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Bhavik Enterprises IPO Details
RHP/DRHPIssue Date
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IPO Size
N/A
Schedule of Bhavik Enterprises IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
About Bhavik Enterprises IPO
The IPO of Bhavik Enterprises Ltd comprises a fresh issue and an offer for sale. The fresh issue is up to 45,00,000 equity shares while the offer for sale is up to 10,00,000 equity shares. It’s a 100% fixed price issue. The price band is TBA and the lot size is TBA.
The opening date is TBA and the closing date is TBA. The listing date is TBA. The allotment date is TBA. The credit of shares to the demat account will take place on TBA. The initiation of refunds will take place on TBA.
Bhavik Enterprises Ltd 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.
Objectives of Bhavik Enterprises IPO
- Funding working capital requirements of the company
- General corporate purposes
Bhavik Enterprises IPO Valuation
| Detail | Information |
|---|---|
Upper Price Band | TBA |
Fresh Issue | Up to 45,00,000 equity shares |
Offer for Sale | Up to 10,00,000 equity shares |
EPS in ₹ for FY 24 | 4.98 |
Bhavik Enterprises IPO Offer and Subscription Details
Industry Outlook
The Indian polymer trading industry is dynamic and complex, shaped by a mix of domestic leaders and international players. A key driver of competition is integration, as companies aim to manage the entire value chain, from raw material sourcing and production to distribution and marketing. This integrated approach enhances cost control and product quality.
Access to resources also plays a pivotal role in defining competitive advantage, with firms having secure supplies of petrochemical feedstocks or partnerships with resource-abundant nations standing out. India's imports of polypropylene and its copolymers have demonstrated distinct patterns in recent years, reflecting changes in industrial demand.
Polypropylene imports increased from ₹56 billion in FY 2020 to ₹85 billion in FY 2022, followed by a rise to ₹125 billion in FY 2023. Subsequently, imports declined to ₹106 billion in FY 2024 and recorded ₹59 billion during the first half of FY 2025.
On the other hand, the overall export of polypropylene from India in FY 2024 yielded an export revenue of approximately ₹34.6 Bn. PP exports from India have been steadily declining for the past couple of years, falling from ₹57 Bn in FY 2021 to the current level.
Company Information
Incorporated on September 15, 2008, Bhavik Enterprises Ltd 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 company is presently engaged in the domestic B2B trading of polymer, wherein it imports the material and stores the same at its warehouses and depots and sells them thereafter to manufacturers of plastic products.
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.
Strengths of Bhavik Enterprises IPO
- Wide product portfolio having applications across various industry verticals
- Long-term relationships with clients
- Well-established relationship with suppliers
- Strategic location of warehouses and depots
- Debt-free structure
Risks of Bhavik Enterprises IPO
- Dependence on key polymer suppliers may affect business stability
- Risk from termination or adverse changes in Borouge agreements
- Geographic concentration of revenue in western India
- Risk of regulatory ban on plastic materials
- Exposure to price volatility may impact profitability
Bhavik Enterprises Financials
Anchor Investor Bidding Date TBA
Bhavik Enterprises IPO Registrar and Book Running Lead Manager
- IPO Registrar: Bigshare Services Pvt Ltd
- Book Running Lead Manager: Smart Horizon Capital Advisors Private Limited
Bhavik Enterprises Business Model
Bhavik Enterprises Ltd is presently engaged in the domestic B2B trading of polymer, wherein it imports the material and stores the same at its warehouses and depots and sells them thereafter. It supplies a wide range of polymer materials such as Polyethylene (PE) and Polypropylene (PP) with various grades such as LLDPE, LDPE, HDPE and MLLDPE under Polyethylene category and Homo polymer, Impact Co-polymer and Random Co-polymer under Polypropylene category.
Bhavik Enterprises Company Growth Trajectory
The revenue from operations of Bhavik Enterprises Ltd increased from ₹283.7636 crores in FY 22 to ₹494.1237 crores in FY 24. Its PAT increased from ₹6.7614 crores in FY 22 to ₹7.8912 crores in FY 24. A wide product portfolio coupled with long-term relationships with clients has helped the company grow over the years.
Bhavik Enterprises Market Position
Bhavik’s business in the polymers industry was established four decades ago. Currently, it’s supplying its products in various states of India including Gujarat, Maharashtra, Rajasthan, Diu-daman, Uttar Pradesh, Telangana, Chhattisgarh, Madhya Pradesh, Haryana, Delhi. A majority of its sales are derived from the states of Maharashtra, Gujarat, Rajasthan, and the Union Territory of Diu and Daman.
The company is certified with ISO 9001:2015, committed to ensuring traceability in its supply chain, which has become increasingly important in the global trade of polymers.
Bhavik Enterprises Profit and Loss
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Total Income (in ₹ crore) | 500.34 | 491.08 | 287.52 |
Profit Before Tax (in ₹ crore) | 10.65 | 20.86 | 9.10 |
Profit After Tax (in ₹ crore) | 7.89 | 15.55 | 6.76 |
EBITDA (in ₹ crore) | 4.82 | 17.46 | 5.56 |
EPS in ₹ | 4.98 | 9.81 | 4.26 |
Bhavik Enterprises Balance Sheet
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Profit Before Tax (in ₹ crore) | 10.65 | 20.86 | 9.10 |
Net Cash Generated by Operating Activities (in ₹ crore) | -2.76 | 14.35 | 0.51 |
Net Cash Used in Investing Activities (in ₹ crore) | 2.65 | -1.46 | 1.51 |
Net Cash (Used in) / Generated by Financing Activities (in ₹ crore) | -0.02 | -0.00 | -0.00 |
Cash and Cash Equivalents at the End of the Year (in ₹ crore) | 61.09 | 61.23 | 48.34 |
How to Check Allotment Status of Bhavik Enterprises IPO?
Visit the Registrar’s Website
- Visit the official website of Bigshare Services Pvt Ltd
- Choose IPO Allotment Status from ‘Services’
- Click on any one of the servers
- Choose ‘Company Name’ from dropdown
- Enter either your application number, CAF number or beneficiary ID
- Enter captcha and click on ‘Submit’ to know the status
Check on the Bombay Stock Exchange Website
The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investor Services' tab. Under 'Investors Services', click on 'Status of Issue Application'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:
- Choose the Issue Type
- Select the Issue Name from dropdown
- Put in either your application number or PAN number
- Check the box ‘I’m not a robot’
- Click on ‘Search’ to know allotment status
How to Apply for Bhavik Enterprises IPO?
- Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for.
- Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds.
- Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Bhavik Enterprises IPO FAQs
Where can I read more about Bhavik Enterprises business?
You can read more about Bhavik Enterprises and its IPO from the company’s red herring prospectus (RHP) here.
What is the Bhavik Enterprises IPO?
The IPO of Bhavik Enterprises Ltd consists of a fresh issue and an offer for sale of equity shares of up to 45,00,000 and 10,00,000, respectively.
When will the IPO of Bhavik Enterprises go live?
The exact dates of the Bhavik Enterprises Ltd IPO are yet to be announced.