Baazar Style Retail IPO
IPO Listing Details
- Listing Date
06 Sep 2024
- Listing Price
₹389.00
- Listing Change
0.00%
- Last Traded Price
₹347.10
IPO Details
- Open Date
30 Aug 2024
- Close Date
03 Sep 2024
- IPO
Price Range
₹ 370 to ₹ 389
- IPO
Size
₹ 834.68 Cr
- Listing Exchange
BSE, NSE
- Listing Date
06 Sep 2024
IPO Timeline
Baazar Style Retail IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 30-Aug-24 | 0.70 | 0.47 | 0.84 | 0.73 |
| 2-Sep-24 | 0.84 | 11.64 | 3.78 | 4.65 |
| 3-Sep-24 | 81.83 | 59.41 | 9.07 | 40.63 |
Last Updated: 03 September 2024 6:16 PM by 5Paisa
Last Updated: 3rd September 2024, 4:45 PM by 5paisa
Baazar Style Retail IPO is set to open on 30 August 2024 and will close on 03 September 2024. The company is a fashion retailer with a strong presence in West Bengal and Odisha.
The IPO includes a fresh issue of 38,04,627 shares aggregating up to ₹148 Cr and it also includes an offer for sale of 1,76,52,320 shares aggregating up to ₹686.68 Cr. The price range is ₹370 to ₹389 per share and the lot size is 38 shares.
The allotment is scheduled to be finalized on 04 September 2024. It will go public on BSE and NSE, with a tentative listing date of 06 September 2024.
Axis Capital Ltd, Intensive Fiscal Services Pvt Ltd and Jm Financial Ltd are the book-running lead managers, while Link Intime India Pvt Ltd is the registrar.
Baazar Style IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO Size | 834.68 |
| Offer For Sale | 686.68 |
| Fresh Issue | 148.00 |
Baazar Style IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 38 | 14,782 |
| Retail (Max) | 13 | 494 | 1,92,166 |
| S-HNI (Min) | 14 | 532 | 2,06,948 |
| S-HNI (Max) | 67 | 2,546 | 9,90,394 |
| B-HNI (Min) | 68 | 2,584 | 10,05,176 |
Baazar Style IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 81.83 | 42,86,248 | 35,07,22,938 | 13,643.12 |
| NII (HNI) | 59.41 | 32,14,686 | 19,09,69,532 | 7,428.71 |
| Retail | 9.07 | 75,00,934 | 6,80,50,476 | 2,647.16 |
| Total | 40.63 | 1,50,30,116 | 61,07,33,758 | 23,757.54 |
Baazar Style IPO Anchor Allocation
| Anchor Bid Date | 29 August, 2024 |
| Shares Offered | 6,429,372 |
| Anchor Portion Size (In Cr.) | 250.10 |
| Anchor lock-in period end date for 50% shares (30 Days) | 4 October, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | 3 December, 2024 |
1. Prepayment or repayment of all or a portion of certain outstanding borrowings.
2. General corporate purposes.
Established in June 2013, Bazaar Style Retail Limited is a fashion retailer with a strong presence in West Bengal and Odisha. The company specializes in offering a wide range of apparel for men, women, boys, girls, and infants, along with general merchandise such as non-apparel items and home furnishings.
Bazaar Style Retail focuses on delivering a family-centric shopping experience, providing quality products while ensuring stylish and affordable merchandise for every Indian.
As of March 31, 2024, the company’s stores average 9,046 square feet and are supported by well-trained staff to enhance the overall customer experience.
The company operates across Odisha, Bihar, Assam, Jharkhand, Andhra Pradesh, Uttar Pradesh, Tripura, and Chhattisgarh.
By March 31, 2024, Bazaar Style Retail expanded its footprint to 162 stores across 9 states.
The company’s in-house marketing team consists of 13 skilled personnel as of March 31, 2024.
Additionally, the company boasts a strong designing and merchandising team of 57 experts with deep knowledge of regional customer preferences. Leveraging their retail and textile industry experience, they ensure the latest market trends are reflected in the company’s offerings.
Peers
1. V-Mart Retail Ltd
2. V2 Retail Ltd
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 982.83 | 794.39 | 561.14 |
| EBITDA | 142.16 | 101.48 | 68.35 |
| PAT | 21.94 | 5.10 | -8.01 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 1,165.97 | 867.11 | 754.20 |
| Share Capital | 34.93 | 34.93 | 33.29 |
| Total Borrowings | 178.23 | 115.18 | 101.57 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 111.62 | 32.91 | 15.59 |
| Net Cash Generated From / (used in) investing activities | -84.54 | 43.02 | -26.53 |
| Net Cash Generated From / (used in) financing activities | -18.14 | -7.72 | 28.53 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 14.08 | 5.14 | 22.97 |
Strengths
1. Bazaar Style Retail Limited has established a dominant presence in West Bengal and Odisha, leveraging its regional expertise to cater to customer preferences.
2. The company offers a comprehensive selection of apparel for all age groups along with non-apparel and home furnishing products.
3. Focused on providing stylish merchandise at competitive prices, Bazaar Style Retail captures the value-conscious segment of the market.
4. With 162 stores across 9 states, the company has a well-established retail footprint, contributing to its brand visibility and customer reach.
5. A skilled in-house team of 57 personnel ensures products align with regional tastes and current market trends, providing a competitive edge.
Risks
1. 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.
2. With a large store network and expanding footprint, maintaining profitability while managing overhead costs is a constant challenge.
3. The focus on affordability may limit profit margins and leave the company vulnerable to rising input costs or pricing pressures.
4. The retail sector is sensitive to broader economic cycles, which could affect consumer spending, especially in discretionary categories like fashion.
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FAQs
Baazar Style Retail IPO opens from 30th August to 03rd September 2024.
The size of Baazar Style Retail IPO is ₹834.68 Cr.
The price of Baazar Style Retail IPO is fixed at ₹370 to ₹389 per share.
To apply for Baazar Style Retail IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Baazar Style Retail IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Baazar Style Retail IPO is 38 shares and the investment required is ₹14,782.
The share allotment date of Baazar Style Retail IPO is 04th September 2024
The Baazar Style Retail IPO will be listed on 06th September 2024.
Axis Capital Ltd, Intensive Fiscal Services Private Ltd and Jm Financial Ltd are the book-running lead managers for Baazar Style Retail IPO.
Bazaar Style Retail plans to utilize the raised capital from the IPO for:
1. Prepayment or repayment of all or a portion of certain outstanding borrowings.
2. General corporate purposes.
Contact Information
Baazar Style Retail
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 Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: baazarstyle.ipo@jmfl.com
Website: https://linkintime.co.in/initial_offer/public-issues.html
Baazar Style Retail IPO Lead Manager
Axis Capital Limited
Intensive Fiscal Services Private Limited
Jm Financial Limited
