Baazar Style Retail IPO Date, Price, GMP, Review – The Baazar Style Retail IPO is set to launch on August 30. Baazar Style Retail’s Mainline IPO aims to raise ₹834.68 crores. The Baazar Style Retail IPO price band is set at ₹370 to ₹389, with a market lot of 38 shares. Baazar Style Retail Limited (Style Baazar) is a leading value fashion retailer in West Bengal and Odisha, boasting the greatest retail presence in Eastern India. From 2017 to 2023, it was the fastest-growing bargain retailer, with 153 outlets spanning 1.39 million square feet in 140 cities. As of December 31, 2023, the corporation operated 153 locations under the brand ‘Style Bazaar’.In fiscal 2023, the company has the largest retail footprint in Eastern India as compared to Listed Value Retailers.
Baazar Style Retail IPO Details
| IPO Open Date | August 30, 2024 |
| IPO Close Date | 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 | 21,456,947 shares
(aggregating up to ₹834.68 Cr) |
| Fresh Issue | 3,804,627 shares
(aggregating up to ₹148.00 Cr) |
| Offer for Sale | 17,652,320 shares of ₹5
(aggregating up to ₹686.68 Cr) |
| Employee Discount | Rs 35 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Baazar Style Retail Financials
| FY 2024 | |
| Assets | 1,165.97 |
| Revenue | 982.83 |
| Profit After Tax | 21.94 |
| Net Worth | 212.56 |
| ROE | 10.74% |
| ROCE | 18.39% |
| Debt/Equity | 0.76 |
| RoNW | 10.32% |
| P/BV | 12.78 |
| PAT Margin (%) | 2.23 |
Objective of The Issue
The following objectives are what the company hopes to accomplish with the Net Proceeds from the Issue:
- repayment of some outstanding loans that the business has taken out, either in full or in part.
- general objectives of the company.
About the Company – Baazar Style Retail
Founded in November 2013, Baazar Style Retail Limited provides a large assortment of clothing for men, women, boys, girls, and newborns in addition to home furnishings and a variety of non-apparel items. Targeting young people and families who are value-driven, fashion-conscious, and quality-conscious is the company’s primary focus within the emerging middle class. Most of the market’s purchasing power is accounted for by this sector, which normally has a household income of less than $5,000 USD annually.
Baazar Style Retail Limited offers high-quality products at reasonable rates in an effort to create a family-friendly shopping environment. Being a one-stop shop, the business meets the needs of the whole family and makes sure that its clients get stylish goods that fit their tastes and price range.
