Baazar Style Retail Ltd. IPO

Baazar Style Retail Limited is a leading value fashion retailer in India, operating under the brand name 'Style Baazar'. With a focus on affordable and stylish apparel and general merchandise, the company caters to the aspiring middle class. Baazar Style has a strong presence in Eastern India and has been recognized for its rapid growth and customer-centric approach. The company's private label brands contribute significantly to its revenue, and its focus on strategically located stores and efficient operations has helped it achieve a high EBITDA margin.

RHP
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DRHP
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Open Date

2024-08-30

Close Date

2024-09-03

Company Financials

You can get the following financial statements of Baazar Style Retail Ltd. as of now.

Subscription Details

The details about the Baazar Style Retail Limited IPO (Style Baazar IPO) is as:

  • The issue size of the IPO is 834.68 Cr.
  • The price band for Baazar Style Retail Limited IPO is Rs 370 to Rs 389.
  • The shares of Baazar Style Retail Limited IPO will list on 6th September 2024.
  • The latest tentative GMP of Baazar Style Retail Limited IPO is Rs 95.
  • The shares of Baazar Style Retail Limited IPO is subscribed 40.63 Times as of 3rd September 2024.

 

Baazar Style Retail Limited IPO Valuation (Style Baazar IPO Valuation)

The approx valuation of Baazar Style Retail Limited IPO (Style Baazar IPO) based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 389
Existing Shares (Qty) 70.81 Cr
Fresh Issue 148 Cr
Market Cap 27,693.09 Cr
EPS (FY24) Rs 3.14
PE Ratio 123.88x
Industry PE 138.88x

 

Baazar Style Retail Limited IPO Issue Size (Style Baazar IPO Issue Size)

Baazar Style Retail Limited IPO (Style Baazar IPO) issue size is 834.68 Cr

Issue Amount
Fresh Issue 148 Cr
Offer For Sale 686.68 Cr

 

Baazar Style Retail Limited IPO Market Lot (Style Baazar IPO Market Lot)

An Individual can apply for a minimum 1 lot of 38 shares and a maximum of 13 lots of 494 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 38 Rs 14,782
 Maximum 13 494 Rs 1,92,166

 

Baazar Style Retail Limited IPO share offer

The shares of Baazar Style Retail Limited IPO is subscribed 40.63 Times as of 3rd September 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 81.83 Times
Non-Institutional Minimum 15% 59.41 Times
Retail Individual Minimum 35% 9.07 Times
Employee 28,248 Shares 35.08 Times
Total   40.63 Times

Allotment Details

Find below the dates for Baazar Style Retail Limited IPO (Style Baazar IPO):

Schedule Date
Basis of Allotment 4 September 2024
Refunds 5 September 2024
Credit to Demat Account 5 September 2024
IPO Listing Date 6 September 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 629.34 426.76 551.12 787.9 972.65
Total Expenditure 565.26 380.1 482.77 686.42 830.43
Operating Profit 64.08 46.66 68.35 101.48 142.22
Other Income 3.12 15.42 10.02 6.49 9.95
Interest 34.99 34.27 35.38 41.38 49.43
Depreciation 45.12 48.24 53.05 61.19 73.45
Exceptional Items 0 0 0 0 0
Profit Before Tax -12.9 -20.43 -10.05 5.41 29.28
Provision for Tax -3.05 -2.16 -2.04 0.31 7.29
Net Profit -9.85 -18.27 -8.01 5.1 21.99
Adjusted EPS (Rs.) -0.16 -0.3 -0.12 0.07 0.31

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 4.36 4.36 33.29 34.93 34.93
Total Reserves 103.2 85.18 110.48 158.66 180.24
Borrowings 29.33 24.79 17.03 18.1 29.1
Other N/C liabilities 239.53 233.96 272.05 332.9 426.25
Current liabilities 262.76 245.78 311.59 309.8 479.45
Total Liabilities 639.18 594.07 744.44 854.39 1149.98
Assets
Net Block 351.77 338.21 386.45 468.26 619.96
Capital WIP 2.76 1.71 2.65 1.53 6.92
Intangible WIP 0 0 0 0 0
Investments 0 0 0 0 0.01
Loans & Advances 16.63 15.39 16.64 17.82 19.28
Other N/C Assets 2.71 2.76 0 1.52 0.81
Current Assets 265.3 236 338.71 365.27 502.99
Total Assets 639.18 594.07 744.44 854.39 1149.98
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2024
Other Income 3.14
Profit Before Tax -0.6
Tax -0.21
Profit After Tax -0.39
Adjusted EPS (Rs) -0.06

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations -12.9 -20.43 -10.05 5.41 29.28
Adjustment 79.92 72.94 80.65 100.52 116.71
Changes in Assets & Liabilities 0.38 -4.99 -53.33 -67.58 -31.57
Tax Paid -4.21 -0.11 -1.68 -5.44 -2.8
Operating Cash Flow 63.19 47.41 15.59 32.91 111.61
Investing Cash Flow -26.37 -8.88 -26.53 -43.02 -84.55
Financing Cash Flow -45.82 -36.52 28.53 -7.72 -18.14
Net Cash Flow -9 2.01 17.59 -17.83 8.93
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