IPO - Check IPO Date, Price, Lot Size

Baazar Style Retail Ltd IPO

Baazar Style Retail Limited is a value fashion retailer with a market share of Rs. 4,822.74 million constituting 3.03% and Rs. 1,573.41 million constituting 2.22%, respectively in organized value retail market in the states of West Bengal and Odisha. The Company offers quality and affordable products under the apparels and general merchandise segments, through a chain of `value retail' stores. Within the apparels vertical, the company offers garments for men, women, boys, girls and infants, whereas its general merchandise offerings include both non-apparels and home furnishing products.

Baazar Style Retail Ltd IPO Details

Total Shares Offered

₹ 2,14,56,947

Offer to Public

1,76,52,320

Retail Max (Shares)

₹ 75,00,934

Pre Issue Promoters Holding

₹ 3,89,65,840

Exchange

BSE

Issue size

₹ 834.68 Cr

IPO Open Date

Aug 30, 2024

Close Date

Sep 3, 2024

Lot Size

Min Investment

₹ 14,060

Issue Type

Book Building

Listing Date

Sep 6, 2024

Baazar Style Retail Ltd IPO Dates

Aug 30, 2024

Opening date

Sep 3, 2024

Closing date

Sep 4, 2024

Basis of Allotment

Sep 5, 2024

Initiation of Refunds

Sep 5, 2024

Credit of Shares

Sep 6, 2024

Listing date

Details

Sector	Type
Sector	Trading
Sub Sector	NA
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	10715620
NII	0x	3214686
Retail	0x	7500934
Employee	0x	25707
Total	0x	21456947

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

10715620

3214686

7500934

25707

21456947

Baazar Style Retail Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	1,343.71	972.88	787.90
EBITDA	218.77	176.18	127.78
PAT	14.74	21.99	5.10
Total Assets	881.77	627.67	462.52
Share Capital	37.31	34.93	34.93
Total Borrowings	461.07	327.57	247.48
Operating Activities (Net Cash)	114.63	95.44	66.29
Investing Activities (Net Cash)	-14.41	-6.91	-1.53
Financing Activities (Net Cash)	461.07	327.57	247.48
Net Cashflow	22.12	14.85	5.14

About Baazar Style Retail Ltd

Baazar Style Retail Limited was incorporated as Dwarkadas Mohanlal Private Limited, a private limited company under the Companies Act, 1956 on June 3, 2013, and was granted the certificate of incorporation by the Registrar of Companies, West Bengal at Calcutta (RoC). Subsequently, the name of the Company was changed to Baazar Style Retail Private Limited pursuant to a special resolution passed by the shareholders of the Company on November 21, 2013, and a fresh certificate of incorporation dated November 26, 2013 was issued by the RoC. Pursuant to the conversion of the Company into a public limited company and a special resolution passed by its Shareholders at the EGM on December 16, 2021, the name of the Company was changed to Baazar Style Retail Limited, and the RoC issued a fresh certificate of incorporation on January 6, 2022.

According to the Technopak Report, Value Retail in the apparel segment in India was estimated to be approximately Rs. 3,721.70 billion in Fiscal 2024. This market is expected to reach Rs. 5,341.25 billion by Fiscal 2027, growing at a CAGR of 13.9% from Fiscal 2023 to 2027. As of Fiscal 2024 the market size of Value Retailing industry (lifestyle and home) in the eastern and north-eastern states of India is estimated to be at Rs. 1,417.48 billion. The eastern states are the fastest growing consumer markets for Value Retail with an expected market size of Rs. 2,208.02 billion and grow at a CAGR of 15.9% from Fiscal 2024 to Fiscal 2027.

Peer Comparison:

V-Mart Retail Ltd
V2 Retail Ltd

Baazar Style Retail Ltd Key Points

Strengths

One of the fastest growing value retailer in eastern India with a market share of 3.03% and 2.22% in the states of West Bengal and Odisha, respectively in organized value retail market.

Accelerated store expansion through a cluster-based approach.

Strong understanding of customer preferences to offer a comprehensive, targeted and affordable product mix along with its private label brands leading to customer loyalty.

High operational efficiency and lean cost structure due to strong focus on business processes and automation.

Targeted marketing and promotion activities enabling increasing brand salience and garnering customer loyalty.

Risk

Geographical Concentration of Business: Its stores are concentrated in the eastern parts of India and any adverse developments affecting the company operations in this state could have an adverse impact on its revenue and results of operations.

Products Concentration: Its business is concentrated on sale of the company apparel and merchandise products and subject to the unpredictability of changing customer preferences.

If any new private labels, including under its existing products verticals, that the company launch are not as successful as its anticipate, its business, results of operations and financial condition may be adversely affected.

Strategy

Expand profit margins and increase revenue contribution from its private labels. Focus towards creating differentiation and achieving greater control over product quality of private labels.

Strengthen its market position by increasing penetration in existing clusters, expand its footprint in the Focus Markets, increase focus on customer retention and garnering brand loyalty.

Continue to invest in its technology adoption initiatives, data analytical capabilities and implementation of omni-channel retailing business model.

Continue to invest in strengthening its supply chain management and human capital to further reduce its operating costs.

How To Apply for Baazar Style Retail Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Baazar Style Retail Ltd IPO?

Baazar Style Retail Ltd's IPO offers shares for up to 148 It begins on Aug 30, 2024 and ends on Sep 3, 2024.

What is the price of the Baazar Style Retail Ltd IPO?

The price of Baazar Style Retail Ltd IPO ranges between ₹370 to ₹389 per share.

What are the open and close dates for the Baazar Style Retail Ltd IPO?

The Baazar Style Retail Ltd IPO opens on Aug 30, 2024 and closes on Sep 3, 2024.

When will the Baazar Style Retail Ltd IPO be allotted?

The allotment for the Baazar Style Retail Ltd IPO will be finalised on Sep 4, 2024. The shares will be listed on BSE and NSE on Sep 6, 2024.

What is the minimum lot size required for Baazar Style Retail Ltd IPO?

The minimum lot size for Baazar Style Retail Ltd IPO is 38 shares, priced between ₹370 to ₹389 per share.

What is the GMP of Baazar Style Retail Ltd IPO?

The GMP (Grey Market Premium) of Baazar Style Retail Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Baazar Style Retail Ltd IPO?

To check the allotment status of Baazar Style Retail Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Baazar Style Retail Ltd IPO getting listed?

The Baazar Style Retail Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Aug 30, 2024, and closes on Sep 3, 2024. The allotment is finalised on Sep 4, 2024.

How do you apply for the Baazar Style Retail Ltd IPO?

To apply for the Baazar Style Retail Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.