IPO Details
Bidding Dates
25 Sep '25 - 30 Sep '25
Minimum Investment
₹2,80,000 / 2 Lots (2000 Shares)
Price Range
₹140
Maximum Investment
₹2,80,000 / 2 Lots (2000 Shares)
Retail Discount
To be announced
Issue Size
₹77 Cr
Investor category and sub category
Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) |Bhavik Enterprises IPO Important Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Sep 25, 25
IPO Closing Date
Sep 30, 25
Basis of Allotment
Oct 01, 25
Initiation of Refunds
Oct 03, 25
IPO Listing Date
Oct 06, 25
IPO Subscription Details
| Date | NII | Retail | Total |
|---|---|---|---|
|
Day 1Sep 24, 2025 |
0.57 | 0.06 | 0.31 |
About Bhavik Enterprises
Bhavik Enterprises IPO is a fixed price issue of ₹77.00 crore. The issue is a combination of fresh issue of 0.45 crore shares aggregating to ₹63.00 crore and offer for sale of 0.10 crore shares aggregating to ₹14.00 crore.
The IPO opens for subscription on September 25, 2025, to September 30, 2025.
The basis of allotment is expected to be finalised on October 1, 2025. The shares are proposed to be listed on the BSE SME, with a tentative listing date of October 5, 2025. The issue price for Bhavik Enterprises IPO has been fixed at ₹140 per share.
The lot size is set at 1000 shares. A retail investor is required to make a minimum investment of ₹2,80,000 for 2000 shares. For High Net-worth Individuals (HNIs), the minimum application is for 3 lots or 3,000 shares, amounting to ₹4,20,000.
Smart Horizon Capital Advisors Pvt. Ltd serves as the book running lead manager, while Bigshare Services Pvt. Ltd is the registrar for the issue. Shreni Shares Ltd has been appointed as the market maker for the company. Refer to Bhavik Enterprises IPO RHP for complete details.
Bhavik Enterprises IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Upto ₹4,750 lakh will be allocated for funding the working capital requirements of the company.
- The balance amount will be used for general corporate purposes.
About Bhavik Enterprises Limited
Bhavik Enterprises Limited, incorporated on September 15, 2008, is engaged in the trading of polymers, primarily Polyethylene (PE) and Polypropylene (PP), which have wide applications across industries such as packaging, infrastructure, agriculture, and more. The company offers a broad range of products, enabling it to serve a diversified clientele.
Under Polyethylene (PE), Bhavik Enterprises’ portfolio includes LLDPE, LDPE, HDPE, and MLLDPE, while its Polypropylene (PP) offerings comprise Homo Polymer, Impact Co-polymer, and Random Co-polymer. The company follows a "Stock & Sale" business model, catering to small, medium, and large customers based on their requirements.
Bhavik Enterprises operates primarily in domestic B2B polymer trading. It imports materials, stores them in warehouses and depots, and sells them to manufacturers of plastic products. Its end-use customers include producers of pressure and non-pressure pipes, drip pipes, shrink and lamination films, mulch and greenhouse films, CPP films, liners, EPE foam, woven sack bags, spun bond nonwoven fabric, paint pails, crates, houseware products, suitcases, and thin-wall containers.
Polyethylene (PE) and Polypropylene (PP) are among the most widely consumed thermoplastics globally. PE finds applications in products such as PET bottles, food containers, pipes and fittings, flexible packaging films, and even medical implants.
Bhavik Enterprises is an authorised distributor of Borouge Pte Ltd, a Singapore-based multinational company engaged in the manufacturing and distribution of Polyethylene (PE), Polypropylene (PP), and related compounds, for marketing and selling "Borouge" products in India.
The company also maintains a business relationship with Basell International Trading FZE, a Dubai-based multinational, regularly importing "LyondellBasell" products, including versatile plastic resins such as polypropylene, polypropylene compounds, and polyethylene, for sale in the domestic market at prevailing prices.
Industry Outlook
- Steady growth in domestic chemical consumption, coupled with India expected to account for over 20% of incremental global chemical consumption, positions the country for strong future growth.
- India is emerging as a key global chemical manufacturing hub, benefiting from geopolitical shifts and supply chain diversification away from China, leveraging its robust manufacturing infrastructure.
- To meet anticipated demand, India’s petrochemical production capacity will need to increase from the current 51 million tons per annum to 80 million tons per annum by FY2030, supporting long-term industry growth.
How To Apply for the Bhavik Enterprises IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Bhavik Enterprises IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of Bhavik Enterprises IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Bhavik Enterprises Limited
Registered office: Office No. 1105, 11th Floor, DLH Park, S V Road, Goregaon West, Malad, Mumbai- 400064, Maharashtra, India.
