Bhavik Enterprises Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹140
Per ShareLot Size
1000 Shares
Minimum Investment
₹1,40,000
Issue Size
₹77 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50%
QIB Quota
0%
NII Quota
50%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Bhavik Enterprises Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
99.99%
Promoter Holding (Post-Issue)
72.98%
Issue Type
Fixed Price - SME
ISIN
INE18PB01017
About the Company
Incorporated on September 15, 2008, we are 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. We provide a broad range of products to our customers which increases the scope of our customers and our ability to cater to a diversified clientele base. Our comprehensive product portfolio under Polyethylene (PE) includes LLDPE, LDPE, HDPE and MLLDPE. Under Polypropylene (PP), our product portfolio consists of Homo polymer, Impact Co-polymer and Random Co-polymer. Our company's business model emphasizes "Stock & Sale" catering to small, medium and large customers as per their requirement. We are presently engaged in the domestic B2B trading of polymer, wherein we import the material and store the same at our warehouses and depots and sell them thereafter to manufacturer of plastic product. These end use customers include manufacturers of pressure pipes, non-pressure pipes, drip pipe, shrink film, lamination film, mulch film, greenhouse films, CPP films, liners, EPE foam, woven sack bags, spun bond nonwoven fabric, paint pails, crates, houseware products, suitcases, thin wall containers.
Industry Overview
The polymers Industry plays a pivotal role in India's economic landscape, contributing significantly to various sectors such as packaging, construction, automotive, and consumer goods. The industry has been characterized by continuous innovation and technological advancements, driving the development of new and improved polymer materials with enhanced properties and functionalities.
Company History
Our Company was originally incorporated on September 15, 2008 as "Bhavik Enterprises Limited" under the provisions of the Companies Act, 1956 with the Registrar of Companies, Mumbai, Maharashtra. The Corporate Identification Number of our Company is U51900MH2008PLC186771.
Products & Services
- The Company 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.
Growth Strategy
- Expand our geographical footprint.
- Reduction in operational costs to achieve optimum operational efficiency.
- Strengthen relationships with our existing customers and expand customer base.
- Sales Volume Growth.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 55,00,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Bhavik Enterprises Limited ("the Company" or "BEL" or "the Issuer") at an offer price of Rs. 140/- per equity share for cash, aggregating up to Rs. 77.00 crores comprising of fresh offer of 45,00,000 equity shares aggregating to Rs. 63.00 crores ("Fresh Offer") and an offer for sale of 10,00,000 equity shares by all promoters ("Selling Shareholders") aggregating to Rs. 14.00 crores ("Offer for Sale") ("Public Offer"). The offer includes a reservation of 2,80,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 140/- per equity share for cash, aggregating Rs. 3.92 crores will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The public offer less market maker reservation portion i.e. net offer of up to 52,20,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 140/- per equity share for cash, aggregating up to Rs. 73.08 crores is herein after referred to as the "Net Offer". The public offer and net offer will constitute 27.02 % and 25.64 %, respectively of the post-offer paid-up equity share capital of the company. Price Band: Rs. 140/- for equity share of face value of Rs. 10 each. The floor price is 7.70 times times the face value and cap price of the face value of the equity shares. Bids can made for a minimum of 2,000 equity shares and in multiples of 1,000 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Wide product portfolio having applications across various industries verticals.
- Long term relationship with clients.
- Well established relationship with suppliers.
- Leveraging the experience of our Promoters.
- Strategic location of our warehouses and depots.
- The company derives the company's revenue from trading of polymers for which we are dependent on certain suppliers for its operations and an increase in the cost of, or a shortfall in the availability or quality of such products could have an adverse effect on the company's business, financial condition and results of operations.
- Termination or non-renewal of the distribution agreements by Borouge Pte Ltd. or any material modification to the existing terms under such agreements adverse to the company's interest will materially and adversely affect its ability to continue the company's business and operations and the company's future financial performance.
- The company derives the company's revenue from the domestic market and substantial portion of revenue from the western region of India and the Union Territory of Dadra and Nagar Haveli and Daman and Diu i.e. Daman & Silvassa. Any adverse developments affecting its operations in western region could have an adverse impact on the company's revenue and results of operations.
- The company has certain outstanding litigation against the company, an adverse outcome of which may adversely affect its business, reputation and results of operations.
- There is an increased awareness towards controlling plastic pollution and many economies including India have joined in the efforts to ban certain types of plastic products. In case any key plastic material traded by the company or end-use consumer product that is packaged using raw material of the company's supplier is banned in India, it could have a material and adverse effect on the company's business, financial condition, cash flows and results of operations.