Baazar Style Retail IPO will open for subscription from 30 August 2024. The company aims for an issue size of ₹834.68 Cr through this IPO.
Company Overview
| Full name | Baazar Style Retail Limited |
| Sector | Retailing |
| Industry | Retailing |
| Company Website | https://stylebaazar.in/ |
About Company
Bazaar Style Retail is a well-known fashion retailer dominating West Bengal and Odisha’s organized value retail market. The company showed the fastest growth among value retailers between 2017 and 2023, both in store count and revenue, when compared to V2 Retail and V-Mart Retail. In Fiscal 2023, the company has the largest retail presence in Eastern India compared to these retailers.
As of 31 December 2023, the company operated 153 stores across 140 cities, covering a total area of 1.39 million square feet, primarily under the ‘Style Bazaar‘ brand. Bazaar Style Retail offers a variety of products, including apparel and general merchandise for all genders and age groups, as well as non-apparel and home furnishing items. In the nine months ending 31 December 2023, Bazaar Style Retail opened 16 stores in its core markets of West Bengal, Odisha, Bihar, and Assam. Expanding into Uttar Pradesh, Jharkhand, Andhra Pradesh, Chhattisgarh, and Tripura, they launched 7 more stores. By Fiscal 2027, the value retail market in Eastern and Northern India is expected to reach 8,000 stores, with each retailer aiming for 800 to 1,000 stores.
The Objectives of the Issue
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company and
- General corporate purposes.
Baazar Style Retail IPO Timetable
| IPO Opening date | 30 August 2024 |
| IPO Closing | 03 September 2024 |
| Basis of Allotment | 04 September 2024 |
| Initiation Refund | 05 September 2024 |
| Credit to Demat Account | 05 September 2024 |
| Listing Date | 06 September 2024 |
Baazar Style Retail IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹834.68 Cr – 21,456,947 shares |
| Fresh Issue | ₹148.00 Cr – 3,804,627 shares |
| Offer for sale | ₹686.68 Cr – 17,652,320 shares |
| Face value | ₹05 per share |
| Price Band | ₹370 to ₹389 per share |
| Lot size | 38 Shares |
| Employee Discount | ₹35 per share |
| Shareholding pre-issue | 70,810,966 |
| Shareholding post-issue | 74,615,593 |
| Listing Exchange | BSE & NSE |
Baazar Style Retail IPO Lot Size
Coming Soon
Baazar Style Retail Offer Documents
Baazar Style Retail IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Baazar Style Retail Financial Performance
| FY 2022* | FY 2023* | FY 2024 | |
| Revenue | 551.12 | 787.90 | 972.88 |
| Expenses | 571.19 | 788.98 | 953.61 |
| Net income | (8.01) | 5.10 | 21.94 |
| Margin (%) | (1.45) | 0.65 | 2.26 |
Baazar Style Retail Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre Issue) | FY 2024 (Post-Issue)* | |
| EPS | (1.31) | 0.76 | 3.14 | 2.48 |
| PE Ratio | – | – | 117.83 – 123.89 | 149.19 – 156.85 |
* Calculated on the basis of annualized Profits After Tax for FY 2024
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | (21.01) | (5.67) | 2.67 | 10.32 |
| NAV | 99.85 | 21.21 | 27.35 | 30.43 |
| ROCE (%) | (1.03) | 6.59 | 13.77 | 18.39 |
| EBITDA (%) | 10.92 | 12.40 | 12.88 | 14.61 |
| Debt/Equity | 0.85 | 0.55 | 0.57 | 0.76 |
Company Promoters
- Pradeep Kumar Agarwal
- Rohit Kedia
- Shreyans Surana
- Bhagwan Prasad
- Rajendra Kumar Gupta
- Sabita Agarwal
- Rajendra Kumar Gupta (HUF)
- Sri Narsingh Infrastructure Private Limited.
Promoter Holding
| Pre Issue Share Holding | 55.03% |
| Post Issue Share Holding | – |
Baazar Style Retail Offer GMP Update
Coming Soon
Baazar Style Retail IPO Subscription Update
Coming Soon
Baazar Style Retail IPO Allotment Status
Baazar Style Retail IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Baazar Style Retail IPO Listing Details
| Listing Date | 06 September 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | BSE & NSE |
| Final Issue Price | Coming Soon |
| Open | |
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| Last Trade |
Baazar Style Retail IPO Lead Manager(s)
- Axis Capital Limited
- Intensive Fiscal Services Private Limited
- JM Financial Limited
Baazar Style Retail Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: baazarstyle.ipo@linkintime.co.in
Website: www.linkintime.co.in
Baazar Style Retail Contact Details
BAAZAR STYLE RETAIL LIMITED
P S Srijan Tech Park, DN-52, 12th Floor,
Street Number 11, DN Block, Sector V, Salt Lake,
North 24 Parganas, Kolkata, – 700 091, West Bengal
Phone: (+91 33) 6125 6125
Email: secretarial@stylebaazar.com
Website: www.stylebaazar.in
Baazar Style Retail IPO FAQs
How many shares in Bazaar Style Retail IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for Bazaar Style Retail Public Offer?
The best way to apply for Bazaar Style Retail public offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Bazaar Style Retail IPO GMP today?
Bazaar Style Retail IPO GMP today is ₹ NA per share.
What is Bazaar Style Retail kostak rate today?
Bazaar Style Retail kostak rate today is ₹ NA per application.
What is Bazaar Style Retail Subject to Sauda rate today?
Bazaar Style Retail Subject to Sauda rate today is ₹ NA per application.
Final thoughts
Baazar Style Retail IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
