Comparison between Bhavik Enterprises IPO and True Colors IPO.
Bhavik Enterprises IPO is a SME Bookbuilding IPO proposed to list at BSE SME while True Colors IPO is a SME Bookbuilding proposed to list at BSE SME.
| Bhavik Enterprises IPO | True Colors IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Smart Horizon Capital Advisors Pvt.Ltd. | GYR Capital Advisors Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Shreni Shares Ltd. | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Bhavik Enterprises IPO is up to ₹73.08 Cr whereas the issue size of the True Colors IPO is up to ₹121.54 Cr. The final issue price of Bhavik Enterprises IPO is ₹140.00 per share and of True Colors IPO is ₹191.00 per share.
| Bhavik Enterprises IPO | True Colors IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹181.00 per share | |
| Issue Price (Upper) | ₹191.00 per share | |
| Issue Price (Final) | ₹140.00 per share | ₹191.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | 600 shares |
| Fresh Issue Size | 42,20,000 shares | 53,63,600 shares |
| Fresh Issue Size (Amount) | up to ₹59.08 Cr | up to ₹102.44 Cr |
| OFS Issue Size | 10,00,000 shares | 10,00,000 shares |
| OFS Issue Size (Amount) | up to ₹14.00 Cr | up to ₹19.10 Cr |
| Issue Size Total | 52,20,000 shares | 63,63,600 shares |
| Issue Size Total (Amount) | up to ₹73.08 Cr | up to ₹121.54 Cr |
Bhavik Enterprises IPO opens on Sep 25, 2025, while True Colors IPO opens on Sep 23, 2025. The closing date of Bhavik Enterprises IPO and True Colors IPO is Sep 30, 2025, and Sep 25, 2025, respectively.
| Bhavik Enterprises IPO | True Colors IPO | |
|---|---|---|
| Anchor Bid Date | Sep 22, 2025 | |
| Issue Open | Sep 25, 2025 | Sep 23, 2025 |
| Issue Close | Sep 30, 2025 | Sep 25, 2025 |
| Basis Of Allotment (Tentative) | Oct 01, 2025 | Sep 26, 2025 |
| Initiation of Refunds (Tentative) | Oct 03, 2025 | Sep 29, 2025 |
| Credit of Share (Tentative) | Oct 03, 2025 | Sep 29, 2025 |
| Listing date (Tentative) | Oct 06, 2025 | Sep 30, 2025 |
| Anchor Lockin End date 1 | Oct 25, 2025 | |
| Anchor Lockin End date 2 | Dec 24, 2025 |
Bhavik Enterprises IPO P/E ratio is 39.07, as compared to True Colors IPO P/E ratio of 14.66.
| Bhavik Enterprises IPO | True Colors IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | 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.
| Company Financials (Restated)True Colors Ltd.'s revenue increased by 45% and profit after tax (PAT) rose by 199% between the financial year ending with March 31, 2025 and March 31, 2024.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 99.99 | 94.87 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 72.98 | 68.88 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 39.07 | 14.66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹285.01 Cr. | ₹470.90 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 5.97% | 70.49% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 7.84% | 35.94% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.86 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.58 | ₹13.03 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 5.80% | 44.53% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Bhavik Enterprises IPO Retail Individual Investors (RII) are offered 26,10,000 shares while in True Colors IPO retail investors are offered 26,10,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Bhavik Enterprises IPO and 12,70,800 shares in True Colors IPO.
| Bhavik Enterprises IPO | True Colors IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 19,05,600 shares |
| Market Maker Reservation | 2,80,000 shares | 3,36,000 shares |
| QIB | 0 shares | 12,70,800 shares |
| NII | 26,10,000 shares | 9,57,600 shares |
| RII | 26,10,000 shares | 22,29,600 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 52,20,000 shares | 63,63,600 shares |
Bhavik Enterprises IPO subscribed 1.07x in total, whereas True Colors IPO subscribed 45.46x.
| Bhavik Enterprises IPO | True Colors IPO | |
|---|---|---|
| QIB (times) | 43.41x | |
| NII (times) | 1.30x | 50.58x |
| Big NII (times) | 55.05x | |
| Small NII (times) | 41.65x | |
| RII (times) | 0.67x | 44.42x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.07x | 45.46x |
