Bhavik Enterprises Ltd. has announced public offering of 5500000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 130.00 per share. The gross proceeds of the issue are expected to be Rs 7,700.00 lakhs.
The company's initial public offer (IPO) will open on 25 September 2025 and is expected to close on 30 September 2025, subject to customary closing conditions.
The IPO includes a fresh Issue of 5500000 Equity Shares of the Company at an price of Rs 140.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.
Bhavik Enterprises Ltd. anticipates using the proceeds of the issue for Funding Working Capital Requirements of the Company, General corporate purposes.
Smart Horizon Capital Advisors Pvt. Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.