Bizotic Commercial IPO will close on 15 June, will raise 42 Cr

Spread the love

Bizotic Commercial Limited Announces Opening of INR 42.21 Crore IPO on June 12, 2023.

Ahmedabad, India BIZOTIC Commercial Limited, an Ahmedabad-based company operating in the retail
sector, is pleased to announce the opening of its Initial Public Offering (IPO) on the SME platform of the
Bombay Stock Exchange (BSE). The IPO will open on June 12, 2023, and close on June 15, 2023.
BIZOTIC Commercial Limited aims to raise INR 42.21 crore from the primary market through this IPO on
the BSE SME platform. The company will offer its shares at a price of INR 175/- each in lots of 800. The
Lead Manager to the issue is INTERACTIVE FINANCIAL SERVICES LIMITED. BIZOTIC Commercial Limited,
previously incorporated as a Private Limited Company in 2016, became a Public Limited Company in
The promoters of BIZOTIC Commercial Limited, SANJAY GUPTA and SANGITA AGARWAL, come from a
family business background in fabrics and garments. With a shared vision and strong leadership, they
ventured into the clothing business, establishing Urban United in Rajasthan. BIZOTIC Commercial
Limited encompasses various business segments, including trading, retail, and wholesale.
Urban United, a brand under BIZOTIC Commercial Limited, has become a one-stop-shop solution for
Indian men. Offering international quality clothing at affordable prices, Urban United operates
numerous Exclusive Brand Outlets (EBOs), currently totaling 20 “Company Stores” and “Franchise”
stores, with this number continuously growing.
The management team of BIZOTIC Commercial Limited is comprised of experienced professionals who
have excelled in their respective fields. Mrs. INDERPREET KAUR, the Director, has 21 years of experience
in the garment and fabric business, specializing in design, quality production, and retail. Mr. MOHIT
AGARWAL, also a Director, brings over 25 years of experience in Finance and Risk Management.
Additionally, the Managing Director and Promoter, Mr. SANJAY GUPTA, boasts more than 30 years of
experience in the fabric industry, while Ms. SANGITA AGARWAL, another promoter, has over a decade of
experience in the textile and garments sector.

In terms of financial performance, BIZOTIC Commercial Limited generated an income of INR 53.41 crores
during the year 2021-2022, with a profit after tax of INR 59.57 Lakhs. As of December 2022, the
company achieved a total income of INR 37.48 crores and a profit after tax of INR 2.90 crores.
As an investor, there are several compelling reasons to consider BIZOTIC Commercial Limited such as
Potential Growth of company, Expansion of stores in COCO model, Strong Leadership and Management,
Customer Loyalty. Additionally, strong presence in the organized retail and wholesale industry further
reinforce the company’s present and future vision.
Investors are encouraged to review the detailed prospectus and consult with their financial advisors for
a comprehensive understanding of the investment opportunity presented by BIZOTIC Commercial

About Author

Leave a Reply

Your email address will not be published. Required fields are marked *