Bizotic Commercial Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Bizotic Commer.

CMP

48.40

-0.77 (-1.57%)

₹175

Offer Price

₹ 42.21 Cr

Issue Size

₹ 1,40,000

Min Investment

800

Lot size

Time Line

  • 12
    Jun 2023
    Open
  • 15
    Jun 2023
    Close
  • 20
    Jun 2023
    Finalisation of Basis of Allotment
  • 21
    Jun 2023
    Initiation of Refunds
  • 22
    Jun 2023
    Transfer of Shares to Demat Account
  • 23
    Jun 2023
    Listing Date

Objects of the Offer

  • Strengthening our brands.

  • Expanding Geographic Reach.

  • Continued focus on innovative designs.

  • Strengthening our presence through e-commerce platform.

  • Our Manufacturing Process.

Strengths

  • Designing Capabilities.

  • Experienced management Team.

  • Established Marketing Setup and Diversified Customer Base.

  • Distribution Network.

  • Quality Product.

Risks

  • The company do not own its registered office.

  • Substantial portion of its revenues has been dependent upon the company few customers. The loss of any one or more of its major customers would have a material effect on the company business operations and profitability.

  • Out of Outstanding Debtors as on December 31, 2022 of Rs. 1345.18 Lakhs, the debtors outstanding for more than 3 years are Rs. 62.27 lakhs.

  • The company has not executed Franchisee Agreement with many of its Franchisees.

  • The company has not executed any agreement with any of its Job workers contractors.

Financials

All values in Cr

Mar-2023 Mar-2022 Mar-2023 3-Yr trend
Revenue 65.16 (22.00%) 48.36 (-) 31.86 (-34.10%)
Gross Profit 65.16 (22.00%) 48.36 (-) 31.86 (-34.10%)
Net Income 65.16 (22.00%) 48.36 (-) 31.86 (-34.10%)
Assets 65.16 (22.00%) 48.36 (-) 31.86 (-34.10%)
Liabilities 65.16 (22.00%) 48.36 (-) 31.86 (-34.10%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Bizotic Commercial Ltd 53.41 0.60 7.42 6.19 48.36 0.00 1,231.70 1.23 0.35
Trent Ltd 4,498.02 105.83 7,726.02 7,726.02 4.47 2.98 67.79 1.36 0.21
Bella Casa Fashion & Retail Ltd 205.81 11.16 162.53 162.53 16.02 9.79 60.69 6.86 0.80

Book Running Managers

  • Interactive Financial Services Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

8 Samet Business Park,
Nr Khokra Circle Khokra,
Ahmedabad - 380008
Phone : 91-79849 71501 Email : bizoticcommercialindia@gmail.com

Offer Related Information

Initial public issue of 24,12,000 equity shares of face value of Rs. 10/- each of Bizotic Commercial Limited ("BCL" or the "Company" or the "Issuer") for cash at a price of Rs. 175/- per equity share including a share premium of Rs. 165/- per equity share (the "Issue Price") aggregating to Rs. 42.21 crores ("The Issue"), of which 1,20,800 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 175/- per equity share including a share premium of Rs. 165/- per equity share... More

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