Bizotic Commercial Limited IPO : Important Information

Bizotic Commercial Limited IPO is set to launch on 12 June, 2023. The company initiated its business operations in the year 2016. It manufactures, markets, designs and sells readymade garments under the brand name of Urban United. Its product portfolio includes various products for men like Formal wear, Party Wear, Casual Wear, Sports Wear, Fit Wear, Ethnic Wear, Comfort Wear, Winter Wear etc. Its selling is done through retail stores as well as e-commerce platforms. 

The working of the company is done on a job work basis. It outsourced stitching, washing etc. phases of manufacturing its garments. It has more than 20 stores in Rajasthan and 1 other store in Bihar. Its 17 stores are working on a franchise basis and other 4 are handled by the company itself. The owned stores are located at Jaipur. Bhilwara, Jodhpur, Chittorgarh etc.

Bizotic Commercial Limited IPO DETAILS

Bizotic Commercial Limited IPO is set to launch on 12 June, 2023. The subscription timeline extends till 15 June, 2023. The size for the IPO is 42.21 Crore Rs. Shares issued through fresh issue mode are worth 42.21 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 800 shares and the price is 175 Rs per share. The company is going to get listed at BSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is BigShare Services Private Limited.

Tabular Description of Bizotic Commercial Limited IPO 

IPO OPENING DATE 12 June, 2023
CLOSING DATE FOR IPO 15 June, 2023
ISSUE TYPE Fixed Price Issue
Face Value per share 10 Rs. per share
IPO price band 175 Rs per share
LOT SIZE 800 shares
MINIMUM ORDER QUANTITY 800 shares
ISSUE SIZE 42.21 Crore Rs.
OFFER FOR SALE No shares are issued through Offer for sale mode
FRESH ISSUE 42.21 Crore Rs.
LISTING AT BSE SME
LISTING DATE 23 June, 2023

Bizotic Commercial Limited IPO : IMPORTANT DATES

IPO OPENING DATE 12 June, 2023
CLOSING DATE FOR IPO 15 June, 2023
IPO ALLOTMENT DATE 20 June, 2023
REFUNDS 21 June, 2023
DEMAT A/C CREDITED ON 22 June, 2023
IPO LISTING DATE 23 June, 2023

Bizotic Commercial Limited IPO begins for subscription from 12 June, 2023. The IPO subscription would continue till 15 June, 2023. The allotment status for the shareholders who applied would come on 20 June, 2023. The refunds for the ones who did not get allotment would be initiated on 21 June, 2023. The DEMAT accounts of shareholders would be credited on 22 June, 2023. The listing of the company would be accompanied on 23 June, 2023.

Bizotic Commercial Limited IPO : Lead Managers

The lead managers are :

  • Interactive Financial Services Limited

The minimum lot size for the company is decided at 800 shares. This holding accounts to 140000 Rs.. The maximum lot size is decided at 1600 shares (HNI). This amounts to 280000 Rs.. Hence the company’s final holdings would be set as :

  Shares Amount
Minimum 800 shares 140000 Rs.
Maximum 1600 shares 280000 Rs.

OBJECTIVES FOR THE IPO

  • IPO proceeds would be used for general corporate purposes.
  • The Issue proceeds will be utilised for fulfilling the working capital requirements.
  • The Money will be utilised for repayment of borrowings.
  • The Money will be utilised for expansion purposes like setting up of Retail Stores.

COMPANY FINANCIALS

Particularly (in Lakh Rs.) 2019-20 2020-21 2021-22
ASSETS 1102 1897 3738
Revenue 1113 1679 5341
PAT 16 34 59

Bizotic Commercial Limited had an asset base of 1102 Lakh Rs in 2020 which increased to 1897 Lakh Rs in 2021 and 3738 Lakh Rs in 2022. The revenue of the firm was 1113 Lakh Rs in 2020, 1679 Lakh Rs in 2021 and 5341 Lakh Rs in 2022. The profit of the firm was 16 Lakh Rs in 2020, 34 Lakh Rs in 2021 and 59 Lakh Rs in 2022.

PROS

  • Bizotic Commercial manufactures, markets, designs and sells readymade garments under the brand name of Urban United. 
  • Its product portfolio includes various products for men like Formal wear, Party Wear, Casual Wear, Sports Wear, Fit Wear, Ethnic Wear, Comfort Wear, Winter Wear etc. Its selling is done through retail stores as well as e-commerce platforms. 
  • The working of the company is done on a job work basis. It outsourced stitching, washing etc. phases of manufacturing its garments. 
  • It has more than 20 stores in Rajasthan and 1 other store in Bihar. Its 17 stores are working on a franchise basis and other 4 are handled by the company itself. The owned stores are located at Jaipur. Bhilwara, Jodhpur, Chittorgarh etc.

CONS

  • The company works into a very competitive segment.

Bizotic Commercial Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

  1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
  2. Click the Bizotic Commercial Limited IPO button and press the BID button.
  3. Entering the details asked for like UPI ID, Quantity and price.
  4. Submit the application form for the IPO.
  5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.

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