Baazar Style Retail Limited IPO
MainboardSpeciality Retail
Listed On: Sep 6, 2024 at ₹ 389.0(NSE)
₹ 14782 /38 Shares
Check AllotmentPrice Summary
Last Closing
320.75 (-17.54%)52 Week High
431.1552 Week Low
181.00Last Update
17-Apr-2025 3:30 PM30 Aug, 2024
Open Date03 Sep, 2024
Close Date04 Sep, 2024
Allotment Date06 Sep, 2024
Listing DateIssue Price
₹370-389 per equity shareFace Value
₹5 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Pvt LtdList Price
389.0(NSE)Listing Date
2024-09-06Market Lot
Retail : 38 Shares (₹14,782/-)S-HNI : 532 Shares (₹2,06,948/-)
B-HNI : 2,584 Shares (₹10,05,176/-)
Lead Manager
Axis Capital LtdIntensive Fiscal Services Pvt Ltd
JM Financial Ltd
Issue Size
Total ₹834.68 Cr :#Fresh Issue : 3,804,627 shares(aggregating up to ₹148.00 Cr) +
#OFS : 17,652,320 shares of ₹5(aggregating up to ₹686.68 Cr)
Retail Portion
35% (Number of Retail Applications: 1,97,393 Approx),(Number of S-HNI Applications : 2,014 Approx),
(Number of B-HNI Applications : 4,028 Approx)
Subscription
40.62 times
The IPO of Baazar Style Retail is priced at ₹370-389 per equity share, which has a face value of ₹5 Per Equity Share each. The company shall list its equity shares on BSE, NSE. Link Intime India Pvt Ltd is the registrar of the issue.
Baazar Style Retail IPO bid opening date is from Aug 30, 2024 and the bid closing date was Sep 3, 2024.
Baazar Style Retail IPO allotment result will be available on Sep 4, 2024. The tentative listing date for Baazar Style Retail is Sep 6, 2024.
The total issue size is Total ₹834.68 Cr : #Fresh Issue : 3,804,627 shares(aggregating up to ₹148.00 Cr) + #OFS : 17,652,320 shares of ₹5(aggregating up to ₹686.68 Cr).
Baazar Style Retail IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 4,286,248 | 3,214,686 2,143,124 1,071,562 | 7,500,934 | 15,030,116 |
| Day 1 - 30-08-24 05:00 PM | 0.70 x | 0.47 0.39 x 0.64 x | 0.82 x | 0.72 x |
| Day 2 - 02-09-24 05:00 PM | 0.84 x | 11.61 12.09 x 10.64 x | 3.74 x | 4.63 x |
| Day 3 - 03-09-24 05:00 PM | 81.83 x | 59.40 69.27 x 39.67 x | 9.04 x | 40.62 x |
Baazar Style Retail Valuations
EPS Pre IPO
₹3.10/-EPS Post IPO
₹2.94/-P/E Pre IPO
125.54P/E Post IPO
132.28ROE
10.74%ROCE
18.39%Debt/Equity
0.76RoNW
10.32%PAT Margin
2.23Price to Book Value
12.78Baazar Style Retail Company Financials All values are in ₹ Cr.
| 31-Mar-24 | 31-Mar-23 | 31-Mar-23 | |
|---|---|---|---|
| Assets | 1,165.97 | N/A | N/A |
| Revenue | 982.83 | N/A | N/A |
| Profit After Tax | 21.94 | N/A | N/A |
| Net Worth | 212.56 | N/A | N/A |
| Reserves & Surplus | 180.2 | N/A | N/A |
| Total Borrowing | 178.23 | N/A | N/A |
About The Company
Bazaar Style Retail Limited is a fashion retailer incorporated in June 2013, which operates in West Bengal and Odisha. The company sells men's, women's, boys', girls', and infant clothing and general merchandise including non-apparels and home furnishing products. The company's emphasis is on offering a family shopping experience and focuses on selling quality products, as well as the aim of giving every Indian fashionable merchandise at an affordable price. As of March 31, 2024, the stores were on average 9,046 square feet and staffed with well-trained employees for improved customer experience. The company is currently working in Odisha, Bihar, Assam, Jharkhand, Andhra Pradesh, Uttar Pradesh, Tripura, and Chhattisgarh. As of March 31, 2024, the company has grown to operate 162 stores in 9 states. As of March 31, 2024, The company had an in-house marketing team of 13 personnel. The company has a very strong designing and merchandising team of 57 personnel with experience understanding and sensing the regional preferences of its target customers. They work to provide the customers with the latest market trends through their experience in the retail and textile industries.
