Bazaar Style Retail Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹370 - ₹389
- Lot size
- 38 shares
- Issue amount
- ₹834.68 cr
- Total subscription
- 40.66×
- Opens
- 30 Aug 2024
- Closes
- 3 Sept 2024
- Allotment
- 4 Sept 2024
- Listing
- 6 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 2,14,58,707 shares
- Face value
- ₹5 per share
- Minimum investment
- ₹14,060
- Fresh issue
- ₹148.06 cr
- Offer for sale
- ₹686.62 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,782
- Issue type
- Bookbuilding IPO
- Shares before issue
- 7,08,10,966
- Shares after issue
- 7,46,15,593
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 38 | ₹14,782 |
| sHNI | 14 | 532 | ₹2,06,948 |
| bHNI | 68 | 2,584 | ₹10,05,176 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs(10L +) | 4,028 | 56,307 |
| HNIs (2-10L) | 2,014 | 77,880 |
| RETAIL | 1,97,393 | 14,83,741 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 166.74 | 13,643.12 |
| RETAIL | 291.79 | 2,660.3 |
| NIB | 125.05 | 7,431.35 |
| HNIs 2+ | 41.68 | 1,656.74 |
| HNIs 10+ | 83.37 | 5,774.61 |
| EMPLOYEES | 1.1 | 38.87 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 3.14 | 0.76 | -1.31 |
| ROE | 10.74 | 3.02 | -6.86 |
| ROCE | 18.39 | 17.81 | 6.59 |
| RONW | 10.32 | 2.67 | -5.67 |
| PRE IPO (PE) | 125.54 | 0 | 0 |
| POST IPO(PE) | 132.28 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in June 2013, Bazaar Style Retail Limited is a leading fashion retailer operating across West Bengal, Odisha, and eight other states, including Bihar, Assam, Jharkhand, Andhra Pradesh, Uttar Pradesh, Tripura, and Chhattisgarh. The company offers a wide range of apparel for men, women, boys, girls, and infants, along with general merchandise such as non-apparel items and home furnishings. As of March 31, 2024, Bazaar Style Retail runs 162 stores averaging 9,046 sq. ft. each, supported by trained staff to enhance the family-oriented shopping experience. The company leverages a skilled in-house marketing team of 13 personnel and a design and merchandising team of 57 experts, delivering stylish, regionally tailored merchandise aligned with current market trends while maintaining affordability for all customers.
Strengths
- Market Leader: The fastest-growing value retailer in eastern and northeastern India, leading the market in West Bengal, Odisha, and Assam.
- Smart Expansion: Rapidly opening new stores using a cluster-based strategy, making products more accessible and boosting market reach.
- Customer First: Deep understanding of what customers want, offering budget-friendly products and exclusive private label brands that keep customers coming back.
Risk factors
- Competitive Pressure: Tough competition in the fashion and retail industry could hurt cash flow, profits, and business performance if not handled well.
- Seasonal Demand: Sales and inventory might fluctuate as customer demand for certain products changes with seasonal trends.
- Supplier Dependency: Depending on a few key suppliers without long-term agreements could disrupt business operations if those suppliers face issues or relationships break down.
Promoters
Pradeep Kumar Agarwal
Rohit Kedia, Shreyans Surana
Bhagwan Prasad
Rajendra Kumar Gupta
Sabita Agarwa
Rajendra Kumar Gupta
Sri Narsingh
Registrar & documents
Lead manager
Axis Capital Limited, Jm Financial Limited, Intensive Fiscal Services Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
P S Srijan Tech Park, DN-52, 12th Floor, Street Number 11, DN Block, Sector V, Salt Lake North 24 Parganas, Kolkata, - 700091
+91 3361256125
[email protected]Company website ↗Understanding STYLEBAAZA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.