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Annual production of basic petrochemicals in India is estimated to be 17.8 million metric tons in FY 2023 (till January 2024). Between FY 2020 and 2022, the production of petrochemicals has increased by a CAGR of 1.2%
Polyethylene and Polypropylene are two of the most consumed thermoplastic components in the world.
The domestic packaging industry is growing by 20 – 22% per annum, Multiple variants of PE are used for packaging applications in food & beverage industry, medical & pharmaceutical sector, and consumer good packaging.
PE has widespread application in automotive sector, where it is used in a wide range of exterior and interior applications
Domestic chemical consumption is rising steadily, and India is expected to account for more than 20% of the incremental global consumption of chemicals that would happen globally in near future
| Revenue | ₹494.12 cr | ₹522.76 cr (+5.80%) | |
| PAT | ₹7.89 cr | ₹5.68 cr (-28.01%) | |
| PAT Margin | 1.60 % | 1.09 % (-31.88%) | |
| EBITDA | ₹4.83 cr | ₹8.12 cr (+68.12%) | |
| EBITDA Margin | 0.98 % | 1.55 % (+58.16%) | |
| ROE | 8.45 % | 5.80 % (-31.36%) | |
| ROCE | 11.55 % | 7.84 % (-32.12%) | |
| D/E | 0.00 | [●] |
The company supplies a wide range of polymer materials such as Polyethylene (PE) and Polypropylene (PP) with various grades such as LLDPE, LDPE, HDPE and MLLDPE under Polyethylene category and Homo polymer, Impact Co-polymer and Random Co-polymer under Polypropylene category.
PE Ratio: 50.16x Average Sector PE Ratio: 19.09x
| NII (HNI) Shares Offered: | 2610000 |
| Retail Shares Offered: | 2610000 |
| Total Shares Offered: | 5220000 |
| Application | Lot | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Max) | 2 | 2000 | ₹280000 |
| S-HNI (Min) | 3 | 3000 | ₹420000 |
Avg IPO Size (Sector Based):
₹ 20.71 cr.
Average Sector PE Ratio:
19.09 X
Listing Price:
₹ 143.00
Bhavik Enterprises Limited is engaged in the trading of polymers, with a primary focus on Polyethylene (PE) and Polypropylene (PP), which are widely used across industries such as packaging, infrastructure, agriculture, and more. By offering a broad range of polymer products, the company enhances its ability to serve a diverse clientele and expand customer reach. The company is an authorized distributor of Borouge Pte Ltd, responsible for marketing and selling “Borouge” products across India
Its comprehensive Polyethylene (PE) portfolio includes Linear Low-Density Polyethylene (LLDPE), Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), and Metallocene Linear Low-Density Polyethylene (MLLDPE). Under the Polypropylene (PP) category, the company supplies Homopolymer, Impact Copolymer, and Random Copolymer variants. The business model is built around a “Stock & Sale” approach, catering to small, medium, and large-scale customers based on their specific requirements.
Operating within the domestic B2B polymer trading space, the company imports materials and stores them at its warehouses and depots before distributing them to manufacturers of plastic products. These end-use customers include producers of pressure and non-pressure pipes, drip irrigation systems, shrink and lamination films, mulch and greenhouse films, cast polypropylene (CPP) films, liners, expanded polyethylene (EPE) foam, woven sack bags, spun bond nonwoven fabrics, paint pails, crates, houseware items, suitcases, and thin-wall containers.
Its distribution network currently spans several states, including Gujarat, Maharashtra, Rajasthan, Diu-Daman, Uttar Pradesh, Telangana, Chhattisgarh, Madhya Pradesh, Haryana, and Delhi.
Smart Horizon Capital Advisors Private Limited, based in Mumbai is the Lead Manager (BRLM) of Bhavik Enterprises IPO. Smart Horizon Capital Advisors Private Limited has handled (17) SME IPOs till date of which (76%) of the SME IPOs have been listed with listing gains. Read full review of Smart Horizon Capital Advisors Private Limited .
Bhavik Enterprises IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Bhavik Enterprises Financial Review Page
Merchant Banker(s) of Bhavik Enterprises IPO: Smart Horizon Capital Advisors Private Limited
Bhavik Enterprises IPO subscription was 1.07 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Bhavik Enterprises IPO listed at a listing price of 143.00 against the offer price of 140.00.
The current market price of Bhavik Enterprises is 143.00.
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