Baazar Style Retail Limited IPO

NiftyTrader • August 27, 2024

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Baazar Style Retail Limited IPO

Baazar Style Retail Limited IPO opens on August 30, 2024, and closes on September 3, 2024. The allotment for the Baazar Style Retail Limited IPO is anticipated to be completed on Wednesday, September 4, 2024. The IPO will be tentatively listed on the SME and BSE on Friday, September 6, 2024.

The Baazar Style Retail Limited IPO’s price band is Rs 370 to Rs 389 per share. The IPO is a book-built issue of Rs 834.68 crores. crores, an entirely new issue of 0.38 crore shares.

Baazar Style Retail IPO Details

IPO Date	August 30, 2024 to September 3, 2024
Listing Date	[.]
Face Value	₹5 per share
Price	₹370 to ₹389 per share
Lot Size	38 Shares
Total Issue Size	21,456,947 shares (aggregating up to ₹834.68 Cr)
Fresh Issue	3,804,627 shares (aggregating up to ₹148.00 Cr)
Offer for sale	17,652,320 shares of ₹5 (aggregating up to ₹686.68 Cr)
Issue Type	Book Built Issue IPO
Employee Discount	Rs 35 per share
Listing At	BSE, NSE
Shareholding pre-issue	70,810,966
Shareholding post-issue	74,615,593

Baazar Style Retail IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	38	₹14,782
Retail (Max)	13	494	₹192,166
S-HNI (Min)	14	532	₹206,948
S-HNI (Max)	67	2,546	₹990,394
B-HNI (Min)	68	2,584	₹1,005,176

Objects of the Issue (Baazar Style Retail IPO Objectives)

The company proposes to utilize the Net Proceeds towards funding the following objects (collectively, referred to as the “Objects”):

General Corporate Purpose
Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company and

About Baazar Style Retail Limited

Founded in June 2013, Bazaar Style Retail Limited is a prominent fashion retailer based in West Bengal and Odisha, offering a wide range of apparel for men, women, boys, girls, and infants, alongside non-apparel items and home furnishings. Dedicated to delivering a family-oriented shopping experience, the company combines quality and affordability to ensure stylish merchandise for every Indian. As of March 31, 2024, Bazaar Style operates 162 stores across 9 states, including Odisha, Bihar, Assam, Jharkhand, Andhra Pradesh, Uttar Pradesh, Tripura, and Chhattisgarh, with each store averaging 9,046 square feet and staffed by trained employees to enhance customer service. The company boasts a robust in-house marketing team of 13 and a skilled designing and merchandising team of 57, who leverage their expertise to align with regional preferences and market trends, ensuring the latest fashion insights are reflected in their offerings.

Baazar Style Retail Limited Financial Information (Restated Consolidated)

Period Ended	31 Mar 2024
Assets	1,165.97
Revenue	982.83
Profit After Tax	21.94
Net Worth	212.56
Reserves and Surplus	180.2
Total Borrowing	178.23
	Amount in ₹ Crore

Baazar Style Retail IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the Net offer
Retail Shares Offered	Not less than 35.00% of the Offer
NII (HNI) Shares Offered	Not less than 15.00% of the Offer

Baazar Style Retail IPO Timeline (Tentative Schedule)

Baazar Style Retail IPO opens on August 30, 2024, and closes on September 3, 2024.

IPO Open Date	Friday, August 30, 2024
IPO Close Date	Tuesday, September 3, 2024
Basis of Allotment	Wednesday, September 4, 2024
Initiation of Refunds	Thursday, September 5, 2024
A credit of Shares to Demat	Thursday, September 5, 2024
Listing Date	Friday, September 6, 2024
Cut-off time for UPI mandate confirmation	5 PM on September 3, 2024

Key Performance Indicator

The market capitalization of Baazar Style Retail IPO is Rs 2902.55 Cr.

KPI as of March 31, 2024.

Baazar Style Retail IPO Promoter Holding

The Promoters of the company are Pradeep Kumar Agarwal, Rohit Kedia, Shreyans Surana, Bhagwan Prasad, Rajendra Kumar Gupta, Sabita Agarwal, Rajendra Kumar Gupta (HUF) and Sri Narsingh Infrastructure Private Limited.