Bhadora Industries Limited IPO Review
Neutral97-97 · SME
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Analyst Verdict
Bhadora Industries Limited IPO
Neutral
IPO at a Glance
Price Band
97-97
Issue Size
55cr
Opens
2025-08-02
Closes
2025-08-04
Listing
2025-08-09
Category
SME
Key Strengths
✓In-house manufacturing and testing capabilities ensure quality control and cost efficiencies
✓Diverse product portfolio including LV, LT AB, LT XLPE, and LT PVC power cables
✓Established clientele and government approvals reflecting product reliability and regulatory compliance
✓Promoters’ extensive industry experience adds operational depth and leadership continuity
✓Established brand presence under ‘Vidhut Cables’ reinforces visibility in target markets
✓Strong revenue and profitability growth over recent fiscal years
Key Risks
⚠High client concentration, with top 10 customers contributing over 86% of FY25 revenue
⚠Significant reliance on EPC contractors exposes the business to segment-specific slowdowns
⚠Raw material price volatility, particularly in copper and aluminium, may affect margins
⚠Exposure to legal and tax proceedings, could affect the growth and financials if ruled unfavourably
⚠Competitive and rapidly evolving market combined with regulatory challenges
Frequently Asked Questions
Should I apply for Bhadora Industries Limited IPO?
Based on our analysis, our rating for Bhadora Industries Limited IPO is: Neutral. Review the full analysis including strengths, risks, and financials on CheckIPO before making a decision.
What are the key risks of Bhadora Industries Limited IPO?
High client concentration, with top 10 customers contributing over 86% of FY25 revenue Significant reliance on EPC contractors exposes the business to segment-specific slowdowns Raw material price volatility, particularly in copper and aluminium, may affect margins
What are the strengths of Bhadora Industries Limited IPO?
In-house manufacturing and testing capabilities ensure quality control and cost efficiencies Diverse product portfolio including LV, LT AB, LT XLPE, and LT PVC power cables Established clientele and government approvals reflecting product reliability and regulatory compliance
What is the price band of Bhadora Industries Limited IPO?
The price band for Bhadora Industries Limited IPO is 97-97. The IPO has closed.
Full Analysis Available
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