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Bhavik Enterprise IPO
The Bhavik Enterprise IPO is a fixed-price issue of ₹77.00 crores. The issue is a combination of a fresh issue of 0.45 crore shares and an offer for sale of 0.10 crore shares. IPO bidding opened for subscriptions on Sep 25, 2025 and will close on Sep 30, 2025 and the lot size for an application is INR 1000. The IPO price is INR 140 per share and the minimum amount for investment by an individual investor is ₹280,000.00 (2,000 shares). IPO will list on BSE SME with a tentative listing date fixed as Oct 6, 2025.
Company Background
Bhavik Enterprise Ltd was incorporated in 2008 and became an Indian B2B polymer trading company located in Mumbai and Maharashtra. The company's registered office is in Malad, Mumbai and to support its operations, it maintains a network of warehouses and depots across several regions in India, including Maharashtra, Gujarat, Daman and Silvassa. The company deals in polypropylene & polyethylene grades and supplies to various small, medium and large customers for their end use. The major application use of raw plastic material includes pressure pipes, drip pipes, sprinkler pipes and much more.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Bhavik Enterprise IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Bhavik Enterprise IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 25, 2025 to September 30, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Final | ₹140 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 55,00,000 shares (aggregating up to ₹77.00 Cr) |
| Reserved for Market Maker | 2,80,000 shares (aggregating up to ₹3.92 Cr)Shreni Shares Ltd. |
| Fresh Issue (Ex Market Maker) | 42,20,000 shares (aggregating up to ₹59.08 Cr) |
| Offer for Sale | 10,00,000 shares of ₹10 (aggregating up to ₹14.00 Cr) |
| Net Offered to Public | 52,20,000 shares (aggregating up to ₹73.08 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,58,58,009 shares |
| Share Holding Post Issue | 2,03,58,009 shares |
Bhavik Enterprise IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Thu, Sep 25, 2025 |
| IPO Close Date | Tue, Sep 30, 2025 |
| Tentative Allotment | Wed, Oct 1, 2025 |
| Initiation of Refunds | Fri, Oct 3, 2025 |
| Credit of Shares to Demat | Fri, Oct 3, 2025 |
| Tentative Listing Date | Mon, Oct 6, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 30, 2025 |
Bhavik Enterprise IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,80,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,80,000 |
| HNI (Min) | 3 | 3,000 | ₹4,20,000 |
Bhavik Enterprise IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 99.99% |
| Promoter Holding Post Issue | 72.98% |
Competitive Strength:
- • Authorised distributions for major petrochemical companies for the ISC region since 2001.
- • Promoters with experience of over 40 years in the field of import and export and extensive experience in plastic trading, which helps in the deep knowledge for strategic decisions.
Bhavik Enterprise IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 173.22 | 531.46 | 5.68 | 98.02 | - | - | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 136.52 | 500.35 | 7.89 | 92.34 | - | - | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 157.46 | 491.09 | 15.56 | 84.44 | - | - | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 5.97% |
| ROCE | 7.84% |
| RoNW | 5.80% |
| PAT Margin | 1.08% |
| EBITDA Margin | 0.75% |
| Price to Book Value | 2.27 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.58 | 2.79 |
| P/E (x) | 39.07 | 50.16 |
Conclusion
The Bhavik Enterprises Ltd. IPO presents an opportunity to acquire a share of a well-established polymer trading company. The firm operates a proven B2B "Stock & Sale" model, leveraging over 40 years of industry experience from its founder. The IPO is strategically positioned for growth through planned market expansion and improved working capital, which aims to drive revenue growth and enhance its market position.
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