Bhavik Enterprises was incorporated on September 15, 2008. The company manufactures and distributes Polyethylene (PE), Polypropylene (PP), and related compounds. It also imports “LyondellBasell” products from Basell International Trading FZE, Dubai, including polypropylene, polypropylene compounds, and polyethylene, and sells them in the Indian market at prevailing prices
| Bidding Dates |
|---|
| 25 Sep 2025 - 30 Sep 2025 |
| Subscription |
|---|
| 1.06x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,80,000 | 2 | 2 | 1000 | 5.5 M | ₹140 | 72.98 % | ₹770.0 M | RHP DOC |
Bhavik Enterprises IPO SUBSCRIPTION STATUS
30 Sep '25Bhavik Enterprises IPO overall subscription rate was 1.06 times the total available shares
Bhavik Enterprises IPO retail subscription rate was 0.64 times in the retail segment
Bhavik Enterprises IPO non-institutional investor subscription rate was 1.33 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
30 Sep 2025 (Day 4) | 0.64x | 1.33x | - |
29 Sep 2025 (Day 3) | 0.31x | 0.92x | - |
26 Sep 2025 (Day 2) | 0.21x | 0.69x | - |
25 Sep 2025 (Day 1) | 0.06x | 0.54x | - |
Bhavik Enterprises FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 522.8 | 5.7 | -33.0 | -33.0 | 0.8% |
| FY24 | 494.1 | 7.9 | -2.8 | -2.8 | 1.0% |
| FY23 | 487.3 | 15.6 | 14.4 | 14.0 | 3.6% |
Bhavik Enterprises IPO SUBSCRIPTION STATUS DETAILS
Bhavik Enterprises had 5.5 M shares on offer
Bhavik Enterprises IPO offer price was ₹140
Bhavik Enterprises IPO minimum Investment was ₹280000
Bhavik Enterprises IPO issue size was ₹ 770.0 M
Bhavik Enterprises had a minimum lot size of 1000 Shares per application
Bhavik Enterprises NUMBER OF SHARES ON OFFER
Bhavik Enterprises IPO IMPORTANT DATES
| Issue Open Date | 25 Sep 2025 |
| Issue close Date | 30 Sep 2025 |
| Allotment Date | 01 Oct 2025 |
| Refund Date | 03 Oct 2025 |
| Demat Account Credit Date | 03 Oct 2025 |
| Listing Date | 06 Oct 2025 |
| Listing on Exchange(s) | BSE |
| Bhavik Enterprises Allotment Status | Exchange/ Registrar |
Bhavik Enterprises IPO subscription opened on 25 Sep 2025, and closed on 30 Sep 2025
IPO allotment for Bhavik Enterprises was finalized on Wednesday, 01 Oct 2025
IPO listing for Bhavik Enterprises was on BSE on Monday, 06 Oct 2025
Bhavik Enterprises IPO LISTING GAINS
| Issue Price (adjusted) | 140.0 |
| Listing Open Price | 143.0 |
| Listing Close Price | 145.3 |
| Listing Gain% | 2.1% |
| Current Gain% | 2.1% |
Bhavik Enterprises Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bhavik Enterprises Ltd. | 143 | 291.1 | 21.5 | 0.2 | 0.5 | 8.2 | 5.8 | 630.4 | 18.6 | 13.6 | 138.7 | 6.7 | 138.7 |
| Adani Enterprises Ltd. | 3010 | 407376.8 | 54.7 | 3.3 | 3.7 | 11.5 | 3.6 | 102943.2 | 2.6 | 9339.5 | 31.6 | 55 | 16.7 |
| Redington Ltd. | 353.2 | 27612.3 | 16.2 | 4 | 0.2 | 14.7 | 4.4 | 119347.4 | 19.9 | 1490.2 | -7.1 | 21.8 | 4.1 |
| Lloyds Enterprises Ltd. | 82.6 | 12468.2 | 44 | 0.1 | 7.1 | 6.8 | 3.9 | 2183.7 | 39 | 283.4 | 396.5 | 1.9 | 396.5 |
| Swan Corp Ltd. | 307.5 | 9638.8 | 35.2 | -0.6 | 2.2 | 3.6 | 2 | 5143.5 | -25.3 | 274.1 | -63.7 | 8.7 | -63.7 |
| MMTC Ltd. | 64 | 9592.5 | 24.8 | 0.1 | 2813 | 18.3 | 13.8 | 180.6 | -31.3 | 387.4 | 347.2 | 2.6 | 347.2 |
Bhavik Enterprises INFORMATION ON IPO ISSUE
About Bhavik Enterprises
Bhavik Enterprises was incorporated on September 15, 2008. The company manufactures and distributes Polyethylene (PE), Polypropylene (PP), and related compounds. It also imports “LyondellBasell” products from Basell International Trading FZE, Dubai, including polypropylene, polypropylene compounds, and polyethylene, and sells them in the Indian market at prevailing prices
Object of the Issue
- Funding working capital rof the company
