Bizotic Commercial Ltd. IPO

Small CapManufacturerSME

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

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jun 12, 23

IPO Closing Date

Jun 15, 23

Basis of Allotment

Jun 20, 23

Initiation of Refunds

Jun 21, 23

Credit of Shares to Demat Account

Jun 22, 23

IPO Listing Date

Jun 23, 23

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

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
Revenue from Operations	3,748.26	5341.39
Profit After Tax (PAT)	290.28	59.57
EPS	5.37	595.69
	As on December 31, 2022	As on March 31, 2022
Total Assets	3867.35	3670.68
Total Liability	2738.03	3358.73

Know before investing

Strengths

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

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.

How to Apply in IPO
How to Check IPO Allotment Status

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Bizotic Commercial Ltd. IPO FAQs

What is Bizotic Commercial Ltd. IPO?

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.

When will Bizotic Commercial Ltd. IPO allotment be available?

The Basis of Allotment date is fixed on June 20, 2023

When will Bizotic Commercial Ltd. IPO open for subscription?

The subscription window will open on June 12, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

How to check the allotment status of Bizotic Commercial Ltd. IPO?

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.

What would be the listing gains on Bizotic Commercial Ltd. IPO?

Listing gains cannot be measured before the listing of the IPO on the stock exchange.

I have finished the application process for Bizotic Commercial Ltd. IPO, but the funds are not yet debited. What is the reason?

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.