Comparison between Bhavik Enterprises IPO and Flysbs Aviation IPO.
Bhavik Enterprises IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Flysbs Aviation IPO is a SME Bookbuilding proposed to list at NSE SME.
| Bhavik Enterprises IPO | Flysbs Aviation IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Smart Horizon Capital Advisors Pvt.Ltd. | Vivro Financial Services Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | MUFG Intime India 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 Flysbs Aviation IPO is up to ₹97.36 Cr. The final issue price of Bhavik Enterprises IPO is ₹140.00 per share and of Flysbs Aviation IPO is ₹225.00 per share.
| Bhavik Enterprises IPO | Flysbs Aviation IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹210.00 per share | |
| Issue Price (Upper) | ₹225.00 per share | |
| Issue Price (Final) | ₹140.00 per share | ₹225.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | 600 shares |
| Fresh Issue Size | 42,20,000 shares | 43,27,200 shares |
| Fresh Issue Size (Amount) | up to ₹59.08 Cr | up to ₹97.36 Cr |
| OFS Issue Size | 10,00,000 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹14.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 52,20,000 shares | 43,27,200 shares |
| Issue Size Total (Amount) | up to ₹73.08 Cr | up to ₹97.36 Cr |
Bhavik Enterprises IPO opens on Sep 25, 2025, while Flysbs Aviation IPO opens on Aug 01, 2025. The closing date of Bhavik Enterprises IPO and Flysbs Aviation IPO is Sep 30, 2025, and Aug 05, 2025, respectively.
| Bhavik Enterprises IPO | Flysbs Aviation IPO | |
|---|---|---|
| Anchor Bid Date | Jul 31, 2025 | |
| Issue Open | Sep 25, 2025 | Aug 01, 2025 |
| Issue Close | Sep 30, 2025 | Aug 05, 2025 |
| Basis Of Allotment (Tentative) | Oct 01, 2025 | Aug 06, 2025 |
| Initiation of Refunds (Tentative) | Oct 03, 2025 | Aug 07, 2025 |
| Credit of Share (Tentative) | Oct 03, 2025 | Aug 07, 2025 |
| Listing date (Tentative) | Oct 06, 2025 | Aug 08, 2025 |
| Anchor Lockin End date 1 | Sep 04, 2025 | |
| Anchor Lockin End date 2 | Nov 03, 2025 |
Bhavik Enterprises IPO P/E ratio is 39.07, as compared to Flysbs Aviation IPO P/E ratio of 10.1.
| Bhavik Enterprises IPO | Flysbs Aviation 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)Flysbs Aviation Ltd.'s revenue increased by 83% and profit after tax (PAT) rose by 153% between the financial year ending with March 31, 2025 and March 31, 2024.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 99.99 | 44.08 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 72.98 | 32.47 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 39.07 | 10.1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹285.01 Cr. | ₹389.33 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 5.97% | 32.25% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 7.84% | 41.80% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.14 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.58 | ₹22.28 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 5.80% | 32.25% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Bhavik Enterprises IPO Retail Individual Investors (RII) are offered 26,10,000 shares while in Flysbs Aviation IPO retail investors are offered 26,10,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Bhavik Enterprises IPO and 8,65,800 shares in Flysbs Aviation IPO.
| Bhavik Enterprises IPO | Flysbs Aviation IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 12,96,000 shares |
| Market Maker Reservation | 2,80,000 shares | 2,29,800 shares |
| QIB | 0 shares | 8,65,800 shares |
| NII | 26,10,000 shares | 6,49,800 shares |
| RII | 26,10,000 shares | 15,15,600 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 52,20,000 shares | 43,27,200 shares |
Bhavik Enterprises IPO subscribed 1.07x in total, whereas Flysbs Aviation IPO subscribed 318.68x.
| Bhavik Enterprises IPO | Flysbs Aviation IPO | |
|---|---|---|
| QIB (times) | 191.93x | |
| NII (times) | 1.30x | 563.64x |
| Big NII (times) | 683.93x | |
| Small NII (times) | 323.07x | |
| RII (times) | 0.67x | 286.06x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.07x | 318.68x |
