Bizotic Commercial Ltd - IPO

Bizotic Commercial Ltd IPO Details

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.

Objective of issue

Setting up Retail network by establishing company owned and company operated stroes. Repayment of Loan. Long-term Working capital requirement. General corporate purposes.

Bizotic Commercial Ltd Contact Details

Bizotic Commercial Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - bizoticcommercialindia@gmail.com