Baazar Style Retail IPO (Baazar Style Retail Limited IPO)
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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