A significant portion of the company’s revenue is derived from Maharashtra, Madhya Pradesh, Punjab, Haryana, Telangana, Karnataka, and Tamil Nadu. They accounted for Rs 70.18 crore (85.19 percent) (consolidated) of the company’s total revenue in FY25, Rs 43.22 crore (79.67 percent) (standalone) in FY24, and Rs 47.54 crore (87.05 percent) in FY23. Furthermore, among these states, Maharashtra alone accounted for Rs 33.46 crore (40.61 percent) (consolidated) of the company’s total revenue in FY25, Rs 20.32 crore (37.46 percent) (standalone) in FY24, and Rs 22.33 crore (40.89 percent) (standalone) in FY23. Any adverse developments in the business environment of any of these regions could be detrimental to the company’s revenues and profitability.
The company, its wholly owned subsidiary, and promoters are involved in certain ongoing legal proceedings, including criminal and tax-related matters. Any adverse judgment in any of these cases could be detrimental to the company’s business prospects.
As of FY25, the company had outstanding financial indebtedness of Rs 22.19 crore. Any failure to service or repay these loans can hurt the company’s operations and financial position.

B. D. Industries Financials

*All values are in Rs. Cr
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Application Details of B. D. Industries IPO

Apply asPrice bandApply upto
Regular102 - 108₹2 - 5 Lakh
High Networth Individual102 - 108₹2 - 5 Lakh
For B. D. Industries IPO, eligible investors can apply as Regular.