One of the prominent player in value retail segment Baazar Style Retail is coming with IPO. Baazar Style Retail IPO aims to raise ₹834.68 crores. Baazar Style Retail focuses on offering affordable apparel and lifestyle products. The company has been addressing instrumental in addressing gaps in the market, particularly in regions with limited access to organized retail.
Table of Contents
Company Overview
Revenue Growth
Revenue (FY 2023): ₹788 crore
CAGR (FY 2017-2023): 27.8%, making it the fastest-growing value retail player in the peer set
EBITDA Margin
EBITDA Margin (FY 2023): 12.9%
CAGR (FY 2020-2023): 16.6%
Market Share
Market Share in Organized Value Retail (East India) FY 2023: 2.16%
State-wise Market Share:
- Orissa: 2.70%
- West Bengal: 2.67%
- Assam: 2.43% .
Store Count
Number of Stores (January 2024): 153 stores
CAGR in Store Count (2017-2023): 42% .
Other Key Metrics (FY 2023)
Sales per Square Foot (SPSF): ₹7,445
Average Inventory per Square Foot: ₹2,500-2,600
EBITDA per Square Foot: ₹800-900
Total Retail Footprint in East India: 11.4-11.6 lakh sq. ft .
Private Label Share
Share of Revenue from Private Labels (FY 2023): 31%
Private Label Share in Apparel Segment (FY 2023): 35% .
FAQs about Baazar Style Retail IPO
FAQs
What is the Baazar Style Retail IPO?
The Baazar Style Retail IPO is an initial public offering by Baazar Style Retail Limited to raise ₹834.68 crores. This IPO includes both a fresh issue of shares and an offer for sale by existing shareholders.
What are the key dates for the Baazar Style Retail IPO?
– IPO Subscription Opens: August 30, 2024
– IPO Subscription Closes: September 3, 2024
– Allotment Date: September 4, 2024
– Listing Date: [To Be Announced]
What is the price band for the IPO?
The price band for the Baazar Style Retail IPO is set at ₹370 to ₹389 per share.
What is the minimum lot size and investment required?
– Minimum Lot Size: 38 shares
– Minimum Investment: ₹14,782
What is the Grey Market Premium (GMP) for the IPO?
As of August 31, 2024, the GMP is ₹95 per share, which represents a 24.42% premium over the upper price band.
How many shares are being offered in the IPO?
– Total Issue Size: 21,456,947 shares
– Fresh Issue: 3,804,627 shares
– Offer for Sale: 17,652,320 shares
Who are the promoters of Baazar Style Retail Limited?
The promoters of Baazar Style Retail Limited are:
- Pradeep Kumar Agarwal
- Rohit Kedia
- Shreyans Surana
- Bhagwan Prasad
- Rajendra Kumar Gupta
- Sabita Agarwal
- Rajendra Kumar Gupta (HUF)
- Sri Narsingh Infrastructure Private Limited
What are the objectives of the IPO?
The proceeds from the IPO will be used for:
- Prepayment or repayment of certain outstanding borrowings.
- General corporate purposes.
What is the company’s financial performance?
As of March 31, 2024, the financial highlights are:
- Assets: ₹1,165.97 Cr
- Revenue: ₹982.83 Cr
- Profit After Tax: ₹21.94 Cr
- Net Worth: ₹212.56 Cr
- Total Borrowing: ₹178.23 Cr
How can I apply for the Baazar Style Retail IPO?
Investors can apply for the IPO through their Demat account using the ASBA (Application Supported by Blocked Amount) facility. Applications can be made via brokerage platforms or banks that support IPO applications.
Where will the shares be listed?
The shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
What is the shareholding structure before and after the IPO?
– Pre-Issue Promoter Holding: 55.03%
– Post-Issue Promoter Holding: [To Be Announced]
Who are the Registrar and Lead Managers for the IPO?
– Registrar: Link Intime India Private Ltd
– Lead Managers: Axis Capital Limited, Intensive Fiscal Services Private Limited, JM Financial Limited
Where can I find more details about the IPO?
Detailed information about the IPO can be found in the Red Herring Prospectus (RHP) and the Draft Red Herring Prospectus (DRHP), which are available on the company’s website and with the lead managers.
