Equity shares in Bizotic Commercial Limited will be issued via a fixed price issue in the company’s Initial Public Offering (IPO). The initial public offering (IPO) for Bizotic Commercial Limited is set for the week of June 12 – June 15, 2023.The issue is priced at ₹175 per share. The minimum order quantity is 800 Shares. With a face value of Rs. 10, each of the 2,412,000 shares up for sale in the IPO may bring in as much as 42.21 Cr. for the company. Let’s learn more about their initial public offering scheduled for June of 2023.
About Bizotic Commercial Limited
Established in 2016, Bizotic Commercial Limited operates as a ready-to-wear clothing manufacturer, designer, and marketer operating under the URBAN UNITED label. The company caters to both brick-and-mortar and online shoppers by providing a wide selection of clothing for men in a variety of formal, casual, party, fit, sports, comfort, ethnic, and seasonal styles.
The production procedure at Bizotic Commercial consists of cutting, stitching, sewing, finishing, inspecting, and packing. The company occasionally hires freelancers to produce all of its clothing, providing them with technical parameters like design, pattern, quality, fabric, etc. There are currently 17 franchised locations and 4 company-owned locations among various cities in Rajasthan and one in the neighboring state of Bihar. Jaipur, Jodhpur, Bhilwada, and Chittorgarh are the four cities in Rajasthan that are home to the four owned stores.
Bizotic Commercial Limited IPO Issue Details
| Issue Type | Fixed Price IPO Issue |
| Issue Opens | 12th June 2023 |
| Issue Closes | 15th June 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 175 Per Share |
| Issue Size | 2,412,000 Shares (Rs 42.21 crores) |
| Minimum Order Quantity | 800 Shares |
| Listing | BSE, SME |
Purpose of the Issue
The company plans to use the net issuance proceeds for the following purposes:
- Opening a Shop Front
- Obtaining a loan refund
- Working capital requirement
- Use for General Corporate Purposes
- Defraying the Cost of the Public Offering
Bizotic Commercial Limited — Company Contact Details
- Registered & Corporate Office: 8, Samet Business Park, Nr. Khokra Circle, Khokra, Ahmedabad-380008
- Telephone: +91 79849 71501
- Website: https://urbanunited.in/
Bizotic Commercial Limited IPO – Lead Managers of the Issue
Interactive Financial Services Ltd
- Office Address: A – 1006, Premium House, B/h Handloom House, Ashram Road, Ahmedabad – 380009
- Telephone: +91-79-2658 1240
- Email: info@iFinServices.com
Bizotic Commercial Limited IPO – Registrar of the Issue
Bigshare Services Pvt Ltd
- Telephone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: https://www.bigshareonline.com/
Bizotic Commercial Limited IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
Disclaimer: Investingly just provides basic information as update about the issues. Investingly never gives advices or recommendations to anyone. Investments into securities are subject to market risk. Please read the offer and issue documents carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
