What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Bizotic Commercial Limited IPO allotment date?

The basis of allotment for Bizotic Commercial Limited IPO is scheduled to be finalized on 20 Jun 2023.

Where can I check Bizotic Commercial Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Bigshare Services Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 21 Jun 2023.

IPO GreyPremiumLIVE

Grey Market Intelligence

Bizotic Commercial Limited

ListedSME

Retail & Consumer Goods · BSE

Incorporated in 2016, Bizotic Commercial Limited is engaged in manufacturing, designing, and marketing readymade garments under its in-house brand “URBAN UNITED.” The company offers a wide range of men’s apparel, including formal wear, casual wear, party wear, sportswear, ethnic wear, and winter wear, available through both retail stores and online platforms. Bizotic outsources its garment manufacturing to third-party contractors while providing complete technical specifications such as design, fabric, and quality standards. It operates 21 stores — 17 franchise-based and 4 company-owned — across Rajasthan and Bihar, with owned outlets located in Jaipur, Jodhpur, Bhilwara, and Chittorgarh.

Price Band

₹175

Issue Size

₹42.21 Cr

Lot Size

800 shares

GMP

₹2

+1.1%

Est. Listing

₹177

at current GMP

Subscribed

1.87x

overall

Open

12 Jun 2023

15 Jun 2023

Allotment

20 Jun 2023

Refund

21 Jun 2023

Demat Credit

22 Jun 2023

Listing

23 Jun 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Bizotic Commercial Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

20 Jun 2023

Basis finalization

Refunds Initiate

21 Jun 2023

Mandate release

Demat Credit

22 Jun 2023

Shares in demat

Listing Debut

23 Jun 2023

Trading begins

About Bizotic Commercial Limited Public Issue & Market Profile

Bizotic Commercial Limited is bringing an initial public offering (IPO) in the Retail & Consumer Goods sector with an aggregate issue size of ₹42.21 Crores. The shares are offered at a price band of ₹175 to ₹175 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 800 shares (approx. ₹1,40,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-06-22, while un-allotted funds or UPI block mandates will be released on 2023-06-21.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.