Bazaar Style Retail Limited is a fashion retailer operating in West Bengal and Odisha. The company offers apparel for men, women, boys, girls, and infants and general merchandise such as non-apparels and home furnishing products.
The company focuses on providing a family-oriented shopping experience, offering quality products and striving to offer every Indian stylish merchandise at an affordable price.
As of March 31, 2024, the stores averaged 9,046 square feet and were staffed by trained employees to enhance customer experience. The company operates in Odisha, Bihar, Assam, Jharkhand, Andhra Pradesh, Uttar Pradesh, Tripura, and Chhattisgarh.
As of March 31, 2024, the company has expanded across 9 states and operates 162 stores. As of March 31, 2024, The company had an in-house marketing team consisting of 13 personnel.
The company has a strong designing and merchandising team of 57 personnel who have experience understanding and sensing the regional preferences of its target customers. They work to provide the customers with the latest market trends through their experience in the retail and textile industries.
Baazar Style Retail IPO – Details
| IPO Opening Date | 30 August 2024 |
| IPO Closing Date | 03 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 2,14,56,947 Shares Worth ₹834.68 Crore Fresh Issue: 38,04,627 Shares Worth ₹148 Crore Offer For Sale: 1,76,52,320 Shares Worth ₹686.68 Crore |
| Face Value | ₹5 per equity share |
| IPO Price | ₹370 – ₹389 per share |
| Market Lot | 38 Shares |
| Min Order | 38 Shares (1 Lot) |
| Employee Discount | Rs 35 |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Baazar Style Retail IPO – Date Schedule
| IPO Open Date | 30 August 2024 |
| IPO Close Date | 03 September 2024 |
| Basis of Allotment | 04 September 2024 |
| Initiation of Refund | 05 September 2024 |
| Credit of Shares to Demat Account | 05 September 2024 |
| IPO Listing Date | 06 September 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 03, 2024 |
Baazar Style Retail IPO – Lots Size & Price
| 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 |
Competitive Strengths
- 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 the 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; and
- Strong financial track record of growth.
Company Promoters
- Pradeep Kumar Agarwal
- Rohit Kedia
- Shreyans Surana
- Bhagwan Prasad
- Rajendra Kumar Gupta
- Sabita Agarwal, Rajendra Kumar Gupta (HUF)
- Sri Narsingh Infrastructure Private Limited
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 (Standalone) | 561.13 | 571.18 | -8.00 | 101.56 |
| 31 March 2023 (Standalone) | 794.38 | 788.98 | 5.10 | 115.18 |
| 31 March 2024 (Consolidated) | 982.82 | 953.60 | 21.94 | 178.22 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 10.74% |
| ROCE | 18.39% |
| Debt/Equity | 0.76 |
| RoNW | 10.32% |
| P/BV | 12.78 |
| PAT Margin (%) | 2.23 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 3.1 | 2.94 |
| P/E (x) | 125.54 | 132.28 |
Object Of The Issue
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company; and
- General corporate purposes.
Baazar Style Retail IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 10 | V-Mart Retail Limited | – |
| 2 | 10 | V2 Retail Limited | 138.88 |
Baazar Style Retail IPO Promoter Holding
| Pre Issue Share Holding | 55.03% |
| Post Issue Share Holding | 52.22% |
Baazar Style Retail IPO Prospectus
Company Contact Information
| 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 Registrar
| 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(s)
| 1. JM Financial Limited 2. Axis Capital Limited 3. Intensive Fiscal Services Private Limited |
Baazar Style Retail IPO FAQs
| What is Baazar Style Retail IPO? Baazar Style Retail IPO is a main-board IPO. The issue is priced at ₹370 to ₹389 per equity share. The IPO is to be listed on BSE & NSE. |
| When Baazar Style Retail IPO will open? The IPO is to open on 30 August 2024 for QIB, NII, and Retail Investors. |
| What is Baazar Style Retail IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Baazar Style Retail IPO? You can apply Baazar Style Retail IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Baazar Style Retail IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Baazar Style Retail IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Baazar Style Retail IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Baazar Style Retail IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Baazar Style Retail IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Baazar Style Retail IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Baazar Style Retail IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Baazar Style Retail IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Baazar Style Retail IPO Size? Baazar Style Retail IPO size is ₹834.68 Crore. |
| What is Baazar Style Retail IPO Price Band? Baazar Style Retail IPO Price Band is ₹370 to ₹389. |
| What is Baazar Style Retail IPO Minimum and Maximum Lot Size for retail? The minimum bid is 38 Shares with ₹14,782 amount while the maximum bid is 494 Shares with ₹1,92,166. |
| What is the Baazar Style Retail IPO Allotment Date? Baazar Style Retail IPO allotment date is 04 September 2024. |
| What is the Baazar Style Retail IPO Listing Date? Baazar Style Retail IPO listing date is 06 September 2024. The IPO is to be listed on BSE and NSE. |
