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.

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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

Listing price

₹ 389

Listing Gain

0.00%

Listing Date

2024-09-06

CMP

₹ 389.5

Current Return

0.13%

Baazar Style Retail Ltd. News

Baazar Style Retail opens two new express baazar stores in West Bengal31 Aug 2026, 9:58AM Baazar Style Retail opens new store in Andhra Pradesh 26 Aug 2026, 3:29PM Baazar Style Retail opens new store in Uttar Pradesh25 Aug 2026, 6:03PM Baazar Style Retail opens new Style Baazar store in Kolkata24 Aug 2026, 9:44AM Baazar Style Retail informs about SAST19 Aug 2026, 2:17PM Baazar Style Retail opens new Style Baazar store in West Bengal17 Aug 2026, 2:17PM Baazar Style Retail touches roof on opening new store in West Bengal17 Aug 2026, 10:50AM Baazar Style Retail opens new store in West Bengal14 Aug 2026, 4:27PM Baazar Style Retail touches roof on opening new store in West Bengal10 Aug 2026, 2:39PM Baazar Style Retail opens new store in West Bengal10 Aug 2026, 10:58AM Baazar Style Retail informs about opening of new retail store 1 Aug 2026, 2:49PM Baazar Style Retail opens new store in Bihar 11 Jul 2026, 4:22PM Baazar Style Retail informs about opening of new retail store 4 Jul 2026, 3:23PM Baazar Style Retail opens new store in Uttar Pradesh4 Jul 2026, 3:07PM Baazar Style Retail informs about newspaper publication20 Jun 2026, 2:03PM Baazar Style Retail informs about opening of new retail store of company 12 Jun 2026, 2:40PM Baazar Style Retail opens new store in Bihar 12 Jun 2026, 2:07PM Baazar Style Retail trades higher on the BSE 10 Jun 2026, 2:08PM Baazar Style Retail opens new store in Odisha10 Jun 2026, 12:42PM Baazar Style Retail informs about analyst meet 4 Jun 2026, 5:19PM

Company Financials

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

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 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Net Sales 426.76 551.12 787.9 972.65 1343.55
Total Expenditure 380.1 482.77 686.42 828.46 1150.97
Operating Profit 46.66 68.35 101.48 144.2 192.58
Other Income 15.42 10.02 6.49 9.95 8.99
Interest 34.27 35.38 41.38 51.41 71.94
Depreciation 48.24 53.05 61.19 73.45 99.89
Exceptional Items 0 0 0 0 -10.76
Profit Before Tax -20.43 -10.05 5.41 29.28 18.99
Provision for Tax -2.16 -2.04 0.31 7.29 4.24
Net Profit -18.27 -8.01 5.1 21.99 14.74
Adjusted EPS (Rs.) -0.3 -0.12 0.07 0.31 0.2

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 4.36 33.29 34.93 34.93 37.31
Total Reserves 85.18 110.48 158.66 180.24 366.53
Borrowings 24.79 17.03 18.1 29.1 17.68
Other N/C liabilities 233.96 272.05 332.9 427.21 769.15
Current liabilities 245.78 311.59 309.8 484.56 551.38
Total Liabilities 594.07 744.44 854.39 1156.04 1742.06
Assets
Net Block 338.21 386.45 468.26 619.96 1019.69
Capital WIP 1.71 2.65 1.53 6.92 11.62
Intangible WIP 0 0 0 0 2.81
Investments 0 0 0 0.01 0.01
Loans & Advances 15.39 16.64 17.82 19.28 40.6
Other N/C Assets 2.76 0 1.52 0.81 0.83
Current Assets 236 338.71 365.27 509.06 666.51
Total Assets 594.07 744.44 854.39 1156.04 1742.06
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Other Income 3.29 3.77 2.25 1.93 3.49
Profit Before Tax 2.86 68.91 25.57 -36.03 3.34
Tax 0.79 17.42 6.6 -10.39 1.1
Profit After Tax 2.07 51.49 18.97 -25.64 2.23
Adjusted EPS (Rs) 0.28 6.9 2.54 -3.44 0.29

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2026 44.81 0
Mar 2026 45.71 0
Dec 2025 45.71 0
Sep 2025 45.71 0
Jun 2025 45.57 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Profit from operations -20.43 -10.05 5.41 29.28 18.99
Adjustment 72.94 80.65 100.52 116.71 176.02
Changes in Assets & Liabilities -4.99 -53.33 -67.58 -31.34 -129.92
Tax Paid -0.11 -1.68 -5.44 -2.8 -12.31
Operating Cash Flow 47.41 15.59 32.91 111.84 52.77
Investing Cash Flow -8.88 -26.53 -43.02 -84.77 -102.82
Financing Cash Flow -36.52 28.53 -7.72 -18.14 54.12
Net Cash Flow 2.01 17.59 -17.83 8.93 4.08
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