New Delhi: The initial public offerings (IPOs) of four companies will be open for subscription this week keeping the primary market busy. The companies are:
- Urban Enviro Waste Management Ltd
- Bizotic Commercial Ltd
- Cosmic CRF Ltd
- Cell Point (India) Ltd
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Urban Enviro Waste Management Ltd
Urban Enviro Waste Management Ltd is a general waste handling and management services provider. The company will launch its initial public offering (IPO) on June 12, aiming to raise up to Rs 11.42 crore through the issue.
The issue consists of a fresh issue of 9.2 lakh equity shares, aggregating to Rs 9.2 crore and an offer for sale (OFS) of 2.22 lakh equity shares by selling shareholder Vikas Sharma.
| Opening Date | Monday, 12 June 2023 |
| Closing Date | Wednesday, 14 June 2023 |
| Basis of Allotment | Monday, 19 June 2023 |
| Initiation of Refunds | Tuesday, 20 June 2023 |
| Credit of Shares to Demat Account | Wednesday, 21 June 2023 |
| IPO Date | 12 June 2023 to 14 June 2023 |
| Listing Date | Thursday, 22 June 2023 (Tentative) |
| Face Value | Rs 10 per share |
| Price | Rs 100 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,142,400 shares(aggregating up to Rs 11.42 Cr) |
| Fresh Issue | 920,000 shares(aggregating up to Rs 9.20 Cr) |
| Offer for Sale | 222,400 shares of Rs 10(aggregating up to Rs 2.22 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 57,600 sharesAsnani Stock BrokerNikunj Stock Brokers |
* Source: Chittorgarh
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As per the company filing, it intends to utilise the proceeds from the net issue for the following objects:
- Repayment of certain secured borrowings (including accrued interest and foreclosure charges, if any) in full availed by the company
- Funding the working capital requirements
- General corporate purposes.
Bizotic Commercial Ltd
Bizotic Commercial India Ltd was incorporated in 2016. It engages in the business of manufacturing, designing, and marketing readymade garments under the brand name URBAN UNITED. Bizotic Commercial India Ltd offers a diverse range of clothing including formal wears, casual wears, party wears, ethnic clothing, winter clothing et cetera.
The company’s IPO will open on 12 June 2023 and close on 15 June 2023. This public offer will be available for subscription at a fixed price band of Rs 175 per equity share and one lot of the public issue will comprise 800 company shares. The SME company aims to raise Rs 42.21 crore through issuance of 2,412,000 fresh issues of the company.
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| Event | Tentative Date |
| Opening Date | Monday, 12 June 2023 |
| Closing Date | Thursday, 15 June 2023 |
| Basis of Allotment | Tuesday, 20 June 2023 |
| Initiation of Refunds | Wednesday, 21 June 2023 |
| Credit of Shares to Demat | Thursday, 22 June 2023 |
| Listing Date | Friday, 23 June 2023 |
| IPO Date | 12 June 2023 to 15 June 2023 |
| Listing Date | 23 June 2023 (Tentative) |
| Face Value | Rs 10 per share |
| Price | Rs 175 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 2,412,000 shares(aggregating up to Rs 42.21 Cr) |
| Fresh Issue | 2,412,000 shares(aggregating up to Rs 42.21 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 120,800 shares Beeline Broking |
*Source: Chittorgarh
As per the company filing, Bizotic Commercial Ltd intends to utilise the proceeds from the net issue for the following objects:
- Setting up retail store
- Repayment of loan
- Working capital requirement
- General Corporate Purpose
- Meeting Public Issue Expenses.
Cosmic CRF Ltd
Cosmic CRF Ltd was incorporated in 2021. It supplies cold-rolled stainless sections to manufacturing companies including Titagarh Wagons Limited, Hindusthan Engineering & Industries Limited, Melbrow Engineering Works Private Limited, Jindal Rail Infrastructure Limited, Allied Construction Engineers & Fabricators, et cetera.
