Baazar Style Retail Ltd IPO

Baazar Style Retail Ltd IPO

Retail

mainboard

Bidding period

30 Aug 2024 - 03 Sep 2024

Bid price

₹389.00 - ₹389.00

Listing on

BSE, NSE

Listing date

06 Sep 2024

Lot size

38 shares

Issue size

₹834.68 crore


Minimum investment

₹14,782.00 / 1 lot

Maximum investment

₹1,92,166.00 / 13 lot

Bidding closed on 03 Sep 2024

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Baazar Style Retail Ltd IPO dates

IPO opening date

30 Aug 2024

IPO end date

03 Sep 2024

Allotment date

04 Sep 2024

Initiation of refunds

05 Sep 2024

Credit of shares to demat

05 Sep 2024

IPO listing date

06 Sep 2024

Baazar Style Retail Ltd IPO financials

Particulars

For the period ending in March 2024 (in ₹ million)

Total assets ₹1,165.97
Total liabilities ₹1,165.97
Total expenditure ₹953.61
Total revenue ₹982.83
Profit after tax ₹21.94
EBITDA ₹152.11
Adjusted EBITDA ₹0.00

Baazar Style Retail Ltd shareholder pattern

Pre-issue Post-issue
Promoter group 55.03 0.0
Public group 44.97 0.0

Baazar Style Retail Ltd strengths and risks

Information currently unavailable

  • 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.

  • Experienced promoters and a strong management team with a proven track record, backed by investors.

  • Strong financial track record of growth.

  • 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.

  • The fashion and retail industry are highly competitive. If the company does not respond to competition effectively, its cash flows, financial condition and results of operation may be adversely affected.

  • The use of "Style Baazar" or similar trade names or images by third parties may result in loss of business to such third parties, and any potential negative publicity relating to such third parties may adversely affect its reputation, the goodwill of the company brand and business prospects.

  • The growth of its business depends on the company's ability to identify, obtain and retain quality retail spaces and its ability to effectively implement and manage the company retail network.

  • The company follow a cluster-based expansion model which leads to a concentration of its business in a relatively small area.

  • The company relies on a wide range of third party suppliers for sourcing its products with whom the company does not have definitive or exclusive agreements. Failures to successfully leverage its Supplier relationships and network or to identify new suppliers and any loss arising from failures to supply or delay in supply by its Suppliers or from any defective products supplied by its Suppliers could adversely affect the company business, financial condition, cash flows and results of operations.

  • Its operations are exposed to the risk of fire accidents which could result in significant financial loss, property damage, interruption of its business operations and potential personal injury or loss of life.

  • Some of its products are subject to seasonal customer demands.

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

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Baazar Style Retail Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Baazar Style Retail Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

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Baazar Style Retail Ltd IPO registrar

MUFG Intime India Pvt Ltd

Phone number +91 810 811 4949
E-mail ID baazarstyle.ipo@linkintime.co.in
Website www.linkintime.co.in

Baazar Style Retail Ltd IPO reservation

QIB shares offered

42,86,248 (19.98%)

NII (HNI) shares offered

32,14,686 (14.98%)

Retail shares offered

75,00,934 (34.96%)

Anchor investor shares offered

64,29,372 (29.96%)

Total shares offered

2,14,56,948

Total shares with anchor investor

2,14,56,948

Baazar Style Retail Ltd IPO lead manager

  • Axis Capital Ltd
  • Intensive Fiscal Services Pvt Ltd
  • JM Financial Ltd

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How to apply for an IPO with Bajaj Broking?

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  • Log in to the Bajaj Broking trading platform and select ‘IPO’ from the menu.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen IPO.
  • Enter the quantity and your UPI ID.
  • Submit your application—and you're done!

Frequently asked questions

What is the listing date for the Baazar Style Retail Ltd IPO?

The listing date for the Baazar Style Retail Ltd IPO is 06 Sep 2024.

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

The issue size of the Baazar Style Retail Ltd IPO is ₹834.68 cr.

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

The minimum lot size for Baazar Style Retail Ltd IPO is 38

When does the Baazar Style Retail Ltd open and close?

Baazar Style Retail Ltd IPO is open from 30 Aug 2024 to 03 Sep 2024.

How can I apply for the Baazar Style Retail Ltd IPO?

To apply for the Baazar Style Retail Ltd, follow the steps given below:

  • Log in to your Bajaj Broking trading account and navigate to the current IPOs section.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen PO.
  • Enter the quantity and your UPI ID. You will receive a mandate notification to block funds in your UPI app.
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