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Baazar Style Retail IPO
Baazar Style Retail Ltd
₹14,060 /38 sharesMinimum Investment
Baazar Style Retail IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 30 Aug ‘24 - 3 Sep ‘24 | ₹14,060 | 38 | ₹370 - ₹389 |
| Issue Size | IPO Doc |
|---|---|
| 834.68Cr | RHP PDF |
Subscription rate
As of 03 Sep'24, 04:00 PM
| Qualified Institutional Buyers | 55.42x |
| Non-Institutional Investor | 55.70x |
| Retail Individual Investor | 8.09x |
| Employees | 33.01x |
| Total | 31.81x |
About Baazar Style Retail
Founded in
2013
Managing director
Mr. Shreyans Surana
Parent organisation
Baazar Style Retail Ltd
Strengths & Financials of Baazar Style Retail
Strengths
Risks
The company has seen a consistent increase in revenue from operations. It increased from Rs 551.12 crore in FY22 to Rs 787.90 crore in FY23 to Rs 972.88 crore in FY24.
Beginning with two stores in 2014, the company has expanded to 162 stores by 2024.
The company offers a mix of private label and third-party brands, including fashion labels like Killer and Sparky, in select stores. This product mix is built on customer preferences.
Baazar Style Retail engages with their customer base through various channels, including text messages, voice calls, and social media interactions.
Baazar Style Retail's product range is designed to meet the diverse needs of entire families. Their product line is trendy and affordable.
Baazar Style Retail's major revenue generation is dependent on sales in the eastern region of the country (West Bengal, Odisha, Assam, and Bihar). These core markets contributed Rs 849.49 crore (87.32%) in FY24, Rs 713.03 crore (90.50%) in FY23, and Rs 503.92 crore (91.44%) in FY22 to the revenue from operations. Any adverse developments in the region’s business environment could have a negative impact on the company’s business.
Baazar Style Retail depends on its network of third-party suppliers for product sourcing. Any disruption in this supply chain could negatively impact the company's business and financial standing.
The company's sales depend heavily on repeat customers. Repeat sales contributed 71.94% in FY24, 70% in FY23, and 68.50% in FY22 to total sales. Any decline in customer retention could negatively impact the financial performance of the company.
Baazar Style Retail had a total indebtedness of Rs 153.48 crore as of June 30, 2024. Any inability to repay or service these loans on time could negatively impact the business’s standing.
The company and its directors are involved in certain legal proceedings. Any adverse judgment in any of these cases could negatively impact the company’s reputation and business prospects.
Baazar Style Retail Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Baazar Style Retail IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹370 - 389 | Upto ₹2 Lakh |
| Employee | ₹335 - 354 | Upto ₹2 Lakh |
| High Networth Individual | ₹370 - 389 | ₹2 - 5 Lakh |
For Baazar Style Retail IPO, eligible investors can apply as Regular & Employee.