BD Industries IPO Listing: Tepid GMP Suggests Flat Listing Ahead

BD Industries, a plastic products manufacturer, is listing its shares on the BSE SME platform after a moderate IPO subscription and flat grey market premium. The IPO was subscribed 1.81 times overall, with a 3.66 times subscription in the NII segment. Financially, the company has posted sharp improvements in profitability, with revenue growing 52% YoY to Rs 84.13 crore in FY25.

BD Industries, a prominent player in the plastic products manufacturing sector, is set to list its shares on the BSE SME platform. The IPO, which opened on July 30, 2025, and closed on August 1, 2025, received a moderate subscription of 1.81 times the issue size, with a notable 3.66 times subscription in the Non-Institutional Investor (NII) segment. The company's financial performance has shown significant improvements, with revenue growing 52% year-over-year (YoY) to Rs 84.13 crore in FY25.

The IPO allotment process has been completed, and investors can check their share allotment status online via the website of the issue’s registrar, Cameo Corporate Services Ltd. The allotted shares will be credited to successful applicants' demat accounts on August 5, 2025, while refunds will begin on the same day for those who did not receive any shares [3].

The grey market premium for BD Industries shares was flat, with the unlisted shares trading at Rs 108 per share, the same as the IPO price. The company's strong financial performance, coupled with a growing demand for plastic products, has attracted investors to the IPO. However, the flat grey market premium indicates a cautious approach from investors, possibly due to the moderate subscription rate [1].

BD Industries' IPO subscription data reveals a strong demand from Non-Institutional Investors (NIIs), with the NII segment subscribing 3.66 times the issue size. This indicates a significant interest from retail investors and high net worth individuals (HNIs) in the company's growth prospects. The retail category subscribed 1.32 times as of August 1, 2025 [1].

The company's financial performance has been impressive, with a sharp improvement in profitability. The revenue growth of 52% YoY to Rs 84.13 crore in FY25 demonstrates the company's ability to capitalize on market opportunities. The IPO proceeds will be utilized for investment in subsidiaries and general corporate purposes, further enhancing the company's growth potential [1].

In conclusion, BD Industries' IPO has received a moderate subscription, with a strong demand from the NII segment. The company's financial performance and growth prospects have attracted investors, despite a flat grey market premium. The successful listing on the BSE SME platform is expected to provide BD Industries with the necessary capital to drive further growth in the plastic products manufacturing sector.

References:
[1] https://www.chittorgarh.com/ipo_subscription/b-d-industries-ipo/2162
[2] https://www.business-standard.com/markets/news/sri-lotus-developers-ipo-fully-booked-on-day-1-qibs-lead-demand-gmp-29-125073000796_1.html
[3] https://www.livemint.com/market/ipo/bd-industries-ipo-allotment-today-heres-how-to-check-status-and-latest-gmp-11754288664003.html