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 Opening Date | 12 June 2023 |
| IPO Closing Date | 15 June 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 24,12,000 Shares Worth ₹42.21 Crore Fresh Issue: 24,12,000 Shares Worth ₹42.21 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹175 |
| Market Lot | 800 Shares |
| Min Order | 800 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Bigshare Services Pvt Ltd |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Bizotic Commercial IPO – Date Schedule
| IPO Open Date | 12 June 2023 |
| IPO Close Date | 15 June 2023 |
| Basis of Allotment | 20 June 2023 |
| Initiation of Refund | 21 June 2023 |
| Credit of Shares to Demat Account | 22 June 2023 |
| IPO Listing Date | 23 June 2023 |
Bizotic Commercial IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 800 | 1,40,000 |
| Retail (Maximum) | 1 | 800 | 1,40,000 |
| HNI (Minimum) | 2 | 1600 | 2,80,000 |
Competitive Strengths
- Experience Management Team.
- Designing capabilities.
- Established Marketing Setup and Diversified Customer Base.
- Distribution Network.
- Quality Product.
- Success through Franchising.
Company Promoters
- Sanjay Gupta
- Sangita Aggarwala
Object Of The Issue
- Setting up Retail network.
- Repayment of Loan.
- Working capital requirement.
- General corporate purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 11.13 | 10.91 | 0.16 |
| 31 March 2021 | 16.79 | 16.32 | 0.34 |
| 31 March 2022 | 53.41 | 52.61 | 0.59 |
| 31 December 2022 | 37.49 | 33.44 | 2.90 |
Bizotic Commercial IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 69.99% |
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/ |
Bizotic Commercial IPO Lead Manager(s)
| 1. Interactive Financial Services Ltd |
Bizotic Commercial IPO FAQs
| What is Bizotic Commercial IPO? Bizotic Commercial IPO is a SME IPO. The issue is priced at ₹175 per equity share. The IPO is to be listed on BSE SME. |
| When Bizotic Commercial IPO will open? The IPO is to open on 12 June 2023 for NII and Retail Investors. |
| How to Bizotic Commercial IPO? You can apply Bizotic Commercial IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Bizotic Commercial IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Bizotic Commercial”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Bizotic Commercial IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Bizotic Commercial”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Bizotic Commercial IPO Size? Bizotic Commercial IPO size is ₹42.21 crores. |
| What is Bizotic Commercial IPO Price Band? Bizotic Commercial IPO Price Band is ₹175. |
| What is Bizotic Commercial IPO Minimum and Maximum Lot Size? The minimum bid is 800 Shares with ₹1,40,000 amount while the maximum bid is 800 shares with ₹1,40,000. |
| What is the Bizotic Commercial IPO Allotment Date? Bizotic Commercial IPO allotment date is 20 June 2023. |
| What is the Bizotic Commercial IPO Listing Date? Bizotic Commercial IPO listing date is 23 June 2023. The IPO is to list on BSE SME. |
