Bhavik Enterprises IPO
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Schedule of Bhavik Enterprises
| Issue open date | 25 Sep 2025 |
| Issue close date | 30 Sep 2025 |
| UPI mandate deadline | 30 Sep 2025 (5 PM) |
| Allotment finalization | 01 Oct 2025 |
| Refund initiation | 03 Oct 2025 |
| Share credit | 03 Oct 2025 |
| Listing date | 06 Oct 2025 |
| Mandate end date | 15 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 30 Oct 2025 |
| Lock-in end date for anchor investors (remaining) | 29 Dec 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Bhavik Enterprises
Bhavik Enterprises is engaged in trading of polymers primarily in Polyethylene (PE) and Polypropylene (PP) which have wider usage and application in various industries such as packaging, infrastructure, agriculture and many more. The company provides a broad range of products to customers with a comprehensive product portfolio under Polyethylene (PE) including LLDPE, LDPE, HDPE and MLLDPE, and under Polypropylene (PP) consisting of Homo polymer, Impact Co-polymer and Random Co-polymer. The company’s business model emphasizes “Stock & Sale” catering to small, medium and large customers as per their requirement in the domestic B2B trading of polymers.
Financials of Bhavik Enterprises
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹77 crores |
| Fresh Issue | ₹63 crores |
| Offer for sale | ₹14 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Funding working capital requirements | 47.50 (75.4%) |
| General corporate purposes | 15.50 (24.6%) |
Strengths
- Established business model with “Stock & Sale” approach, catering to diverse customer segments
- Comprehensive product portfolio covering both PE and PP polymer categories
- Strong presence in high-demand sectors, including packaging, infrastructure, and agriculture
- Strategic import-based sourcing model with efficient warehouse and depot network
- Diversified customer base across small, medium and large manufacturers
Risks
- Heavy dependence on imported raw materials makes bthe usiness vulnerable to foreign exchange fluctuations
- Termination or non-renewal of distribution agreements with key suppliers like Borouge could severely impact operations
- Substantial revenue concentration in the western region of India creates geographical dependency risk
- Import restrictions or policy changes could adversely impact business operations and cash flows
- Competition from established players and new entrants in the polymer trading segment
Allotment Status for Bhavik Enterprises
To check your allotment status – click here.
Subscription Figures for Bhavik Enterprises
As per media reports (Link), the Grey Market Premium (GMP) of Bhavik Enterprises is reported at ₹0 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on September 26, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| NII | 26.10 | 16.11 | 0.62x |
| Retail | 26.10 | 2.24 | 0.09x |
| Total | 52.20 | 21.93 | 0.42x |
0.09x