Bazzar Style Retail IPO is scheduled to open on August 30, 2024, and will subsequently close on September 03, 2024. This book-built issue aims to raise approximately ₹834.68 crores. Specifically, it includes a fresh issue of ₹148 crores and also features an offer for sale of up to 17,652,320 equity shares, each with a face value of ₹5.
Table of contents
- Baazar Style Retail IPO Overview
- Company Details
- Key Dates
- Baazar Style Retail Financials (₹ in Crores)
- Objective of the Issue
- Company Promoters
- Baazar Style Retail IPO GMP (Grey Market Premium)
- Baazar Style Retail IPO Application Form PDF
- IPO Subscription Status
- IPO Allotment Status
- IPO Review
- IPO Registrar
- IPO Lead Manager
- Baazar Style Retail Contact
Baazar Style Retail IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Baazar Style Retail |
| Industry | Fashion Retail |
| IPO Issue Type | Book Built Issue |
| Open Date | August 30, 2024 |
| Close Date | September 03, 2024 |
| Total Issue Size | ₹834.68 Crores(21,456,947 Equity Shares) |
| Face Value | ₹5 Per Equity Share |
| Fresh Issue | ₹148 Crores(3,804,627 Equity Shares) |
| Price Band | ₹370 to ₹389 Per Share |
| Listing on | BSE & NSE |
| Lot Size | 38 shares |
| Offer for Sale | ₹686.68 Crores(17,652,320 Equity Shares) |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
Style Baazar is a leading value fashion retailer in West Bengal and Odisha, with the largest retail presence in Eastern India. Between 2017 and 2023, it grew rapidly, expanding to 153 stores across 140 cities, covering 1.39 million square feet. By the end of 2023, Style Baazar had established a strong brand with loyal customers thanks to its diverse product range.
The company caters to middle-class families, especially the youth and young families who are fashion-conscious but budget-minded. They offer a wide selection of apparel and general merchandise for all ages, including children and infants, all at affordable prices. Style Baazar also targets untapped markets by providing a variety of brands and customized products. Their cluster-based expansion strategy enhances supply chain efficiency, brand visibility, marketing efforts, and human resource management.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | August 30, 2024 |
| IPO Close Date | September 03, 2024 |
| Basis of Allotment | September 04, 2024 |
| Refunds | September 05, 2024 |
| Credit to Demat Account | September 05, 2024 |
| IPO Listing Date | September 06, 2024 |
Baazar Style Retail Financials (₹ in Crores)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | ₹982.83 | ₹794.39 | ₹561.14 |
| Expense | ₹953.61 | ₹788.98 | ₹571.19 |
| Profit After Tax | ₹21.94 | ₹5.10 | -₹8.01 |
| Assets | ₹1165.97 | ₹867.11 | ₹754.20 |
Objective of the Issue
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company.
- General corporate purposes.
Company Promoters
- Mr. Pradeep Kumar Agarwal
- Mr. Rohit Kedia
- Mr. Shreyans Surana
- Mr. Bhagwan Prasad
- Mr. Rajendra Kumar Gupta
- Mr. Rajendra Kumar Gupta (HUF)
- Sri Narsingh Infrastructure Private Limited
Baazar Style Retail IPO GMP (Grey Market Premium)
Curious about the latest Grey Market Premium (GMP) for the Baazar Style Retail IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Baazar Style Retail. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Baazar Style Retail IPO Application Form PDF
To download the Baazar Style Retail IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
IPO Subscription Status
This IPO subscription kicks off on August 30, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
IPO Allotment Status
To check the allotment status go to the IPO registrar website Link Intime or go to IPO Allotment.
To check the allotment status, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- Bazaar Style Retail Limited has established a dominant presence in West Bengal and Odisha, leveraging its regional expertise to cater to customer preferences.
- The company offers a comprehensive selection of apparel for all age groups along with non-apparel and home furnishing products.
- Focused on providing stylish merchandise at competitive prices, Bazaar Style Retail captures the value-conscious segment of the market.
- With 162 stores across 9 states, the company has a well-established retail footprint, contributing to its brand visibility and customer reach.
- A skilled in-house team of 57 personnel ensures products align with regional tastes and current market trends, providing a competitive edge.
Risks:
- The company’s primary operations are concentrated in West Bengal and Odisha.
Expansion into new regions carries the challenge of competing with established local and national brands. - With a large store network and expanding footprint, maintaining profitability while managing overhead costs is a constant challenge.
- The focus on affordability may limit profit margins and leave the company vulnerable to rising input costs or pricing pressures.
- The retail sector is sensitive to broader economic cycles, which could affect consumer spending, especially in discretionary categories like fashion.
IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 81081 149499
Email: ecorentacar.ipo@linkintime.co.in
Website: www.linkintime.co.in
IPO Lead Manager
- Axis Capital Limited
- Intensive Fiscal Services Private Limited
- JM Financial Limited
Baazar Style Retail Contact
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: secretarial@stylebaazar.com
Website: www.stylebaazar.in
Baazar Style Retail offer size is ₹834.68 crores.
Baazar Style Retail public offer price is ₹370 to ₹389 per share.
Baazar Style Retail lot size is 38 shares.
For Baazar Style Retail GMP please refer to this IPO GMP Page.
Baazar Style Retail allotment date is September 4, 2024.
Baazar Style Retail listing date is September 6, 2024. The IPO is to be listed on BSE & NSE.
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