Baazar Style Retail is set to launch its IPO (Initial Public Offering) on August 30, 2024, aiming to raise approximately ₹834.68 crores. This IPO has garnered significant attention due to the company’s strong presence in the value fashion retail segment across Eastern India. In this blog post, we’ll dive deep into all the essential details about the Baazar Style Retail IPO, including its open and close dates, price band, allotment status, and more.
Baazar Style Retail IPO Details
| IPO Details | Information |
|---|---|
| IPO Open Date | August 30, 2024 |
| IPO Close Date | September 3, 2024 |
| Face Value | ₹5 per equity share |
| IPO Price Band | ₹370 to ₹389 per share |
| Issue Size | ₹834.68 crores (Approx 21,456,947 shares) |
| Fresh Issue | ₹148 crores (Approx 3,804,627 shares) |
| Offer for Sale | ₹686.68 crores (Approx 17,652,320 shares) |
| Employee Discount | ₹35 per share |
| Issue Type | Book Built Issue |
| Listing Exchanges | BSE and NSE |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Allotment Date | September 4, 2024 |
| IPO Listing Date | September 6, 2024 |
Key Dates for Baazar Style Retail IPO
The Baazar Style Retail IPO will open for subscription on August 30, 2024, and close on September 3, 2024. The basis of allotment will be finalized on September 4, 2024, with refunds processed by September 5, 2024. The shares are expected to be credited to investors’ Demat accounts on the same day, and the IPO will be listed on September 6, 2024, on both BSE and NSE.
Baazar Style Retail IPO Market Lot
Investors can apply for the Baazar Style Retail IPO in lots. The minimum market lot size is 38 shares, amounting to ₹14,782. Retail investors can apply for a maximum of 13 lots (494 shares), amounting to ₹192,166.
| Category | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 38 | ₹14,782 |
| Retail Maximum | 13 | 494 | ₹192,166 |
| S-HNI Minimum | 14 | 532 | ₹206,948 |
| B-HNI Minimum | 68 | 2,584 | ₹1,005,176 |
Financial Performance of Baazar Style Retail
Baazar Style Retail has shown considerable growth over the past few years. In 2024, the company reported a revenue of ₹982.83 crores, up from ₹794.39 crores in 2023. The company also turned profitable in 2024 with a profit of ₹21.94 crores, compared to a loss of ₹5.10 crores in 2023. This improvement in financial performance suggests a positive outlook for the company’s IPO.
| Year | Revenue (₹ Crores) | Expense (₹ Crores) | Profit After Tax (₹ Crores) | Assets (₹ Crores) |
|---|---|---|---|---|
| 2022 | 561.14 | 571.19 | 8.01 | 754.20 |
| 2023 | 794.39 | 788.98 | -5.10 | 867.11 |
| 2024 | 982.83 | 953.61 | 21.94 | 1165.97 |
Baazar Style Retail IPO Valuation Metrics
Investors often look at various metrics to evaluate an IPO. For Baazar Style Retail, here are some key financial ratios:
| Metric | Value |
|---|---|
| Return on Equity (RoE) | 10.74% |
| Return on Capital Employed | 18.39% |
| EBITDA Margin | 14.61% |
| PAT Margin | 2.23% |
| Debt to Equity Ratio | 0.76 |
| Earnings Per Share (EPS) | ₹3.14 (Basic) |
| Net Asset Value (NAV) | ₹30.43 |
Objects of the Baazar Style Retail IPO
The proceeds from the Baazar Style Retail IPO will be used for the following purposes:
- Prepayment or repayment of outstanding borrowings: The company intends to use a part of the proceeds to repay or prepay some of its existing debt.
- General corporate purposes: The remaining funds will be used for general corporate activities to support the company’s growth and expansion plans.
Baazar Style Retail IPO Review
Based on the company’s financial performance and growth prospects, some analysts have mixed views on the Baazar Style Retail IPO. While some brokers are optimistic due to the company’s recent profitability and expansion plans, others are cautious, citing the narrow PAT margin and competitive retail market.
- IPO Watch: Avoid
- Swastika Investmart: Neutral
For a more detailed review, you can check out our IPO Review.
How to Apply for Baazar Style Retail IPO?
Investors can apply for the Baazar Style Retail IPO through ASBA (Application Supported by Blocked Amount) online via their bank account or through UPI via stock brokers. Additionally, investors can apply through offline forms available from brokers. For more details on the application process, visit our IPO Forms page.
Baazar Style Retail IPO FAQs
1. What is Baazar Style Retail IPO?
Baazar Style Retail IPO is a main-board IPO aiming to raise ₹834.68 crores through the sale of equity shares. The IPO price band is ₹370 to ₹389 per share.
2. When does the Baazar Style Retail IPO open for subscription?
The IPO opens on August 30, 2024, and closes on September 3, 2024.
3. What is the Baazar Style Retail IPO price band?
The IPO price band is set between ₹370 and ₹389 per share.
4. How can I check the Baazar Style Retail IPO allotment status?
You can check the IPO allotment status on the Link Intime India Private Ltd website or by visiting our IPO Allotment page.
5. What is the listing date for the Baazar Style Retail IPO?
The Baazar Style Retail IPO is scheduled to list on September 6, 2024.
6. What is the minimum investment for retail investors?
Retail investors can apply for a minimum of 38 shares, amounting to ₹14,782.
7. What is the Baazar Style Retail IPO GMP (Grey Market Premium)?
The GMP for Baazar Style Retail IPO will be updated on our IPO GMP page as soon as it becomes available.
For more details on upcoming IPOs, visit our Upcoming IPO page.
Conclusion
The Baazar Style Retail IPO offers a unique opportunity for investors to participate in the growth story of a leading value fashion retailer in Eastern India. With the company’s strategic expansion plans and improved financial performance, this IPO is certainly one to watch. However, potential investors should carefully consider the risks and consult with financial advisors before making any investment decisions.
For more updates on the latest IPOs, including grey market premiums, allotment tips, and more, be sure to check out IPO Gray Market.
