Image Source : EquityBulls
Bizotic Commercial Ltd has announced plans to consider raising funds through various instruments, as part of its strategic roadmap to scale operations and strengthen its financial position.
Key developments:
- The Board of Directors is expected to meet in early August to evaluate fundraising options, including equity issuance, preferential allotments, or convertible securities
- The capital infusion will likely support the company’s retail network expansion, including new store launches under the URBAN UNITED brand
- Funds may also be allocated toward working capital requirements and repayment of existing liabilities
- The move follows a strong IPO performance in 2023 and recent store openings in Ahmedabad and Rajasthan
- Bizotic continues to maintain a promoter holding of 70%, with no dividend payout history despite consistent profitability
Strategic context:
- The company operates in the competitive readymade garment segment, with a focus on men’s fashion across formal, casual, and ethnic wear
- A successful fundraising round could enhance supply chain agility and digital channel integration
Sources: Economic Times, Screener.in, Chittorgarh IPO Tracker, BSE Corporate Filings, Bizotic Commercial Ltd official disclosures
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