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Bizotic Commercial Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Bizotic Commercial Ltd IPO

Registered Office: 8 Samet Business Park,Nr Khokra Circle Khokra , Ahmedabad - 380008 , Gujarat , India.
Phone : 91-79849 71501   Fax:
Email :  bizoticcommercialindia@gmail.com  
Website :  NA
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 aggregating to (Rs)2.11 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e., net issue of 22,91,200 equity shares of face value of (Rs)10/- each at a price of (Rs)175/- per equity share aggregating to (Rs)40.10 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 30.00% and 28.50% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is (Rs)10 each and the issue price is 17.50 times of the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
12-Jun-23 15-Jun-23 (Rs)175.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :800  Further Multiples of :800

  (Rs Cr) Lead Managers to the Issue
Project Cost 38.61
Interactive Financial Services Ltd
Project Financed through Current Offer 42.21  
Post Issue Equity Share Capital 8.04  
Issue Price (Rs)175.00  
 
Projects
Setting up Retail network by establishing company owned and company operated stroesLong-term Working capital requirement
Repayment of LoanGeneral corporate purposes
Promoted By
Sanjay Gupta  
Sangita Aggarwala  
Listing At
BSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd