Comparison between Aritas Vinyl IPO and Bhavik Enterprises IPO.
Aritas Vinyl IPO is a SME Fixed Price IPO proposed to list at BSE SME while Bhavik Enterprises IPO is a SME Fixed Price proposed to list at BSE SME.
| Aritas Vinyl IPO | Bhavik Enterprises IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Interactive Financial Services Ltd. | Smart Horizon Capital Advisors Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | Shreni Shares Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Aritas Vinyl IPO is up to ₹35.63 Cr whereas the issue size of the Bhavik Enterprises IPO is up to ₹73.08 Cr. The final issue price of Aritas Vinyl IPO is ₹47.00 per share and of Bhavik Enterprises IPO is ₹140.00 per share.
| Aritas Vinyl IPO | Bhavik Enterprises IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹40.00 per share | |
| Issue Price (Upper) | ₹47.00 per share | |
| Issue Price (Final) | ₹47.00 per share | ₹140.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 3000 shares | 1000 shares |
| Fresh Issue Size | 65,96,600 shares | 42,20,000 shares |
| Fresh Issue Size (Amount) | up to ₹31.00 Cr | up to ₹59.08 Cr |
| OFS Issue Size | 9,84,400 shares | 10,00,000 shares |
| OFS Issue Size (Amount) | up to ₹4.63 Cr | up to ₹14.00 Cr |
| Issue Size Total | 75,81,000 shares | 52,20,000 shares |
| Issue Size Total (Amount) | up to ₹35.63 Cr | up to ₹73.08 Cr |
Aritas Vinyl IPO opens on Jan 16, 2026, while Bhavik Enterprises IPO opens on Sep 25, 2025. The closing date of Aritas Vinyl IPO and Bhavik Enterprises IPO is Jan 20, 2026, and Sep 30, 2025, respectively.
| Aritas Vinyl IPO | Bhavik Enterprises IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Jan 16, 2026 | Sep 25, 2025 |
| Issue Close | Jan 20, 2026 | Sep 30, 2025 |
| Basis Of Allotment (Tentative) | Jan 21, 2026 | Oct 01, 2025 |
| Initiation of Refunds (Tentative) | Jan 22, 2026 | Oct 03, 2025 |
| Credit of Share (Tentative) | Jan 22, 2026 | Oct 03, 2025 |
| Listing date (Tentative) | Jan 23, 2026 | Oct 06, 2025 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Aritas Vinyl IPO P/E ratio is 14.43, as compared to Bhavik Enterprises IPO P/E ratio of 39.07.
| Aritas Vinyl IPO | Bhavik Enterprises IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)Bhavik Enterprises Ltd.'s revenue increased by 6% and profit after tax (PAT) dropped by 28% between the financial year ending with March 31, 2025 and March 31, 2024.
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 47.22 | 99.99 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 27.99 | 72.98 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 14.43 | 39.07 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹92.54 Cr. | ₹285.01 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 31.23% | 5.97% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 21.99% | 7.84% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.80 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.26 | ₹3.58 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 20.36% | 5.80% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Aritas Vinyl IPO Retail Individual Investors (RII) are offered 45,12,000 shares while in Bhavik Enterprises IPO retail investors are offered 45,12,000 shares. Qualified Institutional Buyers (QIB) are offered 78,000 shares in Aritas Vinyl IPO and 0 shares in Bhavik Enterprises IPO.
| Aritas Vinyl IPO | Bhavik Enterprises IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 0 shares |
| Market Maker Reservation | 4,02,000 shares | 2,80,000 shares |
| QIB | 78,000 shares | 0 shares |
| NII | 29,91,000 shares | 26,10,000 shares |
| RII | 45,12,000 shares | 26,10,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 75,81,000 shares | 52,20,000 shares |
Aritas Vinyl IPO subscribed 2.21x in total, whereas Bhavik Enterprises IPO subscribed 1.07x.
| Aritas Vinyl IPO | Bhavik Enterprises IPO | |
|---|---|---|
| QIB (times) | 1.00x | |
| NII (times) | 1.24x | 1.30x |
| Big NII (times) | 1.28x | |
| Small NII (times) | 1.15x | |
| RII (times) | 2.88x | 0.67x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 2.21x | 1.07x |
