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.

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

₹ 285.9

Current Return

-26.50%

Baazar Style Retail Ltd. News

Baazar Style Retail - Quaterly Results11 Nov 2025, 12:00AM Baazar Style Retail informs about opening of new store 17 Oct 2025, 2:49PM Baazar Style Retail opens new store of Style Baazar in Bihar15 Oct 2025, 3:52PM Baazar Style Retail informs about business update3 Oct 2025, 4:42PM Baazar Style Retail opens new store of Style Baazar in Uttar Pradesh29 Sep 2025, 10:51AM Baazar Style Retail informs about opening of new store 29 Sep 2025, 9:42AM Baazar Style Retail opens new store of Style Baazar in Uttar Pradesh26 Sep 2025, 2:58PM Baazar Style Retail opens new store of Style Baazar in Bihar25 Sep 2025, 12:58PM Baazar Style Retail opens three new stores of Style Baazar22 Sep 2025, 2:13PM Baazar Style Retail opens new store of Style Baazar in West Bengal15 Sep 2025, 12:30PM Baazar Style Retail opens new store in West Bengal12 Sep 2025, 2:58PM Baazar Style Retail informs about opening a new store 12 Sep 2025, 12:52PM Baazar Style Retail opens new store in West Bengal8 Sep 2025, 12:00PM Baazar Style Retail submits newspaper advertisements30 Aug 2025, 12:43PM Baazar Style Retail opens new store in West Bengal 29 Aug 2025, 2:19PM Baazar Style Retail opens new stores in Uttar Pradesh, Odisha22 Aug 2025, 4:14PM Baazar Style Retail opens new store in Assam16 Aug 2025, 4:30PM Baazar Style Retail opens two new stores in West Bengal16 Aug 2025, 12:31PM Baazar Style Retail opens new store in West Bengal9 Aug 2025, 4:28PM Baazar Style Retail opens new stores in West Bengal, Uttar Pradesh8 Aug 2025, 3:58PM

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 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Other Income 2.18 1.9 1.78 2.9 3.77
Profit Before Tax -11.82 40.78 -9.38 2.86 68.91
Tax -2.92 10.36 -2.98 0.79 17.42
Profit After Tax -8.9 30.42 -6.4 2.07 51.49
Adjusted EPS (Rs) -1.19 4.08 -0.86 0.28 6.9

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2025 45.71 0
Jun 2025 45.57 0
Mar 2025 45.57 0
Dec 2024 45.56 0
Sep 2024 45.56 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
X