Baazar Style Retail Limited IPO Message Board (Page 17)

@ newgen sir. Please share your verdict regarding this ipo.

Hang on... it will come. He always does...

​@Admin @ Chittorgarh.com 

Pls open page for: Nature Wings Holidays LTD
Sme -3-5 th sept

Thanku sir

@ Surana ji. Latest gmp. KHELA HOBE KI NA HOBE.

I got one RII from third party then and got few this year too but never got first party allotment 😂😂
And every time I got it was either my mother's or my sister's account as third party strange

Apke garh ki lakshmi hi aapko paisa kama ke de rahe hai 😂

Not sure about this issue. Waiting for verdict of other senior members.

Gmp of Bazar style is 124 - 128 rs..

95

At such an insane PE & 82% OFS in IPO, It dosen't seem a good candidate for long term holding.

Even if we ignore all the fundamentals. Is no one concerned about the insane P/E ratios being demanded?

P/E pre IPO 125.54      
P/E post IPO 132.28

Seems like all the ships will raise with Raising tide.

And what perplexes even more is that it is currently commanding 30%+ GMP!
To put things in perspective, at that price, PE would go up to 170+!
Seriously insane situation.

However, two factors in its favour - the name of RJ (remember, Concord Biotech?) and the aspiration / consumption theme in general.

82% of the Issue is OFS. It is clear that Promoters/Venture Capitalists are trying to dump their shares at insane PE via going Public.

Good size IPO but ofs side very bad for this IPO. Fresh only 148 crore and ofs 686 crore. Looks investors have lack of confidence in the company. Even subscription figures not good till now. No doubt funds will be available on Monday and Tuesday. So, the figures will definitely improve. But to what extent difficult to say. This IPO is good for outgoing individuals. Offer price looks on higher side.

Companies stores are concentrated in the eastern parts of India. Any adverse developments in these states could negatively impact its operations. The company is a fashion retailer. The fashion an retail industry are highly competitive, all know.

The company does not have definitive or exclusive agreements with its third party suppliers. Any disruption on this front may affect the business.

No doubt GMP seems comfortable. But risk factor is also in this sector. Need to wait for last day to watch subscription figures.

Members need to understand the fundamentals and do some own home work before investing. Investment will purely on individual level. May give some profit also. But wait for last day.
One is the best judge for one's Investment.

Respected member मैं 6 महीनो से IPO मैं अप्लाई कर रहा हूं मुझे 11 आईपीओ अलॉट हुए है उसका पैसा मेरे सेविंग अकाउंट से डे बिट हुआ है टोटल 1.65 lakha or total डीमैट अकाउंट से 2.30 लाख वापिस बैंक account me aaya hai

Total 3.95 lakha ki ट्रांजेक्सन hui hai upi se to kya mujhe koi income tax ka notice aayega

Meri income 1.5 lakha hai per year

Please reply

@Govind singh don't worry no tax demand notice or nothing applying bindass

sir kese karte he aap apply hame bhi trick dijiye yaha 6 mahine me ek ya do lage he

From rhp
- Style Bazaar is a fashion retailer (clothes and accessories) with 3% & 2% market share of organized in WB and odisha. Also offer non-apparels and home furnishing products. ( Same as what a WESTSIDE store has)
- There are 2 similar names brand operating as their competitor , Bazaar M and Bazaar Kolkata (attaching image)

Risk factors
-Geographical concentrations, 87% comes from 4 states, WB, Odisha, Assam and bihar
-85% rev from apparels , rest non-apparels and home furnishing.
- 10 pvt label barnds, 40% rev from those.
- Total 162 stores, adding 30 stores per year almost. The stores are skewed towards Tier 3 and 4 cities, (more than 110 in these cities)
-Cluster based expansion, opening stores in proximity of existing one (same strategy as dmart)
-No manufacturing of any products, 600 plus suppliers and no supplier concentration.
- 70% of sales is from repeat customers. Which is good i think.
- 200 plus invetory turnover days.

