Baazar Style Retail Limited
CORPORATE IDENTITY NUMBER: U18109WB2013PLC194160
Baazar Style Retail Limited is a book-built issue of Rs. 834.68 Crores. The issue is the merger of a fresh issue of 0.38 crore shares collected to Rs. 148.00 crores and an offer for sale of 1.77 crore shares aggregating to Rs 686.68 crores.
Baazar Style Retail Limited IPO is publically open on August 30, 2024, and closes on 3rd September 2024.
Allotment of shares on Thursday, 4th September 2024, and Baazar Style Retail Limited IPO will list on BSE, NSE with the subject (to) listing date fixed as Friday, September 06, 2024.
Baazar Style Retail Limited’s IPO price is set at ₹370 to ₹389 per share. The minimum lot size for retail investors is 38 Shares and the minimum amount required ₹14,782. The minimum lot size in sNII is 14 lots (532 shares), amounting to ₹206,948. And for bNII a minimum lot size is 68 lots (2,584 shares), amounting to ₹1,005,176.
Employees Quota: The issue includes a reservation of up to 28,248 shares for employees offered at a discount of Rs 35 to the issue price.
More Information about Baazar Style Retail Limited IPO is in RHP of Baazar.
Baazar Style Retail IPO 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 | Rs 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 |
Baazar Style Retail IPO Time Table (Subject (to) Schedule)
Baazar Style Retail IPO opens on August 30, 2024, and closes on September 3, 2024.
| IPO Open Date | Friday, August 30, 2024 |
| IPO Close Date | Tuesday, September 3, 2024 |
| Basis of Allotment | Wednesday, September 4, 2024 |
| Initiation of Refunds | Thursday, September 5, 2024 |
| The credit of Shares to Demat | Thursday, September 5, 2024 |
| Listing Date | Friday, September 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 3, 2024 |
Baazar Style Retail IPO Lot Size
Investors can bid for a minimum of 38 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 38 | ₹14,782 |
| Retail (Max) | 13 | 494 | ₹192,166 |
| S-HNI (Min) | 14 | 532 | ₹206,948 |
| S-HNI (Max) | 67 | 2,546 | ₹990,394 |
| B-HNI (Min) | 68 | 2,584 | ₹1,005,176 |
Baazar Style Retail IPO Reservation
Baazar Style Retail IPO offers 2,14,59,488 shares. 42,86,248 (19.97%) to QIB, 32,14,686 (14.98%) to NII, 75,00,934 (34.95%) to RII, 28,248 (0.13%) to employees and 64,29,372 (29.96%) to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 64,29,372 (29.96%) | NA |
| QIB Shares Offered | 42,86,248 (19.97%) | NA |
| NII (HNI) Shares Offered | 32,14,686 (14.98%) | |
| bNII > ₹10L | 21,43,124 (9.99%) | 4,028 |
| sNII < ₹10L | 10,71,562 (4.99%) | 2,014 |
| Retail Shares Offered | 75,00,934 (34.95%) | 1,97,393 |
| Employee Shares Offered | 28,248 (0.13%) | NA |
| Total Shares Offered | 2,14,59,488 (100%) |
Baazar Style Retail IPO Promoter Holding
The list of Baazar Style Retail’s promoters:
- Pradeep Kumar Agarwal
- Rohit Kedia
- Shreyans Surana
- Bhagwan Prasad
- Rajendra Kumar Gupta
- Sabita Agarwal
- Rajendra Kumar Gupta (HUF)
- Sri Narsingh Infrastructure Private Limited.
| Share Holding Pre Issue | 55.03% |
| Share Holding Post Issue |
Baazar Style Retail IPO Anchor Investor’s Details
Baazar Style Retail IPO raises Rs 250.10 crore from anchor investors. Baazar Style Retail IPO Anchor’s bid date is August 29, 2024.
| Bid Date | August 29, 2024 |
| Shares Offered | 6,429,372 |
| Anchor Portion Size (In Cr.) | 250.10 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 4, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 3, 2024 |
About Baazar Style Retail Limited
Bazaar Style Retail Limited was established in June 2013. The company is a fashion retailer in West Bengal and Odisha. The company manufactures men, women, boys, girls, and infants and general merchandise such as non-apparel and home furnishing products.
Mainly company is working on providing a family-oriented shopping experience, offering quality products, and striving to offer every Indian stylish merchandise at the cheapest price. The company maintains its quality at affordable prices.
Bazaar Style Retail Limited runs in Odisha, Bihar, Assam, Jharkhand, Andhra Pradesh, Uttar Pradesh, Tripura, and Chhattisgarh.
On March 31, 2024, the stores averaged 9,046 square feet and were staffed by trained employees to enhance customer experience with affordable prices.
On March 31, 2024, the company has expanded across 9 states and operates 162 stores.
On March 31, 2024, The company had an in-house marketing team consisting of 13 personnel.
Baazar Style Retail Limited Financial Information (Restated Consolidated)
| Period Ended | 31 Mar 2024 | |||||||||
| Assets | 1,165.97 | |||||||||
| Revenue | 982.83 | |||||||||
| Profit After Tax | 21.94 | |||||||||
| Net Worth | 212.56 | |||||||||
| Reserves and Surplus | 180.2 | |||||||||
| Total Borrowing | 178.23 | |||||||||
| Amount in ₹ Crore | ||||||||||
Key Performance Indicator
The market capitalization of Baazar Style Retail IPO is Rs 2902.55 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 10.74% |
| ROCE | 18.39% |
| Debt/Equity | 0.76 |
| RoNW | 10.32% |
| P/BV | 12.78 |
| PAT Margin (%) | 2.23 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.1 | 2.94 |
| P/E (x) | 125.54 | 132.28 |
Objects of the Issue (Baazar Style Retail IPO Objectives)
The money of the IPO will be in:
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company
- General corporate purposes.
Baazar Style Retail IPO Prospectus
- › Baazar Style Retail IPO DRHP
- › Baazar Style Retail IPO RHP
- › Anchor Investors in Baazar Style Retail IPO
Baazar Style Retail Limited Contact Details
Baazar Style Retail Limited
P S Srijan Tech Park, DN-52, 12th Floor,
Street Number 11, DN Block, Sector V, Salt Lake
North 24 Parganas, Kolkata, – 700091
Phone: +91 3361256125
Email: secretarial@stylebaazar.com
Website: https://stylebaazar.in/
Baazar Style Retail IPO Registrar
Phone: +91-22-4918 6270
Email: baazarstyle.ipo@jmfl.com
Website: https://linkintime.co.in/initial_offer/public-issues.html
Baazar Style Retail IPO – Buy or Not
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 7 | 1 | 1 |
| Members | 0 | 0 | 2 |
