Baazar Style Retail IPO vs Shree Tirupati Balajee IPO

Comparision between Baazar Style Retail IPO and Shree Tirupati Balajee IPO.

IPO Details

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

	Baazar Style Retail IPO	Shree Tirupati Balajee 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	Pnb Investment Services Ltd Unistone Capital Pvt Ltd
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
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 Shree Tirupati Balajee IPO is up to ₹169.65 Cr. The final issue price of Baazar Style Retail IPO is ₹389.00 per share and of Shree Tirupati Balajee IPO is ₹83.00 per share.

	Baazar Style Retail IPO	Shree Tirupati Balajee IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹370.00 per share	₹78.00 per share
Issue Price (Upper)	₹389.00 per share	₹83.00 per share
Issue Price (Final)	₹389.00 per share	₹83.00 per share
Discount (Retail)
Discount (Employee)	₹35.00 per share
Market Lot Size	38 shares	180 shares
Fresh Issue Size	38,04,627 shares	1,47,50,000 shares
Fresh Issue Size (Amount)	up to ₹148.00 Cr	up to ₹122.43 Cr
OFS Issue Size	1,76,52,320 shares	56,90,000 shares
OFS Issue Size (Amount)	up to ₹686.68 Cr	up to ₹47.23 Cr
Issue Size Total	2,14,56,947 shares	2,04,40,000 shares
Issue Size Total (Amount)	up to ₹834.68 Cr	up to ₹169.65 Cr

IPO Timetable

Baazar Style Retail IPO opens on Aug 30, 2024, while Shree Tirupati Balajee IPO opens on Sep 05, 2024. The closing date of Baazar Style Retail IPO and Shree Tirupati Balajee IPO is Sep 03, 2024, and Sep 09, 2024, respectively.

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

Financials

Baazar Style Retail IPO P/E ratio is 125.54, as compared to Shree Tirupati Balajee IPO P/E ratio of 15.37.

Baazar Style Retail IPO

Shree Tirupati Balajee 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

Shree Tirupati Balajee Agro Trading Company Limited Financial Information (Restated Consolidated)

Shree Tirupati Balajee Agro Trading Company Limited's revenue increased by 16% and profit after tax (PAT) rose by 74% 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	516.94	392.46	391.89
Revenue	552.82	478.14	453.79
Profit After Tax	36.07	20.72	13.66
Net Worth	173.07	110.21	92.23
Reserves and Surplus	106.24	109.05
Total Borrowing	243.69	223.81	240.06
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

55.03%

88.38%

Promoter Shareholding (Post-Issue)

65.42%

P/E Ratio

125.54

15.37

Market Cap

₹2902.55 Cr.

₹677.04 Cr.

ROE

10.74%%

20.84%%

ROCE

18.39%%

16.29%%

Debt/Equity

0.76

1.41

EPS

₹3.10

₹5.40

RoNW

10.32%%

20.84%%

Shares Offered

In the Baazar Style Retail IPO retail investors (RII) are offered 75,00,934 shares while in Shree Tirupati Balajee 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 40,88,000 shares in Shree Tirupati Balajee IPO.

	Baazar Style Retail IPO	Shree Tirupati Balajee IPO
Anchor Investor Reserveration	64,29,372 shares	61,32,000 shares
Market Maker Reserveration
QIB	42,86,248 shares	40,88,000 shares
NII	32,14,686 shares	30,66,000 shares
RII	75,00,934 shares	71,54,000 shares
Employee	28,248 shares	0 shares
Others
Total	1,50,30,116 shares	1,43,08,000 shares

Bids Received (Subscription)

Baazar Style Retail IPO subscribed 40.63x in total, whereas Shree Tirupati Balajee IPO subscribed 18.34x.

	Baazar Style Retail IPO	Shree Tirupati Balajee IPO
QIB (times)	81.83x	4.69x
NII (times)	59.41x	28.64x
Big NII (times)	69.27x	27.84x
Small NII (times)	39.68x	30.24x
RII (times)	9.07x	21.73x
Employee (times)	35.08x
Other (times)
Total (times)	40.63x	18.34x

Compare with others

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

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