Bizotic Commercial IPO will open for subscription from 12 June 2023. the company aims for an issue size of ₹42.21 Cr through this IPO.
Company Overview
| Full name | Bizotic Commercial Limited |
| Sector | Trading |
| Industry | Trading |
| Company Website | https://urbanunited.in/ |
About Company
Incorporated in 2016, Bizotic Commercial 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 the channels of retail stores and e-commerce.
The company’s garment manufacturing process includes cutting, stitching, sewing, finishing, inspection, and packing. It outsources the entire garment 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.
As on March 2023, Bizotic Commercial has 20 stores in different cities of Rajasthan and 1 in Bihar out of which, 17 stores are on a franchisee basis and 4 stores are owned by the company, itself. It owned 4 stores located at Jaipur, Jodhpur, Bhilwara, and Chittorgarh in Rajasthan.
The Objective of the Issue
- Setting up Retail store
- Repayment of loan
- Working capital requirement
- General Corporate Purpose, and
- Meeting Public Issue Expenses.
IPO Timetable
| IPO Opening date | 12 June 2023 |
| IPO Closing | 15 June 2023 |
| Basis of Allotment | 20 June 2023 |
| Initiation Refund | 21 June 2023 |
| Credit to Demat Account | 22 June 2023 |
| Listing Date | 23 June 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹42.21 Cr – 2,412,000 shares |
| Fresh Issue | ₹42.21 Cr – 2,412,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹175 per share |
| Lot size | 800 Shares |
| Retail Allocation | 50% |
| Listing Exchange | BSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹140,000 |
| Retail (Max) | 1 | 800 | ₹140,000 |
| HNI (Min) | 2 | 1,600 | ₹280,000 |
Reservation Details
| Market Maker portio | 120,800 shares |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | 9M FY 2023 | |
| Revenue | 1,113.64 | 1,679.95 | 5,341.39 | 3,748.26 |
| Expenses | 1,091.37 | 1,632.38 | 5,261.35 | 3,344.78 |
| Net income | 16.34 | 34.08 | 59.57 | 290.28 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 0.30 | 0.63 | 1.11 |
| PE ratio | – | – | 157.66 |
| RONW (%) | 55.34 | 53.59 | 48.36 |
| NAV | 0.55 | 1.18 | 2.29 |
| ROCE (%) | 24.0 | 38.0 | 22.0 |
| EBITDA (%) | 2.80 | 4.08 | 1.72 |
| Debt/Equity | 2.59 | 1.33 | 2.08 |
Company Promoters
- Sanjay Gupta
- Sangita Aggarwala
Promoter Holding
| Pre Issue Share Holding | – |
| Post Issue Share Holding | – |
Lead Manager(s)
INTERACTIVE FINANCIAL SERVICES LIMITED
612, 6th Floor, Shree Balaji Heights,
Kokilaben Vyas Marg, Ellisbridge,
Ahmedabad – 380 009, Gujarat, India
Phone: 079 46019796
Email: mbd@ifinservices.in
Website: www.ifinservices.in
IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Details
BIZOTIC COMMERCIAL LIMITED
8, Samet Business Park, Nr. Khokra Circle,
Khokra, Ahmedabad-380008, Gujarat, India
Phone: +91 79849 71501
E-mail: bizoticcommercialindia@gmail.com
Website: www.urbanunited.in
Allotment Status
Bizotic Commercial IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Bizotic Commercial IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
