Comparison between Bhavik Enterprises IPO and Kiaasa Retail IPO.
Bhavik Enterprises IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Kiaasa Retail IPO is a SME Bookbuilding proposed to list at BSE SME.
| Bhavik Enterprises IPO | Kiaasa Retail 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. | Expert Global Consultants Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Purva Sharegistry (India) Pvt.Ltd. |
| Market Maker | Shreni Shares Ltd. | Prabhat Financial Services 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 Bhavik Enterprises IPO is up to ₹73.08 Cr whereas the issue size of the Kiaasa Retail IPO is up to ₹66.24 Cr. The final issue price of Bhavik Enterprises IPO is ₹140.00 per share and of Kiaasa Retail IPO is ₹127.00 per share.
| Bhavik Enterprises IPO | Kiaasa Retail IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹121.00 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 | 52,16,000 shares |
| Fresh Issue Size (Amount) | up to ₹59.08 Cr | up to ₹66.24 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 | 52,16,000 shares |
| Issue Size Total (Amount) | up to ₹73.08 Cr | up to ₹66.24 Cr |
Bhavik Enterprises IPO opens on Sep 25, 2025, while Kiaasa Retail IPO opens on Feb 23, 2026. The closing date of Bhavik Enterprises IPO and Kiaasa Retail IPO is Sep 30, 2025, and Feb 25, 2026, respectively.
| Bhavik Enterprises IPO | Kiaasa Retail IPO | |
|---|---|---|
| Anchor Bid Date | Feb 20, 2026 | |
| Issue Open | Sep 25, 2025 | Feb 23, 2026 |
| Issue Close | Sep 30, 2025 | Feb 25, 2026 |
| Basis Of Allotment (Tentative) | Oct 01, 2025 | Feb 26, 2026 |
| Initiation of Refunds (Tentative) | Oct 03, 2025 | Feb 27, 2026 |
| Credit of Share (Tentative) | Oct 03, 2025 | Feb 27, 2026 |
| Listing date (Tentative) | Oct 06, 2025 | Mar 02, 2026 |
| Anchor Lockin End date 1 | Mar 28, 2026 | |
| Anchor Lockin End date 2 | May 27, 2026 |
Bhavik Enterprises IPO P/E ratio is 39.07, as compared to Kiaasa Retail IPO P/E ratio of 19.31.
| Bhavik Enterprises IPO | Kiaasa Retail 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)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 99.99 | 71.84 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 72.98 | 50.22 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 39.07 | 19.31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹285.01 Cr. | ₹231.51 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 5.97% | 42.36% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 7.84% | 20.34% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.70 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.58 | ₹6.58 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 5.80% | 20.60% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Bhavik Enterprises IPO Retail Individual Investors (RII) are offered 26,10,000 shares while in Kiaasa Retail IPO retail investors are offered 26,10,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Bhavik Enterprises IPO and 52,000 shares in Kiaasa Retail IPO.
| Bhavik Enterprises IPO | Kiaasa Retail IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 0 shares |
| Market Maker Reservation | 2,80,000 shares | 2,75,000 shares |
| QIB | 0 shares | 52,000 shares |
| NII | 26,10,000 shares | 20,87,000 shares |
| RII | 26,10,000 shares | 30,76,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 52,20,000 shares | 52,15,000 shares |
Bhavik Enterprises IPO subscribed 1.07x in total, whereas Kiaasa Retail IPO subscribed 2.05x.
| Bhavik Enterprises IPO | Kiaasa Retail IPO | |
|---|---|---|
| QIB (times) | 14.98x | |
| NII (times) | 1.30x | 1.16x |
| Big NII (times) | 1.29x | |
| Small NII (times) | 0.90x | |
| RII (times) | 0.67x | 2.43x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.07x | 2.05x |
