Bizotic Commercial Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,145,600 (48%) | — | ₹2,005 Cr |
| Retail | — | 1,145,600 (48%) | — | ₹2,005 Cr |
| Market Maker | — | 120,800 (5%) | — | ₹21 Cr |
| Σ Total | — | 2,412,000 (100%) | — | ₹42,210 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹140,000 |
| Retail (Max) | 13 | 10,400 | ₹1,820,000 |
| S-HNI (Min) | 14 | 11,200 | ₹1,960,000 |
| B-HNI (Min) | 67 | 53,600 | ₹9,380,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31-Dec-22 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Revenue | 3,749 | 5,342 | 1,680 |
| Profit After Tax | 290 | 60 | 34 |
| Net Worth | 866 | 123 | 64 |
| Total Assets | 3,973 | 3,738 | 1,898 |
| Reserves & Surplus | 303 | 122 | 63 |
| Total Borrowing | 369 | 256 | — |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Setting up Retail network by establishing company owned and company operated stores – 4.50
- Repayment of Loan – 1.80
- Long-term Working capital requirement – 22.70
- General Corporate Purposes – 9.61
Company Overview
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.