Baazar style retail IPO a 100% book-built offer IPO, Baazar style retail also known as the famous brand Style Baazar. IPO opens on Friday, August 30, 2024, and closes date Tuesday, September 3, 2024, and this IPO list NSE and BSE both stock exchanges on Friday, September 6, 2024. According to the company submitted RHP total issue size is 21,456,947 Equity shares value (₹834.68 Crores).
The company declared one share price range is ₹370 to ₹389 per equity share, and each share’s face value is Rs 5. One lot size is 38 equity shares. The retail investor minimum investment required for this IPO is ₹14,782 and the retail investor maximum invests 13 Lots 494 Shares ₹192,166 rupees. Small HNI investors’ minimum investment required 14 Lots of 532 Shares ₹206,948 rupees.
Baazar Style Retail ( Style Baazar ) IPO Details
| Company Name | Baazar Style Retail Limited |
| IPO Offer Type | 100% book-built issue |
| Share Issue Type | Fresh Share & OFS |
| Fresh Issue Size | 3,804,627 Equity Shares Valued at ₹148.00 Crores |
| Offer For Sale ( OFS ) | 17,652,320 Equity Shares Valued at ₹686.68 Crores |
| Total Issue Size | 21,456,947 Equity shares value (₹834.68 Crores) |
| Face Value | ₹5 |
| One Lot Size | 38 Equity Shares |
| Price Range | ₹370/- to ₹389/- per share |
| Employee Discount | ₹35 Per Share |
| Listing Platform | NSE & BSE |
| Book Running Lead Manager | Axis Capital Limited, Intensive Fiscal Services Pvt. Ltd, JM Financial Limited |
| Name of the Registrar | Link Intime India Private Limited |
| Baazar Style Retail IPO RHP | Check Here |
| Baazar Style Retail IPO DRHP | Check Here |
Style Baazar IPO Date & Time Details
| EVENTS | DATE & TIME |
|---|---|
| Issue Period | 30/08/2024 to 03/09/2024 |
| IPO Open | August 30, 2024, Friday |
| IPO Close | September 3, 2024, Tuesday |
| Bidding Time | 10.00 A.M to 5.00 P.M |
| Share Allotment Status Check | September 4, 2024, Wednesday |
| Initiation of Refunds | September 5, 2024, Thursday, |
| Share Credit of Demat Accounts | September 5, 2024, Thursday, |
| Share List on NSE, BSE | September 6, 2024, Friday |
| Cut-off Time for UPI Mandate Confirmation | September 3, 2024 at 5.00 P.M |
| Mode of Bid | ASBA process or UPI only |
Baazar Style Retail IPO Investors Investment Required
| Investor Types | Minimum Investment | Maximum Investment |
| Retail Investors | 1 Lot 38 Shares ₹14,782 | 13 Lots 494 Shares ₹192,166 |
| Small ( NII ) | 14 Lots 532 Shares ₹206,948 | 67 Lots 2,546 Shares ₹990,394 |
| Big ( Non-Institutional Investors) | 68 Lots 2,584 Shares ₹1,005,176 | – |
Baazar Style Retail IPO Category Wise Reservation
| Category | Total Limit ( % ) |
| Retail Investors | Not Less than 35.00% of the net Issue. |
| Non-Institutional Investors ( NII ) | Not Less than 15.00% of the net issue. |
| QIB Investors | Not More than 50.00% of the net issue. |
Baazar Style Retail IPO GMP Today LIVE ( Grey Market Premium )
Baazar Style Retail IPO GMP Today running on the Grey market ₹140. Company issue price ₹389 which means share trade 47% premium. For a LIVE update on Baazar Style Retail IPO GMP Check Here.
Baazar Style Retail IPO Management Commentary LIVE Video
Baazar Style Retail Limited Business Details
Baazar Style Retail Limited was founded in June 2013, As of March 31, 2024, the company operates 162 stores across 146 major cities, covering over 1.47 million square feet. Most of these stores operate under the brand name Style Bazaar. The company offers a wide range of products under two main categories: apparel and general merchandise. The apparel category includes clothing for men, women, boys, girls, and infants, while the general merchandise category covers non-apparel items and home furnishings. This company’s famous investor Rekha Rakesh Jhunjhunwala currently holds a 7.69% stake.
