June 23, 2023
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Bizotic Commercial IPO Particulars & Guidance at Chanakyanipothi.com,
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Bizotic Commercial IPO Listing:
Compared to issue price of Rs. 175, the scrip listed at Rs. 180, marginal premium.
Bizotic Commercial IPO Review:
Post bonus issue, Upper Price/last EPSis very high at 157.66. The IPO size is also large. Not much fancy in the grey market. May Avoid.
What is the GMP of Bizotic Commercial IPO?
Click for latest GMP
Bizotic Commercial IPO Subscription Status
On 15 June 2023 @ 5.00 (Closed)
NII: 1145600 Shares 02.00 T
RII: 1145600 Shares 01.74 T
Total: 2291200 Shares 01.87 T
Bizotic Commercial IPO Particulars & Guidance:
About the business
The 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 garment industry. Sangita Aggarwala, married a man, who also belongs to the garment industry.
The company engaged into the business of manufacturing, designing and marketing of readymade garments offering diverse range of men’s Formal Wear, Casual Wear, Party Wear, Fit Wear, Sports Wear, Comfort Wear, Ethnic Wear, Winter Wear. It serves its customers through the channels of retail stores and e-commerce. Its garment manufacturing process includes cutting, stitching, sewing, finishing, inspection and packing. It outsources the entire garments manufacturing on job work basis from third party contractors from time to time and provides the technical specifications such as designs, pattern, quality, fabric etc. to them who, based on our specifications, procure the requisite raw materials at their own costs and begin the manufacturing process. The products delivered to us from third party contractors are completely finished and packaged to its warehouse/stores.
However, it has not entered into Job work agreement.
The company opened our first outlet in the Financial Year 2017-2018, on its own brand name “URBAN UNITED” in Ajmer, Rajasthan. From 2017 to 2020, it has opened approx our 40 outlets on franchisee basis in Rajasthan and Haryana Only. Because of the adverse impact of Covid -19 Lock down, many of its Franchisee holders cannot sustained due to heavy rent charges of the stores. Almost 28 franchised stores on rented premises were closed in Covid-19 period. Get more information about the company @ www.stmpl.co.in
| Bizotic Commercial IPO Details | |
| IPO opens on Tentative | 12 June 2023 |
| IPO closes on | 15 June 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2412000 Sh /Rs 42.21Cr |
| * Fresh Issue | 2412000 Sh /Rs 42.21 Cr |
| * Offer for Sale | -Sh /Rs – Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs.175 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 800 Shares |
| Listing will at | BSE SME |
| Shares offered to | ||
| Shares | Rs. (Cr) | |
| QIB (0%) | – | – |
| NII (50%) | 1145600 | 20.05 |
| RII (50%) | 1145600 | 20.05 |
| Total Shares | 2291200 | 40.10 |
| Retail portion will be oversubscribed by | 1432 | |
| Forms | ||
| How much Shares to Apply in Bizotic Commercial IPO? | ||
| Min Retail Application | 800 Sh | Rs. 140000 |
| Min HNI Application | 1600 Sh | Rs.280000 |
Who are the Promoters of Bizotic Commercial IPO?
Sanjay Gupta and Sangita Aggarwala
What are the Objects of Bizotic Commercial IPO?
The Company proposes to utilize the Net Proceeds from the Issue
1. Setting up Retail stores
2. Repayment of loan
3. Working capital requirement
4. General Corporate Purpose,
5. Meeting Public Issue Expenses
| IPO Tentative timetable | |
| IPO opens on | 12 June 2023 |
| IPO Closes on | 15 June 2023 |
| IPO Allotment on | 20 June 2023 |
| Unblocking of ASBA | 21 June 2023 |
| Credit of Shares | 22 June 2023 |
| Listing on | 23 June 2023 |
| Registered Office of the Company 8, Samet Business Park, Nr. Khokra Circle, Khokra, Ahmedabad-380008, Gujarat, India |
| Who are the Lead Managers of Bizotic Commercial IPO? |
| INTERACTIVE FINANCIAL SERVICES Ltd |
| Who is the Registrar to IPO? |
| BIGSHARE SERVICES Pvt. Ltd |
| IPO Financial & Analytical Ratios (*EPS&BV, post bonus issue) | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2019-20 | 11.14 | 0.16 | 0.30 | 55.34 |
| 2020-21 | 17.09 | 0.34 | 0.63 | 53.59 |
| 2021-22 | 53.31 | 0.60 | 1.11 | 48.36 |
| BV* of the Share on | 31.03.2022 | Rs.2.29 | ||
| Book Value of the Share | after the IPO | Rs.- | ||
| Offer Price | Rs. 175 | |||
| Spectrum Talent Management Key Performance indicators |
|
| Upper Price/last EPS* | 157.66 |
| Upper price/BV Ratio* | 76.72 |
| Upper price/BV after IPO | – |
–
IPO Particulars & Guidance
Peer Comparison:
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| The IPO Company | 10 | ||
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