Get App
Baazar Style Retail IPO is a book-built issue of Rs 834.68 crores. The issue is a combination of a fresh issue of 0.38 crore shares aggregating to Rs 148.00 crores and an offer for sale of 1.77 crore shares aggregating to Rs 686.68 crores.
Baazar Style Retail IPO opens for subscription on August 30, 2024, and closes on September 3, 2024. The price band for the IPO is set at ₹370 to ₹389 per share and the minimum lot size for an application is 38 Shares.
Company Summary
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-apparel 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 and also the company had an in-house marketing team 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 customers with the latest market trends through their experience in the retail and textile industries.
Company Financials
| 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 | |
Objectives of the IPO
The company proposes to utilize the Net Proceeds towards funding the following objects,
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company
- General corporate purposes.
Promoters of the Company: 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.
IPO details
| IPO Date | August 30, 2024 to September 3, 2024 |
| Listing Date | Friday, September 6, 2024 |
| Face Value | ₹5 per share |
| Price Band | ₹370 to ₹389 per share |
| Lot Size | 38 Shares |
| Total Issue Size | 21,456,947 shares (aggregating up to ₹834.68 Cr) |
| Fresh Issue | 3,804,627 shares (aggregating up to ₹148.00 Cr) |
| Offer for Sale | 17,652,320 shares of ₹5 (aggregating up to ₹686.68 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Lot Allocation details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 38 | ₹14,782 |
| Retail (Max) | 13 | 494 | ₹192,166 |
| S-HNI (Min) | 14 | 532 | ₹206,948 |
| S-HNI (Max) | 67 | 2,546 | ₹990,394 |
| B-HNI (Min) | 68 | 2,584 | ₹1,005,176 |
Allotment Schedule
| Basis of Allotment | Wednesday, September 4, 2024 |
| Initiation of Refunds | Thursday, September 5, 2024 |
| The 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 |
IPO Reservation
| 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 |
To check allotment, click here