BMW Ventures IPO: Patna-Based Firm Set to Launch 27% Equity Issue on September 13 – All You Need to Know

BMW Ventures Limited, based in Patna, Bihar, has announced plans for an initial public offering (IPO), where it will issue 23,418,000 equity shares with a face value of ₹10 each. This represents 27% of the company’s post-issue paid-up equity capital. The IPO is expected to launch on September 13, according to an official filing.

The IPO will follow SEBI’s book-building process, in line with the rules outlined in the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Details of BMW Ventures IPO

While the price range for the IPO hasn’t been set yet, the company will decide this in consultation with its lead book-running manager, Sarthi Capital Advisors Private Limited, based on market demand. The funds raised will help the company strengthen its capital base and grow further in its industry.

IPO Allocation Plan

BMW Ventures, which works in various business sectors, outlined its financial plans in its Draft Red Herring Prospectus (DRHP) filed in September 2024. The IPO will be divided into parts for different types of investors, including Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs). No more than 50% of the shares will go to QIBs, while at least 35% will be reserved for retail investors. Part of the IPO will also be offered to domestic mutual funds.

This marks a significant moment for BMW Ventures, which was founded in 1994 and has grown under the leadership of its promoters, including Bijay Kumar Kishorepuria, Sabita Devi Kishorepuria, and Nitin Kishorepuria. The company also has backing from private firms like BMW Fin-Invest Private Limited and Ridhisidhi Fincon Private Limited.

Risks and Listing

Although the IPO presents a good opportunity for investors, the company has warned of potential risks, such as market fluctuations and uncertainty about the share price after listing. Investors are advised to carefully review the risk factors mentioned in the DRHP before making any decisions.

Once the IPO is complete, BMW Ventures’ shares will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), allowing investors to trade them on India’s major stock exchanges.