IPO Details
RHP/DRHPIssue Date
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IPO Size
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Schedule of B. D. Industries (Pune) IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
About B.D. Industries (Pune) IPO
A 100% book-built issue, the IPO of B.D. Industries (Pune) Ltd consists only of a fresh issue of up to 42,00,000 equity shares. There’s no offer for sale in this IPO.
Objectives of B.D. Industries (Pune) IPO
- Repayment or pre-payment of borrowings of the company
- Funding working capital requirements of the company
- Investment in B.D. Industries (India) Limited, its material subsidiary
- General corporate purpose
B. D. Industries (Pune) IPO Valuation
B. D. Industries (Pune) Share Offer and Subscription Details
| Investor Category | Shares Offered |
|---|---|
QIBs | Not more than 50% of the net issue |
Non-institutional Bidders | Not less than 15% of the net issue |
Retail Individual Investors | Not less than 35% of the net issue |
Industry Outlook
The Indian plastic industry is one of the leading sectors in the country’s economy. The history of the plastic industry in India dates back to 1957 with the production of polystyrene. Since then, the industry has made substantial progress and has grown rapidly. The industry is present across the country and has more than 2,500 exporters. It employs more than 4 million people in the country and constitutes 30,000 processing units. Among these, 85-90% belong to small and medium enterprises.
The Government of India intends to take the plastic industry from a current level of ₹3 lakh crore (US$ 37.8 billion) of economic activity to ₹10 lakh crore (US$ 126 billion) in 4-5 years.
Company Information
B.D. Industries (Pune) Ltd is currently engaged in the business of manufacturing of plastic products for varied industries. With a commitment to innovation and quality, the company continues to deliver durable, high-performance solutions that meet the evolving needs of its customers across various sectors.
Strengths of B.D. Industries (Pune)
Quality Assurance
The company is committed towards the quality of its products. It believes that maintaining a high standard of quality for its products is critical to its brand and continued growth. It has been laying paramount importance towards quality improvisation of its products. It adheres to stringent quality parameters and has introduced a Quality Management System based on International Standard ISO 9001:2015.
The company boasts a highly skilled engineering team, collectively bringing years of experience in the industry. Additionally, its dedicated quality and design team, led by the company's promoter, drives innovation and continuous improvement.
Long Standing Relations
The company has successfully built and maintained strong relationships with its major customers, which has been instrumental in establishing a solid client base. These enduring relationships have not only fostered repeat business but has also helped it develop a long-term customer retention strategy. It views its existing client relationships as a key competitive advantage, enabling it to attract new clients and drive business growth.
Scalable Business Model
The company’s business model is order-driven and focuses on the optimal utilisation of its manufacturing, processing, and trading facilities. It emphasises maximising capacity utilisation, building strong partnerships with quality raw material suppliers, and achieving economies of scale. This approach has proven both successful and scalable over the past financial years, allowing it to expand in response to growing demand.
Risks of B.D. Industries (Pune) IPO
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Dependence on Few Customers: The company is significantly dependent on few customers for its revenue in a particular financial year. The loss of any one or more of such customers may have a material effect on its business operations and profitability.
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Foreign Exchange Risks: The company faces foreign exchange risks, primarily in its import and procurement operations that could adversely affect its results of operations.
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Dependence on Leased Property: The company’s manufacturing facilities and registered office are not owned by it and it has only leasehold rights. In the event it loses or is unable to renew such leasehold rights, its business, results of operations, financial condition and cash flows may be adversely affected.
