Bhavik Enterprises IPO

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 aggregating up to ₹ 63 crores while the offer for sale is up to 10,00,000 equity shares aggregating up to ₹14 crores. The total offer size is pegged at ₹77 crores. It’s a 100% fixed price issue. The price band is ₹140 per share and the IPO opens on September 25, 2025 and closes on September 30, 2025.

The listing date is on October 6, 2025 and the allotment date is on October 1, 2025. The credit of shares to the Demat account will take place on October 3, 2025 , while the initiation of refund will take place on October 3, 2025.

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

The company proposes to utilise the IPO proceeds for:

• Funding working capital requirements of the company
• General corporate purposes

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
  

Peer Comparison

There are no listed companies in India that are engaged in a business similar to that of Bhavik Enterprises Ltd. Accordingly, it is not possible to provide a comparison of key performance indicators of industry with the company.

Anchor Investor Bidding Date

The anchor investor bidding date is Sep 24, 2025

IPO Registrar and Book Running Lead Manager

• IPO Registrar: Bigshare Services Pvt Ltd
  
• Book Running Lead Manager: Smart Horizon Capital Advisors Private Limited
  

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.

Company Growth Trajectory

The revenue from operations of Bhavik Enterprises Ltd increased from ₹487.2656 crores in FY 23 to ₹527.2671 crores in FY 25. For the financial year ended March 31, 2025, 2024 and 2023, the company has supplied 54,247.63 metric tons, 50,300.90 metric tons and 44,524.10 metric tons respectively of polymers, underscoring its operational scale and growth trajectory.

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.

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.