The September IPO fever continues. Three brand new IPOs hit the markets today. The Rs 231.66 crore BMW Ventures issue is one of them. It opens on September 24, and bidding will close on September 26. The company, primarily into trading of steel products and their distribution, also deals in spare parts, tractor engines and PVC pipes.

Let’s now take a look at whether this issue is worth subscribing for –

BMW Ventures IPO: Issue details

The Rs 231.66 crore IPO price band has been set at Rs 94-99 per share. The BMW Ventures IPO has over 2 crore shares on offer. There is no offer-for-sale component in this open IPO . It is entirely a fresh issuance of shares.

BMW Ventures IPO: IPO lot size

The lot size of the BMW Ventures IPO has been fixed at 151. The retail investors who are inter

See Full Page