IPO Insights

Baazar Style Retail Limited IPO

NiftyTrader • August 27, 2024

Baazar Style Retail Limited Logo

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 DateAugust 30, 2024 to September 3, 2024
Listing Date[.]
Face Value₹5 per share
Price₹370 to ₹389 per share
Lot Size38 Shares
Total Issue Size21,456,947 shares
(aggregating up to ₹834.68 Cr)
Fresh Issue3,804,627 shares
(aggregating up to ₹148.00 Cr)
Offer for sale17,652,320 shares of ₹5
(aggregating up to ₹686.68 Cr)
Issue TypeBook Built Issue IPO
Employee DiscountRs 35 per share
Listing AtBSE, NSE
Shareholding pre-issue70,810,966
Shareholding post-issue74,615,593

Baazar Style Retail IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)138₹14,782
Retail (Max)13494₹192,166
S-HNI (Min)14532₹206,948
S-HNI (Max)672,546₹990,394
B-HNI (Min)682,584₹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”):

  1. General Corporate Purpose
  2. 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 Ended31 Mar 2024
Assets1,165.97
Revenue982.83
Profit After Tax21.94
Net Worth212.56
Reserves and Surplus180.2
Total Borrowing178.23
Amount in ₹ Crore

Baazar Style Retail IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50.00% of the Net offer
Retail Shares OfferedNot less than 35.00% of the Offer
NII (HNI) Shares OfferedNot 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 DateFriday, August 30, 2024
IPO Close DateTuesday, September 3, 2024
Basis of AllotmentWednesday, September 4, 2024
Initiation of RefundsThursday, September 5, 2024
A credit of Shares to DematThursday, September 5, 2024
Listing DateFriday, September 6, 2024
Cut-off time for UPI mandate confirmation5 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.

KPIValues
ROE10.74%
ROCE18.39%
Debt/Equity0.76
RoNW10.32%
PAT Margin (%)2.23
P/BV12.78
Share Holding Pre-Issue55.03%
Share Holding Post Issue

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