Baazar Style Retail IPO vs Kross IPO

Comparision between Baazar Style Retail IPO and Kross IPO.

IPO Details

Baazar Style Retail IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Kross IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Baazar Style Retail IPO	Kross IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Axis Capital Limited Intensive Fiscal Services Private Limited Jm Financial Limited	Equirus Capital Private Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Baazar Style Retail IPO is up to ₹834.68 Cr whereas the issue size of the Kross IPO is up to ₹500.00 Cr. The final issue price of Baazar Style Retail IPO is ₹389.00 per share and of Kross IPO is ₹240.00 per share.

	Baazar Style Retail IPO	Kross IPO
Face Value	₹5 per share	₹5 per share
Issue Price (Lower)	₹370.00 per share	₹228.00 per share
Issue Price (Upper)	₹389.00 per share	₹240.00 per share
Issue Price (Final)	₹389.00 per share	₹240.00 per share
Discount (Retail)
Discount (Employee)	₹35.00 per share
Market Lot Size	38 shares	62 shares
Fresh Issue Size	38,04,627 shares	1,04,16,667 shares
Fresh Issue Size (Amount)	up to ₹148.00 Cr	up to ₹250.00 Cr
OFS Issue Size	1,76,52,320 shares	1,04,16,667 shares
OFS Issue Size (Amount)	up to ₹686.68 Cr	up to ₹250.00 Cr
Issue Size Total	2,14,56,947 shares	2,08,33,334 shares
Issue Size Total (Amount)	up to ₹834.68 Cr	up to ₹500.00 Cr

IPO Timetable

Baazar Style Retail IPO opens on Aug 30, 2024, while Kross IPO opens on Sep 09, 2024. The closing date of Baazar Style Retail IPO and Kross IPO is Sep 03, 2024, and Sep 11, 2024, respectively.

	Baazar Style Retail IPO	Kross IPO
Anchor Bid Date	Aug 29, 2024	Sep 06, 2024
Issue Open	Aug 30, 2024	Sep 09, 2024
Issue Close	Sep 03, 2024	Sep 11, 2024
Basis Of Allotment (Tentative)	Sep 04, 2024	Sep 12, 2024
Initiation of Refunds (Tentative)	Sep 05, 2024	Sep 13, 2024
Credit of Share (Tentative)	Sep 05, 2024	Sep 13, 2024
Listing date (Tentative)	Sep 06, 2024	Sep 16, 2024
Anchor Lockin End date 1	Oct 03, 2024	Oct 11, 2024
Anchor Lockin End date 2	Dec 02, 2024	Dec 10, 2024

Financials

Baazar Style Retail IPO P/E ratio is 125.54, as compared to Kross IPO P/E ratio of 28.93.

Baazar Style Retail IPO

Kross IPO

Financial

Baazar Style Retail Limited Financial Information (Restated Consolidated)

Period Ended	31 Mar 2024
Assets	1,165.97
Revenue	982.83
Profit After Tax	21.94
Net Worth	212.56
Reserves and Surplus	180.2
Total Borrowing	178.23
Amount in ₹ Crore

Kross Limited Financial Information (Restated)

Kross Limited's revenue increased by 27% and profit after tax (PAT) rose by 45% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	352	250.57	197.82
Revenue	621.46	489.36	297.88
Profit After Tax	44.88	30.93	12.17
Net Worth	146.81	102.11	72.4
Reserves and Surplus	119.76	88.58	58.88
Total Borrowing	117.9	88.26	86.06
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

55.03%

100.00%

Promoter Shareholding (Post-Issue)

45.6%

67.7 %

P/E Ratio

125.54

28.93

Market Cap

₹2902.55 Cr.

₹1548.23 Cr.

ROE

10.74%%

30.57%%

ROCE

18.39%%

28.15%%

Debt/Equity

0.76

0.8

EPS

₹3.10

₹8.30

RoNW

10.32%%

30.57%%

Shares Offered

In the Baazar Style Retail IPO retail investors (RII) are offered 75,00,934 shares while in Kross IPO retail investors are offered 75,00,934 shares. Qualified institutional buyers (QIB) are offered 42,86,248 shares in Baazar Style Retail IPO and 41,66,667 shares in Kross IPO.

	Baazar Style Retail IPO	Kross IPO
Anchor Investor Reserveration	64,29,372 shares	62,49,999 shares
Market Maker Reserveration
QIB	42,86,248 shares	41,66,667 shares
NII	32,14,686 shares	31,25,000 shares
RII	75,00,934 shares	72,91,666 shares
Employee	28,248 shares	0 shares
Others
Total	1,50,30,116 shares	1,45,83,333 shares

Bids Received (Subscription)

Baazar Style Retail IPO subscribed 40.63x in total, whereas Kross IPO subscribed 17.66x.

	Baazar Style Retail IPO	Kross IPO
QIB (times)	81.83x	24.55x
NII (times)	59.41x	23.40x
Big NII (times)	69.27x	23.21x
Small NII (times)	39.68x	23.77x
RII (times)	9.07x	11.26x
Employee (times)	35.08x
Other (times)
Total (times)	40.63x	17.66x

Compare with others

Baazar Style Retail IPO	Kross IPO
P N Gadgil Jewellers IPO	KRN Heat Exchanger IPO
Kross IPO	Northern Arc Capital IPO
Tolins Tyres IPO	Arkade Developers IPO
Shree Tirupati Balajee IPO	Western Carriers (India) IPO
Gala Precision Engineering IPO	P N Gadgil Jewellers IPO
Bajaj Housing Finance IPO	Tolins Tyres IPO
ECO Mobility IPO	Shree Tirupati Balajee IPO
Premier Energies IPO	Gala Precision Engineering IPO
Interarch Building Products IPO	Baazar Style Retail IPO
Orient Technologies IPO	Bajaj Housing Finance IPO

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