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Baazar Style Retail IPO: Everything You Need to Know

Baazar Style Retail IPO: big retail store in red colour with multiple photos

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%.

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 TypeLot SizeNumber of SharesMinimum Investment
Retail (Minimum)1 lot38₹14,782
Retail (Maximum)13 lots494₹192,166
S-HNI (Minimum)14 lots532₹206,948
B-HNI (Minimum)68 lots2,584₹1,005,176

IPO Details :

CategoryDetails
IPO DateAugust 30, 2024 to September 3, 2024
Listing Date[.]
Face Value₹5 per share
Price Band₹370 to ₹389 per share
Lot Size38 Shares
Total Issue Size21,456,947 shares
(aggregating up to ₹834.68 Cr)
Fresh Issue3,804,627 shares
(aggregating up to ₹148.00 Cr)
Offer for Sale17,652,320 shares of ₹5
(aggregating up to ₹686.68 Cr)
Employee Discount₹35 per share
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share Holding Pre-Issue70,810,966
Share Holding Post-Issue74,615,593

Promoters Names:

Promoter and Shareholding Details

DetailsPercentage
Pre-Issue Promoter Holding55.03%
Post-Issue Promoter Holding

Objectives of the Issue :

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
*Amount in crores

Key Financial Ratios and Metrics

Indicatorvalue
Return on Equity (ROE)10.74%
Return on Capital Employed (ROCE) 18.39%
Debt to Equity Ratio0.76
PAT Margin2.23%
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.

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Strengths and Weaknesses

Strengths


Weakness

Baazar Style Retail IPO Prospectus

Baazar Style Retail IPO DRHP

Baazar Style Retail IPO RHP

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!

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