- General corporate purposes
Bhavik Enterprises - PROMOTERS
| Name |
|---|
| Mukesh Natverlal Thakkar |
| Bhavik Mukesh Thakkar |
| Purnima Mukesh Thakkar |
Bhavik Enterprises - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Mukesh Natverlal Thakkar | Chairman & Whole-time Director |
| Bhavik Mukesh Thakkar | Managing Director |
| Purnima Mukesh Thakkar | Executive Director |
| Jeny Vinod Kumar Gowadia | Non-Executive Independent Director |
| Manishkumar Anjanikumar Dhanuka | Non-Executive Independent Director |
| Jayesh Jaysinh Kapadia | Non-Executive Independent Director |
Bhavik Enterprises Book Running Lead Manager
Smart Horizon Capital Advisors Private Limited
director@shcapl.com
Bhavik Enterprises Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Bhavik Enterprises Strengths
Diverse product portfolio
The company is primarily engaged in trading Polyethylene (PE) and Polypropylene (PP), which have wide applications across industries such as packaging, agriculture, houseware, and industrial products. By offering a comprehensive range of grades and price options, the company caters to a diverse customer base and is well-positioned to capitalize on industry growth opportunities
Debt-free structure
The company operates debt-free, providing financial flexibility to reinvest earnings, expand offerings, and drive growth without the burden of debt repayments or interest costs. Its strong balance sheet and high equity-to-debt ratio enhance creditworthiness and reputation, enabling easier investment in future opportunities
Client relationship
The company has built long-term relationships with key suppliers like Borouge Pte and Basell International Trading FZE, enabling consistent procurement and reliable inventory management. With warehouses, depots, and strong logistics partnerships, it ensures timely delivery, quality supply, and repeat business from customers
Bhavik Enterprises Risks
Regulatory risk – plastic pollution
Growing global and domestic regulations on reducing plastic pollution, especially bans on single-use plastics, pose a risk to the company’s business. If key plastic materials traded by the company or products packaged using its suppliers’ raw materials are restricted, it could materially impact its operations, financial condition, and growth prospects
Price fluctuation risks
The company’s financial performance is highly sensitive to fluctuations in polymer prices. During sharp price increases, delays in passing on costs to customers may compress profit margins and adversely impact short-term results. Sustained volatility in raw material prices further magnifies this risk, potentially leading to a material reduction in operating margins
Working capital intensive
The company’s business is working capital intensive, with inventories and trade receivables forming a major part of current assets. Ineffective management of these could adversely impact sales, profitability, cash flow, and liquidity
IPO FAQs
This IPO consists of an offer for sale of up to Rs 14.0 crore, of 1,000,000 shares. It also consists of a fresh issue of Rs 63.0 crore.
The promoters of the company are Mukesh Natverlal Thakkar, Bhavik Mukesh Thakkar and Purnima Mukesh Thakkar.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 140.0 - 140.0.
The IPO application opens on Sep 25, 2025 and closes on Sep 30, 2025.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 280,000.0, the maximum value for this IPO is Rs 280,000.0.
This IPO will be allotted on Oct 01, 2025.
The refund will be credited to your account on Oct 03, 2025.
The allotted shares will be credited to your demat on Oct 03, 2025.
Bhavik Enterprises Ltd.’s shares listed on the stock exchanges on Oct 06, 2025.