Fixed Price IPO | ₹77 Cr | Listed at BSE SME | Thu, Sep 25, 2025 - Tue, Sep 30, 2025
Bhavik Enterprises IPO is a fixed price issue of ₹77.00 crores. The issue is a combination of fresh issue of 0.45 crore shares aggregating to ₹63.00 crores and offer for sale of 0.10 crore shares aggregating to ₹14.00 crores.
Bhavik Enterprises IPO bidding started from Sep 25, 2025 and ended on Sep 30, 2025. The allotment for Bhavik Enterprises IPO was finalized on Oct 1, 2025. The shares got listed on BSE SME on Oct 6, 2025.
Bhavik Enterprises IPO price is ₹140 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹2,80,000 (2,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,000 shares), amounting to ₹4,20,000.
Smart Horizon Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Shreni Shares Ltd..
Refer to Bhavik Enterprises IPO DRHP for detailed Information.
IPO Open
Thu, Sep 25, 2025
IPO Close
Tue, Sep 30, 2025
Issue Price
₹140 per share
Market Cap (Pre-IPO)
₹285.01 Cr
| IPO Date | 25 to 30 Sep, 2025 |
| Listed on | Mon, Oct 6, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹140 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 55,00,000 shares (agg. up to ₹77 Cr) |
| Reserved for Market Maker | 2,80,000 shares Shreni Shares Ltd. (agg. up to ₹4 Cr) |
| Fresh Issue (Ex Market Maker) | 42,20,000 shares (agg. up to ₹59 Cr) |
| Offer for Sale | 10,00,000 shares of ₹10 (agg. up to ₹14 Cr) |
| Net Offered to Public | 52,20,000 shares (agg. up to ₹73 Cr) |
| Share Holding Pre Issue | 1,58,58,009 shares |
| Share Holding Post Issue | 2,03,58,009 shares |
| BSE Script Code | 544551 |
| ISIN | INE18PB01017 |
Bhavik Enterprises IPO comprises a total issue size of 55,00,000 shares. The net offer to the public is 52,20,000 shares, after excluding 2,80,000 shares allotted on a firm basis. Of the Net offer 26,10,000 (50.00%) allocated to NII 26,10,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 26,10,000 | 50.00% | 47.45% |
| Retail Shares Offered | 26,10,000 | 50.00% | 47.45% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,80,000 | 5.09% | |
| Total Shares Offered | 55,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,80,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,80,000 |
| HNI (Min) | 3 | 3,000 | ₹4,20,000 |
Incorporated in 2008, Bhavik Enterprises Limited is engaged in trading of polymers primarily in Polyethylene (PE) and Polypropylene (PP) which has a wider usage and application in various industries such as packaging, infrastructure, agriculture and many more.
The stock-and-sale model supports B2B polymer trading, importing and storing materials for sale to plastic product manufacturers across sectors like packaging, agriculture, housewares, piping, films, and containers.
Product Portfolio:
Competitive Strengths:
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.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 173.22 | 136.52 | 157.46 |
| Total Income | 531.46 | 500.35 | 491.09 |
| Profit After Tax | 5.68 | 7.89 | 15.56 |
| EBITDA | 3.94 | 4.83 | 17.46 |
| NET Worth | 98.02 | 92.34 | 84.44 |
| Reserves and Surplus | 82.16 | 87.05 | 79.16 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Working Capital Requirements of the Company | 47.50 |
| 2 | General corporate purposes | 7.10 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 5.97% |
| ROCE | 7.84% |
| RoNW | 5.80% |
| PAT Margin | 1.08% |
| EBITDA Margin | 0.75% |
| Price to Book Value | 2.27 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.58 | 2.79 |
| P/E (x) | 39.07 | 50.16 |
| Promoter Holding | 99.99% | 72.98% |
| Market Cap | ₹285.01 Cr. |
The Bhavik Enterprises IPO is subscribed 1.07 times on September 30, 2025 5:04:36 PM (Day 4). The public issue subscribed 0.67 times in the individual investors category, [.] times in the QIB category, and 1.30 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| NII* | 1.30 | 26,10,000 | 33,91,000 | 0 |
| Individual Investor | 0.67 | 26,10,000 | 17,48,000 | 0 |
| Total | 1.07 | 52,20,000 | 55,61,000 | 1,043 |
Total Applications: 1,043
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager fees including underwriting commission | 9.74 |
| 2 | Brokerage, selling, commission and upload fees | 0.01 |
| 3 | Registrar to the Offer | 0.02 |
| 4 | Legal Advisors | 0.02 |
| 5 | Advertising and Marketing expenses | 0.03 |
| 6 | Regulators including stock exchanges | 0.10 |
| 7 | Printing and distribution of offer stationery | 0.01 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review etc.) | 0.34 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹140.00 |
| Open | ₹143.00 |
| Low | ₹143.00 |
| High | ₹150.15 |
| Last Trade | ₹145.30 |
Lead Manager Reports
Bhavik Enterprises IPO is a SME IPO of 55,00,000 equity shares of the face value of ₹10 aggregating up to ₹77 Crores. The issue is priced at ₹140 per share. The minimum order quantity is 1000.
The IPO opens on Thu, Sep 25, 2025, and closes on Tue, Sep 30, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Bhavik Enterprises IPO using UPI as a payment gateway. Zerodha customers can apply in Bhavik Enterprises IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bhavik Enterprises IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bhavik Enterprises IPO opens on Thu, Sep 25, 2025 and closes on Tue, Sep 30, 2025.
Bhavik Enterprises IPO lot size is 1000, and the minimum amount required for application is ₹2,80,000, with 2 lots being the minimum application size.
You can apply in Bhavik Enterprises IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Bhavik Enterprises IPO will be done on Wednesday, October 1, 2025, and the allotted shares will be credited to your demat account by Fri, Oct 3, 2025. Check the Bhavik Enterprises IPO allotment status.
The Bhavik Enterprises IPO listing date is on Mon, Oct 6, 2025.
