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.
Bizotic Commercial IPO Details
| IPO Date | Jun 12, 2023 to Jun 15, 2023 |
| Listing Date | [.] |
| 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 |
| Market Maker portion | 120,800 shares Beeline Broking |
Bizotic Commercial IPO Reservation
| 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 Timetable (Tentative)
Bizotic Commercial IPO opens on Jun 12, 2023, and closes on Jun 15, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Monday, 12 June 2023 |
| Closing Date | Thursday, 15 June 2023 |
| Basis of Allotment | Tuesday, 20 June 2023 |
| Initiation of Refunds | Wednesday, 21 June 2023 |
| Credit of Shares to Demat | Thursday, 22 June 2023 |
| Listing Date | Friday, 23 June 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jun 15, 2023 |
Bizotic Commercial IPO Lot Size
The Bizotic Commercial IPO lot size is 800 shares.
| 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 |
Company Financials
| 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 |
| Amount in ₹ Lakhs |
Objects of the Issue
The company intends to utilize the proceeds from the net issue for the following objects:
- Setting up Retail store
- Repayment of loan
- Working capital requirement
- General Corporate Purpose, and
- Meeting Public Issue Expenses.
Bizotic Commercial IPO Review (Avoid)
[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…
Bizotic Commercial IPO Subscription Status (Bidding Detail)
The Bizotic Commercial IPO is subscribed 0.04 times on Jun 12, 2023 1:14:00 PM. The public issue subscribed 0.04 times in the retail category, [.] times in the QIB category, and 0.04 times in the NII category. Check Day by Day Subscription Details (Live Status) Reload Subscription
| Category | Subscription (times) |
|---|---|
| NII** | 0.04 |
| Retail | 0.04 |
| Total | 0.04 |
Total Application : 59 (0.04 times)
**Market Maker portion is not included to NII/HNI.
Bizotic Commercial IPO Prospectus
Company Contact Information
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/
Bizotic Commercial IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/