Comparison between Bhavik Enterprises IPO and Justo Realfintech IPO.
Bhavik Enterprises IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Justo Realfintech IPO is a SME Bookbuilding proposed to list at BSE SME.
| Bhavik Enterprises IPO | Justo Realfintech 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. | Vivro Financial Services Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Purva Sharegistry (India) Pvt.Ltd. |
| Market Maker | Shreni Shares Ltd. | Rikhav Securities 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 Justo Realfintech IPO is up to ₹59.82 Cr. The final issue price of Bhavik Enterprises IPO is ₹140.00 per share and of Justo Realfintech IPO is ₹127.00 per share.
| Bhavik Enterprises IPO | Justo Realfintech IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹120.00 per share | |
| Issue Price (Upper) | ₹127.00 per share | |
| Issue Price (Final) | ₹140.00 per share | ₹127.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | 1000 shares |
| Fresh Issue Size | 42,20,000 shares | 47,10,000 shares |
| Fresh Issue Size (Amount) | up to ₹59.08 Cr | up to ₹59.82 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 | 47,10,000 shares |
| Issue Size Total (Amount) | up to ₹73.08 Cr | up to ₹59.82 Cr |
Bhavik Enterprises IPO opens on Sep 25, 2025, while Justo Realfintech IPO opens on Sep 24, 2025. The closing date of Bhavik Enterprises IPO and Justo Realfintech IPO is Sep 30, 2025, and Sep 26, 2025, respectively.
| Bhavik Enterprises IPO | Justo Realfintech IPO | |
|---|---|---|
| Anchor Bid Date | Sep 23, 2025 | |
| Issue Open | Sep 25, 2025 | Sep 24, 2025 |
| Issue Close | Sep 30, 2025 | Sep 26, 2025 |
| Basis Of Allotment (Tentative) | Oct 01, 2025 | Sep 29, 2025 |
| Initiation of Refunds (Tentative) | Oct 03, 2025 | Sep 30, 2025 |
| Credit of Share (Tentative) | Oct 03, 2025 | Sep 30, 2025 |
| Listing date (Tentative) | Oct 06, 2025 | Oct 01, 2025 |
| Anchor Lockin End date 1 | Oct 28, 2025 | |
| Anchor Lockin End date 2 | Dec 27, 2025 |
Bhavik Enterprises IPO P/E ratio is 39.07, as compared to Justo Realfintech IPO P/E ratio of 11.55.
| Bhavik Enterprises IPO | Justo Realfintech 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 Consolidated)Justo Realfintech Ltd.'s revenue increased by 37% and profit after tax (PAT) rose by 127% between the financial year ending with March 31, 2025 and March 31, 2024.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 99.99 | 51.87 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 72.98 | 38.18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 39.07 | 11.55 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹285.01 Cr. | ₹238.74 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 5.97% | 38.84% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 7.84% | 44.18% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.32 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.58 | ₹10.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 5.80% | 38.84% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Bhavik Enterprises IPO Retail Individual Investors (RII) are offered 26,10,000 shares while in Justo Realfintech IPO retail investors are offered 26,10,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Bhavik Enterprises IPO and 9,42,000 shares in Justo Realfintech IPO.
| Bhavik Enterprises IPO | Justo Realfintech IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 14,10,000 shares |
| Market Maker Reservation | 2,80,000 shares | 2,51,000 shares |
| QIB | 0 shares | 9,42,000 shares |
| NII | 26,10,000 shares | 7,08,000 shares |
| RII | 26,10,000 shares | 16,50,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 52,20,000 shares | 47,10,000 shares |
Bhavik Enterprises IPO subscribed 1.07x in total, whereas Justo Realfintech IPO subscribed 4.57x.
| Bhavik Enterprises IPO | Justo Realfintech IPO | |
|---|---|---|
| QIB (times) | 7.21x | |
| NII (times) | 1.30x | 6.81x |
| Big NII (times) | 8.54x | |
| Small NII (times) | 3.38x | |
| RII (times) | 0.67x | 2.10x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.07x | 4.57x |
