Account
Watchlists
Bookmarks
Pricing
Home
Dashboard
Ask Portfolio
Discovery
Timeline
Toolkit
Multibagg AI is an AI powered stock research and analysis platform. We provide data, information, content, and analytics for publicly traded Indian companies listed on NSE and BSE. AI can make mistakes, check important information.
Prices might be delayed by a few minutes.
Join our Exclusive Community
Made with 💙 in India. © Finsky Technologies Pvt Ltd. 2025
BHAVIK ENTERPRISES LIMITED, incorporated in 2008, is a trading company specializing in polymers, primarily Polyethylene (PE) and Polypropylene (PP). The company operates on a "Stock & Sale" business model, importing materials from key international suppliers like Borouge Pte Ltd and Basell International Trading FZE, and distributing them domestically. Its extensive product portfolio serves a wide range of industries including packaging, infrastructure, and agriculture, catering to manufacturers of products such as pipes, films, woven sacks, and houseware. With a history tracing back to its promoters' activities in 1977, the company leverages deep industry experience and maintains a strong presence in the western region of India.
Opening Date
Sep 25, 2025
Closing Date
Sep 30, 2025
Listing Date
Oct 06, 2025
IPO Type
SME
IPO Status
Closed
Issue Size
77 Cr
Fresh Issue
63 Cr
Offer for Sale
14 Cr
Price Band
₹140 - ₹140
Lot Size
1000
The main objectives of the issue are to utilize the net proceeds from the fresh offer for the following purposes:
Funding the working capital requirements of the company, with an estimated ₹47.50 crores allocated to bridge the gap caused by operational challenges, supplier payment terms, and to support strategic expansion plans.
Funding general corporate purposes, which may include meeting operating expenses, business development, marketing capabilities, and addressing unforeseen exigencies, subject to regulatory limits.
P/E Ratio
73.47
EPS
1.52
ROE
5.97%
ROCE
7.84%
RONW
5.8%
Debt to Equity Ratio
8.99
PAT Margin
1.08%
EBITDA Margin
0.75%
P/B
2.27
Wide product portfolio of Polyethylene (PE) and Polypropylene (PP) with various grades catering to diverse industries like packaging, infrastructure, and agriculture.
Long-standing relationships with a diversified client base, leading to repeat business and consistent revenue streams.
Well-established relationships with key international suppliers like Borouge Pte Ltd and Basell International Trading FZE, ensuring a stable and efficient supply chain.
Led by experienced promoters with over four decades of expertise and deep knowledge of the polymer trading industry.
High dependency on a few key international suppliers, with over 99% of purchases coming from Borouge Pte Ltd and Basell International Trading FZE.
Significant revenue concentration in the western region of India, making the company vulnerable to regional economic downturns or disruptions.
The business is working capital intensive, and a lack of sufficient funds has previously led to stagnation in sales growth.
Absence of long-term contracts with customers, with business primarily based on established relationships and repeat orders.
Capitalizing on the growing Indian polymer market, which is driven by strong economic growth, urbanization, and increasing consumption.
Expanding the company's geographical footprint into new domestic regions and potentially exploring international markets.
Growing demand from key end-use industries such as flexible and rigid packaging, agriculture, and infrastructure.
Leveraging India's position as a global manufacturing hub and the 'China plus one' strategy to attract new business opportunities.
Volatility in global polymer prices and foreign currency exchange rates, which can adversely affect profit margins.
Potential disruptions from changes in government policies, import restrictions, or the implementation of new mandatory certifications like BIS.
Intense competition from other domestic and international polymer trading companies.
Geopolitical tensions, global economic slowdowns, or disruptions at key ports which can impact supply chain efficiency and product availability.