Bihar-based BMW Ventures, a distributor of long and flat steel products, is set to launch its initial public offering (IPO) next week. The issue will open for subscription on September 24 and close on September 26.
The IPO consists entirely of a fresh issue of 2.34 crore equity shares, with proceeds flowing directly to the company. The funds will be primarily used to reduce debt, as the company had consolidated borrowings of Rs 428.38 crore as of March 2025. Out of the proceeds, Rs 173.75 crore will go toward repayment of loans, while the remaining amount will be allocated to general corporate purposes.
BMW Ventures derives nearly 98 percent of its revenue from steel distribution. The rest comes from allied businesses, including the distribution of tractor engines and spare parts, manufacturing of PVC pipes and roll forming, and fabrication of pre-engineered buildings (PEBs) and steel girders.
For FY25, the company reported a profit of Rs 32.8 crore, marking a 9.6 percent growth from Rs 29.9 crore in the previous year. Revenue rose 6.4 percent year-on-year to Rs 2,062 crore, though the company’s financial performance has shown fluctuations in recent years.
Sarthi Capital Advisors is the sole merchant banker managing the IPO.
