Bizotic Commercial IPO: Issue to open on June 12; Check price band, GMP other details here
Bizotic Commercial plans to raise ₹42.21 crore from the public issue that opens on June 12 and closes on June 15.
PremiumThe initial public offering (IPO) of Bizotic Commercial Ltd, readymade garments manufacturer, will open for subscription on June 12. The company designs, manufactures and markets readymade garments under the brand name Urban United.
Bizotic Commercial IPO is an SME IPO and a fixed price issue. The company’s products include men's Casual Wear, Formal Wear, Party Wear, Ethnic Wear, Fit Wear, Sports Wear, Comfort Wear, and Winter Wear. It offers its products through retail stores and e-commerce channels.
Listed below are some of the key things to know about the Bizotic Commercial IPO.
Bizotic Commercial IPO: Key things to know:
- Bizotic Commercial IPO opens on June 12 and closes on June 15.
- The total issue size of Bizotic Commercial IPO is ₹42.21 crore, consisting of a fresh issue of 24.12 lakh shares of face value of ₹10 each at a fixed price of ₹175 per share.
- The lot size for the public issue is 800 shares. The minimum investment amount for retail investors stands at ₹140,000.
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- The company will fix the basis of allotment of shares on June 20, while the refunds will be initiated on June 21. The credit of shares to the demat accounts of allottees will take place on June 22.
- Bizotic Commercial shares are likely to be listed on June 23 at BSE SME platform.
- The company intends to utilize the net issue proceeds for setting up retail store, repayment of loan, working capital requirement, general corporate purposes and meeting public issue expenses.
- Interactive Financial Services Ltd is the lead manager for the Bizotic Commercial IPO, while the registrar to the issue is Bigshare Services Pvt Ltd.
- Bizotic Commercial reported a net profit of ₹59.57 lakh upon a total revenue of ₹53.42 crore during the period ending March 2022.
Bizotic Commercial IPO GMP
Bizotic Commercial IPO GMP (grey market premium) on June 9 was ₹0, as per market observers. This means that the company’s shares may see a flat listing, without any premium or discount, as per today’s GMP.
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