This company mainly earns more revenue from West Bengal and Odisha in these two states. The company’s market share is 3.03% in West Bengal and 2.22% in Odisha. Also, the company is located in other states like Bihar, Assam, Andhra Pradesh, Tripura, Chhattisgarh, Jharkhand and Uttar Pradesh.
Baazar Style Retail Ltd Financial Performance
| Particulars | 31 March, 2024 | 31 March, 2023 | 31 March 2022 |
| Sales/Revenue | 982.83 | 794.39 | 561.14 |
| Total Expenses | 953.61 | 788.98 | 571.19 |
| Net Profit After Tax | 21.94 | 5.10 | – 8.00 |
| Cash & Cash Equivalents | 14.08 | 5.14 | 22.97 |
| Total Assets | 1,165.97 | 867.11 | 754.20 |
| Reserves and Surplus | 180.20 | 158.66 | 110.48 |
| Total Borrowing | 178.23 | 115.18 | 101.57 |
| Net Cashflow | 111.62 | 32.91 | 15.59 |
| Equity Share capital | 34.93 | 34.93 | 33.29 |
| Basic EPS in Rupees | ₹3.14 | ₹0.76 | –1.31 |
| Net asset value ( NAV ) in Rupees | ₹30.43 | ₹27.35 | ₹21.21 |
Baazar Style Retail Fundamental Key Details
| Particulars | 31 March, 2024 | 31 March, 2023 | 31 March 2022 |
| ROE% | 10.74% | 3.02% | – 6.86% |
| ROCE% | 18.39% | 13.77% | 6.59% |
| Debt to Equity Ratio (In Times) | 0.76 | 0.57 | 0.55 |
| PAT Margin% | 2.23% | 0.64 | – 1.43 |
| Return on Net Worth% | 10.32% | 2.67% | – 5.67 |
| EBITDA Margin% | 14.61 | 12.88 | 12.40 |
| Working Capital Days | 8.89 | 25.69 | 17.96 |
| Inventory Turnover Ratio (In Times) | 1.73 | 1.79 | 1.56 |
Baazar Style Retail Competitors Name
- Baazar Kolkata
- M Baazar
- Citykart
- V2 Retail
- V Mart
Baazar Style Retail Limited Board of Directors & Promoters
Bhagwan Prasad, Sri Narsingh Infrastructure Private Limited, Rohit Kedia, Shreyans Surana, Rajendra Kumar Gupta (HUF), Sabita Agarwal, Pradeep Kumar Agarwal and Rajendra Kumar Gupta are promoters of Baazar Style Retail Limited.
| Name | Designation |
| Pradeep Kumar Agarwal | Chairman and Whole-time Director |
| Rohit Kedia | Whole-time Director |
| Shreyans Surana | Managing Director |
| Bhagwan Prasad | Whole-time Director |
| Ushma Sheth Sule | Nominee Director |
| Dhanpat Ram Agarwal | Independent Director |
| Richa Manoj Goyal | Independent Director |
| Prashant Singhania | Independent Director |
| Saurabh Mittal | Independent Director |
| Rishabh Narendra Jain | Independent Director |
Baazar Style Retail Limited Object of the Issue
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Baazar Style Retail Limited.
- General corporate purposes.
Check IPO Allotment Status From Issue Registrar
| Registrar | Link Intime India Private Limited |
| Address: | C-101, 247 Park, 1st Floor L.B.S. Marg, Vikhroli West Mumbai 400 083 Maharashtra, India |
| Tel. Number: | +91 810 811 4949 |
| E-mail: | [email protected] |
| Check Allotment>> | linkintime.co.in/initial_offer/public-issues.html |
Baazar Style Retail Office Address & Contact Details
| Address: | 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 |
| Tel No: | (+91 33) 6125 6125 |
| Email Id: | [email protected] |
| Website: | https://stylebaazar.in/ |
