BMW Ventures IPO
BMW Ventures Limited (BMWVENTLTD) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 01 October 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -1.0% (likely range -3% to +4%), day's high +4.4%, chance of a gain 49%. Actual: -21.2% at the open, -21.2% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 2,34,000 | 7,24,045 | 3.09x | |
| NII (HNI) total | 56,16,000 | 1,70,18,455 | 3.03x | |
| Big NII (above ₹10 lakh) | 37,44,000 | 1,27,74,902 | 3.41x | |
| Small NII (₹2-10 lakh) | 18,72,000 | 42,43,553 | 2.27x | |
| Retail | 1,75,50,000 | 1,74,25,098 | 0.99x | |
| Total | 2,34,00,000 | 3,51,67,598 | 1.50x |
Bids on NSE and BSE together, as published by NSE, as of 26 Sep 2025, 07:00 PM. Shares offered exclude the anchor portion. 40% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to BMW Ventures's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Ganesh Consumer ProductsSep 2025 | 4.18x | 4.34x | 1.15x | 2.67x | ₹405 Cr | -8.1% | -4.1% |
| GTPL HathwayJun 2017 | 1.48x | 2.85x | 0.99x | 1.53x | ₹492 Cr | 0.0% | +2.9% |
| Keystone RealtorsNov 2022 | 3.84x | 3.03x | 0.53x | 2.01x | ₹668 Cr | +2.6% | +5.3% |
| Abans HoldingsDec 2022 | 4.10x | 1.48x | 0.40x | 1.10x | ₹397 Cr | +1.1% | +1.1% |
| S.P. ApparelsAug 2016 | 2.21x | 5.10x | 1.90x | 2.66x | ₹254 Cr | +2.6% | +7.7% |
| Ivalue InfosolutionsSep 2025 | 3.18x | 1.26x | 1.28x | 1.82x | ₹560 Cr | -4.7% | -0.2% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Sarthi Capital Advisors | 4 | +11.6% | 75% |
Offer documents (NSE)
Frequently asked
What is the BMW Ventures IPO price band and lot size? ₹94.0–99.0 per share, with a lot of 151 shares, so the smallest retail bid is ₹14,949.
How many times has it been subscribed? 1.50x overall: QIB 3.09x, NII 3.03x, retail 0.99x.
How did it list? It opened at ₹78.0, -21.2% against the issue price of ₹99.0, and closed its first day -25.1%.
