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SME IPO Status: Listed [12th Jun 2023 to 15th Jun 2023]
Bizotic Commercial Limited is offering an IPO, issue size worth of Rs 42.21 Cr. The subscription period for this SME IPO is from 12 May, 2023 to 15 Jun, 2023. The face value of the shares is Rs 10 per share and the issue price is fixed at Rs 175 per share and the lot size is defined as 800 shares and its multiples.
Stay tuned for more information on Bizotic Commercial Limited IPO, including company overview, financials, live subscription, allotment, GMP and more.
| SME IPO Issue Opening Date: | 12th Jun 2023 |
| SME IPO Issue Closing Date: | 15th Jun 2023 |
| SME IPO Issue Price: | ₹175 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | Not less than 50.00% of the Offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹42.21 Cr |
| Fresh Issue: | ₹42.21 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| BSE Code: | 543926 |
Get important updates regarding Bizotic Commercial SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 20th Jun 2023 |
| Refunds Initiation* | 21st Jun 2023 |
| Credit of Shares to Demat* | 22nd Jun 2023 |
| SME IPO Listing Date* | 23rd Jun 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹175 |
| Market Lot: | 800 Shares |
| 1 Lot Amount: | ₹140000 |
| Min HNI Lots: | 1600 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 23-06-2023 | 175 | 1 | -- | ₹176 (0.57%) | 23-Jun-2023 10:28 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Bizotic Commercial Limited was established in 2016. The company engages in the manufacture, design and marketing of ready-to-wear clothing, offering a wide range of men's formal wear, casual wear, party wear, tailored wear, sports wear, comfort wear, ethnic wear and more.
The company serves its customers through retail stores and e-commerce. The manufacturing process includes cutting, sewing, finishing, testing and packaging of garments. Occasionally, all garment manufacturing is outsourced on a contract labour basis to third parties who are provided with technical specifications such as design, pattern, quality, fabric, etc. Products supplied by third parties are delivered to our warehouses/stores fully finished and packaged. However, they have not entered into a contract for work.
All products are sold under our brand name "URBAN UNITED" in their own stores or through franchisees. They have their own designers who develop new styles and finishes to meet the latest fashion trends. In a season, the team works on several designs, some of which are selected for the new season's collection. The core competency of the company lies in our understanding of the buying preferences and behaviour of our customers in the Indian market.
| Incorporation | Sector | IPO Issue Size | Website |
| 2016 | Fashion Industry | ₹42.21 Cr | https://urbanunited.in/ |
The company intends to utilize the proceeds from the net issue for the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 1,145,600 (50%) | 1,145,600 (50%) | 2,291,200 | |
| 1 | 12th Jun 2023 19:04 | 0.55x | 0.18x | 0.37x |
| 2 | 13th Jun 2023 19:04 | 1.71x | 0.50x | 1.11x |
| 3 | 14th Jun 2023 19:04 | 1.76x | 0.82x | 1.29x |
| 4 | 15th Jun 2023 19:04 | 2.00x | 1.74x | 1.87x |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 1,102.04 | 1,113.97 | 16.34 | 29.52 | 28.52 | |
| 31-Mar-21 | 1,897.65 | 1,679.97 | 34.08 | 63.60 | 62.60 | |
| 31-Mar-22 | 3,738.37 | 5,341.98 | 59.57 | 123.17 | 122.17 | 256.48 |
| 31-Dec-22 | 3,972.95 | 3,749.41 | 290.28 | 865.52 | 302.72 | 369.40 |
| Amount in ? Lakhs | ||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Bizotic Commercial Limited | 595.69 | 595.69 | 1231.66 | 0.29 | 48.36 | Standalone |
| Trent Limited | 7.02 | 7.02 | 765.13 | 192.33 | 9.27 | Standalone |
| Bella Casa Fashion and Retail Limited | 9.79 | 9.79 | 60.69 | 11.54 | 16.3 | Standalone |
| Loernzini Apparels Limited | 0.53 | 0.53 | 12.18 | 147.29 | 4.4 | Standalone |
Last Updated on 26-Jun-2023 09:00:14
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Bizotic Commercial SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Bizotic Commercial SME IPO with Zerodha.
Alternate approch to apply in Bizotic Commercial SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Bizotic Commercial SME IPO Review and Important Updates
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To subscribe or apply in Bizotic Commercial SME IPO, you can use the following methods:
| Bizotic Commercial SME IPO Applying Mode | Method | Details |
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Bizotic Commercial SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Bizotic Commercial SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Bizotic Commercial SME IPO. Most of the Syndicate Banks provide access to apply in Bizotic Commercial IPO via ASBA process. You must have your net banking access, DP ID information to apply in Bizotic Commercial SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Bizotic Commercial SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Bizotic Commercial SME IPO Review and Important Updates
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Bizotic Commercial SME IPO is going to be list on 23-06-2023. NSE Code for Bizotic Commercial is . BSE Code for Bizotic Commercial is 543926.
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Bizotic Commercial SME IPO Allotment Date is 20-06-2023.
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