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Bizotic Commercial IPO is a fixed price issue of ₹42.21 crores. The issue is entirely a fresh issue of 0.24 crore shares of ₹42.21 crore.
Bizotic Commercial IPO bidding started from Jun 12, 2023 and ended on Jun 15, 2023. The allotment for Bizotic Commercial IPO was finalized on Jun 20, 2023. The shares got listed on BSE SME on Jun 23, 2023.
Bizotic Commercial IPO price is ₹175.00 per share . The lot size for an application is 800. The minimum amount of investment required by an individual investor (retail) is ₹1,40,000 (800 shares). The minimum lot size investment for HNI is 2 lots (1,600 shares), amounting to ₹2,80,000.
Interactive Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Beeline Broking Ltd..
Refer to Bizotic Commercial IPO RHP for detailed Information.
| IPO Date | June 12, 2023 to June 15, 2023 |
| Listing Date | June 23, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹175 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 24,12,000 shares (aggregating up to ₹42.21 Cr) |
| Reserved for Market Maker | 1,20,800 shares Beeline Broking Ltd. (aggregating up to ₹2.11 Cr) |
| Net Offered to Public | 22,91,200 shares (aggregating up to ₹40.10 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 56,28,000 shares |
| Share Holding Post Issue | 80,40,000 shares |
Bizotic Commercial IPO offers total 24,12,000 shares. Out of which 11,45,600 (47.50%) allocated to NII, 11,45,600 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,20,800 (5.01%) |
| NII (HNI) Shares Offered | 11,45,600 (47.50%) |
| Retail Shares Offered | 11,45,600 (47.50%) |
| Total Shares Offered | 24,12,000 (100.00%) |
Bizotic Commercial IPO opens on June 12, 2023, and closes on June 15, 2023.
| IPO Open Date | Mon, Jun 12, 2023 |
| IPO Close Date | Thu, Jun 15, 2023 |
| Tentative Allotment | Tue, Jun 20, 2023 |
| Initiation of Refunds | Wed, Jun 21, 2023 |
| Credit of Shares to Demat | Thu, Jun 22, 2023 |
| Tentative Listing Date | Fri, Jun 23, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jun 15, 2023 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,40,000 |
| Retail (Max) | 1 | 800 | ₹1,40,000 |
| HNI (Min) | 2 | 1,600 | ₹2,80,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 1,102.04 | 1,113.97 | 16.34 | 29.52 | 28.52 | |
| 31-Mar-21 | 1,897.65 | 1,679.97 | 34.08 | 63.60 | 62.60 | |
| 31-Mar-22 | 3,738.37 | 5,341.98 | 59.57 | 123.17 | 122.17 | 256.48 |
| 31-Dec-22 | 3,972.95 | 3,749.41 | 290.28 | 865.52 | 302.72 | 369.40 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Bizotic Commercial IPO is ₹140.70 Cr.
| KPI | Values |
|---|---|
| RoNW | 51.27% |
The company intends to utilize the proceeds from the net issue for the following objects:
[Dilip Davda] The company operates in a highly competitive and fragmented segment with many players around. The sudden boost in its bottom line for 9M-FY23 raised eyebrows and concern over sustainability going forward. The factor of its significant business based on third-party contracts poses a big concern. Based on such super earnings of FY23, the issue appears greedily priced while based on its track records so far, the issue appears exorbitantly priced. Simply stay away from this pricey bet. Read detail review...
| Listing Date | June 23, 2023 |
| BSE Script Code | 543926 |
| NSE Symbol | |
| ISIN | INE0OJ401014 |
| Final Issue Price | ₹175 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹175.00 |
| Open | ₹180.00 |
| Low | ₹171.00 |
| High | ₹182.00 |
| Last Trade | ₹171.00 |
Bizotic Commercial Ltd.
8, Samet Business Park,
Nr. Khokra Circle, Khokra,
Ahmedabad-380008
Ahmedabad, Gujarat
Phone: +91 79849 71501
Email: bizoticcommercialindia@gmail.com
Website: https://urbanunited.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Bizotic Commercial IPO is a SME IPO of 24,12,000 equity shares of the face value of ₹10 aggregating up to ₹42.21 Crores. The issue is priced at ₹175 per share. The minimum order quantity is 800.
The IPO opens on June 12, 2023, and closes on June 15, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Bizotic Commercial IPO using UPI as a payment gateway. Zerodha customers can apply in Bizotic Commercial IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bizotic Commercial IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bizotic Commercial IPO opens on June 12, 2023 and closes on June 15, 2023.
Bizotic Commercial IPO lot size is 800, and the minimum amount required for application is ₹1,40,000.
You can apply in Bizotic Commercial IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Bizotic Commercial IPO will be done on Tuesday, June 20, 2023, and the allotted shares will be credited to your demat account by Thursday, June 22, 2023. Check the Bizotic Commercial IPO allotment status.
The Bizotic Commercial IPO listing date is on Friday, June 23, 2023.
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