Bizotic Commercial IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Jun 15, 2023Let’s have a detailed review of the company and analytics of the Bizotic Commercial IPO release date, IPO offer price, subscription, Bizotic Commercial Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 175 |
| Listing At | BSE, SME |
| Min. Order Quantity | 800 Shares |
| Listing Date | 23 June 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 4,221 Lakh |
| IPO Size | Rs 4,221 Lakh |
| Tick Size | 1 |
Bizotic Commercial IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Bizotic Commercial Share Price |
Bizotic Commercial IPO – Summary
Their Company’s promoters, Sangita Aggarwala and Sanjay Gupta, Managing Director, are in the field of garment since their teenage, as their family business is also in the garment industry. Sangita Aggarwala married a man, who also belongs to the garment industry.
In 2016, Sangita Aggarwala along with her brother Sanjay Gupta decided to start their own business rather than continue in the family business in the garments industry only. In the initial days of the Company, they were in the business of trading Fabric, based in Ahmedabad only.
The Promoter of this company is ANJAY GUPTA AND SANGITA AGGARWALA. The lead manager of the issue is INTERACTIVE FINANCIAL SERVICES LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Bizotic Commercial IPO Date
The opening and closing dates of Bizotic Commercial IPO are 12 June 2023 and 15 June 2023 respectively.
Bizotic Commercial IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 12th Jun | 0.55x | 0.18x | 0.37x |
| 2nd Day – 13th Jun | 1.71x | 0.50x | 1.11x |
| 3rd Day – 14th Jun | 1.76x | 0.82x | 1.29x |
| 4th Day – 15th Jun | 2.00x | 1.74x | 1.87x |
| Shares Offered or Net Issue | 1,145,600 | 1,145,600 | 2,412,000 |
The shares subscribed by the public will be updated here.
Bizotic Commercial IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares are pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Bizotic Commercial Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | 20 June 2023 |
| Refunds Initiation | 21 June 2023 |
| Credit of Shares to Demat Account | 22 June 2023 |
| Share Listing Date | 23 June 2023 |
Bizotic Commercial IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.175
Bizotic Commercial IPO Equity Size
This Initial Public Issue of 2,412,000 Equity Shares of Rs.10 each for cash at a price of Rs.175 per equity share aggregating to Rs.4,221 Lakh.
Bizotic Commercial IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,412,000 Equity Shares of Rs.10/ each.
Issue Size: 2,412,000 Equity Shares of Rs.10 each, aggregating to Rs.4,221 Lakh
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Bizotic Commercial IPO – Live Performance
The listing date of this IPO is 23 June 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Bizotic Commercial Share Price |
Bizotic Commercial IPO Grey Market Premium
The Bizotic Commercial Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Bizotic Commercial IPO – Company Overview
They are engaged in the business of manufacturing, designing and marketing readymade garments offering a diverse range of men’s f Formal Wear, Casual Wear, Party Wear, Fit Wear, Sports Wear, Comfort Wear, Ethnic Wear, and Winter Wear.
They serve their customers through the channels of retail stores and e-commerce. Their garment manufacturing process includes cutting, stitching, sewing, finishing, inspection and packing.
They outsource the entire garments manufacturing on a job work basis from third-party contractors from time to time and provide the technical specifications such as designs, pattern, quality, fabric etc. to them who, based on their specifications, procure the requisite raw materials at their own costs and begin the manufacturing process.
The products delivered to them from third-party contractors are completely finished and packaged in their warehouses/stores. However, they have not entered into a Job work agreement.
Bizotic Commercial IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 31-Dec-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 3972.95 |
3738.37
|
1,897.65
|
1,102.04
|
| *Total Revenue | 3749.41 |
5341.98
|
1679.97
|
1113.97
|
| Total Expense | 3344.78 | 5261.35 |
1632.38
|
1091.37
|
| Profit After Tax | 290.28 |
59.57
|
34.08
|
16.34
|
Earnings per Equity Share (in Lakh)
| 31-Dec-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted |
5.37
|
1.11
|
0.63
|
0.30
|
Further, their PAT for the period ended on Dec 31, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 290.28 Lakh, Rs. 59.57 Lakh, Rs. 34.08 Lakh and Rs. 16.34 Lakh respectively.
