Bhavik Enterprises Ltd - IPO

Bhavik Enterprises Ltd IPO Details

Initial public offer of 55,00,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of Bhavik Enterprises Limited (the Company or BEL or the Issuer) at an offer price of Rs. 140/- per equity share for cash, aggregating up to Rs. 77.00 crores comprising of fresh offer of 45,00,000 equity shares aggregating to Rs. 63.00 crores (Fresh Offer) and an offer for sale of 10,00,000 equity shares by all promoters (Selling Shareholders) aggregating to Rs. 14.00 crores (Offer for Sale) (Public Offer). The offer includes a reservation of 2,80,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 140/- per equity share forcash, aggregating Rs. 3.92 crores will be reserved for subscription by the market maker to the offer (the Market Maker Reservation Portion). The public offer less market maker reservation portion i.e. net offer of up to 52,20,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 140/- per equity share for cash, aggregating upto Rs. 73.08 crores is herein after referred to as the Net Offer. The public offer and net offer will constitute 27.02 % and 25.64 %, respectively of the post-offer paid-up equity share capital of the company.Price Band: Rs. 140/- for equity share of face value of Rs. 10 each.The floor price is 7.70 times times the face value and cap price of the face value of the equity shares.Bids can made for a minimum of 2,000 equity shares and in multiples of 1,000 equity shares thereafter.

Objective of issue

Funding working capital requirements of the company. General corporate purposes.

Bhavik Enterprises Ltd Contact Details

Bhavik Enterprises Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - investors@bhavikenterprises.com

Website - https:, bhavikenterprises.com