Bhavik Enterprises’ IPO was subscribed 1.07 times on the last day. The retail quota was subscribed over 0.67 times, NII was subscribed over 1.30 times.
Details About Bhavik Enterprises IPO
Bhavik Enterprises got approval from SEBI for an IPO of around ₹77.00 crores. Bhavik Enterprises IPO is a fresh issue of ₹63.00 crores and offer for sale up to 10,00,000 equity shares with a face value of ₹10 each.
Furthermore, Bhavik Enterprises had a set price band of ₹140 per share.
In the Bhavik Enterprises IPO, 2,000 shares were in 2 lot sizes for the retail minimum and maximum categories as well.
Moreover, 3,000 shares were in 3 lot sizes for the S-HNI category.
To invest in the Bhavik Enterprises IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹2,80,000.
- SHNI (S-HNI): Minimum investment of ₹4,20,000.
Bhavik Enterprises IPO’s Subscription Duration
The opening date of Bhavik Enterprises’ IPO was on September 25, 2025, and the closing date was on September 30, 2025. The allotment date of Bhavik Enterprises’ IPO was on October 1, 2025, and the investors will receive a refund on October 3, 2025. Bhavik Enterprises is set to be listed on October 6, 2025.
Bhavik Enterprises IPO funds deployment
A portion of IPO money will be used for the Funding of Working Capital Requirements of the Company.
A portion of the IPO money would be used for the General Corporate Purpose.
About Bhavik Enterprises Company
Bhavik Enterprises is one of the leading companies in terms of buying and selling polymers, mainly Polyethylene (PE) and Polypropylene (PP). Moreover, the company was founded on September 15, 2008. These materials are used in many industries, like making packages, building things, farming, and more.
One of the reasons for the growth of the companies is the promoters, as they are skilled and knowledgeable, and have many years of experience. Furthermore, the company has also planned to utilise around ₹4,750.00 lakhs, which comes from the funds raised in the financial year 2025–2026.
As the company is launching an IPO, which has a lot of benefits for the company, such as enhanced working capital, a boost to sales growth, and Operational expansion.