B. D. Industries (Pune) IPO Financials
Peer Comparison
| Company | Revenue from Operations (in ₹crores) | EPS in ₹ | NAV ₹ per share | Return on Net Worth |
|---|---|---|---|---|
B. D . Industries (Pune) Ltd | 54.25 | 3.18 | 13537.45 | 23.49 |
Nilkamal Ltd | 3134.10 | 71.91 | 891.15 | 8.07 |
Time Technolplast Ltd | 2633.04 | 7.04 | 77.92 | 9.02 |
Supreme Industries Ltd | 10134.20 | 80 | 354.13 | 22.59 |
IPO Registrar and Book Running Lead Manager
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IPO Registrar: Cameo Corporate Services Ltd
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Book Running Lead Manager: Aryaman Financial Services Ltd
B. D. Industries Business Model
Engaged in the business of manufacturing plastic products for varied industries, B. D. Industries (Pune) Ltd’s key products include plastic fuel tanks for off-road vehicles, urea tanks, fenders, hydraulic tanks, air ducts, mudguards, and cabin roofs.
B. D. Industries Company Growth Trajectory
The company’s revenue from operations grew from ₹48.928 crores in FY 22 to ₹54.2502 crores in FY 24. Its PAT margin grew from 1.19% in FY 22 to 5.86% in FY 24, with EBITDA margin registering a growth from 4.63% in FY 22 to 10.67% in FY 24.
B. D. Industries Market Position
B. D. Industries (Pune) Ltd started its journey in 1984 with repairs and manufacturing of traction batteries. Then they started making plastic container boxes for the same traction batteries using roto-moulding technology.
Then around 1999, they started R&D on plastic fuel tanks and started supplies to Mahindra from the early 2000s. It purchased Toyo containers in Pune in 2006-2008 period. Currently, it has 3 well-established manufacturing plants setup at Pune, Madhya Pradesh and Punjab.
B. D. Industries (Pune) IPO Profit and Loss
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Total Income (in ₹ crores) | 55.33 | 55.09 | 49.62 |
Profit/(Loss) Before Tax (in ₹ crores) | 4.40 | 2.021 | 0.87 |
Profit/(Loss) After Tax (in ₹ crores) | 3.18 | 1.49 | 0.58 |
EPS in ₹ | 3.18 | 1.49 | 0.58 |
B. D. Industries (Pune) IPO Cash Flow Statement
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Profit/(Loss) Before Tax (in ₹ crores) | 4.40 | 2.02 | 0.87 |
Net Cash Flow from Operating Activities (in ₹ crores) | (1.34) | (0.66) | 1.25 |
Net Cash Flow from Investing Activities (in ₹ crores) | (1.00) | 0.21 | (2.31) |
Net Cash Flow from Financing Activities (in ₹ crores) | 2.01 | (1.14) | 0.92 |
Cash and Cash Equivalents at the End of the Year (in ₹ crores) | 0.94 | 1.27 | 2.87 |
How to Check Allotment Status of B. D. Industries (Pune) IPO?
Visit the Registrar’s Website: Visit the website of Cameo Corporate Services and click on any one of the links under IPO Status Links. Choose the Name of the Company from the dropdown. Enter your PAN number, Application number or DP Client ID. Enter Captcha and click on Submit to know the allotment status.
Check on the Bombay Stock Exchange Website: The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investor Services' tab. Under 'Investors Services', click on 'Status of Issue Application'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:
- Choose the Issue Type
- Select the Issue Name from dropdown
- Put in either your application number or PAN number
- Check the box ‘I’m not a robot’
- Click on ‘Search’ to know allotment status
How to Apply for B. D. Industries (Pune) IPO?
- Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for.
- Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds.
- Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
B. D. Industries (Pune) IPO FAQs
Where can I read more about B. D. Industries (Pune) business?
You can read more about B. D. Industries (Pune) and its IPO from the company’s red herring prospectus (RHP) here.
What is the B.D. Industries (Pune) IPO?
The IPO of B.D. Industries (Pune) Ltd comprises a fresh issue of up to 42,00,000 equity shares. It has no offer for sale.
When will the IPO of B.D. Industries (Pune) go live?
The exact dates of the IPO are yet to be announced.
Who is the Chairman and MD of B. D. Industries (Pune)?
Dalbirpal Saini is the chairman and MD of B.D. Industries (Pune) Ltd.
