Overview
- Shares opened at Rs 80 on the BSE and Rs 78 on the NSE versus the Rs 99 issue price, then ended at Rs 76 on the BSE and Rs 74.10 on the NSE.
- The IPO raised Rs 231.66 crore through a fresh issue of 2.34 crore shares in a Rs 94–99 price band with a lot size of 151 shares.
- BMW Ventures plans to use up to Rs 174 crore of the proceeds to repay debt, against consolidated borrowings of Rs 428 crore as of March 31, 2025.
- The offering was subscribed 1.50 times overall, led by QIBs at 3.09x and NIIs at 3.03x, while the retail portion was booked 0.99x.
- The stock listed in the T-segment with no intraday trading and a 5% circuit filter for the first 10 sessions, leaving IPO investors with an illustrative loss of about Rs 3,171 per lot.