Baazar Style Retail is scheduled to hit the market on August 30, 2024 and close on September 3, 2024. Baazar Style Retail plans to raise around ₹834.68 Cr through an IPO with a sale of up to 21,456,947 equity shares of ₹5 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Bazaar Style Retail Limited, established in June 2013, is a fashion retailer based in West Bengal and Odisha, offering a wide range of apparel for men, women, boys, girls, and infants, along with general merchandise including home furnishings. The company prioritizes a family-oriented shopping experience by providing quality products at affordable prices, aiming to make stylish merchandise accessible to every Indian. As of March 31, 2024, the average store size is 9,046 square feet, with trained employees dedicated to enhancing customer satisfaction.
Expanding its presence across nine states—Odisha, Bihar, Assam, Jharkhand, Andhra Pradesh, Uttar Pradesh, Tripura, and Chhattisgarh—Bazaar Style Retail Limited operates 162 stores. The company's marketing efforts are supported by an in-house team of 13 personnel, while its strong design and merchandising team of 57 professionals focuses on understanding regional preferences and market trends. Their collective experience in the retail and textile industries enables the company to cater effectively to its target customers.
Baazar Style Retail IPO Details
Baazar Style Retail IPO opens on August 30, 2024, and closes on September 3, 2024. The Listing date for Baazar Style Retail IPO is on September 06, 2024. The price band for IPO is ₹370 to ₹389 per share and lot size of 38 Shares.
| IPO Date | August 30, 2024 to September 3, 2024 |
| Listing Date | September 6, 2024 |
| Price | ₹370 to ₹389 per share |
| Lot Size | 38 Shares |
| Issue Size | ₹834.68 Cr |
| Face Value | ₹5 per share |
Baazar Style Retail IPO Tentative Timetable
Baazar Style Retail opening date is August 30, 2024 and close date is September 3, 2024. The IPO allotment date is September 4, 2024. Therefund initiation of IPO is on September 5, 2024. The credit of shares in demat account is on September 5, 2024. The listing date is on September 6, 2024.
| Event | Date |
|---|---|
| IPO Opening | August 30, 2024 |
| IPO Closing | September 3, 2024 |
| IPO Allotment Date | September 4, 2024 |
| Refund Initiation | September 5, 2024 |
| Shares Credit to Demat | September 5, 2024 |
| Lisiting Date | September 6, 2024 |
Baazar Style Retail IPO Lot Size
Lot Size of this IPO is 38 shares. A retail-individual investor can apply for up to 13 lots (494 shares or ₹192,166).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 38 | ₹14,782 |
| Retail(Maximum) | 13 | 494 | ₹192,166 |
| S-HNI (Minimum) | 14 | 532 | ₹206,948 |
| B-HNI (Minimum) | 68 | 2,584 | ₹1,005,176 |
Baazar Style Retail IPO Promoter Holding
| Pre Issue Share Holding | 55.03% |
| Post Issue Share Holding |
Baazar Style Retail IPO Review
Style Baazar Retail Limited is led by an experienced team. Pradeep Kumar Agarwal has over 17 years in operations and sales and 21 years in finance. Rohit Kedia has more than 22 years of experience in operations and purchasing in the garment industry. Shreyans Surana brings over 13 years of experience in strategic planning. Bhagwan Prasad has 16 years in operations and purchasing, along with 13 years in finance and sales.
Financial Performance– The company has shown strong financial growth. Revenue increased from ₹5,611.39 lakhs in FY22 to ₹9,828.26 lakhs in FY24. EBITDA also rose from ₹683.52 lakhs in FY22 to ₹1,421.64 lakhs in FY24. Profit After Tax (PAT) improved significantly, going from a loss of ₹80.07 lakhs in FY22 to a profit of ₹219.42 lakhs in FY24. This shows that the company is financially healthy and efficient in its operations.
For the Style Baazar IPO, shares are being issued at a pre-issue EPS of ₹3.14 and a post-issue EPS of ₹2.94. The pre-issue P/E ratio is 123.88x, while the post-issue P/E ratio is 132.31x, compared to the industry P/E ratio of 138.88x. The company's Return on Capital Employed (ROCE) for FY24 is 18.39%, and Return on Equity (ROE) is 10.74%, indicating that the IPO is reasonably priced.
Investment Recommendation- Given the company’s solid financial performance and fair valuation, the Style Baazar Retail Limited IPO looks like a good investment option. Investors are encouraged to apply for this IPO for potential listing gains and long-term growth.
The Style Baazar Retail Limited IPO is a good investment option for those looking to invest in a company that has shown steady financial growth and has a strong leadership team. The pricing is reasonable, and there is a bright future ahead, making this IPO suitable for investors aiming for both quick profits and long-term gains. However, just like any investment, it's important for potential investors to consider their risk appetite and financial goals before deciding to invest.
Baazar Style Retail IPO Subscription Status (Bidding Details)
Table not foundBaazar Style Retail IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Baazar Style Retail IPO FAQs
What is Baazar Style Retail IPO?
Baazar Style Retail is issuing 21,456,947 equity shares with a face value of ₹5 each, totaling up to ₹834.68 Cr. The shares are being offered at a price of ₹370 to ₹389 each, with a minimum order quantity of 38 shares.
Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Baazar Style Retail IPO will open?
Baazar Style Retail will open on August 30, 2024 for QIB, NII, and Retail Investors.
When Baazar Style Retail IPO will end?
Baazar Style Retail will end on September 03, 2024.
What is Baazar Style Retail IPO Size?
Baazar Style Retail IPO size is ₹834.68 Cr.
What is Baazar Style Retail IPO Price Band?
Baazar Style Retail price band is ₹370 to ₹389 per share.
What is the Baazar Style Retail IPO Allotment Date?
Baazar Style Retail allotment date is September 04, 2024.
What is the Baazar Style Retail IPO Listing Date?
Baazar Style Retail listing date is September 06, 2024. The IPO is to be listed on BSE and NSE.
How to Baazar Style Retail IPO through Zerodha?
To apply for the IPO “Baazar Style Retail” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Baazar Style Retail IPO through Upstox?
To apply for the IPO “Baazar Style Retail” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Baazar Style Retail IPO Allotment Status?
For Baazar Style Retail IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Baazar Style Retail IPO GMP?
You can check out here: Baazar Style Retail IPO GMP. Check all IPO GMP here.