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IPO 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.

EventDate
Baazar Style Retail Ltd IPO Opening Date30 August 2024
Baazar Style Retail Ltd IPO Closing Date 3 September 2024
Basis of Allotment4 September 2024
Initiation of Refunds5 September 2024
Credit of Shares to Demat5 September 2024
Baazar Style Retail Ltd IPO Listing Date6 September 2024

Baazar Style Retail Ltd IPO Details

Baazar Style Retail Ltd IPO Date30 August 2024 to 3 September 2024
Baazar Style Retail Ltd IPO Face Value5 per share
Baazar Style Retail Ltd IPO Price370 to ₹389 per share
Baazar Style Retail Ltd IPO Lot Size38
Issue SizeShares of ₹5 (aggregating up to ₹834.68 Cr)
Fresh IssueShares of ₹5 (aggregating up to ₹148 Cr)
Offer for SaleShares of ₹5 (aggregating up to ₹686.68 Cr)
Issue Type(Book Built Portion)
Listing At BSE, NSE
QIB Shares OfferedNot more than 42,86,248 of the Net Offer
Retail Shares OfferedNot less than 75,00,934 of the Net Offer
NII (HNI) Shares OfferedNot less than 32,14,686 of the Net Offer
Company PromotersPradeep 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 LotsSharesAmount
Minimum138₹14,782
Maximum13494₹1,92,166
  • 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 AssetsTotal RevenueProfit After Tax
03-20241,165.85982.621.99
03-2023867.11794.395.10
03-2022754.2561.14-8.01
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 Holding3.21%
Post Issue Share Holding3.05%

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)

CategoryQIBNIIRetailEmployeeTotal
Subscription (times)81.8359.439.1235.3640.66

Baazar Style Retail Ltd IPO Prospectus

Baazar Style Retail Ltd IPO Listing Date

Listing Date6 September 2024
BSE Script 544243
NSE SymbolSTYLEBAAZA
Listing In BSE, NSE
ISININE01FR01028
IPO Price389
Face Value5

Company Contact Information

Baazar Style Retail Ltd
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

Phone:+91 810 811 4949
Email: baazarstyle.ipo@linkintime.co.in
Website: www.linkintime.co.in

Baazar Style Retail Ltd IPO Lead Manager(s)

  1. Axis Capital Ltd
  2. Intensive Fiscal Services Pvt Ltd
  3. JM Financial Ltd

FAQ

What is the issue size of Baazar Style Retail Ltd IPO?

Baazar Style Retail Ltd IPO, which opens for subscription from to 3 September 2024 has an issue size of ₹834.68 crore. The issue type is book building issue.

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.

What are the open and close dates for Baazar Style Retail Ltd IPO?

Baazar Style Retail Ltd IPO Opens for subscription from 30 August 2024 to 3 September 2024

What is the lot size and minimum order quantity of the Baazar Style Retail Ltd IPO?

The lot size of Baazar Style Retail Ltd is 38 shares. Retail investors can subscribe to minimum 1 lot and maximum 13 lots. The minimum and maximum application value is ₹14,782 and ₹1,92,166 respectively.

What are the allotment dates for the Baazar Style Retail Ltd IPO?

Allotment date for Baazar Style Retail Ltd is 4 September 2024 and refund of application amount (in case allotment is not received) will begin from 5 September 2024. If your allotment goes through, then shares will be credited in your Demat account by 5 September 2024.

Who is the registrar of Baazar Style Retail Ltd IPO?

The registrar for Baazar Style Retail Ltd IPO is MUFG Intime India Pvt Ltd. You can check your IPO allotment status on the registrar's website.

Where is the Baazar Style Retail Ltd IPO getting listed?

The shares of Baazar Style Retail Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)