Bhadora Industries IPO to make his debut today. Check GMP prior to debut

Industrial cable maker Bhadora Industries will be on the NSE SME platform on the NSE SME platform on Monday after his IPO. MarketChatter remains modest prior to the debut, where the Gray Market Premium (GMP) is at zero, which suggests that the shares in the vicinity of its issue price of RS 103 can state per share.

The IPO of Bookbuilding, which was opened on August 4 and closed on August 6, consisted of a new edition of 54 Lakh Equity shares.

Lauwe Investor Salon saw the offer, with a general subscription of 0.96 times. Retail investors offer their quota 0.98 times, while non-institutional investors (NII) subscribed 1.28 times. The category qualified institutional buyer (QIB) has been left and manages only 0.68 times subscription.

Bhadora Industries produces industrial cables under the “Vidhut Cables” brand, aimed at government electricity councils, EPC contractors and industrial customers in various Indian states.

The product range comprises PVC layer voltage cables, LT-air-bundled cables and XLPE cables, with a production facility in Tikamgarh, Madhya Pradesh.

Financially the company has reported a decent growth process. Turnover increased by 33% to RS 110.69 CRORE in FY25 from RS 83.27 Crore in FY24, while the profit after tax had more than doubled to RS 10.79 Crore of RS 4.96 Crore. Crore), and for general business purposes.

With GMP that does not offer an indication of an offer from pop and subscription numbers that reflect a lukewarm demand, market participants will look closely at Monday’s debut to gauge institutional appetite and post-listing momentum.