Last updated on September 7, 2024
Baazar Style Retail IPO Description – Bazaar Style Retail is a well-known fashion retailer dominating West Bengal and Odisha’s organized value retail market. The company showed the fastest growth among value retailers between 2017 and 2023, both in store count and revenue, when compared to V2 Retail and V-Mart Retail. In Fiscal 2023, the company has the largest retail presence in Eastern India compared to these retailers.
As of 31 December 2023, the company operated 153 stores across 140 cities, covering a total area of 1.39 million square feet, primarily under the ‘Style Bazaar‘ brand. Bazaar Style Retail offers a variety of products, including apparel and general merchandise for all genders and age groups, as well as non-apparel and home furnishing items.
In the nine months ending 31 December 2023, Bazaar Style Retail opened 16 stores in its core markets of West Bengal, Odisha, Bihar, and Assam. Expanding into Uttar Pradesh, Jharkhand, Andhra Pradesh, Chhattisgarh, and Tripura, they launched 7 more stores. By Fiscal 2027, the value retail market in Eastern and Northern India is expected to reach 8,000 stores, with each retailer aiming for 800 to 1,000 stores.
Promoters of Baazar Style Retail – Pradeep Kumar Agarwal, Rohit Kedia, Shreyans Surana, Bhagwan Prasad, Rajendra Kumar Gupta, Rajendra Kumar Gupta (HUF), and Sri Narsingh Infrastructure Private Limited
Table of Contents
Baazar Style Retail IPO Details
| Baazar Style Retail IPO Dates | 30 August – 3 September 2024 |
| Baazar Style Retail Issue Price | INR 370 – 389 per share Employee discount – INR 35 per share |
| Fresh issue | INR 148 crore |
| Offer For Sale | 1,76,52,320 shares (INR 653.14 – 686.67 crore) |
| Total IPO size | INR 801.14 – 834.67 crore |
| Minimum bid (lot size) | 38 shares (INR 14,782) |
| Face Value | INR 5 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Baazar Style Retail Financial Performance
| Â | FY 2022* | FY 2023* | FY 2024 |
| Revenue | 551.12 | 787.90 | 972.88 |
| Expenses | 571.19 | 788.98 | 953.61 |
| Net income | (8.01) | 5.10 | 21.94 |
| Margin (%) | (1.45) | 0.65 | 2.26 |
*All standalone data
Baazar Style Retail Offer News
- Baazar Style Retail RHP
- Baazar Style Retail DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Bazaar Style Retail Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre Issue) | FY 2024 (Post-Issue)* | |
| EPS | (1.31) | 0.76 | 3.14 | 2.48 |
| PE Ratio | – | – | 117.83 – 123.89 | 149.19 – 156.85 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | (21.01) | (5.67) | 2.67 | 10.32 |
| NAV | 99.85 | 21.21 | 27.35 | 30.43 |
| ROCE (%) | (1.03) | 6.59 | 13.77 | 18.39 |
| EBITDA (%) | 10.92 | 12.40 | 12.88 | 14.61 |
| Debt/Equity | 0.85 | 0.55 | 0.57 | 0.76 |
Baazar Style Retail IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 5 September 2024 | 62 | – | 2,300 |
| 4 September 2024 | 55 | – | 2,200 |
| 3 September 2024 | 70 | – | 2,500 |
| 2 September 2024 | 100 | – | 3,000 |
| 31 August 2024 | 125 | – | 3,800 |
| 30 August 2024 | 130 | – | 3,900 |
| 29 August 2024 | 130 | – | 3,900 |
| 28 August 2024 | 135 | – | 4,100 |
| 27 August 2024 | 122 | – | 3,900 |
| 26 August 2024 | 66 | – | 2,700 |
Baazar Style Retail IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company – INR 113.77 crore
- General corporate purposes
Baazar Style Retail IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered | 42,86,248 | 32,14,686 | 75,00,934 | 28,248 | 1,50,30,116 |
| 3 Sep 2024 | 81.83 | 59.40 | 9.04 | 35.01 | 40.62 |
| 2 Sep 2024 | 0.84 | 11.62 | 3.75 | 20.48 | 4.64 |
| 30 Aug 2024 | 0.70 | 0.47 | 0.82 | 6.01 | 0.72 |
Shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.
Baazar Style Retail – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV |
| Bazaar Style Retail | 156.85 | 2.48 | 10.32 | 30.43 |
| V-Mart Retail | NA | (48.93) | (12.98) | NA |
| V2 Retail | 138.88 | 8.04 | 10.12 | 79.42 |
Baazar Style Retail IPO Allotment Status
Baazar Style Retail IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Baazar Style Retail IPO Dates & Listing Performance
| IPO Opening Date | 30 August 2024 |
| IPO Closing Date | 3 September 2024 |
| Finalization of Basis of Allotment | 4 September 2024 |
| Initiation of refunds | 5 September 2024 |
| Transfer of shares to demat accounts | 5 September 2024 |
| Baazar Style Retail IPO Listing Date | 6 September 2024 |
| Opening Price on NSE | INR 389 per share (no change) |
| Closing Price on NSE | INR 400 per share (up 2.83%) |
Bazaar Style Retail IPO Reviews – Subscribe or Avoid?
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Bazaar Style Retail Offer Lead Manager
AXIS CAPITAL LIMITED
1st Floor, Axis House C-2 Wadia International Center
Pandurang Budhkar Marg, Worli Mumbai – 400 025
Phone: +91 22 4325 2183
Email:Â [email protected]
Website: www.axiscapital.co.in
Bazaar Style Retail Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Bazaar Style Retail Contact Details
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, – 700 091, West Bengal
Phone:Â (+91 33) 6125 6125
Email: [email protected]
Website: www.stylebaazar.in
Bazaar Style Retail IPO FAQs
How many shares in Bazaar Style Retail IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for Bazaar Style Retail Public Offer?
The best way to apply for Bazaar Style Retail public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Bazaar Style Retail IPO GMP today?
Bazaar Style Retail IPO GMP today is INR 62 per share.
What is Bazaar Style Retail kostak rate today?
Bazaar Style Retail kostak rate today is INR NA per application.
What is Bazaar Style Retail Subject to Sauda rate today?
Bazaar Style Retail Subject to Sauda rate today is INR 2,300 per application.