Phone: +91 9152815659
E-mail: investors@bhavikenterprises.com
Bhavik Enterprises IPO Reservation
|
Investor Category |
Shares Offered |
|
Market Maker Shares Offered |
2,80,000 (5.09%) |
|
NII (HNI) Shares Offered |
26,10,000 (47.45%) |
|
Retail Shares Offered |
26,10,000 (47.45%) |
|
Total Shares Offered |
55,00,000 (100.00%) |
Bhavik Enterprises IPO Lot Size Details
|
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 |
Bhavik Enterprises IPO Promoter Holding
Mr. Mukesh Natverlal Thakkar, Mr. Bhavik Mukesh Thakkar and Ms. Purnima Mukesh Thakkar are the promoters of the company
|
Share Holding Pre-Issue |
99.99% |
|
Share Holding Post Issue  |
72.98% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Bhavik Enterprises IPO
|
KPI |
Value |
|
RoCE (%) |
5.72 |
|
RoE (%) |
4.33 |
|
PAT Margin (%) |
1.06 |
|
EBITDA Margin (%) |
0.40 |
Bhavik Enterprises IPO Prospectus
Bhavik Enterprises IPO Registrar and Lead Managers
Bhavik Enterprises IPO Lead Managers
- Smart Horizon Capital Advisors Pvt Ltd
Registrar for Bhavik Enterprises IPO
Bigshare Services Pvt Ltd
- Phone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: https://ipo.bigshareonline.com/IPO_Status.html
Financial Performance of Bhavik Enterprises Limited
| Particulars | Year ending on December 31, 2024 | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
|---|---|---|---|
| Revenue from Operations (₹ lakh) | 38,629.90 | 49,412.37 | 48,726.56 |
| EBITDA (₹ lakh) | 153.28 | 482.72 | 1,746.64 |
| Net Profit / Loss After Tax (₹ lakh) | 408.39 | 789.12 | 1,555.97 |
| Current Ratio (times) | 2.23 | 2.91 | 2.04 |
Know before investing
Strengths
8-
Bhavik Enterprises Limited has a wide product portfolio, trading in Polyethylene (PE) and Polypropylene (PP) with applications across various industries, enabling it to cater to a diversified clientele and capitalize on market demand.
-
The company has established long-term relationships with clients, generating repeat business through commitments to quality, timely delivery, and consistent communication, which strengthens customer retention and confidence.
-
Strong relationships with suppliers, including Borouge Pte Ltd and Basell International Trading FZE, ensure regular procurement, effective inventory management, and timely delivery of quality products.
-
The promoters possess extensive experience in the plastic trading industry, with deep knowledge and expertise that guide strategic decisions and provide a competitive advantage in growth and client engagement.
-
The company’s strategically located warehouses and depots across Gujarat, Maharashtra, Daman, and Silvassa optimize logistics, reduce transportation costs, and enable efficient distribution to high-consumption regions.
-
Bhavik Enterprises maintains a debt-free structure, allowing greater financial flexibility, reinvestment of earnings into business expansion, and improved creditworthiness for exploring new growth opportunities.
-
The company is well-positioned to expand its geographical footprint domestically, leveraging the growing demand for polymers in India driven by urbanization, rising disposable incomes, and increasing industrial consumption.
-
Opportunities exist for global expansion and scaling operations, with the company aiming to strengthen supply chains, enhance product offerings, and capture emerging opportunities in international markets.
Risks
8-
Dependence on key suppliers means any cost rise, shortage, or quality issue can hurt operations and profitability.
-
Termination or adverse changes in Borouge Pte Ltd. agreements could impact business continuity and financial performance.
-
Heavy revenue reliance on western India and Daman & Silvassa makes the company vulnerable to regional disruptions.
-
Bans on certain plastics or end-use products could negatively affect operations, cash flows, and profitability.
-
Price volatility in polymers may reduce margins during periods of sharp price fluctuations.
-
Import restrictions could disrupt supply chains and affect revenue generation.
-
Port disruptions in western India may delay logistics and impact operational efficiency.
-
Limited supplier base increases supply chain risk and may affect timely fulfillment of customer demand.
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Bhavik Enterprises IPO FAQs
Bhavik Enterprises IPO is a fixed issue IPO. It runs from September 25, 2025, to September 30, 2025.
The Basis of Allotment will happen on Wednesday, October 1, 2025.
The IPO subscription window will open on September 25, 2025.
The minimum lot size retail investors can subscribe to is 2 lots, and the lot size is 1000 shares.
The listing date for Bhavik Enterprises IPO is Monday, October 6, 2025.
The issue size of the Bhavik Enterprises IPO is ₹77 crore.
The open and close dates for Bhavik Enterprises IPO are from September 25, 2025, to September 30, 2025.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Pre-apply allows investors to apply for the Bhavik Enterprises IPO two days before the subscription period opens, ensuring an early submission of your application.
Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.
You will receive a notification once your order is successfully placed with the exchange after the bidding starts.
Bigshare Services Pvt Ltd is the registrar responsible for managing the IPO allotment process and handling investor queries.
The Bhavik Enterprises IPO is proposed to be listed on the SME platform of the Bombay Stock Exchange (BSE).
- Multiple Submissions: Use different Demat accounts to make multiple applications.
- Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
- Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
To read Bhavik Enterprises Limited’s financial statements, download the IPO’s RHP document.
