Overview

• The three-day offer runs Sept. 24–26, with allotment slated for Sept. 29 and a tentative listing on Oct. 1 on BSE and NSE.
• The issue is a 100% fresh sale of 2.34 crore shares; the lot size is 151 shares and the upper-band valuation implies a market cap of about Rs 858.5 crore.
• Allocation skews to retail at 75% with 24% for NIIs and 1% for QIBs, and the grey-market premium was reported nil, which is unofficial and speculative.
• BMW Ventures primarily distributes steel products in Bihar and reported FY25 revenue of ~Rs 2,062 crore, PAT of Rs 32.8 crore and an EBITDA margin of about 4.2%.
• Brokerage views are mixed, citing concentrated geography, modest margins and the thin institutional quota alongside the stated balance-sheet repair plan.