Baazar Style Retail IPO Overview
Baazar Style Retail IPO is a book built issue of Rs 834.68 crores.
Baazar Style Retail Limited is launching an Initial Public Offering (IPO) to raise ₹834.68 crores. This issue comprises a fresh issue of 0.38 crore shares, aggregating ₹148.00 crores, and an offer for sale (OFS) of 1.77 crore shares, aggregating ₹686.68 crores.
IPO Subscription Dates:
The IPO opens for subscription on August 30, 2024 and closes on September 3, 2024. The allotment is expected to be finalized on September 4, 2024, with a tentative listing date of September 6, 2024 on the BSE and NSE.
IPO Schedule
- IPO Open Date: August 30, 2024
- IPO Close Date: September 3, 2024
- Basis of Allotment: September 4, 2024
- Initiation of Refunds: September 5, 2024
- Credit of Shares to Demat: September 5, 2024
- Listing Date: September 6, 2024
Price Band and Lot Size
- Price Band: ₹370 to ₹389 per share
- Lot Size: 38 shares
- Minimum Investment (Retail): ₹14,782
- sNII (14 lots/532 shares): ₹206,948
- bNII (68 lots/2,584 shares): ₹1,005,176
Issue Breakdown
- Total Issue Size: ₹834.68 Cr
- Fresh Issue: ₹148.00 Cr (0.38 crore shares)
- Offer for Sale: ₹686.68 Cr (1.77 crore shares)
Promoter Holding
- Pre Issue: 55.03%
- Post Issue: (Data not provided)
Company Overview
Incorporated in 2013, Baazar Style Retail Limited operates as a fashion retailer in West Bengal, Odisha, and other states. The company offers a wide range of apparel for all age groups and general merchandise, focusing on affordable yet stylish products. As of March 31, 2024, the company operates 162 stores across 9 states with an average store size of 9,046 square feet.
Financial Performance
- Assets: ₹1,165.97 Cr
- Revenue: ₹982.83 Cr
- Profit After Tax (PAT): ₹21.94 Cr
- Net Worth: ₹212.56 Cr
- Reserves and Surplus: ₹180.20 Cr
- Total Borrowing: ₹178.23 Cr
Key Performance Indicators
- ROE: 10.74%
- ROCE: 18.39%
- Debt/Equity: 0.76
- RoNW: 10.32%
- P/BV: 12.78
- PAT Margin: 2.23%
Objects of the Issue
The company plans to use the net proceeds from the IPO for the following purposes:
- Prepayment or Repayment: To reduce a portion of its outstanding borrowings.
- General Corporate Purposes: To support overall business growth and expansion.
This IPO represents an opportunity for investors to participate in the growth of a dynamic retail business with a strong presence in eastern India.
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