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Bizotic Commercial IPO is a fixed price issue of Rs 42.21 crores. The issue is entirely a fresh issue of 24.12 lakh shares.
Bizotic Commercial IPO bidding started from June 12, 2023 and ended on June 15, 2023. The allotment for Bizotic Commercial IPO was finalized on Tuesday, June 20, 2023. The shares got listed on BSE SME on June 23, 2023.
Bizotic Commercial IPO price is ₹175 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹280,000.
Interactive Financial Services Ltd is the book running lead manager of the Bizotic Commercial IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Bizotic Commercial IPO is Beeline Broking.
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 |
| Price | ₹175 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 2,412,000 shares (aggregating up to ₹42.21 Cr) |
| Fresh Issue | 2,412,000 shares (aggregating up to ₹42.21 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 5,628,000 |
| Share holding post issue | 8,040,000 |
| Market Maker portion | 120,800 shares Beeline Broking |
Bizotic Commercial IPO offers 2,412,000 shares. 1,145,600 (47.50%) to NII, 1,145,600 (47.50%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 120,800 (5.01%) |
| Other Shares Offered | 1,145,600 (47.50%) |
| Retail Shares Offered | 1,145,600 (47.50%) |
| Total Shares Offered | 2,412,000 (100%) |
Bizotic Commercial IPO opens on June 12, 2023, and closes on June 15, 2023.
| IPO Open Date | Monday, June 12, 2023 |
| IPO Close Date | Thursday, June 15, 2023 |
| Basis of Allotment | Tuesday, June 20, 2023 |
| Initiation of Refunds | Wednesday, June 21, 2023 |
| Credit of Shares to Demat | Thursday, June 22, 2023 |
| Listing Date | Friday, June 23, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 15, 2023 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹140,000 |
| Retail (Max) | 1 | 800 | ₹140,000 |
| HNI (Min) | 2 | 1,600 | ₹280,000 |
| Lot Size Calculator | |||
Mr. Sanjay Gupta and Mrs. Sangita Aggarwala are the company promoters.
| Share Holding Pre Issue | 100% |
| 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 Rs 140.7 Cr.
| KPI | Values |
|---|---|
| RoNW | 51.27% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 0.82 | |
| P/E (x) | 36.38 |
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...
The Bizotic Commercial IPO is subscribed 1.87 times on June 15, 2023 7:02:00 PM. The public issue subscribed 1.74 times in the retail category, times in the QIB category, and 2.00 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.00 |
| Retail | 1.74 |
| Total | 1.87 |
Total Application : 3,063 (2.14 times)
| Listing Date | June 23, 2023 |
| BSE Script Code | 543926 |
| NSE Symbol | |
| ISIN | INE0OJ401014 |
| Final Issue Price | ₹175 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹175.00 |
| ₹180.00 |
| ₹171.00 |
| ₹182.00 |
| ₹171.00 |
Bizotic Commercial Limited
8, Samet Business Park,
Nr. Khokra Circle, Khokra,
Ahmedabad-380008
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
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Bizotic Commercial IPO is a SME IPO of 2,412,000 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 Shares.
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 Shares, and the minimum amount required is ₹140,000.
You can apply in Bizotic Commercial IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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