Baazar Style Retail IPO open date is August 30, 2024 and the IPO will close on September 3, 2024. Baazar Style Retail is a book built issue. The company to raise around ₹834.68 crores via IPO that comprises fresh issue of ₹148 crores and offer for sale up to 17,652,320 equity shares with face value of ₹5 each..
Baazar Style Retail IPO price band is ₹370 to ₹389. The retail quota is 35%, QIB is 50%, and HNI is 15%. Baazar Style Retail IPO to list on NSE and BSE on September 6, 2024. The allotment of Baazar Style Retail IPO date is September 4, 2024.
The company reported revenue of ₹982.83 crores in 2024 against ₹794.39 crore in 2023. The company reported profit of ₹21.94 crores in 2024 against loss of ₹5.10 crores in 2023. As per the financials the IPO investors should apply the IPO for a long term.
Baazar Style Retail IPO Details
| IPO Open Date: | August 30, 2024 |
| IPO Close Date: | September 3, 2024 |
| Face Value: | ₹5 Per Equity Share |
| IPO Price Band: | ₹370 to ₹389 Per Share |
| Issue Size: | Approx ₹834.68 Crores, 21,456,947 Equity Shares |
| Fresh Issue: | Approx ₹148 Crores, 3,804,627 Equity Shares |
| Offer for Sale: | Approx ₹686.68 Crores, 17,652,320 Equity Shares |
| Employee Discount: | ₹35 Per Share |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Baazar Style Retail IPO Market Lot
The Baazar Style Retail IPO minimum market lot is 38 shares with ₹14,782 application amount. The retail investors can apply up-to 13 lots with 494 shares or ₹192,166 amount.
| Application | Lot Size | 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 Dates
The Baazar Style Retail IPO date is August 30 and the close date is September 3. The Baazar Style Retail IPO allotment will be finalized on September 4 and the IPO listing on September 6.
| IPO Open Date: | August 30, 2024 |
| IPO Close Date: | September 3, 2024 |
| Basis of Allotment: | September 4, 2024 |
| Refunds: | September 5, 2024 |
| Credit to Demat Account: | September 5, 2024 |
| IPO Listing Date: | September 6, 2024 |
Promoters of Baazar Style Retail
The promoters of the company are Pradeep Kumar Agarwal, Rohit Kedia, Shreyans Surana, Bhagwan Prasad, Rajendra Kumar Gupta, Rajendra Kumar Gupta (HUF), and Sri Narsingh Infrastructure Private Limited
About Baazar Style Retail
Baazar Style Retail Limited (Style Baazar) is a top value fashion retailer in West Bengal and Odisha, with the largest retail presence in Eastern India. From 2017 to 2023, it was the fastest-growing value retailer, with 153 stores spanning over 1.39 million square feet in 140 cities. As of December 31, 2023, the company operates 153 stores under the brand ‘Style Bazaar’, which has developed over the years through a wide range of products, resulting in strong customer loyalty and recognition. The company’s largest retail footprint in Eastern India is compared to Listed Value Retailers in Fiscal 2023.
The company offers a range of apparel and general merchandise for various age groups, including children and infants. The middle class, particularly the youth and young families that are conscious about fashion but also budget-conscious individuals, is the target of this organization. The company focuses on providing a family-friendly shopping experience while offering high-quality products at reasonable prices. It also expands into untapped markets by providing a diverse range of brands, apparel, and customized products. The company operates stores using a cluster-based expansion model, which improves supply chain and inventory management efficiencies, brand visibility, marketing expenditure optimization, and human resource utilization.
Baazar Style Retail Company Financial Report
The company reported revenue of ₹982.83 crores in 2024 against ₹794.39 crore in 2023. The company reported profit of ₹21.94 crores in 2024 against loss of ₹5.10 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹561.14 | ₹571.19 | ₹8.01 | ₹7,54.20 |
| 2023 | ₹794.39 | ₹788.98 | ₹5.10 | ₹8,67.11 |
| 2024 | ₹982.83 | ₹953.61 | ₹21.94 | ₹11,65.97 |
Baazar Style Retail IPO Valuation – FY2024
Check Baazar Style Retail IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 10.74% |
| ROCE: | 18.39% |
| EBITDA Margin: | 14.61% |
| PAT Margin: | 2.23% |
| Debt to equity ratio: | 0.76 |
| Earning Per Share (EPS): | ₹3.14 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 10.32% |
| Net Asset Value (NAV): | ₹30.43 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| V-Mart Retail Limited | -48.93 | NA | -12.98 | NA | – Cr. |
| V2 Retail Limited | 8.04 | 138.88 | 10.12 | 79.42 | – Cr. |
Objects of the Issue
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company.
- General corporate purposes.
Baazar Style Retail IPO Review
- IPO Watch – Avoid
- Canara Bank –
- DRChoksey FinServ –
- Emkay Global –
- Hem Securities –
- IDBI Capital –
- Marwadi Shares –
- Nirmal Bang –
- SBICAP Securities –
- Sharekhan –
- SMC Global –
- Sushil Finance –
- Swastika Investmart – Neutral
- Ventura Securities –
- Geojit –
- Reliance Securities –
- Capital Market –
- BP Wealth –
- ICICIdirect –
- Choice Broking –
Baazar Style Retail IPO Registrar
Link Intime India Private Ltd
Phone: +91 810 811 4949
Email: [email protected]
Website: https://linkintime.co.in/
IPO Lead Managers aka Merchant Bankers
- Axis Capital Limited
- Intensive Fiscal Services Private Limited
- JM Financial Limited
Company Address
Baazar Style Retail Limited (Style Baazar)
P S Srijan Tech Park, DN-52, 12th Floor,
Street Number 11, DN Block, Sector V, Salt Lake,
North 24 Parganas, Kolkata, – 700 091, West Bengal
Phone: (+91 33) 6125 6125
Email: [email protected]
Website: www.stylebaazar.in
Baazar Style Retail IPO FAQs
What is Baazar Style Retail IPO?
Baazar Style Retail IPO is a main-board IPO. The company is going to raise ₹834.68 Crores via IPO. The issue is priced at ₹370 to ₹389 pr equity share. The IPO is to be listed on BSE & NSE.
When Baazar Style Retail IPO will open for subscription?
The IPO is to open on August 30, 2024 for QIB, NII, and Retail Investors. The IPO will close on August 29, 2024.
What is Baazar Style Retail IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply the Baazar Style Retail IPO?
You can apply for Baazar Style Retail IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
What is Baazar Style Retail Issue Size?
Baazar Style Retail issue size is ₹834.68 crores.
What is Baazar Style Retail IPO Price Band?
Baazar Style Retail IPO Price Band is ₹370 to ₹389.
What is Baazar Style Retail IPO Lot Size?
The minimum bid is 38 Shares with ₹14,782 amount.
What is the Baazar Style Retail IPO Allotment Date?
Baazar Style Retail IPO allotment date is September 4, 2024.
What is the Baazar Style Retail IPO Listing Date?
Baazar Style Retail IPO listing date is September 6, 2024. The IPO is to list on BSE and NSE.