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
View
DRHP
View
Open Date

2024-08-30

Close Date

2024-09-03

Baazar Style Retail Ltd. IPO Details

Check out the issue details for Baazar Style Retail Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 389

Price Band

₹ 370 - 389

Issue Size

834.68 Cr.

Issue Type

Book Built

Open

2024-08-30

Close

2024-09-03

Listingprice

₹ 389

ListingGain

0.00%

Listing Date

2024-09-06

CMP

₹ 322.05

Current Return

-17.21%

Baazar Style Retail Ltd. News

Baazar Style Retail submits intimation of opening of new retail store 6 Dec, 5:06PM Baazar Style Retail expands footprint in Uttar Pradesh6 Dec, 2:56PM Baazar Style Retail opens new store in Uttar Pradesh30 Nov, 3:54PM Baazar Style Retail informs about opening of new store30 Nov, 1:19PM Baazar Style Retail open new store in Odisha19 Nov, 2:40PM Baazar Style Retail informs about analyst meet 15 Nov, 5:11PM Baazar Style Retail expands network in Arunachal Pradesh8 Nov, 4:59PM Baazar Style Retail - Quaterly Results7 Nov, 2:40PM Baazar Style Retail - Quaterly Results7 Nov, 2:40PM Baazar Style Retail - Quaterly Results7 Nov, 2:40PM Baazar Style Retail informs about opening of new retail stores 4 Nov, 4:59PM Baazar Style Retail opens two new stores4 Nov, 4:00PM Baazar Style Retail informs about opening of new retail store29 Oct, 12:26PM Baazar Style Retail opens new stores in Uttar Pradesh, Bihar, Assam28 Oct, 10:42AM Baazar Style Retail opens new store in Ayodhya25 Oct, 4:48PM Baazar Style Retail informs about opening of new store 25 Oct, 2:45PM Baazar Style Retail opens new stores in Bihar, Assam24 Oct, 3:52PM Baazar Style Retail opens new store in Bihar22 Oct, 10:58AM Baazar Style Retail opens new store in Uttar Pradesh8 Oct, 5:31PM Baazar Style Retail informs about opening of new retail store8 Oct, 2:45PM

Company Financials

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

Exchange

NSE: STYLEBAAZA BSE: 544243

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

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

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 Sep 2024
Other Income 3.14 2.18
Profit Before Tax -0.6 -11.82
Tax -0.21 -2.92
Profit After Tax -0.39 -8.9
Adjusted EPS (Rs) -0.06 -1.19

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 45.56 0
* Figures given above are % of equity capital

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
X