Baazar Style Retail IPO
Open MainLineCurrent GMP
₹65 (+16.71%)
Price Band
₹ 370 – 389
Lot Size
38
Issue Size
₹834.68 Cr
Minimum Investment
₹14782 (38 Shares)
Listing Date
06 September 2024
Subscription
40.63x
About the Company
Established on June 3, 2013, as Dwarkadas Mohanlal Private Limited, the company later changed its name to Baazar Style Retail Private Limited on November 21, 2013. It transitioned to Baazar Style Retail Limited on January 6, 2022, upon becoming a public limited company.
Bazaar Style Retail Limited is a prominent entity in the retail sector, specialising in a wide range of products catering to diverse consumer needs. Their offerings include an extensive selection of ready-made garments, textiles, and accessories, marketed under various brands to meet evolving fashion trends.
Operating from strategically located manufacturing facilities, Bazaar Style Retail Limited ensures seamless production and distribution. With a focus on quality and innovation, their manufacturing plants leverage modern technologies to maintain high standards across their product range.
In addition to direct sales channels, Bazaar Style Retail Limited collaborates with a network of distributors and retailers, ensuring the widespread availability of their products.
The company is also dedicated to environmental responsibility, with initiatives in place to minimise its ecological footprint. This commitment is underscored by their pursuit of certifications such as ISO 14001:2015, highlighting their proactive approach to sustainable business practices.
Peer Details
The following are the listed peers of Bazaar Style Retail Limited:
- V-Mart Retail Limited
- V2 Retail Limited
Promoters
The Promoters of the company are
- Pradeep Kumar Agarwal
- Rohit Kedia
- Shreyans Surana
- Bhagwan Prasad
- Rajendra Kumar Gupta
- Sabita Agarwal
- Rajendra Kumar Gupta (HUF)
- Sri Narsingh Infrastructure Private Limited
Promoters Holding
Holding Pre Issue
55.03%
Holding Post Issue
0.00%
Objects of the Issue
The company plans to allocate the net proceeds from the issue for the following purposes:
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company.
- To cover all costs associated with the listing of equity shares on the stock exchanges. These expenses include listing fees, legal fees, commissions, marketing costs, and other miscellaneous expenses, ensuring a smooth and successful listing process.
- General corporate purposes in adherence to Board-approved initiatives and regulatory guidelines. This allocation will boost business operations, support growth, and ensure optimal capital utilisation.
Address / Contact Info
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
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 30 August 2024
IPO Close Date
Tuesday, 03 September 2024
Basis of Allotment
Wednesday, 04 September 2024
Initiation of Refunds
Thursday, 05 September 2024
Credit of Shares to Demat
Thursday, 05 September 2024
Listing Date
Friday, 06 September 2024 — NSE & BSE
Important Dates
Open Date
30 August 2024
Close Date
03 September 2024
Basis Of Allotment
04 September 2024
Listing Date
06 September 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 |
|---|---|
| Assets | 1165.97 |
| Revenue | 982.83 |
| Profit After Tax | 21.94 |
| Net Worth | 212.56 |
| Reserve & Surplus | 180.2 |
| Total Borrowings | 178.23 |
EPS Pre
3.10%
EPS Post
2.94%
P/E Pre
125.54
P/E (Post Issue)
132.28x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 10.74 |
| ROCE % | 18.39 |
| Debt / Equity | 0.76 |
| RoNW % | 10.32 |
| PbW | 12.78 |
| Pat Margin % | 2.23 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 6429372 | 29.96 | 0 |
| Qualified Institutions | 4286248 | 19.97 | 0 |
| Non-Institutional | 3214686 | 14.98 | 0 |
| BNII | 2143124 | 9.99 | 4028 |
| SNII | 1071562 | 4.99 | 2014 |
| Retail Investors | 7500934 | 34.95 | 197393 |
| Employees | 28248 | 0.13 | 0 |
| Total | 21459488 | 100 | 0 |
Subscription Status ( Tue, 03 Sep 24 12:22 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 4286248 | 350722938 | 81.83x |
| Non-Institutional | 3214686 | 190969532 | 59.41x |
| BNII | 2143124 | 148447494 | 69.27x |
| SNII | 1071562 | 42522038 | 39.68x |
| Retail Investors | 7500934 | 68050476 | 9.07x |
| Employees | 28248 | 990812 | 35.08x |
| Total | 15030116 | 610733758 | 40.63x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 38 | 14,782.00 |
| Retail (Max) | 13 | 494 | 192,166.00 |
| S-HNI (Min) | 14 | 532 | 206,948.00 |
| S-HNI (Max) | 67 | 2,546 | 990,394.00 |
| B-HNI (Min) | 68 | 2,584 | 1,005,176.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Axis Capital Limited
- Intensive Fiscal Services Private Limited
- JM Financial Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Baazar Style Retail IPO is a Book-building IPO worth ₹834.68 crores. The price band is ₹370 to 389 per share. The IPO opens on Fri, Aug 30, 2024 and closes on Tue, Sep 3, 2024. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Baazar Style Retail IPO opens on Fri, Aug 30, 2024 and closes on Tue, Sep 3, 2024
Baazar Style Retail IPO Price Band is ₹370 to 389.
Baazar Style Retail IPO lot size is 38, and the minimum amount required for application is ₹14782.
The minimum investment for Baazar Style Retail IPO is approximately ₹14782 based on the upper price band.
To apply for the Baazar Style Retail IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Sep 3, 2024. After submission, funds are blocked until the basis of allotment of Baazar Style Retail IPO is finalised.
Baazar Style Retail IPO issue size is ₹834.68 crores.
Baazar Style Retail IPO allotment date is Sat, Jun 27, 2026.
The registrar for Baazar Style Retail IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Baazar Style Retail IPO through their official website or helpline.
The Baazar Style Retail IPO GMP (Grey Market Premium) is ₹65 as of Tue, Sep 3, 2024. Based on the upper price band of ₹389 per share, the estimated Baazar Style Retail IPO listing price is ₹454, indicating a potential listing gain of approximately 31% over the issue price.