Read MoreBaazar Style Retail - Strength and Weakness
Bazaar Style Retail Limited exhibited robust growth with a 42% CAGR in store count and 27.8% in revenue from operations (2017-2023). With 153 stores across nine states, they lead in West Bengal and Odisha.
Bazaar Style Retail Limited's cluster-based expansion and high street store focus, along with a diverse product range, have fueled rapid growth. Their commitment to quality and affordability caters to the aspiring middle class.
Bazaar Style Retail Limited meticulously evaluates new store locations, considering factors like population density, footfall potential, local economy, and competitive landscape. This ensures strategic placement and optimized performance of each store.
Baazar Style Retail Limited faces intense competition in the fashion industry, risking market share loss amidst rapid shifts in consumer preferences and technology, with numerous competitors potentially outperforming.
Baazar Style Retail Limited faces the threat of brand dilution and reputational damage if third parties misuse its trademarks, potentially resulting in customer confusion and loss of business opportunities.
Baazar Style Retail Limited's concentration in eastern India exposes it to operational risks, as adverse developments in this region could significantly impact revenue and overall business performance, particularly in the apparel category.
Baazar Style Retail - Promoter(s)
Pre Issue Share Holding: 55.03%
Post Issue Share Holding: 45.60%
- Pradeep Kumar Agarwal
- Rohit Kedia
- Shreyans Surana
- Bhagwan Prasad
- Rajendra Kumar Gupta
- Sabita Agarwal
- Rajendra Kumar Gupta (HUF)
- Sri Narsingh Infrastructure Private Limited
Baazar Style Retail IPO - Issue Objectives
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company.
- General corporate purposes.
Baazar Style Retail IPO - Anchor Investors
Global marquee investors participated in the anchor book included HSBC Global Investment Funds, Natixis International Funds, Optimix Wholesale Global Emerging Markets Share Trust, Allianz Global Investors Fund, and Societe Generale.
HDFC Mutual Fund, Ashoka India Equity Investment Trust Plc, Whiteoak Capital, Volrado Venture Partners Fund, Bandhan Mutual Fund, Motilal Oswal Mutual Fund, Bajaj Allianz Life Insurance Company, SBI General Insurance Company, Helios Flexi Cap Fund, Trust Mutual Fund, Julius Baer India Equity Fund, Reliance General Insurance Company, and Verition Multi-Strategy Master Fund were other investors in the anchor book.
Other Details
Baazar Style Retail
P S Srijan Tech Park, DN-52, 12th Floor, Street Number 11, DN Block, Sector V, Salt Lake, North 24 Parganas, Kolkata, - 700091Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: baazarstyle.ipo@jmfl.com
Website: https://linkintime.co.in/initial_offer/public-issues.html
Baazar Style Retail IPO - FAQs
Ans. Baazar Style Retail Limited IPO is a Mainboard IPO. The issue is priced at ₹370-389 per equity share. The minimum order quantity is 38 Shares. The IPO opens on Aug 30, 2024, and closes on Sep 3, 2024. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Baazar Style Retail Limited IPO opens on Aug 30, 2024 and closes on Sep 3, 2024.
Ans. The size of Baazar Style Retail Limited IPO is Total ₹834.68 Cr : #Fresh Issue : 3,804,627 shares(aggregating up to ₹148.00 Cr) + #OFS : 17,652,320 shares of ₹5(aggregating up to ₹686.68 Cr).
Ans. The IPO price band is set between ₹370-389 per equity share.
Ans. To apply for Baazar Style Retail Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Baazar Style Retail Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Baazar Style Retail Limited IPO is Sep 4, 2024.
Ans. The Baazar Style Retail Limited IPO will be listed on Sep 6, 2024.
Ans. Follow the steps to check the allotment status for Baazar Style Retail Limited IPO here.
