Baazar Style Retail IPO
Baazar Style Retail IPO is listed on BSE and NSE, priced at ₹370–₹389 per share. The stock debuted at ₹389 with a flat listing performance. The IPO had a lot size of ₹38 shares and a minimum investment of ₹14,782.
Baazar Style Retail Limited IPO
- IPO Dates
- Aug 30, 2024 – Sep 3, 2024
- Price band
- ₹370-389 per equity share
- Minimum Investment
- ₹14,782
- Issue size
- ₹834.68 Cr
- Lot size
- 38
- Allotment Date
- Sep 4, 2024
- Listing
- Sep 6, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Aug 30, 2024
Open Date
Completed
-
Sep 3, 2024
Close Date
Completed
-
Sep 4, 2024
Allotment Date
Completed
-
Sep 6, 2024
Listing Date
Completed
Price Summary
- Last closing
- 414.00 (6.43%)
- 52 week high
- 425.25
- 52 week low
- 229.95
- Last update
Baazar Style Retail IPO Essentials
Baazar Style Retail IPO Details
Baazar Style Retail IPO is priced at ₹370-389 per share with a total issue size of 834.68 crore. The IPO has a lot size of 38 shares and is listed on BSE and NSE.
- Issue price
- ₹370-389 per equity share
- Lot size
- 38 shares
- Face value
- ₹5 Per Equity Share
- Issue size
- Total ₹834.68 Cr :
#Fresh Issue : 3,804,627 shares(aggregating up to ₹148.00 Cr) +
#OFS : 17,652,320 shares of ₹5(aggregating up to ₹686.68 Cr) - Total issue size
- 2,14,56,947 shares
(aggregating up to ₹834.68 crore) - Fresh issue
- 38,04,627 shares
(aggregating up to ₹148 crore) - Offer for sale (OFS)
- 1,76,52,320 shares
(aggregating up to ₹686.68 crore) - Listing at
- BSE, NSE
- List price
- 389.0(NSE)
- Listing date
- Registrar
- Link Intime India Pvt Ltd
- Lead manager
-
Axis Capital Ltd, Intensive Fiscal Services Pvt Ltd, JM Financial Ltd
Market Lot Size
Investors can bid for a minimum of 38 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 38 | ₹14,782 |
| Retail(max) | 13 | 494 | ₹1,92,166 |
Baazar Style Retail IPO Reservation
Baazar Style Retail IPO reservation details show category-wise allocation of shares. Out of the total 2,14,59,488 shares, approximately 19.97% are reserved for QIB, 14.98% for NII, 34.95% for retail investors, 0.13% for employees, and 29.96% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 64,29,372 (29.96%) | |
| QIB Shares Offered | 42,86,248 (19.97%) | |
| NII (HNI) Shares Offered | 32,14,686 (14.98%) | |
| bHNI > ₹10L | 21,43,124 (9.99%) | 4,028 |
| sHNI < ₹10L | 10,71,562 (4.99%) | 2,014 |
| Retail Shares Offered | 75,00,934 (34.95%) | 1,97,393 |
| Employee Shares Offered | 28,248 (0.13%) | |
| Total Shares Offered | 2,14,59,488 (100%) |
Baazar Style Retail IPO Analytics
Baazar Style Retail IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Baazar Style Retail IPO Subscription Status
Baazar Style Retail IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 4,286,248 |
3,214,686
2,143,124
1,071,562
|
7,500,934 | 15,030,116 |
|
Day 1
30-08-24 05:00 PM
|
0.70 x |
0.47x
0.39x
0.64x
|
0.82 x | 0.72 x |
|
Day 2
02-09-24 05:00 PM
|
0.84 x |
11.61x
12.09x
10.64x
|
3.74 x | 4.63 x |
|
Day 3
03-09-24 05:00 PM
|
81.83 x |
59.40x
69.27x
39.67x
|
9.04 x | 40.62 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 16,28,423 (Approx) | —x | —x | 7.47x |
Baazar Style Retail Valuations
Earnings
- EPS Pre IPO
- ₹3.10/-
- EPS Post IPO
- ₹2.94/-
- P/E Pre IPO
- 125.54
- P/E Post IPO
- 132.28
Returns
- ROE
- 10.74%
- ROCE
- 18.39%
- RoNW
- 10.32%
- PAT Margin
- 2.23
Fundamentals
- Debt / Equity
- 0.76
- Price / Book
- 12.78
Baazar Style Retail Financials( In Crs.)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-23 | |
|---|---|---|---|
| Assets | 1,165.97 | N/A | N/A |
| Revenue | 982.83 | N/A | N/A |
| Profit After Tax | 21.94 | N/A | N/A |
| Net Worth | 212.56 | N/A | N/A |
| Reserves & Surplus | 180.2 | N/A | N/A |
| Total Borrowing | 178.23 | N/A | N/A |
Baazar Style Retail Company & Offer Insights
About Baazar Style Retail
Bazaar Style Retail Limited is a fashion retailer incorporated in June 2013, which operates in West Bengal and Odisha. The company sells men's, women's, boys', girls', and infant clothing and general merchandise including non-apparels and home furnishing products. The company's emphasis is on offering a family shopping experience and focuses on selling quality products, as well as the aim of giving every Indian fashionable merchandise at an affordable price. As of March 31, 2024, the stores were on average 9,046 square feet and staffed with well-trained employees for improved customer experience. The company is currently working in Odisha, Bihar, Assam, Jharkhand, Andhra Pradesh, Uttar Pradesh, Tripura, and Chhattisgarh. As of March 31, 2024, the company has grown to operate 162 stores in 9 states. As of March 31, 2024, The company had an in-house marketing team of 13 personnel. The company has a very strong designing and merchandising team of 57 personnel with 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.
