Bizotic Commercial Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

12 Jun 2023

Close Date

15 Jun 2023

Allotment

20 Jun 2023

Listing Date

23 Jun 2023

Exchange

BSE SME

Price Band

₹175

Listing Price

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Allotment Status

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Price Band

₹175

Per share

Face Value

₹10 per share

Lot Size

800 Shares

per lot

Issue Size

24,12,000 shares (aggregating up to ₹42.21 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹140,000

1 lot

Pre-IPO Holding

56,28,000 shares

Promoters

Post-IPO Holding

80,40,000 shares

Promoters

P/E (Pre)

36.38x

EPS (Pre)

₹0.82

UPI Deadline

2023-06-15

Mandate

Anchor AllotmentSun, 11 Jun 2023

Basis of AllotmentTue, 20 Jun 2023

Refund InitiationWed, 21 Jun 2023

Demat CreditThu, 22 Jun 2023

Listing DayFri, 23 Jun 2023

UPI Mandate Deadline2023-06-15

Sale TypeFresh Capital

Net Offer to Public22,91,200 shares (aggregating up to ₹40.10 Cr)

Market Maker Quota1,20,800 shares (aggregating up to ₹2.11 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Bizotic Commercial Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 15 Jun 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	120,800	—	₹2.11
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	2,412,000	100%	₹42.21

IPO Shares Offered

Bizotic Commercial Ltd IPO total issue size: ₹42.21 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	120,800	₹2.11	5.01%
Total	2,412,000	₹42.21	100.00%

* Based on upper price band ₹175 per share

Lot Size & Investment

Lot Size

800

Shares per Lot

Issue Price

₹175.00

Upper Band

Min Investment

₹140,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	1,600	₹280,000
Retail (Max — 13 Lots)	13	10,400	₹1,820,000
S-HNI (Min — 14 Lots)	14	11,200	₹1,960,000
B-HNI (Min — 68 Lots)	68	54,400	₹9,520,000

* Issue Price ₹175 × Lot Size 800 shares

IPO Schedule

Anchor

11 Jun 2023

✓ Done

IPO Open

12 Jun 2023

✓ Done

IPO Close

15 Jun 2023

✓ Done

Allotment

20 Jun 2023

✓ Done

Refunds

21 Jun 2023

✓ Done

Demat Credit

22 Jun 2023

✓ Done

Listing Day

23 Jun 2023

✓ Done

₹175.00

INR · BSE

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Issue ₹175.00 Live Price

About Bizotic Commercial Ltd

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.

Objects of the Issue

Setting up Retail network by establishing company owned and company operated stores

Repayment of Loan

Long-term Working capital requirement

General Corporate Purposes

Bizotic Commercial Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹1,680.0

31-Mar-21

₹5,342.0

31-Mar-22

₹3,749.4

31-Dec-22

Profit After Tax (PAT)

₹34.1

31-Mar-21

₹59.6

31-Mar-22

₹290.3

31-Dec-22

Particulars	31-Dec-22	31-Mar-22	31-Mar-21
Revenue from Operations	3749.41	5341.98	1679.97
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	290.28	59.57	34.08
Net Worth	865.52	123.17	63.60
Total Assets	3972.95	3738.37	1897.65
Reserves & Surplus	302.72	122.17	62.60
Borrowings	369.40	256.48	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoNW

51.27%

Issue Structure & Shareholding

Total Shares Offered24,12,000 (100.00%)

Net Offer to Public22,91,200 shares (aggregating up to ₹40.10 Cr)

Reserved for Market Maker1,20,800 shares (aggregating up to ₹2.11 Cr)

Pre-Issue Promoter Holding56,28,000 shares

Post-Issue Promoter Holding80,40,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Interactive Financial Services Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Bizotic Commercial Ltd IPO subscribed? ▲

Bizotic Commercial Ltd IPO is subscribed 1.00 times by Jun 15, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Bizotic Commercial Ltd IPO retail subscription status? ▼

The Bizotic Commercial Ltd IPO retail category is subscribed 1.00 times as of 15 Jun 2023. The retail portion is oversubscribed.

How to subscribe Bizotic Commercial Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 12 Jun 2023 and closes 15 Jun 2023. Min investment: ₹140,000 (1 lot = 800 shares). UPI mandate: 2023-06-15.

How many times Bizotic Commercial Ltd IPO subscribed? ▼

The Bizotic Commercial Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Bizotic Commercial Ltd IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 20 Jun 2023. Refunds: on 21 Jun 2023.

When Bizotic Commercial Ltd IPO will be listed? ▼

The Bizotic Commercial Ltd IPO listing date is 23 Jun 2023, Friday. Listed on: BSE SME. Issue price: ₹175. Estimated listing: ₹175. GMP: NIL.

When Bizotic Commercial Ltd IPO close? ▼

The Bizotic Commercial Ltd IPO closes on 15 Jun 2023, Thursday. UPI mandate: 2023-06-15. Allotment: 20 Jun 2023. Listing: 23 Jun 2023.

Quick Actions

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Live Price LIVE

Last Price₹175.00

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Issue Price₹175.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹175

Face Value₹10

Lot Size800 Sh

Min. Amount₹140,000

GMPNIL

Est. Listing₹175

Subscribed1.00x

Open Date12 Jun 2023

Close Date15 Jun 2023

Allotment20 Jun 2023

Listing Date23 Jun 2023

ExchangeBSE SME

UPI Deadline2023-06-15