About Baazar Style Retail:
The company is a value fashion retailer with a market share of ₹4,822.74 million, representing 3.03%, and ₹1,573.41 million, representing 2.22%, in the organized value retail market in West Bengal and Odisha, respectively. The company offers quality and affordable products under the apparel and general merchandise segments through a chain of value retail stores. In the apparel segment, the company provides garments for men, women, boys, girls, and infants, while the general merchandise offerings include non-apparel and home furnishing products.
About the Industry in which Baazar Style Retail operates:
The value retail market in India’s apparel segment was estimated at approximately ₹3,721.70 billion in Fiscal 2024. This market is projected to grow at a CAGR of 13.9%, reaching ₹5,341.25 billion by Fiscal 2027. As of Fiscal 2024, the value retailing industry (lifestyle and home) in the eastern and northeastern states of India is estimated at ₹1,417.48 billion. These eastern states are the fastest-growing consumer markets for value retail, with an expected market size of ₹2,208.02 billion, growing at a CAGR of 15.9% from Fiscal 2024 to Fiscal 2027.
| Important Information and Timelines of the IPO of Baazar Style Retail: | |
|---|---|
| Open Date | 30 August 2024 |
| Close Date | 3 September 2024 |
| Total Issue Size – Number of Shares | 21456947 |
| Minimum Bid Price | 370 |
| Maximum Bid Price | 389 |
| Lot Size | 38 |
| Basis of Allotment | 4 September 2024 |
| Initiation of Refunds and Credit of Shares to Demat | 5 September 2024 |
| Listing Date | 6 September 2024 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Baazar Style Retail:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 38 | 14782 |
| Retail – Maximum | 13 | 494 | 192166 |
| sHNI – Minimum | 14 | 532 | 206948 |
| sHNI – Maximum | 67 | 2546 | 990394 |
| bHNI – Minimum | 68 | 2584 | 1005176 |
Objective of the IPO of Baazar Style Retail:
-
Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company.
-
General corporate purposes
Financials of Baazar Style Retail:
| Particulars | Fiscal 2024 | Fiscal 2023 | Fiscal 2022 |
|---|---|---|---|
| Equity Share Capital | 349.27 | 349.27 | 332.93 |
| Total Equity | 2,151.26 | 1,935.85 | 1,437.74 |
| Revenue from Operations | 9,728.82 | 7,879.03 | 5,511.18 |
| Total Income | 9,828.26 | 7,943.89 | 5,611.39 |
| Profit/(Loss) After Tax | 219.42 | 51.02 | (80.07) |
| Earnings Per Share | |||
| - Basic | 3.14 | 0.76 | (1.31) |
| - Diluted | 3.14 | 0.76 | (1.31) |
| Net Asset Value per Equity Share | 30.43 | 27.35 | 21.21 |
| Total Borrowings | 1,782.28 | 1,151.81 | 1,015.65 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Baazar Style Retail. You will receive a UPI mandate after 10:00 AM on 30 August 2024.
###1. How to apply for the IPO of Baazar Style Retail on Dhan?
You can apply for the IPO of Baazar Style Retail from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Baazar Style Retail be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 5 September 2024. However, you will be able to see the shares of Baazar Style Retail on Dhan before the market starts on the listing date which is 6 September 2024.