The IPO opens on September 25, 2025 and closes on September 30, 2025. Shares are planned to be listed on BSE SME.
Bhavik Enterprises is set to launch its IPO, a Fixed Price Issue, aiming to raise approximately ₹77.00 crores. The IPO includes a fresh issue worth ₹63.00 crores and an offer for sale of up to 10,00,000 equity shares, each with a face value of ₹10. The IPO will open for subscription on September 25, 2025, and close on September 30, 2025.
The price per share is fixed at ₹140, with 50% of the shares reserved for retail investors, 50% for High Net-worth Individuals (HNI), and no allocation for Qualified Institutional Buyers (QIB). The IPO is slated to list on the BSE on October 6, 2025, with share allotment expected to be finalized on October 1, 2025.
Financially, the company recorded revenues of ₹500.35 crores in 2024, up from ₹491.08 crores in 2023. However, its profit declined to ₹7.89 crores in 2024 from ₹15.56 crores in 2023. Based on these financials, the IPO appears suitable for investors with a long-term investment horizon.
Key IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | September 25, 2025 |
| IPO Close Date | September 30, 2025 |
| Listing Date | October 6, 2025 |
| Face Value | ₹10 per equity share |
| Price Band | ₹140 per share |
| Issue Size | Approx. ₹77.00 Crores |
| Fresh Issue | Approx. ₹63.00 Crores |
| Offer for Sale | Approx. 10,00,000 Equity Shares |
| Issue Type | Fixed Price Issue |
| IPO Listing | BSE SME |
| Retail Quota | 50% |
| QIB Quota | 0% |
| NII (HNI) Quota | 50% |
Market Lot Information
| Category | Lot Size | Shares | Amount (₹) |
|---|---|---|---|
| Retail Minimum | 2 | 2,000 | 2,80,000 |
| Retail Maximum | 2 | 2,000 | 2,80,000 |
| S-HNI Minimum | 3 | 3,000 | 4,20,000 |
Important IPO Dates
| Event | Date |
|---|---|
| IPO Opening | September 25, 2025 |
| IPO Closing | September 30, 2025 |
| Basis of Allotment | October 1, 2025 |
| Refund Initiation | October 3, 2025 |
| Demat Credit | October 3, 2025 |
| Listing Date | October 6, 2025 |
Promoters
- Mukesh Natverlal Thakkar
- Bhavik Mukesh Thakkar
- Purnima Mukesh Thakkar
About the Company
To be updated soonBhavik Enterprises Limited, incorporated in 2015 and headquartered in Ahmedabad, Gujarat, is engaged in the business of trading and distribution of various commodities, including metals, minerals, and industrial raw materials. The company sources products from domestic and international suppliers and distributes them to end-users in sectors such as manufacturing, construction, and infrastructure. With a focus on quality sourcing, timely delivery, and competitive pricing, Bhavik Enterprises has built a network of over 200 clients across India. It reported revenue of ₹145.20 crores in FY24, marking a growth of 25% YoY, driven by increasing demand in the industrial sector. The IPO proceeds of ₹77.00 crores, comprising a fresh issue of ₹63.00 crores and an offer for sale of 10,00,000 equity shares, will be used for working capital requirements, expansion of trade operations, and general corporate
Financial Performance
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2022 | 287.52 | 278.42 | 6.76 | 119.1 |
| 2023 | 491.08 | 470.21 | 15.56 | 157.46 |
| 2024 | 500.35 | 489.69 | 7.89 | 136.52 |
| December 2024 | 390.54 | 385.02 | 4.08 | 164.92 |
Key Financial Ratios (FY2024)
| KPI | Value |
|---|---|
| ROE | 8.93% |
| ROCE | 11.55% |
| EBITDA Margin | 0.98% |
| PAT Margin | 1.60% |
| Debt to Equity Ratio | – |
| EPS (Basic) | ₹4.98 |
| P/E Ratio | N/A |
| RoNW | 8.55% |
| Net Asset Value (NAV) | ₹58.23 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW (%) | NAV | Income |
|---|---|---|---|---|---|
| No listed company peers | – | – | – | – | – |
Purpose of the IPO
- Funding Working Capital Requirements
- General Corporate Purpose
Registrar & Contact Details
Registrar:
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Lead Manager:
Smart Horizon Capital Advisors Pvt.Ltd.
Company Address:
Bhavik Enterprises Ltd.
Office No. 1105, 11th Floor, DLH Park, S V Road, Goregaon West, Malad, Mumbai, Maharashtra, 400064
Phone: +91 9152815659
Email: investors@bhavikenterprises.com
Website: https://bhavikenterprises.com/