Bizotic Commercial IPO vs Kore Digital IPO

Comparision between Bizotic Commercial IPO and Kore Digital IPO.

IPO Details

Bizotic Commercial IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Kore Digital IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Bizotic Commercial IPO	Kore Digital IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Interactive Financial Services Ltd	First Overseas Capital Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Beeline Broking Ltd.	Nnm Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Bizotic Commercial IPO is up to ₹42.21 Cr whereas the issue size of the Kore Digital IPO is up to ₹18.00 Cr. The final issue price of Bizotic Commercial IPO is ₹175.00 per share and of Kore Digital IPO is ₹180.00 per share.

	Bizotic Commercial IPO	Kore Digital IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹175.00 per share	₹180.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	800 shares	800 shares
Fresh Issue Size	24,12,000 shares	10,00,000 shares
Fresh Issue Size (Amount)	up to ₹42.21 Cr	up to ₹18.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	24,12,000 shares	10,00,000 shares
Issue Size Total (Amount)	up to ₹42.21 Cr	up to ₹18.00 Cr

IPO Timetable

Bizotic Commercial IPO opens on Jun 12, 2023, while Kore Digital IPO opens on Jun 02, 2023. The closing date of Bizotic Commercial IPO and Kore Digital IPO is Jun 15, 2023, and Jun 07, 2023, respectively.

	Bizotic Commercial IPO	Kore Digital IPO
Anchor Bid Date
Issue Open	Jun 12, 2023	Jun 02, 2023
Issue Close	Jun 15, 2023	Jun 07, 2023
Basis Of Allotment (Tentative)	Jun 20, 2023	Jun 12, 2023
Initiation of Refunds (Tentative)	Jun 21, 2023	Jun 13, 2023
Credit of Share (Tentative)	Jun 22, 2023	Jun 14, 2023
Listing date (Tentative)	Jun 23, 2023	Jun 14, 2023
Anchor Lockin End date 1	Jul 20, 2023	Jul 12, 2023
Anchor Lockin End date 2	Sep 18, 2023	Sep 10, 2023

Financials

Bizotic Commercial IPO P/E ratio is 36.38, as compared to Kore Digital IPO P/E ratio of 17.86.

Bizotic Commercial IPO

Kore Digital IPO

Financial

Bizotic Commercial Limited Financial Information (Restated)
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

Kore Digital Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	188.66	87.61	1.82	8.21	7.21
31-Mar-21	584.81	397.90	25.93	34.14	33.14	21.96
31-Mar-22	1,441.57	1,694.45	217.97	252.11	251.11	17.72
31-Dec-22	1,573.07	1,195.71	253.92	506.02	254.02	184.18
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

99.70%

Promoter Shareholding (Post-Issue)

71.38%

P/E Ratio

36.38

17.86

Market Cap

₹140.70 Cr.

₹63.36 Cr.

ROE

0.67%%

ROCE

0.49%%

Debt/Equity

0.36

EPS

₹0.82

₹10.08

RoNW

51.27%%

50.18%%

Shares Offered

In the Bizotic Commercial IPO retail investors (RII) are offered 11,45,600 shares while in Kore Digital IPO retail investors are offered 11,45,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in Bizotic Commercial IPO and 0 shares in Kore Digital IPO.

	Bizotic Commercial IPO	Kore Digital IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,20,800 shares	52,000 shares
QIB	0 shares	0 shares
NII	11,45,600 shares	4,74,000 shares
RII	11,45,600 shares	4,74,000 shares
Employee	0 shares	0 shares
Others
Total	22,91,200 shares	9,48,000 shares

Bids Received (Subscription)

Bizotic Commercial IPO subscribed 1.87x in total, whereas Kore Digital IPO subscribed 41.56x.

	Bizotic Commercial IPO	Kore Digital IPO
QIB (times)
NII (times)	2.00x	49.67x
Big NII (times)
Small NII (times)
RII (times)	1.74x	33.26x
Employee (times)
Other (times)
Total (times)	1.87x	41.56x

Compare with others

Bizotic Commercial IPO	Kore Digital IPO
Kaka Industries IPO	Cell Point (India) IPO
Aatmaj Healthcare IPO	Bizotic Commercial IPO
Essen Speciality Films IPO	Urban Enviro Waste Management IPO
Vilin Bio Med IPO	Cosmic CRF IPO
Cell Point (India) IPO	Sonalis Consumer Products IPO
Urban Enviro Waste Management IPO	Sahana System IPO
Cosmic CRF IPO	CFF Fluid Control IPO
Sonalis Consumer Products IPO	Comrade Appliances IPO
Kore Digital IPO	Infollion Research Services IPO
Sahana System IPO	Proventus Agrocom IPO

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