The exact date for the Baazar Style Retail IPO has not yet been finalized. However, it is expected to open in 2024 and close within the same year. Through this IPO, Baazar Style Retail aims to raise approximately ₹800 crores. This amount includes a fresh issue of ₹185 crores, along with an offer for sale of up to 1,68,80,968 equity shares, each priced at ₹5. As for the allocation of shares, the retail quota is set at 10%, while the Qualified Institutional Buyers (QIB) quota stands at 75%, and the High Net-worth Individuals (HNI) quota is allocated at 15%.
Table of contents
- Baazar Style Retail IPO Overview
- Company Details
- Key Dates
- Financials (in ₹ Million)
- Objects of the Issue
- Company Promoters
- Baazar Style Retail IPO GMP (Grey Market Premium)
- Baazar Style Retail IPO Application Form PDF
- Baazar Style Retail IPO Subscription Status
- Jay Bee Laminations IPO Allotment Status
- IPO Review
- Bazaar Style Retail IPO Registrar
- Bazaar Style Retail IPO Lead Manager
- Bazaar Style Retail Limited Contact
- Bazaar Style Retail IPO FAQs
Baazar Style Retail IPO Overview
| Company Name | Baazar Style Retail Limited |
| Industry | Manufacture of Apparel |
| IPO Issue Type | Fresh issue |
| Open Date | TBA |
| Close Date | TBA |
| Total Issue Size | ₹800 Crores |
| Face Value | ₹5 Per Equity Share |
| Fresh Issue | ₹185 Crores |
| Price Band | TBA |
| Listing on | BSE & NSE |
| Lot Size | TBA |
| Offer for Sale | TBA |
| Shares Offered to Retail | 10% |
| Shares Offered to QIB | 75% |
| Shares Offered to HNI | 15% |
Company Details
Baazar Style Retail Limited, also known as Style Baazar, is a leading value fashion retailer in West Bengal and Odisha, boasting the largest retail presence in Eastern India. From 2017 to 2023, Baazar Style Retail Limited rapidly emerged as the fastest-growing value retailer, successfully operating 153 stores across 1.39 million square feet in 140 cities. By December 31, 2023, the company continued to thrive with its ‘Style Bazaar’ brand, which has steadily built strong customer loyalty and recognition, thanks to its diverse and appealing product offerings.
Moreover, the company offers a broad selection of apparel and general merchandise for all age groups, including children and infants. It primarily caters to the middle class, with a particular focus on youth and young families who seek fashion-forward yet budget-conscious options. Additionally, Style Baazar consistently emphasizes a family-friendly shopping experience, providing high-quality products at competitive prices.
In addition to this, the company is strategically expanding into untapped markets by offering a diverse range of brands, apparel, and customized products. Through its cluster-based expansion model, Style Baazar not only enhances supply chain and inventory management efficiencies but also optimizes brand visibility, reduces marketing expenditures, and improves human resource utilization, all of which contribute to its sustained growth and success.
Key Dates
| IPO Open Date | TBA |
| IPO Close Date | TBA |
| Basis of Allotment | TBA |
| Refunds | TBA |
| Credit to Demat Account | TBA |
| IPO Listing Date | TBA |
Financials (in ₹ Million)
| Year | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Revenue | 7,879.03 | 5,511.18 | 4,267.62 |
| Profit After Tax (PAT) | 51.02 | (80.07) | (182.71) |
| Cash and Cash Equivalents | 51.39 | 229.72 | 53.86 |
| Return on Net Worth | 2.67% | (5.67)% | (21.01)% |
| Net Debt | 1,100.42 | 785.93 | 761.24 |
| Return on Equity | 3.02% | (6.86%) | NA |
| RoCE | 19.53% | 17.81% | NA |
| EBITDA | 1,014.84 | 683.52 | 465.91 |
Objects of the Issue
- Firstly, to prepay or repay some or all of the Company’s outstanding borrowings.
- Additionally, to fund general corporate purposes.
Company Promoters
- Pradeep Kumar Agarwal
- Rohit Kedia
- Shreyans Surana
- Bhagwan Prasad
- Rajendra Kumar Gupta
- Rajendra Kumar Gupta (HUF)
- Sri Narsingh Infrastructure Private Limited
Baazar Style Retail IPO GMP (Grey Market Premium)
Curious about the latest Grey Market Premium (GMP) for the Baazar Style Retail IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Baazar Style Retail Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Baazar Style Retail IPO Application Form PDF
To download the Baazar Style Retail IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Baazar Style Retail IPO Subscription Status
This IPO subscription is TBA! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Jay Bee Laminations IPO Allotment Status
To check the Baazar Style Retail IPO allotment status go to the IPO registrar website Link Intime India Private Limited or go to IPO Allotment.
To check Baazar Style Retail IPO allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- Baazar Style Retail Limited demonstrated robust growth between 2017 and 2023, with a 42% CAGR in store count and 27.8% in revenue from operations. With a strong presence of 153 stores across nine states, the company leads in both West Bengal and Odisha.
- Additionally, Baazar Style Retail Limited’s cluster-based expansion strategy, combined with a focus on high street stores and a diverse product range, has significantly fueled its rapid growth. Their dedication to providing quality and affordability resonates strongly with the aspiring middle class.
- Moreover, the company carefully evaluates new store locations by analyzing key factors such as population density, footfall potential, local economic conditions, and the competitive landscape. This strategic approach ensures optimal placement and performance of each store.
Risks:
- Baazar Style Retail Limited faces intense competition within the fashion industry. Moreover, as consumer preferences and technology continue to evolve rapidly, the company risks losing market share to competitors who may be better positioned to adapt and ultimately outperform.
- Additionally, Baazar Style Retail Limited is vulnerable to the threat of brand dilution and reputational damage. If third parties misuse its trademarks, it could consequently lead to customer confusion and, in turn, a potential loss of business opportunities. This, in turn, could negatively impact the company’s image and overall operations.
- Furthermore, Baazar Style Retail Limited’s heavy concentration in eastern India increases its exposure to operational risks. Any adverse developments in this region could significantly affect its revenue streams and overall business performance, particularly in the apparel segment.
Bazaar Style Retail IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: baazarstyle.ipo@linkintime.co.in
Website: www.linkintime.co.in
Bazaar Style Retail IPO 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: baazarstyle.ipo@axiscap.in
Website: www.axiscapital.co.in
Bazaar Style Retail Limited Contact
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: (+91 33) 6125 6125
Email: secretarial@stylebaazar.com
Website: www.stylebaazar.in
Bazaar Style Retail IPO FAQs
This IPO is a main-board offering through which the company aims to raise ₹800 crores. The issue will be priced between ₹[.] and ₹[.] per equity share and will be listed on both BSE and NSE.
The IPO is scheduled to open in 2024 for Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and Retail Investors.
The IPO allocation is as follows: 75% for QIBs, 15% for NIIs, and 10% for Retail Investors.
You can apply for the Baazar Style Retail IPO through ASBA online via your bank account. Alternatively, applications can be made via UPI through your stock broker, or by filling out an offline form with your stock broker.
The allotment date for the Baazar Style Retail IPO is TBA.
For the latest news on Upcoming IPOs and IPO GMP, follow IPOGMP.IN. Additionally, connect with us on Twitter, Facebook, and Instagram.
