Baazar Style Retail Limited IPO
- IPO Date30 Aug, 2024 to 03 Sep, 2024
- Listing Date06 Sep, 2024
- Face Value₹5 per share
- Issue Price₹370 to ₹389 per share
- Lot Size38 Shares
- Minimum Investment₹14,782
- Listing AtBSE, NSE
- Total Issue Size2,14,56,947 Shares
(aggregating up to ₹834.68 Cr) - Fresh Issue38,04,627 Shares
(aggregating up to ₹148.00 Cr)
- Offer for Sale1,76,52,320 Shares
(aggregating up to ₹686.68 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue7,08,10,966
- Shareholding post issue7,46,15,592
IPO Dates
Closing Date
03 Sep, 2024
Initiation of Refunds
05 Sep, 2024
Listing Date
06 Sep, 2024
30 Aug, 2024
Opening Date
04 Sep, 2024
Basis of Allotment
05 Sep, 2024
Credit of Shares
Baazar Style Retail Limited Lot Size
Investors can bid for a minimum of 38 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Max) | 67 | 2546 | ₹9,90,394 |
| Retail (Min) | 1 | 38 | ₹14,782 |
| B-HNI (Min) | 68 | 2584 | ₹10,05,176 |
| S-HNI (Min) | 14 | 532 | ₹2,06,948 |
| Retail (Max) | 13 | 494 | ₹1,92,166 |
Baazar Style Retail Limited Promoter Holding
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.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 55.03% | - |
Baazar Style Retail Limited COMPANY INFORMATION
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.
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.
Baazar Style Retail Limited IPO: Should You Invest?
The Baazar Style Retail Limited IPO is generating a lot of buzz in the market. As an established name in the affordable fashion sector, the company offers a promising opportunity for investors. However, like any investment, it comes with its own set of risks. This analysis will help you decide whether this IPO is a good fit for your portfolio.
Overview of Baazar Style Retail Limited
Baazar Style Retail Limited has carved out a niche in the Indian retail market by focusing on affordable fashion and lifestyle products. The company’s strong brand and expanding retail network position it well for future growth. However, investors need to weigh the potential rewards against the risks.
Key Strengths of Baazar Style Retail Limited
- Strong Brand Presence: Baazar Style Retail is recognized for its affordable offerings, which resonate with a broad customer base.
- Expanding Retail Network: The company is strategically growing its retail footprint, potentially increasing its market share.
- Diverse Product Range: By offering a variety of products, the company attracts a wide range of customers.
- Experienced Management Team: The leadership team’s deep industry knowledge is a key asset.
Growth Opportunities in the Indian Retail Sector
The Indian retail market presents significant growth opportunities, particularly in the affordable segment where Baazar Style Retail operates. The company’s plans to expand its retail network could capitalize on this potential.
Potential Risks and Challenges
- Intense Competition: The retail industry is fiercely competitive, with both established and new players vying for market share.
- Economic Sensitivity: The company’s revenue is closely linked to consumer spending, which can be affected by economic downturns.
- Operational Challenges: Managing a large number of retail outlets can be complex and costly, posing operational risks.
H4: Regulatory and Market Risks
Changes in retail industry regulations or an economic slowdown could impact the company’s performance. Investors should consider these factors when evaluating the IPO.
Conclusion: Is Baazar Style Retail Limited IPO Worth It?
Investing in Baazar Style Retail Limited IPO offers potential rewards but also comes with its share of risks. The company’s strong brand and growth prospects are attractive, but investors should be cautious of the challenges in the retail sector. Evaluate your risk tolerance and investment goals before making a decision.
FAQs About Baazar Style Retail Limited Ipo
Baazar Style Retail Limited IPO will open on 30 Aug, 2024 and close on 03 Sep, 2024. Investors must apply within this period to participate.
The Baazar Style Retail Limited IPO price band is set between ₹370.00 and ₹389.00 per share. The minimum lot size is 38, requiring an investment of at least ₹14782.00.
The Baazar Style Retail Limited IPO shares are expected to be listed on 06 Sep, 2024, subject to regulatory approvals and final allotment.
You can track your Baazar Style Retail Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Baazar Style Retail Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.