Bhavik Enterprises Ltd Share Price

The business in polymers industry has been established four decades ago. Promoter Mr. Mukesh Natverlal Thakkar started his career with the trading business of plastic raw material in 1977 through his proprietorship firm M/s. Emmen Plastics. Further a partnership firm M/s Bhavik Enterprises was established in 1984 by one of the promoters Mrs. Purnima Mukesh Thakkar which was dealing in all kind of plastic powder and allied lines. In 1992 Mr. Mukesh Natverlal Thakkar joined the said partnership firm through M/s. Mukesh Natverlal Thakkar HUF. They incorporated Bhavik Enterprises Limited on September 15 2008 as a public Limited Company with the Registrar of Companies Mumbai. Subsequently Company acquired the entire running business of M/s. Emmen Plastics and M/s Bhavik Enterprises as a going concern via a Business Transfer Agreement dated January 22 2009. At present Company is engaged in trading of polymers primarily in Polyethylene PE and Polypropylene PP which has a wider usage and application in various industries such as packaging infrastructure agriculture and many more. Polyethylene PE and Polypropylene PP are two of the most consumed thermoplastic components in the world. PE is the most commonly produced and consumed polymer compound globally. Some of the uses of PE include usage in manufacture of PET bottles bags food containers pipes pipe fittings. Flexible packaging films and medical implants. Under Polypropylene PP product portfolio consists of Homo polymer Impact Copolymer and Random Copolymer. Companys business model emphasizes Stock Sale catering to small medium and large customers as per their requirement. The Company is presently engaged in the domestic B2B trading of polymer wherein it import the material and store the same at its warehouses and depots and sell them thereafter to manufacturer of plastic product. These end use customers include manufacturers of pressure pipes nonpressure pipes drip pipe shrink film lamination film mulch film greenhouse films CPP films liners EPE foam woven sack bags spun bond nonwoven fabric paint pails crates houseware products suitcases thin wall containers. Company is planning to raise funds from public by way of IPO aggregating to Rs 770 Cr by issuing 5500000 equity shares of Rs 10/ each comprising a fresh issue of 1000000 equity shares aggregating to Rs 630 Cr and 4500000 equity shares aggregating to Rs 140 Crore through offer for sale..

Chairperson Name: MUKESH NATWARLAL THAKKAR