IPO Details
Bidding Dates
12 Jun '23 - 15 Jun '23
Minimum Investment
₹140,000 / 1 Lots (800 Shares)
Price Range
₹175 per share
Maximum Investment
₹140,000 / 1 Lots (800 Shares)
Retail Discount
Not Applicable
Issue Size
₹42.21 Cr
Investor category and sub category
To be announced
IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Jun 12, 2023
IPO Closing Date
Jun 15, 2023
Basis of Allotment
Jun 20, 2023
Initiation of Refunds
Jun 21, 2023
Credit of Shares to Demat Account
Jun 22, 2023
IPO Listing Date
Jun 23, 2023
IPO Subscription Details
| Date | NII | Retail | Total |
|---|---|---|---|
Day 1Jun 12, 2023 |
0.55 | 0.18 | 0.37 |
Day 2Jun 13, 2023 |
1.71 | 0.50 | 1.11 |
Day 3Jun 14, 2023 |
1.76 | 0.82 | 1.29 |
Day 4Jun 15, 2023 |
1.92 | 1.26 | 1.59 |
IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Non-Institutional Buyers | 1.92 |
| Retail Investors | 1.26 |
| Total | 1.59 |
About Bizotic Commercial Ltd. IPO
The company engages in designing, manufacturing, and marketing readymade garments that include men's formal, casual wear, winter wear, party clothes, ethnic, sportswear, etc.
The company caters to its customers through physical outlets and online channels. In the Rajasthan and Haryana regions, the company has 40 outlets under the brand name Urban United. The company offers itself as a one-stop shop for all types of men's clothing.It is currently exploring the new markets of Bihar and has opened its first store in the state. The company operates through a network of franchises and stores.
Bizotic Commercial Ltd. IPO Details
The size of Bizotic Commercial Ltd. is Rs. 4009.60 lakhs. The IPO shares will be available for Rs. 175 per share.
Bizotic Commercial Ltd. has filed a prospectus with SEBI. However, the issuer hasn't announced the final Bizotic Commercial Ltd. dates for bidding and listing.
Bizotic Commercial Ltd. IPO Objectives
The net proceeds from the fresh issues are to be utilised for the following.
- In establishing retail network and company-owned stores
- Repayment and prepayment of certain loans
- To meet long-term working capital requirements
Should you invest in Bizotic Commercial Ltd.?
- The Indian technical and automotive textile market is expected to grow from UA$2.4 billion in 2020 to US$ 3.7 billion in 2027.
- The company is expanding its number of stores and online presence by teaming with leading Indian digital commerce platforms.
- It offers a diversified product portfolio, specialising in men's wear.
Competitive Peers
Other listed players in the segment recognised by Bizotic Commercial Ltd. are Trent Ltd., Bella Casa Fashion and Retail Ltd., and Lorenzini Apparels Ltd.
IPO Financials
| Particulars | Period ending on December 31, 2022 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|
| Revenue from Operations | 3,748.26 | 5341.39 | 1,679.95 |
| Profit After Tax (PAT) | 290.28 | 59.57 | 34.08 |
| EPS | 5.37 | 595.69 | 340.79 |
| As on December 31, 2022 | As on March 31, 2022 | As on March 31, 2021 | |
| Total Assets | 3867.35 | 3670.68 | 1861.30 |
| Total Liability | 2738.03 | 3358.73 | 1749.64 |
Know before investing
Strengths
3-
There is an in-housing designing team that undertakes designing works as per the client’s preference.
-
Experienced management team.
-
It caters to a diversified customer base through an established marketing setup.
Risks
3-
A substantial amount of the company’s revenue comes from a few customers.
-
The company has issues with debtors and being unable to recover the outstanding debt will impact its operation and financial performance.
-
It hasn’t executed franchise agreements with many of its franchisees.
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Bizotic Commercial Ltd. IPO FAQs
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 Basis of Allotment date is fixed on June 20, 2023
The subscription window will open on June 12, 2023.
Retail investors can apply for a minimum of one lot.
You can check the IPO share allotment status from Angel One’s mobile app. Log in to the app and validate with OTP.
To check the allotment status, enter your application number, DP ID, and PAN number into the app.
Listing gains cannot be measured before the listing of the IPO on the stock exchange.
Under the new system, the bank will block the amount initially in your account. The money will be debited when the shares are allotted or the bank will unblock the amount after the UPI mandate expiry date.
Login to your UPI handle to approve the payment mandate and complete the IPO application process.
You can submit only one application using one PAN card.
