India’s IPO market is heating up with several niche sectors offering lucrative investment opportunities. One such IPO is Bhavik Enterprises Ltd., a leading player in the trading of polymers. The company is set to open its IPO on September 25, 2025, giving investors a chance to tap into the booming polymer industry.
Bhavik Enterprises IPO combines a fresh issue and an offer for sale worth ₹77.00 crores. Investors interested in this fixed price IPO should read on for a detailed analysis of the company, its financials, and what to expect.
About Bhavik Enterprises Ltd.
Bhavik Enterprises Ltd. was incorporated in 2008 and specializes in the trading of polymers, primarily Polyethylene (PE) and Polypropylene (PP). These products find extensive applications across various sectors like packaging, agriculture, infrastructure, and more.
The company operates a stock-and-sale model, importing and storing polymers for sale to plastic product manufacturers. Their product offerings include various types of Polyethylene (PE) (HDPE, LDPE, LLDPE, MLLDPE) and Polypropylene (PP), which are used in packaging, textiles, and automotive sectors.
As of December 31, 2024, Bhavik Enterprises has a small but efficient workforce of 18 employees, making it a lean operation in the polymer trading sector. The company has established strong relationships with both suppliers and clients, ensuring a solid foothold in the market.
Bhavik Enterprises IPO Details
IPO Type: Fixed Price Issue
Total Issue Size: ₹77.00 crores
- Fresh Issue: ₹63.00 crores (0.45 crore shares)
- Offer for Sale: ₹14.00 crores (0.10 crore shares)
The IPO will list on BSE SME, providing liquidity options to investors after the tentative listing date of October 6, 2025. The price band for the issue has been set at ₹140.00 per share.
IPO Timeline:
| Event | Date (Tentative) |
| IPO Open Date | Sep 25, 2025 |
| IPO Close Date | Sep 30, 2025 |
| Tentative Allotment | Oct 1, 2025 |
| Initiation of Refunds | Oct 3, 2025 |
| Credit of Shares to Demat | Oct 3, 2025 |
| Tentative Listing Date | Oct 6, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Sep 30, 2025 |
Key IPO Details:
| Parameter | Details |
| Face Value | ₹10 per share |
| Issue Price | ₹140 per share |
| Lot Size | 1,000 shares |
| Total Issue Size | 55,00,000 shares (₹77.00 Cr) |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Issue Type | Fixed Price IPO |
| Reserved for Market Maker | 2,80,000 shares (aggregating up to ₹3.92 Cr) Shreni Shares Ltd. |
| Fresh Issue (Ex Market Maker) |
42,20,000 shares (aggregating up to ₹59.08 Cr) |
| Offer for Sale | 10,00,000 shares of ₹10 (aggregating up to ₹14.00 Cr) |
| Net Offered to Public | 52,20,000 shares (aggregating up to ₹73.08 Cr) |
| Listing At | BSE SME |
| Shareholding Pre-Issue | 1.58 crore shares |
| Shareholding Post-Issue | 2.04 crore shares |
Investor Category 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 & Investment
Lot Size:
Investors can bid for a minimum of 2,000 shares, and the shares are issued in multiples of 1,000 shares thereafter.
Investment Requirement:
| Application | Lots | Shares | Amount |
| Retail (Min) | 2 | 2,000 | ₹2,80,000 |
| Retail (Max) | 2 | 2,000 | ₹2,80,000 |
| HNI (Min) | 3 | 3,000 | ₹4,20,000 |
Bhavik Enterprises Financials
The financials for Bhavik Enterprises Ltd. show strong performance in recent years, with revenue growth and a robust balance sheet.
Key Company Financials (₹ Crore):
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 164.92 | 136.52 | 157.46 | 119.1 |
| Total Income | 390.54 | 500.35 | 491.08 | 287.52 |
| Profit After Tax | 4.08 | 7.89 | 15.56 | 6.76 |
| Net Worth | 96.42 | 92.34 | 84.44 | 68.89 |
| Reserves & Surplus | 91.13 | 87.05 | 79.16 | 63.6 |
Key Performance Indicators (KPI) for FY2025:
The market capitalisation of Bhavik Enterprises IPO is ₹285.01 Cr.
| KPI | Value |
| ROE | 8.93% |
| ROCE | 11.55% |
| RoNW | 8.55% |
| PAT Margin | 1.60% |
| P/E (x) Pre-IPO | 28.13 |
| P/E (x) Post-IPO | 52.34 |
| EPS (₹) Pre-IPO | 4.98 |
| EPS (₹) Post-IPO | 2.67 |
Objects of the Issue
The IPO proceeds are proposed to be utilised towards:
| Object | Amount (₹ Crore) |
| Funding Working Capital Requirements | 47.5 |
| General Corporate Purposes | Balance |
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Industry Outlook
The polymer industry has a robust future, driven by its applications across various sectors like packaging, infrastructure, and agriculture. Bhavik Enterprises stands to benefit from strong demand in sectors like plastic product manufacturing, agriculture-based films, and packaging solutions, with Polyethylene (PE) and Polypropylene (PP) polymers being key materials for these applications.
Conclusion
Bhavik Enterprises Ltd. offers an attractive investment opportunity in the polymer trading industry. Its diverse product portfolio, established relationships with suppliers and clients, and strategic warehouse locations give it a competitive edge. However, potential investors should carefully assess risks such as industry competition, fluctuations in raw material prices, and dependence on specific sectors.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
