Molded plastic products maker BD Industries (Pune) is set to open its initial public offering on July 30. This would be fourth SME IPO hitting Dalal Street next week after Repono, Umiya Mobile, and Kaytex Fabrics.
The book-built issue will close on August 1. The IPO share allotment will be finalised by August 4, and the trading in its equity shares will commence on the BSE SME effective August 6.
The price band for the offer has been fixed at Rs 102-108 per share.
Incorporated in 1984, BD Industries that makes plastic components for automotive and industrial applications plans to mobilise Rs 45.36 crore via public issue of 42 lakh shares at the upper price band.
With three manufacturing facilities, the company manufactures plastic fuel tanks for off-road vehicles, urea tanks, fenders, hydraulic tanks, air ducts, mudguards, and cabin roofs in the automotive segment, and also rotomolded plastic products for other industries including road & highway safety, material handling & storage, water management & disposal, marine, renewable energy, and healthcare.
The IPO funds will be utilised for repaying debt, working capital requirements, and general corporate purposes. Further, Rs 24.3 crore of the issue proceeds will also be invested in subsidiary BD Industries (India).
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BD Industries (Pune) that competes with listed peers like Nilkamal, and Time Technoplast has recorded profit at Rs 8.1 crore in the fiscal year ended March 2025, growing 156.2 percent compared to previous financial year. In the same period, revenue surged 51.8 percent to Rs 82.4 crore.
Aryaman Financial Services is acting as the merchant banker for the BD Industries (Pune) IPO.
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