Fixed Price IPO | ₹42 Cr | Listed at BSE SME | Mon, Jun 12, 2023 - Thu, Jun 15, 2023
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Jun 12, 2023
IPO Close
Thu, Jun 15, 2023
Issue Price
₹175 per share
Market Cap (Pre-IPO)
₹140.70 Cr
| IPO Date | 12 to 15 Jun, 2023 |
| Listed on | Fri, Jun 23, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹175 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 24,12,000 shares (agg. up to ₹42 Cr) |
| Reserved for Market Maker | 1,20,800 shares Beeline Broking Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 22,91,200 shares (agg. up to ₹40 Cr) |
| Net Offered to Public | 22,91,200 shares (agg. up to ₹40 Cr) |
| Share Holding Pre Issue | 56,28,000 shares |
| Share Holding Post Issue | 80,40,000 shares |
| BSE Script Code | 543926 |
| ISIN | INE0OJ401014 |
Bizotic Commercial IPO comprises a total issue size of 24,12,000 shares. The net offer to the public is 22,91,200 shares, after excluding 1,20,800 shares allotted on a firm basis. Of the Net offer 11,45,600 (50.00%) allocated to NII 11,45,600 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 11,45,600 | 50.00% | 47.50% |
| Retail Shares Offered | 11,45,600 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,20,800 | 5.01% | |
| Total Shares Offered | 24,12,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 800 shares and in multiples thereof.
| 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 |
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 | 31 Dec 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 39.73 | 37.38 | 18.98 | 11.02 |
| Total Income | 37.49 | 53.42 | 16.80 | 11.14 |
| Profit After Tax | 2.90 | 0.60 | 0.34 | 0.16 |
| NET Worth | 8.66 | 1.23 | 0.64 | 0.30 |
| Reserves and Surplus | 3.03 | 1.22 | 0.63 | 0.29 |
| Total Borrowing | 3.69 | 2.56 | ||
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up Retail network by establishing company owned and company operated stores | 4.50 |
| 2 | Repayment of Loan | 1.80 |
| 3 | Long-term Working capital requirement | 22.70 |
| 4 | General Corporate Purposes | 9.61 |
| KPI | |
|---|---|
| RoNW | 51.27% |
| PAT Margin | 1.00% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.82 | |
| P/E (x) | 36.38 | |
| Promoter Holding | 100% | |
| Market Cap | ₹140.70 Cr. |
The Bizotic Commercial IPO is subscribed 1.87 times on June 15, 2023 7:02:00 PM (Day 4). The public issue subscribed 1.74 times in the retail category, [.] times in the QIB category, and 2 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2 | 11,45,600 | 22,92,000 |
| Retail | 1.74 | 11,45,600 | 19,88,800 |
| Total | 1.87 | 22,91,200 | 42,80,800 |
Total Application : 3,063
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission. | 0.24 |
| 2 | Brokerage, selling commission and Marketing | 3.00 |
| 3 | Registrar to the Issue | 0.01 |
| 4 | Legal Advisors | 0.03 |
| 5 | Advertising and marketing expenses | 0.05 |
| 6 | Regulators including stock exchanges | 0.12 |
| 7 | Printing and distribution of issue stationary | 0.03 |
| 8 | Others (Market Making fees etc.) | 0.12 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹175.00 |
| Open | ₹180.00 |
| Low | ₹171.00 |
| High | ₹182.00 |
| Last Trade | ₹171.00 |
Lead Manager Reports
Bizotic Commercial IPO is a SME IPO of 24,12,000 equity shares of the face value of ₹10 aggregating up to ₹42 Crores. The issue is priced at ₹175 per share. The minimum order quantity is 800.
The IPO opens on Mon, Jun 12, 2023, and closes on Thu, Jun 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 Mon, Jun 12, 2023 and closes on Thu, Jun 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 Thu, Jun 22, 2023. Check the Bizotic Commercial IPO allotment status.
The Bizotic Commercial IPO listing date is on Fri, Jun 23, 2023.
