Bhavik Enterprises Limited
Fixed Price IPO · BSE
- Price band
- ₹140 - ₹140
- Lot size
- 1,000 shares
- Issue amount
- ₹77 cr
- Total subscription
- 1.04×
- Opens
- 25 Sept 2025
- Closes
- 30 Sept 2025
- Allotment
- 1 Oct 2025
- Listing
- 6 Oct 2025
Offer at a glance
Issue overview
- Issue size
- 55,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,40,000
- Fresh issue
- ₹63 cr
- Offer for sale
- ₹14 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,40,000
- Issue type
- Fixed Price IPO
- Shares before issue
- 1,58,58,009
- Shares after issue
- 2,03,58,009
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,000 | ₹2,80,000 |
| sHNI | 3 | 3,000 | ₹4,20,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 30 Sept 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 1,305 | 874 |
| HNIs (2-10L) | 870 | 146 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 36.54 | 24.47 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 3.58 | 4.98 | 9.81 |
| ROE | 5.97 | 8.93 | 20.3 |
| ROCE | 7.84 | 11.55 | 24.7 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 39.07 | 0 | 0 |
| POST IPO(PE) | 50.16 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Bhavik Enterprises Limited, incorporated in 2008, is engaged in the trading of polymers, primarily Polyethylene (PE) and Polypropylene (PP), which have extensive applications across industries such as packaging, infrastructure, and agriculture. The company operates on a stock-and-sale model that supports B2B polymer trading by importing, storing, and supplying raw materials to plastic product manufacturers in sectors including packaging, agriculture, housewares, piping, films, and containers. Its product portfolio includes various grades of polyethylene such as HDPE, LDPE, LLDPE, and MLLDPE, widely used in packaging applications, as well as polypropylene, a lightweight, durable, and chemical-resistant plastic with applications in packaging, textiles, and the automotive industry. As of December 31, 2024, the company employed 18 people.
Strengths
- Global Market Reach – Expanded presence from Western Europe to Asia with active operations in Poland, Sweden, Germany, and Mongolia.
- High Quality Standards – EU-based manufacturing facilities follow strict quality controls, ensuring reliability and international compliance.
- Culture of Innovation – Creative work environment with initiatives like the ‘inTegra House’ workshop and a 4+1 work week model that promotes skill growth and innovation.
Risk factors
- Supplier Reliance – Dependence on specific polymer suppliers; cost hikes, shortages, or quality issues may impact operations and financials.
- Distribution Agreement Risk – Termination, non-renewal, or unfavorable terms with Borouge Pte Ltd. could significantly affect business and growth.
- Regional Revenue Dependence – Heavy reliance on the western region of India and Daman & Silvassa makes revenue vulnerable to regional disruptions.
Promoters
Mr. Mukesh Natverlal Thakkar
Mr. Bhavik Mukesh Thakkar
Ms. Purnima Mukesh Thakkar
Registrar & documents
Lead manager
Smart Horizon Capital Advisors Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Office No. 1105, 11th Floor, DLH Park, S V Road, Goregaon West, Malad, Mumbai, Maharashtra, 400064
+91 9152815659
[email protected]Company website ↗Understanding BHAVIK IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.