Baazar Style Retail IPO (Baazar Style Retail Limited IPO)
Baazar Style Retail IPO open for bidding on 30th August 2024 and ends on 3rd September 2024.
Baazar Style Retail Limited is a leading value fashion retailer in Eastern India, primarily serving the states of West Bengal, Odisha, and Assam. Established in 2013, the company operates under the brand name “Style Bazaar,” offering a wide range of affordable and stylish merchandise that caters to the aspirations of the middle-class population.
Baazar Style Retail’s product portfolio is divided into two primary verticals: apparel (covering men, women, children, and infants) and general merchandise (including non-apparel items and home furnishings). This diversified range allows the company to meet the varied needs of its customers while maintaining a focus on quality and affordability.
For more details refer to Baazar Style Retail IPO RHP and Baazar Style Retail IPO Pulse Score
Baazar Style Retail IPO Details
| IPO Date | 30th August 2024 to 3rd September 2024 |
| Listing Date | 6th September 2024 |
| Face Value | ₹5 per share |
| Price Band | ₹370 to ₹389 per share |
| Lot Size | 38 Shares |
| Total Issue Size | 2,14,59,488 shares (aggregating up to ₹834.68 Cr) |
| Fresh Issue | 38,07,168 shares (aggregating up to ₹148.00 Cr) |
| Offer for Sale | 1,76,52,320 shares of ₹5 (aggregating up to ₹686.68 Cr) |
| Employee Discount | ₹35 per Share |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 64,29,372(30%) |
| QIB | 42,86,248(20%) |
| NII | 32,14,686(15%) |
| bNII | 21,43,124(10%) |
| sNII | 10,71,562(5%) |
| Retail | 75,00,934(34.9%) |
| Employees | 28,248(0.1%) |
| Total | 2,14,59,488(100%) |
Note: The financial data for March 2022 and March 2023 are presented on a standalone basis, while the data for March 2024 is provided on a consolidated basis.
Baazar Style Retail IPO Timeline
| IPO Open | 30th August 2024 |
| IPO Close | 3rd September 2024 |
| Basis Of Allotment | 4th September 2024 |
| Initiation of Refunds | 5th September 2024 |
| Credit of Shares to Demat | 5th September 2024 |
| Listing Date | 6th September 2024 |
Fundamentals
Data as of 31st March 2024
| Market Cap | ₹2902.55 Cr | P/E Ratio- Pre IPO | 125.54 |
| RoNW | 10.32% | P/E Ratio- Post IPO | 132.28 |
| RoCE | 18.39% | P/B Ratio | 12.78 |
| Debt to Equity | 0.76 | PAT Margin% | 2.23% |
Note: P/E Ratio -Pre IPO is calculated based on Pre-issue Shareholding and FY Earnings of March 2024. P/E Ratio- Post IPO is calculated based on Post-issue shareholding and annualized FY Earnings of March 2024.
Baazar Style Retail IPO Objectives
The company proposes to utilize the Net Proceeds towards the funding of the following objects:
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company; and
- General corporate purposes.
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