Baazar Style Retail Ltd
Price Range
₹370 - ₹389
-
Min. Quantity
38
Closes on
3 September 2024
-
Min. investment
₹14,782/494 Shares
Baazar Style Retail Ltd IPO Timeline
Baazar Style Retail Limited was incorporated as Dwarkadas Mohanlal Private Limited, a Private Limited Company on June 3, 2013, by the Registrar of Companies, at West Bengal. Subsequently, the name of the Company was changed to Baazar Style Retail Private Limited and a fresh Certificate of Incorporation dated November 26, 2013 was issued by the RoC. Upon the conversion of Company into a Public Limited, name of Company got changed to 'Baazar Style Retail Limited', and the RoC issued a fresh Certificate of Incorporation on January 6, 2022.
| Event | Date |
|---|---|
| Baazar Style Retail Ltd IPO Opening Date | 30 August 2024 |
| Baazar Style Retail Ltd IPO Closing Date | 3 September 2024 |
| Basis of Allotment | 4 September 2024 |
| Initiation of Refunds | 5 September 2024 |
| Credit of Shares to Demat | 5 September 2024 |
| Baazar Style Retail Ltd IPO Listing Date | 6 September 2024 |
Baazar Style Retail Ltd IPO Details
| Baazar Style Retail Ltd IPO Date | 30 August 2024 to 3 September 2024 |
| Baazar Style Retail Ltd IPO Face Value | ₹5 per share |
| Baazar Style Retail Ltd IPO Price | ₹370 to ₹389 per share |
| Baazar Style Retail Ltd IPO Lot Size | 38 |
| Issue Size | Shares of ₹5 (aggregating up to ₹834.68 Cr) |
| Fresh Issue | Shares of ₹5 (aggregating up to ₹148 Cr) |
| Offer for Sale | Shares of ₹5 (aggregating up to ₹686.68 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 42,86,248 of the Net Offer |
| Retail Shares Offered | Not less than 75,00,934 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 32,14,686 of the Net Offer |
| Company Promoters | Pradeep Kumar Agarwal, Rohit Kedia, Shreyans Surana |
Baazar Style Retail Ltd IPO Lot Size
The Baazar Style Retail Ltd IPO lot size is 38 shares. A retail-individual investor can apply for up to 13 lots (494 shares or ₹1,92,166).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 38 | ₹14,782 |
| Maximum | 13 | 494 | ₹1,92,166 |
- Strengths
- Risks
- Opportunities
- One of the fastest growing value retailer in eastern India with a market share of 3.03% and 2.22% in the states of West Bengal and Odisha, respectively in organized value retail market.
- Accelerated store expansion through a cluster-based approach.
- Strong understanding of customer preferences to offer a comprehensive, targeted and affordable product mix along with its private label brands leading to customer loyalty.
- High operational efficiency and lean cost structure due to strong focus on business processes and automation.
- Targeted marketing and promotion activities enabling increasing brand salience and garnering customer loyalty.
- Experienced promoters and a strong management team with a proven track record, backed by investors.
- Strong financial track record of growth.
Company Financials
Baazar Style Retail Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 1,165.85 | 982.6 | 21.99 |
| 03-2023 | 867.11 | 794.39 | 5.10 |
| 03-2022 | 754.2 | 561.14 | -8.01 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company
- General corporation purposes
Baazar Style Retail Ltd IPO Promoter Holding
| Pre Issue Share Holding | 3.21% |
| Post Issue Share Holding | 3.05% |
Baazar Style Retail Ltd IPO Subscription Status (Bidding Detail)
The Baazar Style Retail Ltd IPO is subscribed 40.66 times on 3 September 2024 05:00:00 PM. The public issue subscribed 9.12 times in the retail category, 81.83 times in the QIB category, and 59.43 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 81.83 | 59.43 | 9.12 | 35.36 | 40.66 |
Baazar Style Retail Ltd IPO Prospectus
Baazar Style Retail Ltd IPO Listing Date
| BSE Script | 544243 |
| NSE Symbol | STYLEBAAZA |
| Listing In | BSE, NSE |
| ISIN | INE01FR01028 |
| IPO Price | ₹389 |
| Face Value | ₹5 |
Company Contact Information
PS Srijan Tech Park DN-52 12thFlr St # 11 DN Block Sector V,Kolkata-700091
Phone: +91 33 6125 6125
Email: secretarial@stylebaazar.com
Website: www.stylebaazar.in
Baazar Style Retail Ltd IPO Registrar
Baazar Style Retail Ltd IPO Lead Manager(s)
- Axis Capital Ltd
- Intensive Fiscal Services Pvt Ltd
- JM Financial Ltd
FAQ
What is the issue size of Baazar Style Retail Ltd IPO?
I have pre-applied for Baazar Style Retail Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.