Bhadora Industries’ IPO subscription opened on Monday, August 4, 2025, and closed on Wednesday, August 6, 2025, as per the schedule. The price band was fixed at ₹97 to ₹103 per share with a face value of ₹10 each.

Bhadora Industries IPO Subscription Status
On the last day of bidding, August 6, 2025, till 5:00 PM, the IPO was subscribed 0.96 times.

The subscription status showed that the QIB portion was subscribed 0.68 times, the NII portion was subscribed 1.28 times, and the RII portion was subscribed 0.98 times. Overall, the company received bids for 34,50,000 shares against 35,95,200 shares on offer.

• Day 1 (Aug 4): 0.13x subscription
• Day 2 (Aug 5): 0.12x subscription
• Day 3 (Aug 6): 0.96x subscription

About Bhadora Industries Limited
Incorporated in April 1986, Bhadora Industries Limited is engaged in the manufacturing of industrial cables used for efficient electricity transmission and distribution. The company supplies primarily to government departments and EPC companies across various industries under the brand name “Vidhut Cables.” Its product range includes Polyvinyl Chloride (PVC) cables, Low Voltage (LV) cables, LT Aerial Bunched Cables, and Cross-Linked Polyethylene (XLPE) cables.

The company’s factory is approved by the Bureau of Indian Standards (BIS) and holds certifications for quality, environment, and worker safety. Bhadora Industries has a strong market presence in several states including Andhra Pradesh, Assam, Bihar, Chhattisgarh, Delhi, Haryana, Himachal Pradesh, Jammu & Kashmir, Jharkhand, Kerala, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Telangana, Uttar Pradesh, and Uttarakhand. Its manufacturing facility is located in Tikamgarh, Madhya Pradesh, covering 15,028 square feet. As of June 30, 2025, the company employed 87 permanent staff members.

Bhadora Industries Financial Report
The company reported revenue of ₹110.69 crores in FY 2025 compared to ₹83.27 crores in FY 2024. Profit also rose to ₹10.79 crores in FY 2025 as against ₹4.96 crores in FY 2024.

Bhadora Industries IPO GMP
As of Wednesday, August 6, 2025, the IPO GMP stood at ₹1. This indicates that the IPO was trading at ₹104 in the grey market, reflecting a premium of ₹1 over the issue price of ₹103.