Bhavik Enterprises Ltd Company Summary

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 Co-polymer and Random Co-polymer.

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, non-pressure 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 55,00,000 equity shares of Rs 10/- each, comprising a fresh issue of 10,00,000 equity shares aggregating to Rs 630 Cr and 45,00,000 equity shares aggregating to Rs 140 Crore through offer for sale.