Capital structure
- Shri Rakesh jhunjhunwala acquired 2.9lk shares in 2018 and at 517rs FV10
Again in 2019 some 37k shares for 1036rs , fv10.
Some more in 2022 after bonus shares, 4.3lk at 230rs, fv 10
-Most recent one in AUG 2024 was pvt placement to Volrado Ventures, 9.5lk shares, 387rs, FV 5
-Company gonna pay 113 cr of debt from fresh issue

Some KPIs
- 2 listed players, Vmart and V2 retail. V2 is proitable with PE 138, vmart is in loss
-Average transaction value is 1000rs. This have been stagnant for past 3 years.
-Gross margins are 33%, stable.
-EBITDA margins 14% , up ~2% from last year
-PAT margin 2%
-WC days have significantly reduced to 9 days just frmo 25 days.
- Same stores sales growth is just 9% for year, down from 31%. Growth is cooling down significantly, jsut that new stores addition are making up overall revenue growth, my view. !!!

Thank you for the analysis 🙏

Since today is last day, and people are confused, decide for yourself. ☝️
For valuation, refer to tanmay's post.

Which Broker is best for huf demat account
And open fast

Anchor ⚓ & Mutual fund list

Mutual fund

Can anyone using insta OD in ICICI bank...is it useful or not

Gmp 220 will touch soon

Suna hai big baazar ka bichda hua bhai baazar style aa raha hai,
Sahi hai kya? 😂😂
​@Tejas Pandya @Crow @Chalak Lomdi @B.M.SURANA @GrayIsTheNewBlack @VVIIPP @rohiitian

One should do their own research in so many IPO hypes now a days.

The listing of Ceigall & Saraswathi Saree depot and the their price movement till date has been a caution story. Sometimes not getting allotment also becomes a blessing in disugise.

Grey market premium quoted is also quite doubtful about their trust & intent - live case is Resourceful Automobile which was quoting 89% premium with 5 star rating till today morning in grey market. Upon listing it tested both bottom & UC.

Dilip Davda sir has given review of "Avoid" for Baazar Style. While grey market is quoting 33% premium for the same company. To choose or not to choose is our own story to tell later. Best wishes to all.

Concord biotech
Star health
Metro brands
All backed by same ....

​@Asoke sarkar Yes many factors affect the IPO price movement on listing. DD's
advise is just handguide for us - rest is on our own. It is also sad some promoters & book makers resort to some unfair means to hype. This is one thing we must be careful of and try to know more about company better while applying for IPO - for our own safety.

ChatGPT 4o mini

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Baazar Style Retail Limited IPO topic
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The IPO (Initial Public Offering) for Baazar Style Retail Limited is a process where the company offers its shares to the public for the first time. This move allows Baazar Style Retail Limited to raise capital to fund its growth and expansion plans.

Here’s a brief overview of what typically happens in such an IPO:

Announcement and Filing: Baazar Style Retail Limited would announce its intention to go public and file a draft prospectus with the relevant regulatory authorities, such as the Securities and Exchange Board of India (SEBI) in India.

Prospectus: This document includes important information about the company's business model, financial performance, risk factors, and the details of the offering.

Pricing: The company, with the help of its underwriters, will set a price range for the shares. This price is determined based on various factors including company valuation, market conditions, and investor demand.

Subscription: Investors can subscribe to the IPO within a specified period. The shares are usually offered at a discount compared to the expected market price.

Allocation and Listing: Once the subscription period ends, shares are allocated to investors. The company’s shares then get listed on a stock exchange, allowing trading to begin.

Post-IPO: After the IPO, Baazar Style Retail Limited will need to adhere to regulatory requirements, such as regular financial disclosures and governance standards.

For specific details about the Baazar Style Retail Limited IPO, including the exact offering size, pricing, and timetable, you would need to refer to their official prospectus or updates from financial news sources.

#RBL Bank
Can anyone suggest how to open a linked FD in RBL Bank? I visited the branch and submitted the FD opening form mentioning sweep-in / flexi-sure FD. however, they opened normal FD. Is there any minimum balance that needs to be maintained to create flexisure FD or is there any particular account variant for flexi FD? TIA

​@Vimal Garodia Thank for your revert. I will definetly visit them again. The real problem with the bank officials is that most of them are not at aware of their products (even in metro branches). Infact, I had to explain to them that there is a product called flexi sure.
The reason to ask in this forum was that many people may have already gone through these challenges and can guide from their practical experience. Thanks again for your guidance :)

Yes, i understand your problem. I am sure there will be someone to help you from the forum about RBL flexi-sure..