Baazar Style Retail IPO Details
| IPO Size | 834.68 |
| Price Range | ₹370 - ₹389 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | ₹35 Per Share |
| Listing at | NSE and BSE |
| Minimum Quantity | 38 |
| Investment (cut-off price) | ₹14,782 |
| Pre IPO Promotor Holding | 55.03% |
| Post IPO Promotor Holding | -- |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Baazar Style Retail IPO Timelines
30/08/2024
Start Date03/09/2024
End Date05/09/2024
Refund Initiation05/09/2024
Credit of Shares to Demat Ac06/09/2024
Listing DateBaazar Style Retail IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 38 | ₹14,782 |
| Retail Maximum | 13 | 494 | ₹192,166 |
| S-HNI Minimum | 14 | 532 | ₹206,948 |
| S-HNI Maximum | 67 | 2546 | ₹990,394 |
| B-HNI Minimum | 68 | 2584 | ₹1,005,176 |
Baazar Style Retail IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 81.83 x | 59.41 x | 9.07 x | 35.08 x | 40.63 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹389 | ₹400 | ₹431.15 | ₹378.40 |
Baazar Style Retail IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹561.14 | ₹571.19 | -₹8.01 |
| FY 2023 | ₹794.39 | ₹788.98 | ₹5.10 |
| FY 2024 | ₹982.83 | ₹953.61 | ₹21.94 |
About Company
Bazaar Style Retail Limited, incorporated in June 2013, is a prominent fashion retailer with a strong presence in West Bengal and Odisha. The company offers a diverse range of apparel for men, women, boys, girls, and infants, along with general merchandise such as non-apparel and home furnishing products.
Committed to delivering a family-oriented shopping experience, Bazaar Style Retail focuses on providing high-quality, stylish products at affordable prices to cater to the needs of Indian families.
As of March 31, 2024, Bazaar Style Retail has significantly expanded its footprint across nine states, including Odisha, Bihar, Assam, Jharkhand, Andhra Pradesh, Uttar Pradesh, Tripura, and Chhattisgarh, operating 162 stores. Each store averages 9,046 square feet and is staffed by trained employees dedicated to enhancing the customer experience.
The company boasts a robust in-house marketing team of 13 professionals and a skilled designing and merchandising team of 57 personnel. These teams possess deep expertise in understanding regional preferences and are adept at aligning their offerings with the latest market trends.
Bazaar Style Retail continues strengthening its position as a go-to destination for affordable, stylish merchandise in its regions.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2013 | Retailing | Shreyans Surana |
Know Before Investing
Baazar Style Retail IPO Strengths
- Fastest-growing value retailer in Eastern India with 3.03% market share.
- Expanded to 162 stores across 9 states by March 2024.
- Revenue grew at 32.86% CAGR from ₹5,511.18 million in FY 2022-2024.
- Cluster-based expansion strategy supports deep market penetration and efficiency.
- Private labels contributed 37.93% to revenue in FY 2024.
- Strategic store locations maximise visibility and customer footfall potential.
Baazar Style Retail IPO Risks
- 87.32% of revenue comes from East India markets, geographical concentration.
- 83.80% of revenue from apparel sales indicates heavy reliance on apparel.
- 37.93% of revenue comes from private labels.
- Only 3.03% market share in organised value retail with high competition.
- 641 suppliers, no long-term agreements in place, increase supply chain risk.
- Seasonal demand fluctuations; inventory turnover affected, 212 days in FY 2024.
Swot Analysis for Baazar Style Retail IPO
Strengths
Caters to mass population
Weaknesses
Geographical concentration
Opportunities
Shift from unorganized to organized segment, Penetration in new regions
Threats
High competition
Company Details
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, – 700091
Phone: +91 3361256125
Email: [email protected]
Website: https://stylebaazar.in/
IPO Registar Details
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html
FAQs
The key objectives of Baazar Style Retail IPO are:
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company.
- General corporate purposes.
Axis Capital Ltd. is the book-running lead managers for the Baazar Style Retail IPO.