Bizotic Commercial Limited

Company Profile
Company Name Bizotic Commercial Limited
Open Date 12-06-2023
Close Date 15-06-2023
Exchange BSE SME
Lot Size 800 Shares
Issue Price ₹175 per share
Issue Size 24,12,000 Equity Shares
Application Amount ₹ 1,40,000
Recommendation Avoid
Company is 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. Company serves customers through the channels of retail stores and e-commerce. Garment manufacturing process includes cutting, stitching, sewing, finishing, inspection and packing. Company 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. In initial days, the Company was in business of trading of Fabric, based in Ahmedabad only. Within a year they started manufacturing and trading of garments in Rajasthan.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 dec-22
Total Assets 1,897.65 3,738.37 3,872.95
Net Assets 63.60 123.17 865.52
Total Borrowings 84.42 256.48 369.39
Total Revenue 1,679.97 5,341.97 3,748.26
Profit After Tax 34.08 59.57 290.28

Tentative Timeline

Opening Date 12-06-2023
Closing Date 15-06-2023
Basis of Allotment 20-06-2023
Initiation of Refunds 21-06-2023
Credit of Shares to Demat 22-06-2023
Listing Date 23-06-2023

Objects of the Issue

Setting up Retail store
Repayment of loan
Working capital requirement
General Corporate Purpose
Meeting Public Issue Expenses

Contact Information

Registered Office Bizotic Commercial Limited 8, Samet Business Park, Nr. Khokra Circle, Khokra, Ahmedabad-380008
Phone +91 79849 71501

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

Market Maker Shares Offered 1,20,800 (5.01%)
Other Shares Offered 11,45,600 (47.50%)
Retail Shares Offered 11,45,600 (47.50%)
Total Shares Offered 24,12,000 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 69.99%

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