Mumbai, Oct. 6 -- The scrip was listed at Rs 143, a premium of 2.14% over the initial public offer (IPO) price.

The counter hit a high of Rs 150.15 and a low of Rs 143. About 27.11 lakh shares of the company changed hands at the counter.

Bhavik Enterprises' IPO was subscribed 1.06 times. The issue opened for bidding on 25 September 2025 and it closed 30 September 2025. The price of the IPO was fixed at Rs 140 per share.

The IPO comprised fresh issue of 45,00,000 equity shares and offer for sale (OFS) of 10,00,000 equity shares by existing shareholders. The promoter and promoter shareholding diluted to 72.98% from 100% pre-IPO.

The company intends to utilize the net proceeds for funding of working capital requirement of the company and...