Bizotic Commercial Limited IPO Detail
Incorporated in 2016, Bizotic Commercial Limited is engaged in the business of manufacturing, designing, and marketing readymade garments under the brand name URBAN UNITED.
The company offers a diverse range of men's Formal Wear, Casual Wear, Party Wear, Fit Wear, Sports Wear, Comfort Wear, Ethnic Wear, and Winter Wear through retail stores and e-commerce channels.
Bizotic Commercial's manufacturing process includes cutting, stitching, sewing, finishing, inspection and packing. The company outsources the entire garments manufacturing on a job work basis from third-party contractors from time to time and provides the technical specifications such as designs, pattern, quality, fabric, etc.
The company has 20 stores in different cities of Rajasthan and 1 in Bihar on ongoing business out of which, 17 stores are on a franchisee basis and 4 stores are owned by the Company, itself. The 4 owned stores are located at Jaipur, Jodhpur, Bhilwada, and Chittorgarh in Rajasthan.
Company Promoters
IPO Details
| IPO Opening Date | Jun 12, 2023 |
| IPO Closing Date | Jun 15, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹175 per equity share |
| Market Lot | 800 Shares |
| Min Order Quantity | 800 Shares |
| Listing At | BSE SME |
| Issue Size | ₹42.21 Cr |
| Fresh Issue | 2,412,000 shares (aggregating up to ₹42.21 Cr) |
| Offer for Sale | - |
| Retail Portion | 47.50% |
IPO Tentative Timetable
The Bizotic Commercial Limited IPO open date is Jun 12, 2023, and the close date is Jun 15, 2023. The issue may list on Jun 23, 2023.
| IPO Open Date | Jun 12, 2023 |
| IPO Close Date | Jun 15, 2023 |
| Basis of Allotment Date | Jun 20, 2023 |
| Initiation of Refunds | Jun 21, 2023 |
| Credit of Shares to Demat Account | Jun 22, 2023 |
| IPO Listing Date | Jun 23, 2023 |
IPO Lot Size
The Bizotic Commercial Limited IPO market lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹140000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 800 | ₹140000 |
| Maximum | 1 | 800 | ₹140000 |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 1102.04 | 1113.97 | 16.34 |
| 31-Mar-21 | 1,897.65 | 1679.97 | 34.08 |
| 31-Mar-22 | 3738.37 | 5341.98 | 59.57 |
Objects of the Issue:
The company intends to utilize the proceeds from the net issue for the following objects:
- Setting up Retail store
- Repayment of loan
- Working capital requirement
- General Corporate Purpose, and
- Meeting Public Issue Expenses.
Bizotic Commercial Limited IPO Registrar:
Bigshare Services Pvt Ltd
Bizotic Commercial Limited IPO Lead Manager(s):
Interactive Financial Services Ltd
Company Contact Information:
Bizotic Commercial Limited
8, Samet Business Park, Nr. Khokra Circle, Khokra, Ahmedabad
Gujarat
Gujarat
