BMW Ventures Limited IPO Dates, Bid, Size, Allotment, Subscription, GMP, Listing, Price
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the BMW Ventures IPO release date, IPO offer price, subscription, BMW Ventures Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters, and other related things. 
BMW Ventures IPO Review & Ratings
| IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 7.5/10 |
| Industry Ranking | 7.1/10 |
| Company Background | 7.3/10 |
| Company Reputation | 7.2/10 |
| Competitive Edge | 7.7/10 |
| Financial Statements | 7.1/10 |
| Popularity Index | 7.4/10 |
| Promoters Reputation | 7.7/10 |
| Retail Appetite | 7.1/10 |
| Top Brokers Review | 7.9/10 |
| Overall Ratings | 7.4/10 |
| Star Ratings | ★★★★☆ |
Summary of BMW Ventures IPO
The Company market, sell and distribute the products to our diverse customers based in Bihar and have established our sales network in domestic markets.
BMW Ventures works on two-way marketing strategy, one being direct approach to our customers and the other through dealers.
Company is engaged in marketing and trading/distributor of steel products, tractor & tractor spare parts.
As per restated total income for the Fiscal ended March 31, 2019, 2018 and 2017 was Rs. 11097.32 Lakhs, Rs.82097.74 Lakhs and Rs. 71451.56 Lakhs respectively.
Our restated profit after tax for the Fiscal ended March 31, 2019, 2018 and 2017 was Rs. 1257.26 Lakhs, Rs. 1042.60 Lakhs and Rs. 569.32 Lakhs respectively.
The Promoters of this company are BMW Ventures Limited and Communication Limited IPO Bijay Kumar Kishorepuria, Nitin Kishorepuria, Sabita Devi Kishorepuria, and Rachna Kishorepuria.
The lead managers to the issue are GUINESS CORPORATE ADVISORS PRIVATE LIMITED and the Registrar to this issue is CAMEO CORPORATE SERVICES LIMITED.
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BMW Ventures Limited IPO Date
The opening and the closing date of the BMW Ventures Limited IPO are not known yet.
BMW Ventures Limited IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| 4th Day – | ||||
| 5th Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
BMW Ventures Limited IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
| Basis of Allotment Finalization | |
| Refunds Initiation | |
| Credit of Shares to Demat Account | |
| Share Listing Date |
BMW Ventures Limited IPO Price Band or Cash Price
Rs. [•] per Equity Share
BMW Ventures Limited IPO Issue Size
Rs. [•] per Equity Share
BMW Ventures Limited IPO Equity Share Offering
The Issue size comprises issuance of up to 57,44,000 Equity Shares of face value of Rs. 10 each fully paid-up for cash at price of Rs. [●] per Equity Share aggregating to Rs. [●] Lakhs.
BMW Ventures Limited Limited – Company Overview
Company was originally incorporated on October 07, 1994 and a Certificate of Incorporation was issued by Registrar of Companies, Bihar, Patna and Certificate of Commencement of Business was issued by Registrar of Companies, Bihar dated October 19, 1994.
They are well supported by qualified and experienced professionals at different levels with appropriate functional responsibilities.
As on the date, we have a total workforce of 447 including 33 senior executives, 140 supervisory staff, 15 office staff, 259 skilled and unskilled workers.
BMW Ventures Limited Business Model
The key to the business process of Company is marketing and creating awareness about the product. At the outset, they need to identify the customer base and assess their requirements.
After identifying the customer/dealer, they put forth our proposal explaining about the products to the customers/dealers. On being convinced about the products, the customer/dealer then sends company their requirement.
Based on the customer/dealer requirement, a purchase order is prepared covering specifications of product, quantity, price etc.
Based on mutual discussions, a final quotation is drawn up and product is dispatched to the customer/dealer specified location.
BMW Ventures Limited Business Process
Company, sell and distribute the products to the diverse customers based in Bihar and have established sales network in domestic markets.
They work on two-way marketing strategy, one being direct approach to customers and the other through dealers.
Business strategies of BMW Ventures Limited
- Increasing the customer base
- Increase geographical presence
- Increasing our Product Portfolio
- Leveraging our market skills and relationships
BMW Ventures Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary of BMW Ventures IPO
On the basis of Standalone statement:-
| Amount (in INR & lakhs) | |||
| 31-Mar-19 | Mar-18 | 31-Mar-17 | |
| Total Assets | 22,811.97 | 18,356.58 | 15,425.62 |
| Total Revenue | 110,973.32 | 82,097.74 | 71,451.56 |
| Total Expense | 109,071.13 | 80,431.75 | 70,568.88 |
| Profit After Tax | 1,257.26 | 1,042.60 | 569.32 |
Earnings per Equity Share (in lakhs)
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Basic & Diluted | 7.94 | 6.59 | 3.60 |
From the above statements, one could find that BMW Ventures Limited may perform well.
