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Baazar Style Retail IPO is a book built issue. The issue comprises of fresh issue of Rs 148.00 crore and offer for sale of 1.77 crore shares.
Baazar Style Retail IPO opens for subscription on August 30, 2024 and closes on September 3, 2024. The allotment for the Baazar Style Retail IPO is expected to be finalized on Wednesday, September 4, 2024. Baazar Style Retail IPO will list on BSE, NSE with tentative listing date fixed as Friday, September 6, 2024.
Baazar Style Retail IPO price bands are yet to be announced.
Axis Capital Limited, Intensive Fiscal Services Private Limited and Jm Financial Limited are the book running lead managers of the Baazar Style Retail IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Baazar Style Retail IPO RHP for detailed information.
| IPO Date | August 30, 2024 to September 3, 2024 |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | [.] shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹148.00 Cr) |
| Offer for Sale | 17,652,320 shares of ₹5 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 70,810,966 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Baazar Style Retail IPO opens on August 30, 2024, and closes on September 3, 2024.
| IPO Open Date | Friday, August 30, 2024 |
| IPO Close Date | Tuesday, September 3, 2024 |
| Basis of Allotment | Wednesday, September 4, 2024 |
| Initiation of Refunds | Thursday, September 5, 2024 |
| Credit of Shares to Demat | Thursday, September 5, 2024 |
| Listing Date | Friday, September 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 3, 2024 |
The Promoters of the company are Pradeep Kumar Agarwal, Rohit Kedia, Shreyans Surana, Bhagwan Prasad, Rajendra Kumar Gupta, Sabita Agarwal, Rajendra Kumar Gupta (HUF) and Sri Narsingh Infrastructure Private Limited.
| Share Holding Pre Issue | 55.03% |
| Share Holding Post Issue |
Incorporated in June 2013, 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.
| 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 | ||||||||||
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 10.74% |
| ROCE | 18.39% |
| Debt/Equity | 0.76 |
| RoNW | 10.32% |
| PAT Margin (%) | 2.23 |
The company proposes to utilize the Net Proceeds towards funding the following objects (collectively, referred to as the “Objects”):
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/
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 is a main-board IPO of [.] equity shares of the face value of ₹5 aggregating up to ₹[.] Crores. The issue is priced at [.] to [.] per share. The minimum order quantity is .
The IPO opens on August 30, 2024, and closes on September 3, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Baazar Style Retail IPO using UPI as a payment gateway. Zerodha customers can apply in Baazar Style Retail IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Baazar Style Retail IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Baazar Style Retail IPO opens on August 30, 2024 and closes on September 3, 2024.
Baazar Style Retail IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Baazar Style Retail IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Baazar Style Retail IPO will be done on Wednesday, September 4, 2024, and the allotted shares will be credited to your demat account by Thursday, September 5, 2024. Check the Baazar Style Retail IPO allotment status.
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