The Baazar Style Retail IPO is generating significant interest in the market as the company aims to raise ₹834.68 crores. This IPO is a mix of a fresh issue and an offer for sale, making it a compelling opportunity for investors.
If you’re considering investing in the Baazar Style Retail IPO, this guide will provide you with all the crucial details, from the IPO dates to financial highlights and investment strategies.
Issuance Period :
Baazar Style Retail IPO opens for subscription on August 30, 2024 and closes on Sept 03.
The allotment for the Bazaar Style IPO is expected to be finalized on September 04, 2024. Bazaar Style IPO will list on BSE, NSE .
IPO Size :
Total amount to be raised Rs 834.68 crores.
GMP ( Grey Market Premium )
Current GMP is 141 rupees per share as on 27 august 2024, In Percentage is 36.00%.
Current GMP is 141 rupees per share as on 28 august 2024, In Percentage is 36.00%.
Current GMP is 125 rupees per share as on 29 august 2024, In Percentage is 32.00%.
Current GMP is ₹95 rupees per share as on 31 august 2024, In Percentage is 24.42%
Current GMP is ₹65 rupees per share as on 03 SEPT 2024, In Percentage is 16.70%.
Current GMP is ₹62 rupees per share as on 04 SEPT 2024, In Percentage is 16.00%.
Current GMP is ₹58 rupees per share as on 05 SEPT 2024, In Percentage is 14.90%.
Table of Contents
Baazar Style Retail IPO Price and Lot Size Details
Baazar Style Retail IPO price band is set at ₹370 to ₹389 per share. The minimum lot size for an application is 38 Shares.
The minimum amount of investment required by retail investors is ₹14,782.
The minimum lot size investment for sNII is 14 lots (532 shares), amounting to ₹206,948, and for bNII, it is 68 lots (2,584 shares), amounting to ₹1,005,176.
| Investor Type | Lot Size | Number of Shares | Minimum Investment |
| Retail (Minimum) | 1 lot | 38 | ₹14,782 |
| Retail (Maximum) | 13 lots | 494 | ₹192,166 |
| S-HNI (Minimum) | 14 lots | 532 | ₹206,948 |
| B-HNI (Minimum) | 68 lots | 2,584 | ₹1,005,176 |
IPO Details :
| Category | Details |
|---|---|
| IPO Date | August 30, 2024 to September 3, 2024 |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price Band | ₹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) |
| Employee Discount | ₹35 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre-Issue | 70,810,966 |
| Share Holding Post-Issue | 74,615,593 |
Promoters Names:
- Pradeep Kumar Agarwal
- Rohit Kedia
- Shreyans Surana
- Bhagwan Prasad
- Rajendra Kumar Gupta
- Sabita Agarwal
- Rajendra Kumar Gupta (HUF)
- Sri Narsingh Infrastructure Private Limited
Promoter and Shareholding Details
| Details | Percentage |
| Pre-Issue Promoter Holding | 55.03% |
| Post-Issue Promoter Holding |
Objectives of the Issue :
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company.
- General corporate purposes
Financial Information :
| Financials (Period Ended 31 Mar 2024) | Details |
|---|---|
| Assets | ₹1,165.97 Cr |
| Revenue | ₹982.83 Cr |
| Profit After Tax | ₹21.94 Cr |
| Net Worth | ₹212.56 Cr |
| Reserves and Surplus | ₹180.2 Cr |
| Total Borrowing | ₹178.23 Cr |
Key Financial Ratios and Metrics
| Indicator | value |
| Return on Equity (ROE) | 10.74% |
| Return on Capital Employed (ROCE) | 18.39% |
| Debt to Equity Ratio | 0.76 |
| PAT Margin | 2.23% |
| Price to Book Value (P/BV) | 12.78 |
About the Company
Incorporated in June 2013, Bazaar Style Retail Limited is a fashion retailer operating in West Bengal and Odisha. The company offers apparel for men, women, boys, girls, and infants and general merchandise such as non-apparels and home furnishing products.The company focuses on providing a family-oriented shopping experience, offering quality products and striving to offer every Indian stylish merchandise at an affordable price.As of March 31, 2024, the stores averaged 9,046 square feet and were staffed by trained employees to enhance customer experience.
The company operates in Odisha, Bihar, Assam, Jharkhand, Andhra Pradesh, Uttar Pradesh, Tripura, and Chhattisgarh.
Strengths and Weaknesses
Strengths
- Bazaar Style Retail Limited’s cluster-based expansion and high street store focus, along with a diverse product range, have fueled rapid growth.
- Their commitment to quality and affordability caters to the aspiring middle class.
- Bazaar Style Retail Limited meticulously evaluates new store locations, considering factors like population density, footfall potential, local economy, and competitive landscape.This ensures strategic placement and optimized performance of each store.
Weakness
- Baazar Style Retail Limited faces intense competition in the fashion industry, risking market share loss amidst rapid shifts in consumer preferences and technology, with numerous competitors potentially outperforming.
- Baazar Style Retail Limited faces the threat of brand dilution and reputational damage if third parties misuse its trademarks, potentially resulting in customer confusion and loss of business opportunities.
Baazar Style Retail IPO Prospectus
Baazar Style Retail IPO Registrar and Lead Managers
Registrar: Link Intime India Private Ltd
Lead Managers: Axis Capital Limited, Intensive Fiscal Services Private Limited, JM Financial Limited
Stay tuned for more updates and analysis on upcoming IPOs and market trends!