Baazar Style Retail

Baazar Style Retail

Mainboard

₹14,782 / 38 Shares

Offer Date:Aug 30, 2024 - Sep 3, 2024
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Baazar Style Retail IPO Details

The Baazar Style Retail IPO price band is set between ₹370-389 per equity share, with a face value of ₹5 per share. The issue is managed by Link Intime India Pvt Ltd, and the equity shares are proposed to be listed on the Mainboard.

The IPO date for subscription opens on 30 Aug, 2024 and closes on 3 Sep, 2024. Investors can check the allotment status on 4 Sep, 2024, while the listing date is tentatively scheduled for 6 Sep, 2024.

The total issue size is Total ₹834.68 Cr :#Fresh Issue : 3,804,627 shares, aggregating up to ₹148.00 Cr. Stay tuned for the latest Baazar Style Retail IPO review and GMP updates.

Baazar Style Retail IPO Review, Rating & Analysis

Baazar Style Retail IPO Review

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Baazar Style Retail IPO Rating

Baazar Style Retail IPO Highlights

IPO Date

Aug 30, 2024 - Sep 3, 2024

Listing Date

6 Sep, 2024

Face Value

₹5 Per Equity Share

Price Band

₹370-389 per equity share

Lot Size

38 Shares

Fresh Issue

3,804,627 Shares

Offer for Sale

17,652,320 shares of ₹5

Listing At

BSE, NSE

Baazar Style Retail IPO Lot Size

The minimum market lot for Baazar Style Retail IPO is 38 shares with an application amount of ₹14,782. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.

ApplicationLotsSharesAmount
Retail (Min)138₹14,782
Retail (Max)13494₹1,92,166
S-HNI (Min)14532₹2,06,948
S-HNI (Max)672546₹9,90,394
B-HNI (Min)682584₹10,05,176

Baazar Style Retail IPO Timeline

IPO Open Date
30 Aug, 2024
IPO Close Date
3 Sep, 2024
Basis of Allotment
4 Sep, 2024
Listing Date
6 Sep, 2024

Issue Price

₹370-389 per equity share

Face Value

₹5 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Pvt Ltd

Lead Manager

Axis Capital LtdIntensive Fiscal Services Pvt LtdJM 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)

Baazar Style Retail IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 241165.97982.8321.94212.56180.2178.23
31 Mar 23N/AN/AN/AN/AN/AN/A

All values are in ₹ Cr.

Baazar Style Retail IPO Valuations

EPS Pre IPO

₹3.10/-

EPS Post IPO

₹2.94/-

PE Pre IPO

125.54

PE Post IPO

132.28

ROE

10.74%

ROCE

18.39%

Debt Equity

0.76

RoNW

10.32%

PAT Margin

2.23

Price to Book Value

12.78

Promoters & Share Holding

Promoter(s) Name

  • Pradeep Kumar Agarwal
  • Rohit Kedia
  • Shreyans Surana
  • Bhagwan Prasad
  • Rajendra Kumar Gupta
  • Sabita Agarwal
  • Rajendra Kumar Gupta (HUF)
  • Sri Narsingh Infrastructure Private Limited
Share Holding Pre IssueShare Holding Post Issue
55.03%45.60%

About 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.

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Baazar Style Retail IPO Subscription Details

As onQIBNII
bNII  sNII
RetailTotal
Shares Offered / Reserved4,286,248
3,214,686

2,143,124    1,071,562
7,500,93415,030,116
Day 1 -30-08-24 05:00 PM
0.70 x
0.47

0.39 x   0.64 x
0.82 x0.72 x
Day 2 -02-09-24 05:00 PM
0.84 x
11.61

12.09 x   10.64 x
3.74 x4.63 x
Day 3 -03-09-24 05:00 PM
81.83 x
59.40

69.27 x   39.67 x
9.04 x40.62 x
Total No. of Applications:16,28,423 (Approx)
Retail Subscription:

Retail:7.47x

BHNI:13.98x

SHNI:38.61x times

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

Frequently Asked Questions about Baazar Style Retail IPO

When will Baazar Style Retail IPO open for subscription?

The Baazar Style Retail IPO opens on 30 Aug, 2024 and closes on 3 Sep, 2024.

What is the investors portion for Baazar Style Retail IPO?

The investors' portion for QIB is 81.83 x, NII is 69.27 x, and Retail is 9.04 x.

How to apply for Baazar Style Retail IPO?

You can apply for Baazar Style Retail IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.

What is the issue size of Baazar Style Retail IPO?

The issue size of Baazar Style Retail IPO is approx ₹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) crores.

What is the price band of Baazar Style Retail IPO?

The price band for Baazar Style Retail IPO is ₹370 to ₹389 per equity share.

What is the lot size of Baazar Style Retail IPO?

The minimum bid (lot size) for Baazar Style Retail IPO is N/A shares with an investment of approx ₹14,782 .

What is the allotment date of Baazar Style Retail IPO?

The allotment date for Baazar Style Retail IPO is 4 Sep, 2024.

What is the listing date of Baazar Style Retail IPO?

The listing date for Baazar Style Retail IPO is expected to be 6 Sep, 2024.

What is the GMP of Baazar Style Retail IPO?

The latest Grey Market Premium (GMP) for Baazar Style Retail IPO is being updated regularly on IPOROCK.

PD

Parth D.

Founder & Lead Analyst

Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.

Baazar Style Retail IPO Date, Review, Price, Allotment Details, GMP | IPOROCK