Baazar Style Retail IPO

Baazar Style Retail IPO

₹14,782 / 38 shares

INVEST NOW

Baazar Style Retail IPO Details

RHP/DRHP

Issue Date

--

Price Range

₹370 - ₹389

Lot Size

38

IPO Size

₹834.77 Cr

Baazar Style Retail IPO Listing Details

Listing On

6 Sep'24

Issue Price

₹389

Listed Price

₹ 389

Retail Gain/Listing Gain

▲0.00%

Schedule of Baazar Style Retail IPO

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

06/09/2024

Baazar Style Retail Company Background

Baazar Style Retail Limited is a value fashion retailer. They are market leaders, in terms of scale, in the states of West Bengal and Odisha in the organized value retail market (Source: The Technopak Report).

Within the apparel vertical, the company offers garments for men, women, boys, girls and infants, whereas their general merchandise offerings include non-apparel and home furnishing products.

Click here to know more about Baazar Style Retail Share Price and stay updated on the latest market trends.

One of the fastest-growing value retailers in eastern India and a market leader in West Bengal and Odisha

They were one of the fastest growing value retail chains during 2017 - 2023, in terms of store count, registering a CAGR of 42%, as per a Technopak Report. As of December 31, 2023, they were present in nine states and operated 153 stores.

During the same period, they were also the fastest-growing value retailer in terms of revenue from operations registering a CAGR of 27.8% when compared to that of the listed value retailers (Source: The Technopak Report).

Accelerated store expansion through a cluster-based approach

Their store count has grown from two stores since their incorporation in FY 2014 to 135 stores as of FY 2023 signifying a CAGR of 59.68%. The number of stores closed in FY 2023, 2022, and 2021, is 5, 3, and 2, respectively. They have the lowest store closures amongst the retail players in the last three fiscals.

Strong financial track record

The company registered a CAGR of 21.80% in the number of stores during FY 2021-2023; they witnessed a similar growth in their financial performance over the same period. The total income was ₹7,943.89 million as of March 31st 2023, ₹5611.39 million as of March 31st 2022, and ₹4,421.78 million as of March 31st 2021. The EBITDA was ₹1,014.84 million in FY2023, ₹683.52 million in FY2022, and ₹465.91 million in FY2021.

Risk Factors

  • The company’s stores are concentrated in the eastern parts of India. Any adverse developments that affect their operations in that particular state can hurt the business.
  • The use of ‘Style Baazar’ or similar trade names or images by third parties may result in loss of business to the third party. In addition, any potential negative publicity relating to such third parties may hurt their reputation and business.
  • The growth of the business depends on the ability to identify, obtain and retain quality retail spaces.

Key Strategies

  • Expand profit margins and increase revenue contribution from private labels. Focus on differentiation and achieving greater control over product quality of private labels.

  • Strengthen market position by increasing penetration in existing clusters, expanding footprint in the focus markets, increasing focus on customer retention, and garnering greater brand loyalty.

  • Continue to invest in strengthening their supply chain management and human capital to further reduce operating costs.

Here are the key financials for Baazar Style Retail Limited:

Loading chart...
WHAT ARE YOU LOOKING FOR?
Applying for an IPO for the first time?
Here's a video playlist to help you invest in the upcoming Baazar Style Retail Limited IPO
How to apply for IPO through ASBA

How to apply for IPO through ASBA

Kotak Neo

•

04m 01s

How to apply for an IPO using UPI

How to apply for an IPO using UPI

Kotak Neo • 01m 19s

How To Apply for Baazar Style Retail Ltd IPO?

Here are the steps to apply for Baazar Style Retail Ltd IPO:

Step 1: Log in to your Kotak Neo Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.

Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.

Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.

Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.

Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.

Baazar Style Retail IPO FAQs

The Baazar Style Retail IPO opens for subscription from [-] to [-], with a total issue size of ₹834.77 Cr. The IPO price band is ₹370 to ₹389 per share with a lot size of 38. The company aims to list the shares on BSE & NSE on 06-09-2024.

The Baazar Style Retail IPO will open for subscription on [-] and will close on [-] for investors.

The minimum lot size for the Baazar Style Retail IPO is 38 equity shares, requiring a minimum investment of ₹14782 for retail investors applying in the IPO.

The price band of the Baazar Style Retail IPO has been fixed at ₹370 to ₹389 per equity share.

You can apply for the Baazar Style Retail IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.

Baazar Style Retail IPO allotment will take place on [-].

You can check the Baazar Style Retail IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.

Baazar Style Retail shares will list on the stock exchanges on 06-09-2024.

You can find detailed information about the Baazar Style Retail IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).

The Baazar Style Retail IPO has an issue size of ₹834.68 crores. The IPO opens for subscription on 30/08/2024 and closes on 3/09/2024.

Link Intime India Private Limited is the registrar for this IPO.

Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.

Trending IPOs