Baazar Style Retail IPO Overview: Baazar Style Retail Limited is a fashion retailer running fashion shopping stores in 160+ cities of India. It has plan to raise ₹834.68 crore through IPO. Baazar Style Retail IPO is going to be open to the public on August 30, 2024 and the closing date of the IPO is September 3, 2024. The share allotment date of the Baazar Style Retail IPO is September 4, 2024 and the listing date is September 6, 2024.
This is a SME book-built fresh-issue initial public offering (IPO), with a total issue size of ₹834.68 crore for 2.14 crore shares. Whereas the fresh issue is ₹148 crore for 38 lakh shares, the offer for sale is ₹686.68 crore for 1.7 crore lakh shares. The price band of the Baazar Style Retail IPO is set at between ₹370 to ₹389 per share and the face value is ₹5 per share.
You will find all the information regarding the company and its IPO on this page. This page will be updated regularly with the latest updates regarding the Baazar Style Retail Limited IPO.
Table of Contents
Baazar Style Retail IPO Details
| IPO Date | August 30, 2024 to September 3, 2024 |
| Listing Date | Friday, September 6, 2024 |
| Face Value | ₹5 per share |
| Price Band | ₹370 to ₹389 per share |
| Lot Size | 38 Shares |
| Total Issue Size | ₹834.68 crore for 21,456,947 shares |
| Fresh Issue | ₹148 crore for 3,804,627 shares |
| Offer for Sale | ₹686.68 crore for 17,652,320 shares |
| Employee Discount | Rs 35 per share |
| Issue Type | Book-Built Issue IPO |
| Overall Subscription | 40.62x |
| Listing At | BSE, NSE |
| QIB Shares Offered | 50% of the Net offer |
| NIIs Shares Offered | 15% of the Net offer |
| Retail Shares Offered | 35% of the Net offer |
Baazar Style Retail IPO Important Dates
The opening date of the Baazar Style Retail IPO is Friday, August 30, 2024 and the closing date is Tuesday, September 3, 2024. The basic allotment date of the IPO is Wednesday, September 4, 2024 and the listing date is Friday, September 6, 2024.
All the important dates regarding the Baazar Style Retail Limited IPO are mentioned below. Mark them on your calendar so you don’t miss any events.
| IPO Open Date | Friday, August 30, 2024 |
| IPO Close Date | Tuesday, September 3, 2024 |
| Basis of Allotment | Wednesday, September 4, 2024 |
| Initiation of Refunds | Thursday, September 5, 2024 |
| Credit of Shares to Demat | Thursday, September 5, 2024 |
| Listing Date | Friday, September 6, 2024 |
Baazar Style Retail IPO GMP Today
The last updated Grey Market Premium (GMP) for the Baazar Style Retail IPO is up to ₹102. The offering price for the Baazar Style Retail Limited IPO is between ₹370 to ₹389 per share.
The following table displays the trend of the Baazar Style Retail IPO’s GMP over the past few days.
| GMP Date | IPO Price | GMP Price |
| September 4, 2024 | ₹370-₹389 | ₹102 |
| September 3, 2024 | ₹370-₹389 | ₹82 |
| September 2, 2024 | ₹370-₹389 | ₹97 |
| September 1, 2024 | ₹370-₹389 | ₹99 |
| August 31, 2024 | ₹370-₹389 | ₹99 |
| August 30, 2024 | ₹370 to ₹389 | ₹144 |
| August 29, 2024 | ₹370 to ₹389 | ₹144 |
Baazar Style Retail IPO Lot Size
Baazar Style Retail IPO offers a minimum of 38 shares per lot. Retail investors can apply for a minimum of 1 lot and a maximum of 13 lots, while high-net-worth individuals (HNIs) can apply for a minimum of 14 lots and a maximum of 67 lots.
The below table represents the future of minimum and maximum investment for retail investors and HNI concerning shares and amounts.
| 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 |
Baazar Style Retail IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Baazar Style Retail IPO Promoter Holdings
| -Share Holding Pre Issue | 55.03% |
| Share Holding Post Issue | 0% |
Step by step guide to apply Baazar Style Retail IPO?
Following is the step-by-step guide for apply Baazar Style Retail IPO:
Net Banking:
- Login to Internet Banking: Access your Internet banking account using your credentials.