BMW Ventures Limited IPO – Promoters
The Promoter of this company is:
- Bijay Kumar Kishorepuria,
- Nitin Kishorepuria,
- Sabita Devi Kishorepuria, and
- Rachna Kishorepuria
List of Related Parties (Key Managerial Personnel)
- Rahul Kumar
- Kamal Raj
- Bijay Kumar Kishorepuria
- Nitin Kishorepuria
- Kamal Raj
- Birendra Yadav
Interest in promotion of the Company
Promoters are interested in Company to the extent that they have promoted Company and to the extent of their shareholding and the dividend receivable.
Promoters may be interested to the extent the Company has availed unsecured loans from them which are repayable on demand.
Interest in Intellectual Rights of the Company
As on the date of filing of the Draft Red Herring Prospectus, the Company does not own any intellectual property rights.
BMW Ventures Limited IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Issue of Equity Shares by our Company | Issue of upto 57,44,000* Equity Shares having face value of Rs. 10.00 each at a price of Rs. [●] per Equity Share (including a share premium of Rs. [●] per Equity share) aggregating Rs.[●] lakhs |
| Of which: | |
| Market Maker Reservation Portion | Upto [●]* Equity Shares having face value of Rs.10.00 each at a price of Rs.[●] per Equity Share aggregating Rs.[●] lakhs |
| Net Issue to the Public | Upto [●]* Equity Shares having face value of Rs.10.00 each at a price of Rs.[●] per Equity Share aggregating Rs.[●] lakhs |
| Of which: | |
| (A) Retail Portion | Upto [●]* Equity Shares having face value of Rs.10.00 each at a price of Rs.[●] per Equity Share aggregating Rs. [●] lakhs will be available for allocation to Retail Individual Investors |
| (B) Non – Institutional Portion | Upto [●]* Equity Shares having face value of Rs.10.00 each at a price of Rs.[●] per Equity Share aggregating Rs. [●] lakhs will be available for allocation to other than Retail Individual Investors |
| Pre-and Post-Issue Equity Shares | |
| *Equity Shares outstanding prior to the Issue | 1,58,28,750 Equity Shares |
| Equity Shares outstanding after the Issue | 2,15,72,750 Equity Shares |
BMW Ventures Limited IPO Issue Object
These are the IPO Issue Objects of the company
- Funding the working capital requirement of the Company
- General Corporate Purpose
- Issue Expenses
BMW Ventures Limited IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager, on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Management Team
- Multiple products
- Relationship with established players in industry
- Selling and Distribution network
The relevant quantitative factors are:
On the basis of standalone statement:-
| Basic & Diluted EPS | RONW | NAV (Rs.) | |
| 31-Mar-17 | 3.60 | 15.33% | – |
| 31-Mar-18 | 6.59 | 21.91% | – |
| 31-Mar-19 | 7.94 | 20.90% | 38.00 |
- Price to Earnings (P/E) ratio in relation to Issue Price Rs. [●] per Equity Share of Rs. 10 each fully paid up
| Particulars | P/E ratio |
| Highest | NA |
| Average | NA |
| Lowest | NA |
BMW Ventures Limited IPO Lead Managers
| Lead Managers |
| GUINESS CORPORATE ADVISORS PRIVATE LIMITED 18 Deshapriya Park Road, Kolkata – 700 026, West Bengal, India Tel: +91 – 33 – 3001 5555 Email:gcapl@guinessgroup.net Investor Grievance Email: gcapl.mbd@guinessgroup.net Website:www.guinesscorporate.com SEBI Registration No.: INM 000011930 Contact Person: Alka Mishra |
BMW Ventures Limited IPO Registrar to offer
| Registrar to the Offer |
| CAMEO CORPORATE SERVICES LIMITED Subramanian Building, No.1, Club House Road, Chennai- 600002 Tamil Nadu, India Tel : +91- 44 4002 0700/2846 0390; Fax : +91-44 2846 0129; E-mail: cameo@cameoindia.com Website: www.cameoindia.com; SEBI Registration No: INR000003753 Contact Person: R.D. Ramasamy. |
BMW Ventures Limited IPO Other Details:
- Statutory Auditor – M/s. ADV & Associates, Chartered Accountants
- Peer Review Auditor – NA
- Bankers to the Company – Oriental Bank of commerce, Axis BANK, Icici Bank Ltd. Standard Chartered bank
BMW Ventures Limited IPO GMP / Grey Market Premium
The BMW Ventures Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
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