Issue Price
₹175
Per Share
GMP
NIL
Grey Market
Est. Listing
₹175
Expected Price
Min. Application
₹280,000
2 lots × 800 shares
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.
Bizotic Commercial Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 120,800 | — | ₹2.11 Cr | — |
| TOTAL | 2,412,000 | 100.00% | ₹42.21 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹140,000 |
| Retail (Max) | 13 | 10,400 | ₹1,820,000 |
| sNII (Min) | 14 | 11,200 | ₹1,960,000 |
| bNII (Min) | 68 | 54,400 | ₹9,520,000 |
| 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 |
| Total Borrowings | 369.40 | 256.48 | N/A |