- Browse to the IPO Section: Once logged in, go to the ‘Investments’ or ‘IPO’ section.
- Select the “Baazar Style Retail Ltd. IPO”: Locate and select the Baazar Style Retail IPO from the list of available IPOs.
- Fill out the IPO bid form: Enter the required details, such as your bid quantity, price, CDSL ID, and DP account information.
- Make Payment and Confirm Application: Complete the payment process as per the instructions and submit your application. If the IPO is not allotted to you, you will receive a full refund.
Angel One:
Here’s a step-by-step guide for applying to the Baazar Style Retail IPO using the Angel One app:
- Install the Angel One app:
- Click here to Download the Angel One app from the App Store (for iOS) or Google Play Store (for Android).
- Install and open the app on your device.
- Create an Account: or Log In to Your Account:
- Open the Angel One app.
- Tap on “Sign Up” or “Create Account.” After creating your account, log in using your username and password.
- Navigate to the IPOs section:
- Once logged in, look for the “IPOs” option on the main dashboard or menu.
- Select Baazar Style Retail IPO and then click on “Apply Now.”
- Choose the lot size you want to apply for.
- Enter your UPI ID, where the payment for the IPO will be processed.
- Click on “Apply for IPO.”
- Review your application details and click on “Apply for IPO” for the last step confirmation.
By following these steps, you will have successfully applied for the Baazar Style Retail Limited IPO through the Angel One app.
About Baazar Style Retail Limited
Baazar Style Retail Limited is fashion retailer running Fashion shopping stores in many cities of West Bengal, Odisha, Bihar, Assam, Jharkhand, Andhra Pradesh, Uttar Pradesh, Tripura, and Chhattisgarh. The company was established in June 2013 and headquartered in Kolkata. Now it operates more than165 stores across India.
In FY2024 the reported revenue of the company wis ₹982.83. However, the Profit After Tax of ₹21.94 crore of 2.23% net profit margin. Baazar Style Retail debt-to-equity ratio is 0.84 & return on equity is stands at 10.32%.
Baazar Style Retail Limited Financial Reports
| Particulars | Amount (₹ Crore) |
|---|---|
| Assets | 1,165.97 |
| Revenue | 982.83 |
| Profit After Tax (PAT) | 21.94 |
| Net Worth | 212.56 |
| Reserves and Surplus | 180.20 |
| Total Debts | 178.23 |
Baazar Style Retail Limited Key Performance Indicators (KPI) Table
| KPI | Value |
|---|---|
| Revenue Growth | – |
| Net Profit Margin (%) | 2.23% |
| Debt-to-Equity Ratio | 0.84 |
| Return on Assets (ROA) | 1.88% |
| Return on Equity (ROE) | 10.32% |
| ROCE | 18.39% |
Baazar Style Retail Limited Contact Details
P S Srijan Tech Park, DN-52, 12th Floor,
Street Number 11, DN Block, Sector V, Salt Lake
North 24 Parganas, Kolkata, PIN Code-700091
Phone: +91-3361256125
Email: [email protected]
FAQs
1. What is the GMP price of the Baazar Style Retail Limited IPO?
The current GMP price of the Baazar Style Retail IPO is ₹102.
2. On which exchange will the Baazar Style Retail IPO be listed?
Baazar Style Retail Ltd. IPO shares are to be listed on the NSE and BSE.
3. When is the allotment date for the Baazar Style Retail IPO?
The allotment date of the Baazar Style Retail Limited IPO is September 4, 2024.
4. What are the opening and closing dates of the Baazar Style Retail IPO?
Baazar Style Retail IPO will open on August 30, 2024 & close on September 3, 2024, 2024.
5. When is the listing date for the Baazar Style Retail Limited IPO?
Baazar Style Retail Limited IPO’s listing date is September 6, 2024.
Conclusion
Baazar Style Retail Limited is fashion retailer running Fashion shopping stores in 160+ cities of India. In FY2024 the reported revenue of the company wis ₹982.83. However, the Profit After Tax of ₹21.94 crore of 2.23% net profit margin. Baazar Style Retail debt-to-equity ratio is 0.84 & return on equity is stands at 10.32%.
To get more information and regular updates on the Baazar Style Retail Limited IPO, keep in touch with The Invest Advisory.