IPO

Baazar Style Retail Limited IPO

Mainboard

Speciality Retail

Listed On: Sep 6, 2024 at ₹ 389.0(NSE)

₹ 14782 /38 Shares

Check Allotment

Price Summary

Last Closing

311.80 (-19.85%)

52 Week High

431.15

52 Week Low

306.00

Last Update

22-Nov-2024 3:30 PM

Baazar Style Retail IPO Details

30 Aug, 2024

Open Date

03 Sep, 2024

Close Date

04 Sep, 2024

Allotment Date

06 Sep, 2024

Listing Date

Issue Price

₹370-389 per equity share

Face Value

₹5 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Pvt Ltd

List Price

389.0(NSE)

Listing Date

2024-09-06

Market 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 Ltd
Intensive 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

IPO Docs

DRHP RHP ANCHOR

Baazar Style Retail IPO Subscription Details

As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved4,286,2483,214,686
2,143,124    1,071,562		7,500,93415,030,116
Day 1 - 30-08-24 05:00 PM0.70 x0.47
0.39 x   0.64 x		0.82 x0.72 x
Day 2 - 02-09-24 05:00 PM0.84 x11.61
12.09 x   10.64 x		3.74 x4.63 x
Day 3 - 03-09-24 05:00 PM81.83 x59.40
69.27 x   39.67 x		9.04 x40.62 x
Total No. of Applications: 16,28,423 (Approx)
Retail Subscription on the basis of Applications: Retail:7.47x BHNI:13.98x SHNI:38.61x times

Baazar Style Retail Valuations

EPS Pre IPO

₹3.10/-

EPS Post IPO

₹2.94/-

P/E Pre IPO

125.54

P/E Post IPO

132.28

RoNW

10.32%

Baazar Style Retail Company Financials All values are in ₹ Cr.

31-Mar-2431-Mar-2331-Mar-23
Assets1,165.97N/AN/A
Revenue982.83N/AN/A
Profit After Tax21.94N/AN/A

About The Company

Bazaar Style Retail Limited is a fashion retailer operating in West Bengal and Odisha. The company offers apparel for men, women, boys, girls, and infants and general merchandise such as non-apparels and home furnishing products.

The company focuses on providing a family-oriented shopping experience, offering quality products and striving to offer every Indian stylish merchandise at an affordable price.

As of March 31, 2024, the stores averaged 9,046 square feet and were staffed by trained employees to enhance customer experience.

The company operates in Odisha, Bihar, Assam, Jharkhand, Andhra Pradesh, Uttar Pradesh, Tripura, and Chhattisgarh.

As of March 31, 2024, the company has expanded across 9 states and operates 162 stores.

Read More

Baazar Style Retail - Strength and Weakness

Strength

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.

Weakness

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: N/A%

Company Promoter(s)

  1. Pradeep Kumar Agarwal
  2. Rohit Kedia
  3. Shreyans Surana
  4. Bhagwan Prasad
  5. Rajendra Kumar Gupta
  6. Sabita Agarwal
  7. Rajendra Kumar Gupta (HUF)
  8. Sri Narsingh Infrastructure Private Limited

Baazar Style Retail IPO - Issue Objectives

  1. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company.
  2. General corporate purposes.

Baazar Style Retail IPO - Anchor Investors

Baazar Style Retail mobilises Rs 250 crore via anchor book.

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

Company Contact 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, - 700091

Phone: +91 3361256125

Email: secretarial@stylebaazar.com

Website: https://stylebaazar.in/

Registrar Contact Details

Link 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.