Bizotic Commercial Ltd. has announced public offering of 2412000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 165.00 per share. The gross proceeds of the issue are expected to be Rs 4,221.00 lakhs.
The company's initial public offer (IPO) will open on 12 June 2023 and is expected to close on 15 June 2023, subject to customary closing conditions.
The IPO includes a fresh Issue of 2412000 Equity Shares of the Company at an price of Rs 175.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 800 shares with bids in multiples of 800.
Bizotic Commercial Ltd. anticipates using the proceeds of the issue for .
Interactive Financial Services Ltd. as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.