Bazaar Style Retail Limited (MAINBOARD)
Aug 30, 2024 - Sep 3, 2024
| Price | ₹370 - ₹389 |
| Premium | ₹33 |
|---|---|
| Lot size | 38 |
| Allotment | Sep 4, 2024 |
| Listing | Sep 6, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 38 | 14782 | 197393 |
| sHNI | 14 | 532 | 206948 | 2014 |
| bHNI | 68 | 2584 | 1005176 | 4028 |
Last updated on 03-Sep-2024 19:15:06
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 4286248 | 350722938 | 81.83 |
| HNIs | 3214686 | 191037172 | 59.43 |
| HNIs 10+ | 2143124 | 148447494 | 69.27 |
| HNIs 2+ | 1071562 | 42589678 | 39.75 |
| Retail | 7500934 | 68388144 | 9.12 |
| Employees | 28248 | 999134 | 35.37 |
| Total | 15030116 | 611147388 | 40.66 |
Application Wise Breakup (Approx) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 4028 | 56307 | 13.98 |
| HNIs (2-10L) | 2014 | 77880 | 38.67 |
| Retail | 197393 | 1483741 | 7.52 |
| Total Applications: 1637694 | |||
| © IPO Premium | |||
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 166.74 | 13643.12 | 81.83 |
| FIIs | - | 3687.79 | - |
| DIIs | - | 5342.7 | - |
| Mutual funds | - | 764.73 | - |
| Others | - | 3461.79 | - |
| HNIs | 125.05 | 7431.35 | 59.43 |
| HNIs 10+ | 83.37 | 5774.61 | 69.27 |
| HNIs 2+ | 41.68 | 1656.74 | 39.75 |
| Retail | 291.79 | 2660.3 | 9.12 |
| Employees | 1.1 | 38.87 | 35.37 |
| Total | 584.67 | 23773.63 | 40.66 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹42.73 | @8% ₹48.84 | @9% ₹54.94 | @10% ₹61.05 | @11% ₹67.15 | @12% ₹73.26 |
IPO Details
| Total Issue Size | Up to [21,456,947] equity shares aggregating up to [834.68] crores |
| Fresh Issue | Up to [3,804,627] equity shares aggregating up to 148.00 crores |
| Offer for Sale | Up to [17,652,320] equity shares aggregating up to [686.68 ] crores |
| Issue Type | Book Built Issue |
| Listing At | NSE,BSE |
| Share holding pre issue | 70,810,966 Equity Shares |
| Share holding post issue | 74,615,593 Equity Shares |
IPO Reservations
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Key Performance Indicators
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 10.74% | 3.02% | -6.86% |
| ROCE | 18.39% | 17.81% | 6.59% |
| RONW | 10.32% | 2.67% | -5.67% |
| D/E | 0.76 | 0.57 | 0.55 |
| EPS (Diluted) | 3.14 | 0.76 | -1.31 |
| P/E Pre IPO | 125.54 | ||
| P/E Post IPO | 132.28 |
Financial Statement (Restated)
| Period Ended | Mar-24 |
|---|---|
| Assets | 1,165.97 |
| Revenue | 982.83 |
| Profit After Tax | 21.94 |
| Net Worth | 212.56 |
| Reserves and Surplus | 180.2 |
| Total Borrowing | 178.23 |
| Amount in Crores | |
About Company
Incorporated in June 2013, Bazaar Style Retail Limited is a prominent fashion retailer catering to diverse customer needs across West Bengal, Odisha, and eight additional states, including Bihar, Assam, Jharkhand, Andhra Pradesh, Uttar Pradesh, Tripura, and Chhattisgarh. The company offers a comprehensive range of apparel for men, women, boys, girls, and infants, alongside general merchandise such as non-apparels and home furnishing products. As of March 31, 2024, Bazaar Style Retail operates 162 stores, each averaging 9,046 square feet, and is staffed by trained employees dedicated to enhancing the family-oriented shopping experience. The company boasts a skilled in-house marketing team of no 13 personnel and a robust designing and merchandising team of 57 experts who leverage their extensive experience in the retail and textile industries to deliver stylish merchandise aligned with regional preferences and the latest market trends, all while maintaining affordability for every Indian customer.
E-mail: baazarstyle.ipo@axiscap.in Tel.: (+ 91 22) 4325 2183
JM FINANCIAL SERVICES
E-mail: baazarstyle.ipo@jmfl.com Tel.: (+91 22) 6630 3030
INTENSIVE FISCAL SERVICES PRIVATE LIMITED
E-mail: stylebaazar.ipo@intensivefiscal.com Tel.: (+91 22) 2287 0443
Market Leadership: Fastest-growing value retailer in eastern and northeastern India, with market dominance in West Bengal, Odisha, and Assam.
Strategic Expansion: Accelerated store growth through a cluster-based approach, enhancing market presence and accessibility.
Customer-Centric Approach: Strong understanding of customer preferences, offering a targeted and affordable product mix along with private label brands, driving customer loyalty.
Competitive Pressure: Intense competition in the fashion and retail industry may negatively impact cash flows, financial condition, and operational results if not managed effectively.
Seasonal Demand: Variability in customer demand for certain products due to seasonal trends could affect inventory management and sales.
Supplier Dependency: Reliance on a limited number of suppliers and lack of definitive agreements may disrupt procurement and impact operations if supplier relationships or network stability are compromised.
E-mail: baazarstyle.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Tel.: +91 810 811 4949