Baazar Style Retail IPO
Baazar Style Retail IPO — date, price band, lot size & details 2024
Baazar Style Retail listed on 6 Sep 2024 at ₹389, flat to the ₹389 issue price.
Baazar Style Retail is a value fashion retailer in West Bengal and Odisha, selling apparel and general merchandise through value retail stores. Its total income was Rs 982.83 crore in FY2024.
Stock price
Baazar Style Retail is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 30 Aug 2024
- Close 03 Sep 2024
- Allotment 04 Sep 2024
- Refund/credit 05 Sep 2024
- Listing 06 Sep 2024
Issue summary
The terms of the offer, as filed.
| IPO Dates | 30 Aug to 3 Sep, 2024 |
|---|---|
| Price Band | ₹370 – ₹389 |
| Face Value | ₹5 |
| Lot Size | 38 Shares |
| Issue Size | ₹834.68 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Employee Discount | Rs 35.00 per share |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,782 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 38 shares at the ₹389 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 38 | ₹14,782 |
| Retail (max) | 13 | 494 | ₹1,92,166 |
| S-HNI (min) | 14 | 532 | ₹2,06,948 |
| S-HNI (max) | 67 | 2,546 | ₹9,90,394 |
| B-HNI (min) | 68 | 2,584 | ₹10,05,176 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 561.14 crore in FY2022 to Rs 982.83 crore in FY2024, as per the RHP.
- 02The company turned from a loss of Rs 8.01 crore in FY2022 to a profit of Rs 21.94 crore in FY2024.
- 03Rs 146.00 crore of the fresh issue was planned for repaying debt.
- 04It has a share of 3.03% of the organised value retail market in West Bengal.
- 05Net worth grew from Rs 143.77 crore on 31 March 2022 to Rs 215.13 crore on 31 March 2024.
Risks · 5
- 01The pre-issue P/E was 125.54 at the upper band of Rs 389, based on EPS of Rs 3.10.
- 02Margins are thin, and the source puts the PAT margin at 2.23%.
- 03Rs 686.62 crore of the Rs 834.68 crore issue was offer for sale.
- 04Stores are concentrated in 2 eastern states, and leases add large fixed costs.
- 05Promoters and the promoter group held only 55.03% before the issue, and several promoter group members sold shares in the offer.
Three years of numbers
All figures in ₹ crore, as reported in the Baazar Style Retail offer document.
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 1,165.97 | 867.11 | 754.20 |
| Revenue from Operations | 972.88 | 787.90 | 551.12 |
| Total Income | 982.83 | 794.39 | 561.14 |
| Profit After Tax | 21.94 | 5.10 | -8.01 |
| NET Worth | 215.13 | 193.59 | 143.77 |
| Total Borrowing | 178.23 | 115.18 | 101.57 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Baazar Style Retail RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Baazar Style Retail IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹3.10 | ₹2.94 |
| P/E Ratio (x) | 125.54 | 132.28 |
| Market Cap at Offer Price (₹ Cr) | ₹2,753.12 | ₹2,902.95 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹389 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹174.99 Cr of the issue is earmarked to named objects.
About the company
It sells quality and affordable products in apparel and general merchandise through a chain of value retail stores. Apparel covers men, women, boys, girls and infants, and general merchandise includes non-apparel and home furnishing.
Its promoters include Pradeep Kumar Agarwal, Rohit Kedia, Shreyans Surana, Bhagwan Prasad and Sri Narsingh Infrastructure.
The IPO was Rs 834.68 crore, with Rs 148.06 crore of fresh issue and Rs 686.62 crore of offer for sale by investors such as Rekha Rakesh Jhunjhunwala and promoter group members. Rs 146.00 crore of the fresh money was planned for repaying borrowings.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Baazar Style Retail IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
125 issues handledBest listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).
Axis Capital
126 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Intensive Fiscal Services Pvt. Ltd
8 issues handledBest listing: Chemcon Speciality Chemicals (+115.0%). Weakest: Gopal Snacks (-12.5%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Baazar Style Retail?
The current Grey Market Premium is ₹62, or 16% over the issue price.
What is the Baazar Style Retail IPO price band?
₹370 to ₹389, on a face value of ₹5.
When is the allotment?
The basis of allotment is 4 September 2024, with listing on 6 September 2024.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
