The IPO comprised a fresh issue of Rs 63 crore and an offer for sale of Rs 14 crore. It received 1.07 times overall subscription, driven largely by non-institutional investors (1.3x), while the retail portion was under-subscribed at 0.67x.
About the company
Bhavik Enterprises is engaged in the trading of polymers, primarily Polyethylene (PE) and Polypropylene (PP) — materials that have wide industrial applications in packaging, agriculture, infrastructure, textiles, and automotive sectors.Operating on a stock-and-sale model, the company imports, stores, and sells polymers to plastic product manufacturers across India. Its product range includes HDPE, LDPE, LLDPE, and MLLDPE grades of polyethylene, as well as polypropylene, which is extensively used in packaging, containers, and woven products.
The company benefits from a strategically located warehouse network, long-standing supplier relationships, and a diversified customer base across industries.
Financials
Bhavik Enterprises reported a 6% rise in revenue to Rs 531.46 crore in FY25 but saw a 28% fall in profit after tax (PAT) to Rs 5.68 crore, reflecting margin pressure in a competitive and fragmented trading environment.
IPO fund use
The IPO funds will primarily go towards working capital requirements (Rs 47.5 crore) and general corporate purposes (Rs 7.1 crore).
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