Baazar Style Retail Promoter(s)
Pradeep Kumar Agarwal, Rohit Kedia, Shreyans Surana, Bhagwan Prasad, Rajendra Kumar Gupta, Sabita Agarwal, Rajendra Kumar Gupta (HUF), Sri Narsingh Infrastructure Private Limited are the company's promoters of Baazar Style Retail.
Baazar Style Retail IPO Issue Objectives
- •
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company.
- •
- General corporate purposes.
Baazar Style Retail IPO - Anchor Investors
Baazar Style Retail mobilises Rs 250 crore via anchor book.
Global marquee investors participated in the anchor book included HSBC Global Investment Funds, Natixis International Funds, Optimix Wholesale Global Emerging Markets Share Trust, Allianz Global Investors Fund, and Societe Generale.
HDFC Mutual Fund, Ashoka India Equity Investment Trust Plc, Whiteoak Capital, Volrado Venture Partners Fund, Bandhan Mutual Fund, Motilal Oswal Mutual Fund, Bajaj Allianz Life Insurance Company, SBI General Insurance Company, Helios Flexi Cap Fund, Trust Mutual Fund, Julius Baer India Equity Fund, Reliance General Insurance Company, and Verition Multi-Strategy Master Fund were other investors in the anchor book.
Baazar Style Retail IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Baazar Style Retail Limited | 3.14 | 3.14 | 30.43 | 125.54 | 10.32 | N/A | Consolidated |
| V-mart Retail Ltd. | -48.93 | -48.93 | N/A | N/A | -12.98 | N/A | Consolidated |
| V2 Retail Ltd. | 8.04 | 8.04 | 79.42 | 138.88 | 10.12 | N/A | Consolidated |
Notes:
- P/E Ratio for the listed industry peers has been computed based on the closing market price (August 22, 2024) of equity shares on BSE, divided by the EPS.
- RoNW is calculated as net profit after taxation attributable to the company's equity shareholders divided by Net worth for that year. Net worth means the aggregate value of the paid-up share capital and all reserves created out of the profits and securities premium account and debit or credit balance of profit and loss account, after deducting the aggregate value of the accumulated losses, deferred expenditure and miscellaneous expenditure not written off, as per the audited balance sheet, but does not include reserves created out of revaluation of assets, write-back of depreciation and amalgamation.
- Net Asset Value per equity share represents net worth as at the end of the financial year, divided by the number of equity shares outstanding at the end of the year.
Baazar Style Retail IPO - Strengths and Risks
Baazar Style Retail IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Baazar Style Retail
+91 3361256125
P S Srijan Tech Park, DN-52, 12th Floor, Street Number 11, DN Block, Sector V, Salt Lake, North 24 Parganas, Kolkata, - 700091
Registrar Contact Details
Link Intime India Private Ltd
+91-22-4918 6270
Frequently Asked Questions
Click any question to reveal the answer
Baazar Style Retail IPO is a book-built IPO worth ₹834.68 crore. The price band is ₹370–₹389 per share. The IPO opens on Aug 30, 2024 and closes on Sep 3, 2024. It will be listed on BSE and NSE. Link Intime India Pvt Ltd is the registrar.
The price band of Baazar Style Retail IPO is ₹370 to ₹389 per share.
The lot size of Baazar Style Retail IPO is 38 shares.
The minimum investment for Baazar Style Retail IPO is approximately ₹14,782 based on the upper price band .
Baazar Style Retail IPO opens on Aug 30, 2024 and closes on Sep 3, 2024.
The allotment date of Baazar Style Retail IPO is Sep 4, 2024.
Baazar Style Retail IPO is expected to be listed on Sep 6, 2024, on BSE and NSE .
Baazar Style Retail IPO listed on Sep 6, 2024. It was issued at ₹389.0(NSE) and is currently around ₹414.00 as on 14-May-2026 3:30 PM, which is approximately 6.4% versus issue price. The 52-week high is ₹425.25.
Based on listing and post-listing performance, Baazar Style Retail IPO delivered around 6.4% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Baazar Style Retail IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Baazar Style Retail IPO valuation snapshot: P/E 132.28, EPS ₹2.94/-, P/B 12.78, RoNW 10.32%, and market cap N/A.
To apply for Baazar Style Retail IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Baazar Style Retail IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Baazar Style Retail IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Baazar Style Retail IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Baazar Style Retail IPO allotment status on IPO Ji for quick and easy access.