Bizotic Commercial IPO – Promoters
The Promoter of this company is:
- ANJAY GUPTA
- SANGITA AGGARWALA
List of Related Parties (Key Managerial Personnel)
- Sanjay Gupta, Managing Director
- Inderpreet Kaur Gulati, Executive Director & CFO
- Mohit Agarwal, Non-Executive Director
- Avani Shah, Non-Executive – Independent Director
- Hareshkumar Suthar, Non-Executive – Independent Director
Bizotic Commercial IPO – Promoters Holding
- Pre-Issue Share Holding – %
- Post-Issue Share Holding – %
Bizotic Commercial IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 2,412,000 Equity Shares aggregating up to Rs.4,221 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,20,800 Equity Shares aggregating up to Rs.211.40 Lakh |
| Net Issue to the Public | Up to 22,91,200 Equity Shares aggregating up to Rs.175.00 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 11,45,600 Equity Shares |
| Other than Retail Individual Investors | Not more than 11,45,600 Equity Shares |
| Equity Shares outstanding prior to the Issue | 56,28,000 Equity Shares |
| Equity Shares outstanding after the Issue | 80,40,000 Equity Shares |
Bizotic Commercial IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
-
Setting up Retail stores
-
Repayment of loan
-
Working capital requirement
-
General Corporate Purpose,
-
Meeting Public Issue Expenses
Bizotic Commercial IPO – Business Strategy
-
Strengthening their brands
-
Expanding Geographic Reach
-
Continued focus on innovative designs
-
Strengthening their presence through an e-commerce platform
Bizotic Commercial IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
-
Experience Management Team
-
Designing capabilities
-
Established Marketing Setup and Diversified Customer Base
-
Distribution Network
-
Quality Product
-
Success through Franchising
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 |
1.11
|
48.36
|
2.29
|
| 31-Mar-21 |
0.63
|
53.59
|
– |
| Mar-20 |
0.30
|
48.36
|
– |
Bizotic Commercial IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Bizotic Commercial Limited | 10 |
0.29
|
595.69
|
48.36
|
3749.40
|
| Listed Peers | |||||
| Trent Limited | 1 |
192.33
|
7.02
|
9.27
|
38807.30
|
|
Bella Casa Fashion and
Retail Limited
|
10 |
11.54
|
9.79
|
16.30
|
20638.35
|
|
Loernzini Apparels
Limited
|
10 |
147.29
|
0.53
|
4.40
|
2459.17
|
Bizotic Commercial IPO Lead Managers
| Lead Managers |
| INTERACTIVE FINANCIAL SERVICES LIMITED Address: 612, 6th Floor, Shree Balaji Heights, Kokilaben Vyas Marg, Ellisbridge, Ahmedabad – 380 009, Gujarat, India Tel No.:079 46019796(M) +91-9898055647 Web Site : www.ifinservices.inEmail:mbd@ifinservices.in Investor Grievance Email: info@ifinservices.in Contact Person: Pradip Sandhir SEBI Reg. No.:INM000012856 |
Bizotic Commercial IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Address: Office No. S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East), Mumbai – 400093 Tel No: +91 22-62638200 Fax No +91 22-62638299 Website: www.bigshareonline.com E-Mail: ipo@bigshareonline.com Investor Grievance Email: investor@bigshareonline.com Contact Person: Sagar Pathare SEBI Reg. No.: INR000001385 |
Bizotic Commercial IPO – Other Details
- Statutory Auditor – M/s D G M S & Co, Chartered Accountants
- Legal Counsel to the Company – Mauleen N. Marfatia
- Bankers to the Company – Indusind Bank
Bizotic Commercial IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Bizotic Commercial Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Bizotic Commercial IPO Review FAQs
Check out various FAQs related to Bizotic Commercial IPO:
What is the Issue Size of Bizotic Commercial IPO?
The Company is making an initial public offer of 2,412,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of a Bizotic Commercial IPO?
The price band for this particular IPO ranges between Rs 175. As far as the face value of the share is of concern, it is Rs. 10 per share.
What is the Bizotic Commercial IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on 12 June 2023, while the closing date is set at 15 June 2023.
What is the Bizotic Commercial IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on 20 June 2023, refund initiation is on 21 June 2023, credit of shares is on 22 June 2023, and share listing date is on 23 June 2023.
What is the Bizotic Commercial IPO Listing Date?
Shares of this company shall be listed in the exchanges on 23 June 2023. The date, when the listing would be done, is stagnant on 23 June 2023.
Who is the Registrar of Bizotic Commercial IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Bizotic Commercial IPO?
Here are the promoters of this IPO – ANJAY GUPTA AND SANGITA AGGARWALA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Bizotic Commercial IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Bizotic Commercial IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Bizotic Commercial Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 59.57, 2021 is 34.08, and 2020 is 16.34. PAT from Dec 2022 is 290.28.
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