Bhavik Enterprises IPO: Shares flat in grey market ahead of debut

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Bhavik Enterprises will debut on the BSE SME platform on October 6. It raised Rs 77 crore through its IPO. The issue received a subdued response and showed no grey market premium. The stock may list near its Rs 140 issue price. Bhavik Enterprises trades polymers for diverse industries. The company reported revenue growth but a profit decline.